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Encore Capital Group (Encore Capital Group) Cyclically Adjusted PB Ratio : 1.10 (As of Apr. 28, 2024)


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What is Encore Capital Group Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Encore Capital Group's current share price is $41.63. Encore Capital Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $37.92. Encore Capital Group's Cyclically Adjusted PB Ratio for today is 1.10.

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

ECPG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.77   Max: 4.68
Current: 1.1

During the past years, Encore Capital Group's highest Cyclically Adjusted PB Ratio was 4.68. The lowest was 0.73. And the median was 1.77.

ECPG's Cyclically Adjusted PB Ratio is ranked worse than
62.03% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs ECPG: 1.10

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.

Encore Capital Group's adjusted book value per share data for the three months ended in Dec. 2023 was $39.777. 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 $37.92 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Encore Capital Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Encore Capital Group'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.

Encore Capital Group Cyclically Adjusted PB Ratio Chart

Encore Capital Group 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 1.56 1.55 2.09 1.39 1.34

Encore Capital Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.39 1.41 1.32 1.26 1.34

Competitive Comparison of Encore Capital Group's Cyclically Adjusted PB Ratio

For the Mortgage Finance subindustry, Encore Capital Group'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.


Encore Capital Group's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Encore Capital Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Encore Capital Group 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.

Encore Capital Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=41.63/37.92
=1.10

* 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.

Encore Capital Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Encore Capital Group's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=39.777/129.4194*129.4194
=39.777

Current CPI (Dec. 2023) = 129.4194.

Encore Capital Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 22.136 99.695 28.736
201406 22.593 100.560 29.077
201409 23.581 100.428 30.388
201412 24.505 99.070 32.012
201503 24.661 99.621 32.038
201506 25.748 100.684 33.097
201509 24.879 100.392 32.073
201512 23.829 99.792 30.904
201603 24.136 100.470 31.090
201606 24.446 101.688 31.113
201609 22.775 101.861 28.937
201612 21.971 101.863 27.915
201703 23.371 102.862 29.405
201706 21.511 103.349 26.937
201709 22.194 104.136 27.583
201712 22.552 104.011 28.061
201803 23.573 105.290 28.975
201806 24.087 106.317 29.321
201809 25.219 106.507 30.644
201812 26.486 105.998 32.338
201903 28.168 107.251 33.990
201906 29.067 108.070 34.809
201909 29.651 108.329 35.424
201912 32.871 108.420 39.238
202003 28.902 108.902 34.347
202006 33.203 108.767 39.507
202009 35.881 109.815 42.287
202012 38.846 109.897 45.747
202103 41.154 111.754 47.659
202106 44.532 114.631 50.277
202109 47.261 115.734 52.849
202112 48.297 117.630 53.138
202203 51.163 121.301 54.587
202206 51.340 125.017 53.148
202209 50.681 125.227 52.378
202212 50.578 125.222 52.273
202303 50.428 127.348 51.248
202306 52.537 128.729 52.819
202309 50.949 129.860 50.776
202312 39.777 129.419 39.777

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.


Encore Capital Group  (NAS:ECPG) 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.


Encore Capital Group Cyclically Adjusted PB Ratio Related Terms

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


Encore Capital Group (Encore Capital Group) Business Description

Traded in Other Exchanges
Address
350 Camino De La Reina, Suite 100, San Diego, CA, USA, 92108
Encore Capital Group Inc is a specialty finance company. It provides debt recovery solutions for consumers and property owners across a broad range of financial assets. The company purchase portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as the consumer repay their obligations and work toward financial recovery. Encore has only a reportable segment being portfolio purchasing and recovery.
Executives
Jonathan C Clark officer: Executive VP, CFO & Treasurer 300 CONTINENTAL DRIVE, NEWARK DE 19713
Laura Olle director 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
John Yung officer: President, Intl. and Cabot 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
William C. Goings director 1015 A ST, TACOMA WA 98402
Andrew Eric Asch officer: SVP, General Counsel 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92627
Ryan B Bell officer: EVP and COO of MCM 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO, CA 92108
Gregory L. Call officer: Sr. VP, GC & Secretary 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Peter Reck officer: Chief Accounting Officer C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153
Wendy Hannam director 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Craig A. Buick officer: Cabot Credit Management CEO 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
A. Knight Angela director 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Jeffrey Albert Hilzinger director 3 CEDAR RIDGE DRIVE, CHESTER NJ 07930
Jcf Iii Europe Holdings L.p. 10 percent owner C/O J.C. FLOWERS & CO., 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Ashish Masih officer: EVP, US Debt Purchasing & Ops. 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Kenneth J Stannard officer: Cabot Credit Management CEO 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108