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MSCI (WBO:MSCI) Cyclically Adjusted PB Ratio : 1,922.61 (As of Apr. 28, 2024)


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What is MSCI Cyclically Adjusted PB Ratio?

As of today (2024-04-28), MSCI's current share price is €442.20. MSCI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €0.23. MSCI's Cyclically Adjusted PB Ratio for today is 1,922.61.

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

WBO:MSCI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.13   Med: 26.01   Max: 2169.56
Current: 1893.04

During the past years, MSCI's highest Cyclically Adjusted PB Ratio was 2169.56. The lowest was 5.13. And the median was 26.01.

WBO:MSCI's Cyclically Adjusted PB Ratio is ranked worse than
100% of 461 companies
in the Capital Markets industry
Industry Median: 1.12 vs WBO:MSCI: 1893.04

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.

MSCI's adjusted book value per share data for the three months ended in Mar. 2024 was €-7.554. 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 €0.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSCI Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MSCI'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.

MSCI Cyclically Adjusted PB Ratio Chart

MSCI 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 30.75 61.93 101.26 126.26 633.77

MSCI 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 182.57 203.91 327.31 633.77 2,220.59

Competitive Comparison of MSCI's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, MSCI'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.


MSCI's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MSCI's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MSCI 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.

MSCI's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=442.20/0.23
=1,922.61

* 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.

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

For example, MSCI'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)
=-7.554/129.4194*129.4194
=-7.554

Current CPI (Mar. 2024) = 129.4194.

MSCI Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.542 100.560 13.567
201409 9.674 100.428 12.467
201412 10.369 99.070 13.546
201503 11.966 99.621 15.545
201506 11.552 100.684 14.849
201509 9.502 100.392 12.249
201512 8.193 99.792 10.625
201603 5.727 100.470 7.377
201606 5.014 101.688 6.381
201609 5.191 101.861 6.595
201612 3.298 101.863 4.190
201703 2.882 102.862 3.626
201706 3.034 103.349 3.799
201709 3.356 104.136 4.171
201712 3.761 104.011 4.680
201803 3.803 105.290 4.675
201806 3.338 106.317 4.063
201809 3.661 106.507 4.449
201812 -1.738 105.998 -2.122
201903 -3.308 107.251 -3.992
201906 -2.422 108.070 -2.900
201909 -1.585 108.329 -1.894
201912 -0.814 108.420 -0.972
202003 -3.831 108.902 -4.553
202006 -3.301 108.767 -3.928
202009 -3.952 109.815 -4.658
202012 -4.412 109.897 -5.196
202103 -4.908 111.754 -5.684
202106 -3.703 114.631 -4.181
202109 -2.887 115.734 -3.228
202112 -1.755 117.630 -1.931
202203 -9.835 121.301 -10.493
202206 -12.063 125.017 -12.488
202209 -13.582 125.227 -14.037
202212 -11.899 125.222 -12.298
202303 -10.515 127.348 -10.686
202306 -13.924 128.729 -13.999
202309 -12.429 129.860 -12.387
202312 -8.577 129.419 -8.577
202403 -7.554 129.419 -7.554

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.


MSCI  (WBO:MSCI) 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.


MSCI Cyclically Adjusted PB Ratio Related Terms

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


MSCI (WBO:MSCI) Business Description

Traded in Other Exchanges
Address
250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007
MSCI describes its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.3 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.

MSCI (WBO:MSCI) Headlines