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FX International AB (XSAT:FXI) Cyclically Adjusted PB Ratio : 0.18 (As of Jun. 15, 2024)


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What is FX International AB Cyclically Adjusted PB Ratio?

As of today (2024-06-15), FX International AB's current share price is kr0.114. FX International AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr0.65. FX International AB's Cyclically Adjusted PB Ratio for today is 0.18.

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

XSAT:FXI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 1.22   Max: 6.43
Current: 0.17

During the past years, FX International AB's highest Cyclically Adjusted PB Ratio was 6.43. The lowest was 0.15. And the median was 1.22.

XSAT:FXI's Cyclically Adjusted PB Ratio is ranked better than
93.74% of 958 companies
in the Asset Management industry
Industry Median: 0.79 vs XSAT:FXI: 0.17

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.

FX International AB's adjusted book value per share data for the three months ended in Mar. 2024 was kr0.388. 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 kr0.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FX International AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FX International AB'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.

FX International AB Cyclically Adjusted PB Ratio Chart

FX International AB Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 6.48 1.26 0.77

FX International AB Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Sep21 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 0.85 1.04 0.79 0.77 0.34

Competitive Comparison of FX International AB's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, FX International AB'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.


FX International AB's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, FX International AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



FX International AB 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.

FX International AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.114/0.65
=0.18

* 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.

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

For example, FX International AB'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)
=0.388/122.3600*122.3600
=0.388

Current CPI (Mar. 2024) = 122.3600.

FX International AB Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.108 99.761 0.132
201403 0.109 100.174 0.133
201406 0.117 100.147 0.143
201409 0.183 100.726 0.222
201412 0.136 100.229 0.166
201503 0.112 100.120 0.137
201506 0.119 100.030 0.146
201509 0.110 100.130 0.134
201512 0.086 99.990 0.105
201603 0.409 100.080 0.500
201606 0.274 100.390 0.334
201609 0.163 100.540 0.198
201612 1.283 101.020 1.554
201703 1.134 100.910 1.375
201706 0.979 101.140 1.184
201709 0.845 101.320 1.020
201712 0.710 101.510 0.856
201803 0.566 101.730 0.681
201806 0.416 102.320 0.497
201809 0.386 102.600 0.460
201812 1.087 102.710 1.295
201903 0.959 102.870 1.141
201906 0.575 103.360 0.681
201909 0.559 103.540 0.661
201912 0.521 103.650 0.615
202003 1.097 103.490 1.297
202006 0.949 103.320 1.124
202009 0.897 103.710 1.058
202012 0.805 103.890 0.948
202103 0.757 104.870 0.883
202109 0.719 106.290 0.828
202203 1.098 110.950 1.211
202206 0.626 113.570 0.674
202209 0.618 114.920 0.658
202212 0.623 117.320 0.650
202303 0.551 119.750 0.563
202306 0.521 120.690 0.528
202309 0.475 121.280 0.479
202312 0.413 121.540 0.416
202403 0.388 122.360 0.388

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.


FX International AB  (XSAT:FXI) 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.


FX International AB Cyclically Adjusted PB Ratio Related Terms

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


FX International AB (XSAT:FXI) Business Description

Traded in Other Exchanges
N/A
Address
Drottninggatan 62, Helsingborg, FIN, 252 21
FX International AB is engaged in currency trading through algorithm-driven computer program with goal to maximize return on its capital for shareholders. The company's business model focuses on algorithm-driven trading using artificial intelligence within the foreign exchange market. It also have trading platform namely, Genova FX.

FX International AB (XSAT:FXI) Headlines

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