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Netflix (UKEX:NFLX) Cyclically Adjusted PB Ratio : 26.07 (As of Jun. 07, 2024)


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What is Netflix Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Netflix's current share price is ₴14674.00. Netflix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₴562.96. Netflix's Cyclically Adjusted PB Ratio for today is 26.07.

The historical rank and industry rank for Netflix's Cyclically Adjusted PB Ratio or its related term are showing as below:

UKEX:NFLX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.53   Med: 54.44   Max: 120.2
Current: 27.91

During the past years, Netflix's highest Cyclically Adjusted PB Ratio was 120.20. The lowest was 12.53. And the median was 54.44.

UKEX:NFLX's Cyclically Adjusted PB Ratio is ranked worse than
98.69% of 688 companies
in the Media - Diversified industry
Industry Median: 1.13 vs UKEX:NFLX: 27.91

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Netflix's adjusted book value per share data for the three months ended in Mar. 2024 was ₴1,987.723. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₴562.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Netflix Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Netflix's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Netflix Cyclically Adjusted PB Ratio Chart

Netflix Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.92 68.49 51.69 17.78 22.36

Netflix Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.16 22.68 18.19 22.36 26.07

Competitive Comparison of Netflix's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, Netflix's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Netflix's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Netflix's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Netflix's Cyclically Adjusted PB Ratio falls into.



Netflix Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Netflix's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14674.00/562.96
=26.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Netflix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Netflix's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1987.723/131.7762*131.7762
=1,987.723

Current CPI (Mar. 2024) = 131.7762.

Netflix Quarterly Data

Book Value per Share CPI Adj_Book
201406 153.435 100.560 201.066
201409 163.989 100.428 215.178
201412 176.123 99.070 234.268
201503 180.394 99.621 238.620
201506 191.255 100.684 250.317
201509 203.323 100.392 266.886
201512 208.318 99.792 275.085
201603 216.930 100.470 284.524
201606 225.931 101.688 292.781
201609 236.279 101.861 305.671
201612 249.842 101.863 323.212
201703 276.638 102.862 354.399
201706 289.044 103.349 368.548
201709 308.297 104.136 390.128
201712 331.379 104.011 419.839
201803 370.890 105.290 464.191
201806 414.024 106.317 513.169
201809 460.599 106.507 569.880
201812 481.097 105.998 598.098
201903 523.025 107.251 642.629
201906 559.115 108.070 681.765
201909 627.745 108.329 763.614
201912 692.797 108.420 842.041
202003 766.672 108.902 927.711
202006 848.665 108.767 1,028.194
202009 937.791 109.815 1,125.335
202012 1,001.721 109.897 1,201.154
202103 1,165.092 111.754 1,373.829
202106 1,255.925 114.631 1,443.767
202109 1,386.233 115.734 1,578.378
202112 1,431.359 117.630 1,603.501
202203 1,583.308 121.301 1,720.038
202206 1,719.889 125.017 1,812.880
202209 1,849.511 125.227 1,946.246
202212 1,870.593 125.222 1,968.504
202303 1,968.778 127.348 2,037.240
202306 2,065.794 128.729 2,114.699
202309 2,025.220 129.860 2,055.112
202312 1,907.482 129.419 1,942.218
202403 1,987.723 131.776 1,987.723

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Netflix  (UKEX:NFLX) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Netflix Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Netflix's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Netflix (UKEX:NFLX) Business Description

Address
121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Netflix (UKEX:NFLX) Headlines

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