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Sally Beauty Holdings (Sally Beauty Holdings) Cyclically Adjusted PB Ratio : (As of Apr. 27, 2024)


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What is Sally Beauty Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sally Beauty Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sally Beauty Holdings'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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Sally Beauty Holdings Cyclically Adjusted PB Ratio Chart

Sally Beauty Holdings Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
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Sally Beauty Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Sally Beauty Holdings's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, Sally Beauty Holdings'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.


Sally Beauty Holdings's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Sally Beauty Holdings's Cyclically Adjusted PB Ratio falls into.



Sally Beauty Holdings 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.

Sally Beauty Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Sally Beauty Holdings'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)
=5.163/129.4194*129.4194
=5.163

Current CPI (Dec. 2023) = 129.4194.

Sally Beauty Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 -1.658 99.695 -2.152
201406 -2.335 100.560 -3.005
201409 -2.244 100.428 -2.892
201412 -1.620 99.070 -2.116
201503 -1.662 99.621 -2.159
201506 -1.211 100.684 -1.557
201509 -1.966 100.392 -2.534
201512 -2.152 99.792 -2.791
201603 -2.336 100.470 -3.009
201606 -1.934 101.688 -2.461
201609 -1.908 101.861 -2.424
201612 -2.025 101.863 -2.573
201703 -2.313 102.862 -2.910
201706 -2.659 103.349 -3.330
201709 -2.806 104.136 -3.487
201712 -2.724 104.011 -3.389
201803 -2.561 105.290 -3.148
201806 -2.721 106.317 -3.312
201809 -2.239 106.507 -2.721
201812 -1.789 105.998 -2.184
201903 -1.208 107.251 -1.458
201906 -0.587 108.070 -0.703
201909 -0.517 108.329 -0.618
201912 0.019 108.420 0.023
202003 -0.474 108.902 -0.563
202006 -0.616 108.767 -0.733
202009 0.137 109.815 0.161
202012 0.879 109.897 1.035
202103 1.197 111.754 1.386
202106 1.971 114.631 2.225
202109 2.486 115.734 2.780
202112 2.555 117.630 2.811
202203 2.542 121.301 2.712
202206 2.766 125.017 2.863
202209 2.745 125.227 2.837
202212 3.480 125.222 3.597
202303 3.960 127.348 4.024
202306 4.534 128.729 4.558
202309 4.787 129.860 4.771
202312 5.163 129.419 5.163

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.


Sally Beauty Holdings  (NYSE:SBH) 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.


Sally Beauty Holdings Cyclically Adjusted PB Ratio Related Terms

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


Sally Beauty Holdings (Sally Beauty Holdings) Business Description

Traded in Other Exchanges
Address
3001 Colorado Boulevard, Denton, TX, USA, 76210
Sally Beauty Holdings Inc is a professional beauty-products retailer based in the United States. Sally Beauty operates throughout the United States, Puerto Rico, the United Kingdom, Belgium, Canada, Chile, Colombia, Mexico, Peru, France, Ireland, Spain, Germany, and the Netherlands. The company operates through two business segments: Sally Beauty Supply and Beauty Systems Group. Product offerings include hair color and care, hair dryers and hair-styling appliances, nail care, skin care, and others.
Executives
Denise Paulonis director, officer: President & CEO 8000 BENT BRANCH DRIVE, IRVING TX 75063
Lawrence Molloy director 19601 N 27TH AVENUE, PHOENIX AZ 85027
Rachel Rothe Bishop director 2021 SPRING ROAD, SUITE 600, OAKBROOK IL 60523
Jeffrey N Boyer director 100 PIER 1 PLACE, FORT WORTH TX 76102
Susan R Mulder director 3001 COLORADO BLVD., DENTON TX 76210
Scott C Sherman officer: SVP & CHRO 3001 COLORADO BLVD., DENTON TX 76210
Robert R Mcmaster director, other: Chairman of the Board 907-B EAST MAIN STREET, HUMBLE TX 77338-4662
Platz Marlo Michelle Cormier officer: SVP, CFO 2180 RUTHERFORD ROAD, CARLSBAD CA 92008
John A Miller director 3001 COLORADO BLVD, DENTON TX 76210
Marshall E Eisenberg director TWO NORTH LASALLE STREET, CHICAGO IL 60602
Edward W Rabin director 200 WEST MADISON STE.3900, CHICAGO IL 60606
Pamela K Kohn officer: See Remarks 3001 COLORADO BLVD, DENTON TX 76210
Mark Gregory Spinks officer: See Remarks 3001 COLORADO BLVD., DENTON TX 76210
Linda Heasley director 4 BATTERYMARCH PARK, QUINCY MA 02169
John M Henrich officer: See Remarks 3001 COLORADO BLVD, DENTON TX 76210