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Liquidity Services (Liquidity Services) Cyclically Adjusted PB Ratio : 3.17 (As of May. 15, 2024)


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What is Liquidity Services Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Liquidity Services's current share price is $19.48. Liquidity Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.15. Liquidity Services's Cyclically Adjusted PB Ratio for today is 3.17.

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

LQDT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.4   Max: 3.96
Current: 3.12

During the past years, Liquidity Services's highest Cyclically Adjusted PB Ratio was 3.96. The lowest was 0.45. And the median was 1.40.

LQDT's Cyclically Adjusted PB Ratio is ranked worse than
78.57% of 728 companies
in the Retail - Cyclical industry
Industry Median: 1.175 vs LQDT: 3.12

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.

Liquidity Services's adjusted book value per share data for the three months ended in Mar. 2024 was $5.374. 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 $6.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liquidity Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Liquidity Services'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.

Liquidity Services Cyclically Adjusted PB Ratio Chart

Liquidity Services Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.09 3.10 2.32 2.68

Liquidity Services 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 1.93 2.46 2.68 2.71 3.02

Competitive Comparison of Liquidity Services's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, Liquidity Services'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.


Liquidity Services's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Liquidity Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Liquidity Services 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.

Liquidity Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.48/6.15
=3.17

* 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.

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

For example, Liquidity Services'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)
=5.374/129.4194*129.4194
=5.374

Current CPI (Mar. 2024) = 129.4194.

Liquidity Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.740 100.560 13.822
201409 10.684 100.428 13.768
201412 8.471 99.070 11.066
201503 8.559 99.621 11.119
201506 8.723 100.684 11.213
201509 7.194 100.392 9.274
201512 6.953 99.792 9.017
201603 7.044 100.470 9.074
201606 7.097 101.688 9.032
201609 5.289 101.861 6.720
201612 4.978 101.863 6.325
201703 4.771 102.862 6.003
201706 4.559 103.349 5.709
201709 4.210 104.136 5.232
201712 4.156 104.011 5.171
201803 4.005 105.290 4.923
201806 3.903 106.317 4.751
201809 3.956 106.507 4.807
201812 3.812 105.998 4.654
201903 3.732 107.251 4.503
201906 3.616 108.070 4.330
201909 3.449 108.329 4.120
201912 3.318 108.420 3.961
202003 3.181 108.902 3.780
202006 3.240 108.767 3.855
202009 3.334 109.815 3.929
202012 3.451 109.897 4.064
202103 3.190 111.754 3.694
202106 3.445 114.631 3.889
202109 4.062 115.734 4.542
202112 4.134 117.630 4.548
202203 4.133 121.301 4.410
202206 4.552 125.017 4.712
202209 4.843 125.227 5.005
202212 4.911 125.222 5.076
202303 4.881 127.348 4.960
202306 5.078 128.729 5.105
202309 5.260 129.860 5.242
202312 5.389 129.419 5.389
202403 5.374 129.419 5.374

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.


Liquidity Services  (NAS:LQDT) 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.


Liquidity Services Cyclically Adjusted PB Ratio Related Terms

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


Liquidity Services (Liquidity Services) Business Description

Traded in Other Exchanges
Address
6931 Arlington Road, Suite 460, Bethesda, MD, USA, 20814
Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.
Executives
Steven Weiskircher officer: SVP & CTO 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Angrick William P Iii director, 10 percent owner, officer: Chairman of the Board and CEO C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036
Novelette Murray officer: Chief Human Resources Officer 6931 ARLINGTON ROAD SUITE 200, BETHESDA MD 20814
John Daunt officer: EVP & COO C/O 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
George H Ellis director 2911 TURTLE CREEK BOULEVARD, SUITE 1100, DALLAS TX 75219
Jorge Celaya officer: EVP & Chief Financial Officer 1920 L STREET NW, 6TH FLOOR, WASHINGTON DC 20036
Katharin S Dyer director 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Thierno Amath Fall director 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Jaime Mateus-tique director, 10 percent owner, officer: President and Chief Op Officer 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036
Mark A Shaffer officer: VP, Gen. Counsel & Secretary C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036
Edward Kolodzieski director C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036
Nicholas Rozdilsky officer: Vice President, Marketing C/O 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Beatriz V Infante director 4 TECHNOLOGY PARK DRIVE, SONUS NETWORKS, INC., WESTFORD MA 01886
Sam Guzman officer: VP & Chief Accounting Officer C/O 6931 ARLINGTON ROAD, SUITE 200, BETHESDA MD 20814
Michael Lutz officer: VP, Human Resources C/O 6931 ARLINGTON ROAD, BETHESDA MD 20814