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Safety Insurance Group (NAS:SAFT) Cyclically Adjusted PB Ratio

: 1.38 (As of Today)
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As of today (2024-02-29), Safety Insurance Group's current share price is $82.17. Safety Insurance Group's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $59.60. Safety Insurance Group's Cyclically Adjusted PB Ratio for today is 1.38.

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

SAFT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.51   Max: 2.11
Current: 1.43

During the past years, Safety Insurance Group's highest Cyclically Adjusted PB Ratio was 2.11. The lowest was 1.11. And the median was 1.51.

SAFT's Cyclically Adjusted PB Ratio is ranked worse than
62.56% of 398 companies
in the Insurance industry
Industry Median: 1.115 vs SAFT: 1.43

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.

Safety Insurance Group's adjusted book value per share data for the three months ended in Sep. 2023 was $52.039. 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 $59.60 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Safety Insurance Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Safety Insurance 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.

Safety Insurance Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.72 1.89 1.56 1.56 1.46

Safety Insurance Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted PB Ratio 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 1.41 1.46 1.27 1.21 1.14

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Safety Insurance 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.


Safety Insurance Group Cyclically Adjusted PB Ratio Distribution

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

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



Safety Insurance 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.

Safety Insurance Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=82.17/59.6
=1.38

* 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.

Safety Insurance Group's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Safety Insurance Group'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)
=52.039/129.8595*129.8595
=52.039

Current CPI (Sep. 2023) = 129.8595.

Safety Insurance Group Quarterly Data

Book Value per Share CPI Adj_Book
201312 45.176 98.326 59.664
201403 45.697 99.695 59.524
201406 46.886 100.560 60.547
201409 47.033 100.428 60.817
201412 47.190 99.070 61.856
201503 44.195 99.621 57.610
201506 42.825 100.684 55.235
201509 42.700 100.392 55.234
201512 42.699 99.792 55.564
201603 43.459 100.470 56.171
201606 44.863 101.688 57.292
201609 45.365 101.861 57.834
201612 44.271 101.863 56.439
201703 44.539 102.862 56.229
201706 45.590 103.349 57.284
201709 46.179 104.136 57.586
201712 46.059 104.011 57.505
201803 44.852 105.290 55.319
201806 45.560 106.317 55.649
201809 46.568 106.507 56.779
201812 47.011 105.998 57.594
201903 49.082 107.251 59.429
201906 50.901 108.070 61.164
201909 51.488 108.329 61.721
201912 52.551 108.420 62.943
202003 49.780 108.902 59.360
202006 53.949 108.767 64.411
202009 56.255 109.815 66.523
202012 59.400 109.897 70.190
202103 59.418 111.754 69.044
202106 61.425 114.631 69.585
202109 61.944 115.734 69.504
202112 62.466 117.630 68.961
202203 58.466 121.301 62.591
202206 55.537 125.017 57.688
202209 53.222 125.227 55.191
202212 54.881 125.222 56.914
202303 54.013 127.348 55.078
202306 53.660 128.729 54.131
202309 52.039 129.860 52.039

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.


Safety Insurance Group  (NAS:SAFT) 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.


Safety Insurance Group Cyclically Adjusted PB Ratio Related Terms

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


Safety Insurance Group (NAS:SAFT) Business Description

Traded in Other Exchanges
Address
20 Custom House Street, Boston, MA, USA, 02110
Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.
Executives
Glenn Hiltpold officer: VP of Actuarial Services 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Brophy Charles Joseph Iii director 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Dennis J. Langwell director C/O LIBERTY MUTUAL GROUP, 175 BERKELEY STREET, BOSTON MA 02116
Srb Corp 10 percent owner 695 ATLANTIC AVENUE, BOSTON MA 02111
Peter J Manning director FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Christopher Thomas Whitford officer: VP, CFO and Secretary 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Stephen Albert Varga officer: VP - MIS 20 CUSTOM HOUSE STREET, BOSTON MA 02110
James Berry officer: VP - Insurance Operations C/O SAFETY INSURANCE, 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Farina John Daniel Jr. director 20 CUSTOM HOUSE ST, BOSTON MA 02110
Deborah E Gray director 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Frederic H Lindeberg director C/O SAFETY INSURANCE GROUP, INC., 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Ann Marie Mckeown officer: V.P Insurance Operations 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Moran Mary Coffey director DANVERS BANCORP, INC., ONE CONANT STREET, DANVERS MA 01923
David E Krupa officer: VP - Property Claims
David D Mckown director