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Lee Enterprises (Lee Enterprises) Cyclically Adjusted PB Ratio : (As of May. 16, 2024)


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What is Lee Enterprises Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lee Enterprises Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lee Enterprises'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.

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Lee Enterprises Cyclically Adjusted PB Ratio Chart

Lee Enterprises Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
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Lee Enterprises Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Lee Enterprises's Cyclically Adjusted PB Ratio

For the Publishing subindustry, Lee Enterprises'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.


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

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

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



Lee Enterprises 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.

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

For example, Lee Enterprises'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)
=1.287/131.7762*131.7762
=1.287

Current CPI (Mar. 2024) = 131.7762.

Lee Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201406 -30.864 100.560 -40.445
201409 -33.165 100.428 -43.517
201412 -30.867 99.070 -41.057
201503 -30.427 99.621 -40.248
201506 -29.827 100.684 -39.038
201509 -29.151 100.392 -38.264
201512 -26.601 99.792 -35.127
201603 -22.940 100.470 -30.088
201606 -22.065 101.688 -28.594
201609 -23.038 101.861 -29.804
201612 -20.776 101.863 -26.877
201703 -19.137 102.862 -24.516
201706 -17.921 103.349 -22.850
201709 -16.264 104.136 -20.581
201712 -10.077 104.011 -12.767
201803 -9.551 105.290 -11.954
201806 -8.644 106.317 -10.714
201809 -6.537 106.507 -8.088
201812 -4.711 105.998 -5.857
201903 -5.064 107.251 -6.222
201906 -3.918 108.070 -4.777
201909 -6.676 108.329 -8.121
201912 -5.621 108.420 -6.832
202003 -6.478 108.902 -7.839
202006 -6.536 108.767 -7.919
202009 -5.409 109.815 -6.491
202012 -2.443 109.897 -2.929
202103 -2.519 111.754 -2.970
202106 -1.796 114.631 -2.065
202109 6.979 115.734 7.946
202112 10.225 117.630 11.455
202203 8.919 121.301 9.689
202206 8.765 125.017 9.239
202209 2.510 125.227 2.641
202212 2.636 125.222 2.774
202303 1.719 127.348 1.779
202306 2.010 128.729 2.058
202309 3.503 129.860 3.555
202312 3.213 129.419 3.272
202403 1.287 131.776 1.287

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.


Lee Enterprises  (NAS:LEE) 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.


Lee Enterprises Cyclically Adjusted PB Ratio Related Terms

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Lee Enterprises (Lee Enterprises) Business Description

Traded in Other Exchanges
Address
4600 E 53rd Street, Davenport, IA, USA, 52807
Lee Enterprises Inc is a local news publication company in the United States. It is a digital-first subscription business providing local markets with valuable, high quality, trusted, intensely local news, information, advertising and marketing services. Its product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche products, all delivering original local news and information as well as national and international news. The products offer digital and print editions, and its content and advertising is available in real time through the websites and mobile apps.
Executives
Shaun Mcalmont director C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Moloney Herbert W Iii director 215 N MAIN STREET, SUITE 400, DAVENPORT IA 52801
Steven C. Fletcher director C/O LEE ENTERPRISES, INCORPORATED, 4600 EAST 53RD STREET, DAVENPORT IA 52807
Margaret R. Liberman director C/O LEE ENTERPRISES, INCORPORATED, 201 N. HARRISON STREET, STE. 600, DAVENPORT IA 52801
David T. Pearson director C/O VONAGE HOLDINGS CORP, 23 MAIN STREET, HOLMDEL NJ 07733
Jolene N. Sherman officer: V.P. - Business Development C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT IA 52807
Joseph J Battistoni officer: VP - Local Advertising C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT IA 52807
Astrid J Garcia officer: VP - Human Resources & Legal C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT IA 52807
Cannell Capital Llc 10 percent owner 245 MERIWETHER CIRCLE, ALTA WY 83414
Nancy S Donovan director
William E Mayer director C/O LEE ENTERPRISES INC, 201 N. HARRISON ST., STE. 600, DAVENPORT IA 52801
Ray G Farris officer: V.P. & Group Publisher C/O LEE ENTERPRISES, INCORPORATED, 201 N HARRISON STREET, STE. 600, DAVENPORT IA 52801
Gregory P Schermer director, 10 percent owner, officer: Vice Pres.-Interactive Media C/O LEE ENTERPRISES INCORPORATED, 215 N MAIN STREET STE 400, DAVENPORT IA 52801
Timothy R. Millage officer: V.P., CFO and Treasurer C/O LEE ENTERPRISES, INCORPORATED, 201 N HARRISON STREET, STE. 600, DAVENPORT IA 52801
Michael R Gulledge officer: Vice President - Publishing C/O LEE ENTERPRISES, INCORPORATED, 201 N. HARRISON STREET, DAVENPORT IA 52801-1939