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Yale Transaction Finders (OTCPK:YTFD) Cyclically Adjusted Book per Share

: $-0.16 (As of Sep. 2023)
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E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Yale Transaction Finders's adjusted book value per share for the three months ended in Sep. 2023 was $-0.014. 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 $-0.16 for the trailing ten years ended in Sep. 2023.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -13.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -17.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Yale Transaction Finders was -13.30% per year. The lowest was -22.40% per year. And the median was -19.70% per year.

As of today (2024-02-20), Yale Transaction Finders's current stock price is $3.99. Yale Transaction Finders's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $-0.16. Yale Transaction Finders's Cyclically Adjusted PB Ratio of today is .


Yale Transaction Finders Cyclically Adjusted Book per Share Historical Data

The historical data trend for Yale Transaction Finders's Cyclically Adjusted Book per Share 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.

Yale Transaction Finders Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.09 -0.11 -0.12 -0.15 -0.16

Yale Transaction Finders Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted Book per Share 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 Premium Member Only Premium Member Only Premium Member Only -0.16 -0.16 -0.16 -0.16 -0.16

Competitive Comparison

For the Shell Companies subindustry, Yale Transaction Finders'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.


Yale Transaction Finders Cyclically Adjusted PB Ratio Distribution

For the Diversified Financial Services industry and Financial Services sector, Yale Transaction Finders's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Yale Transaction Finders Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Yale Transaction Finders's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.014/129.8595*129.8595
=-0.014

Current CPI (Sep. 2023) = 129.8595.

Yale Transaction Finders Quarterly Data

Book Value per Share CPI Adj_Book
201312 -0.081 98.326 -0.107
201403 -0.085 99.695 -0.111
201406 -0.089 100.560 -0.115
201409 -0.093 100.428 -0.120
201412 -0.096 99.070 -0.126
201503 -0.101 99.621 -0.132
201506 -0.105 100.684 -0.135
201509 -0.109 100.392 -0.141
201512 -0.113 99.792 -0.147
201603 -0.117 100.470 -0.151
201606 -0.122 101.688 -0.156
201609 -0.126 101.861 -0.161
201612 -0.130 101.863 -0.166
201703 -0.134 102.862 -0.169
201706 -0.138 103.349 -0.173
201709 -0.143 104.136 -0.178
201712 -0.147 104.011 -0.184
201803 -0.152 105.290 -0.187
201806 -0.156 106.317 -0.191
201809 -0.155 106.507 -0.189
201812 -0.165 105.998 -0.202
201903 -0.170 107.251 -0.206
201906 -0.174 108.070 -0.209
201909 -0.178 108.329 -0.213
201912 -0.184 108.420 -0.220
202003 -0.189 108.902 -0.225
202006 -0.194 108.767 -0.232
202009 -0.199 109.815 -0.235
202012 -0.206 109.897 -0.243
202103 -0.210 111.754 -0.244
202106 -0.215 114.631 -0.244
202109 -0.218 115.734 -0.245
202112 -0.223 117.630 -0.246
202203 0.000 121.301 0.000
202206 -0.005 125.017 -0.005
202209 -0.006 125.227 -0.006
202212 -0.009 125.222 -0.009
202303 -0.011 127.348 -0.011
202306 -0.013 128.729 -0.013
202309 -0.014 129.860 -0.014

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


Yale Transaction Finders  (OTCPK:YTFD) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Yale Transaction Finders Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Yale Transaction Finders's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Yale Transaction Finders (OTCPK:YTFD) Business Description

Traded in Other Exchanges
N/A
Address
c/o Graubard Miller, 405 Lexington Avenue, 44th Floor, New York, NY, USA, 10174
Website
Yale Transaction Finders Inc is a shell company.
Executives
Jonathan J Ledecky director, 10 percent owner, officer: CEO, CFO C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Arnold P Kling 10 percent owner, officer: President, Treasurer C/O ADELPHIA HOLDINGS LLC, 545 MADISON AVE 6TH FLOOR, NEW YORK NY 10022
Thomas W Colligan director, officer: See Remarks 5528 WESTCOTT CIRCLE, FREDERICK MD 21703
Fountainhead Capital Management Ltd 10 percent owner PORTMAN HOUSE HUE STREET, ST HELIER, JERSEY CHANNEL ISLANDS X0 JE45RP
La Pergola Investments Ltd 10 percent owner 1 PORTMAN HOUSE, HUE STREET ST HELLIER, JERSEY CHANNEL ISLAN X0 JE45RP
Geoffrey Greenwood director, 10 percent owner, officer: President,Secreatary 2045 KETTNER BLVD., SUITE 101, SAN DIEGO CA 92101

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