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SJM Holdings (SJM Holdings) Cyclically Adjusted PB Ratio : 0.66 (As of Apr. 28, 2024)


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What is SJM Holdings Cyclically Adjusted PB Ratio?

As of today (2024-04-28), SJM Holdings's current share price is $0.35. SJM Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 was $0.53. SJM Holdings's Cyclically Adjusted PB Ratio for today is 0.66.

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

SJMHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 0.98   Max: 1.16
Current: 0.67

During the past 13 years, SJM Holdings's highest Cyclically Adjusted PB Ratio was 1.16. The lowest was 0.67. And the median was 0.98.

SJMHF's Cyclically Adjusted PB Ratio is ranked better than
71.9% of 580 companies
in the Travel & Leisure industry
Industry Median: 1.365 vs SJMHF: 0.67

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.

SJM Holdings's adjusted book value per share data of for the fiscal year that ended in Dec22 was $0.289. 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 $0.53 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


SJM Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SJM 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.

* Premium members only.

SJM Holdings Cyclically Adjusted PB Ratio Chart

SJM Holdings 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 1.96 1.89 1.12 1.06 -

SJM Holdings Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 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 1.06 - - - -

Competitive Comparison of SJM Holdings's Cyclically Adjusted PB Ratio

For the Resorts & Casinos subindustry, SJM 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.


SJM Holdings's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, SJM Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



SJM 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.

SJM Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.35/0.53
=0.66

* 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.

SJM Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 is calculated as:

For example, SJM Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec22 was:

Adj_Book=Book Value per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=0.289/114.5475*114.5475
=0.289

Current CPI (Dec22) = 114.5475.

SJM Holdings Annual Data

Book Value per Share CPI Adj_Book
201312 0.509 95.090 0.613
201412 0.529 99.707 0.608
201512 0.499 102.015 0.560
201612 0.529 103.225 0.587
201712 0.538 104.984 0.587
201812 0.584 107.622 0.622
201912 0.615 110.700 0.636
202012 0.522 109.711 0.545
202112 0.430 112.349 0.438
202212 0.289 114.548 0.289

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.


SJM Holdings  (OTCPK:SJMHF) 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.


SJM Holdings Cyclically Adjusted PB Ratio Related Terms

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


SJM Holdings (SJM Holdings) Business Description

Traded in Other Exchanges
Address
Nos. 168 – 200 Connaught Road Central, 18th Floor, China Merchants Tower, Shun Tak Centre, Central, HKG
SJM Holdings is one of six casino license holders in Macao. It operates Grand Lisboa casino in the peninsula and Grand Lisboa Palace in Cotai, the latter was opened in July 2021. In addition to self-promoted casinos, there are also nine satellite casinos operating under SJM's gaming license currently.

SJM Holdings (SJM Holdings) Headlines

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