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MGHL (Morgan Group Holding Co) Cyclically Adjusted Book per Share : $5.23 (As of Sep. 2023)


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What is Morgan Group Holding Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Morgan Group Holding Co's adjusted book value per share for the three months ended in Sep. 2023 was $1.998. 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 $5.23 for the trailing ten years ended in Sep. 2023.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-10-31), Morgan Group Holding Co's current stock price is $0.45. Morgan Group Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $5.23. Morgan Group Holding Co's Cyclically Adjusted PB Ratio of today is 0.09.


Morgan Group Holding Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Morgan Group Holding Co's Cyclically Adjusted Book per Share 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.

Morgan Group Holding Co Cyclically Adjusted Book per Share Chart

Morgan Group Holding Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.21 7.27 6.75 6.32 5.77

Morgan Group Holding Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted Book per Share 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 6.01 5.77 5.62 5.43 5.23

Competitive Comparison of Morgan Group Holding Co's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Morgan Group Holding Co'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.


Morgan Group Holding Co's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

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

* The bar in red indicates where Morgan Group Holding Co's Cyclically Adjusted PB Ratio falls into.



Morgan Group Holding Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Morgan Group Holding Co'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)
=1.998/129.8595*129.8595
=1.998

Current CPI (Sep. 2023) = 129.8595.

Morgan Group Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201312 8.782 98.326 11.598
201403 7.353 99.695 9.578
201406 6.550 100.560 8.458
201409 6.222 100.428 8.045
201412 5.627 99.070 7.376
201503 4.853 99.621 6.326
201506 4.495 100.684 5.798
201509 4.108 100.392 5.314
201512 3.692 99.792 4.804
201603 2.977 100.470 3.848
201606 2.620 101.688 3.346
201609 2.292 101.861 2.922
201612 2.024 101.863 2.580
201703 1.310 102.862 1.654
201706 1.012 103.349 1.272
201709 0.714 104.136 0.890
201712 0.387 104.011 0.483
201803 3.416 105.290 4.213
201806 3.190 106.317 3.896
201809 3.005 106.507 3.664
201812 2.820 105.998 3.455
201903 2.346 107.251 2.841
201906 2.120 108.070 2.547
201909 1.461 108.329 1.751
201912 10.060 108.420 12.049
202003 9.590 108.902 11.436
202006 9.072 108.767 10.831
202009 8.632 109.815 10.208
202012 7.677 109.897 9.072
202103 6.741 111.754 7.833
202106 5.539 114.631 6.275
202109 4.961 115.734 5.566
202112 5.059 117.630 5.585
202203 4.481 121.301 4.797
202206 3.896 125.017 4.047
202209 3.581 125.227 3.713
202212 3.478 125.222 3.607
202303 3.018 127.348 3.078
202306 2.385 128.729 2.406
202309 1.998 129.860 1.998

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Morgan Group Holding Co  (OTCPK:MGHL) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Morgan Group Holding Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.45/5.23
=0.09

* 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.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Morgan Group Holding Co Cyclically Adjusted Book per Share Related Terms

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Morgan Group Holding Co Business Description

Traded in Other Exchanges
N/A
Address
401 Theodore Fremd Avenue, Rye, NY, USA, 10580
Morgan Group Holding Co through its wholly own subsidiary operates in institutional research and securities brokerage business. It provides underwriting and institutional research services. The firm derives revenue from institutional research services, underwriting fees and selling concessions.
Executives
Claudia B Carucci 10 percent owner 17 EAGLE ISLAND PLACE, SHELDON SC 29941-3017
Uncle Mills Partners, Llc 10 percent owner 17 EAGLE ISLAND PLACE, SHELDON SC 29941-3017
Bernard Zimmerman 10 percent owner, other: See Remarks 18 HIGH MEADOW RD, WESTON CT 06883
Carucci Walter P /ny 10 percent owner, other: See Remarks C/O CARR SECURITIES CORP, 14 VANDERVENTER AVENUE, SUITE 210, PORT WASHINGTON NY 11050

Morgan Group Holding Co Headlines