GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Navigators Group Inc (NAS:NAVG) » Definitions » Cyclically Adjusted Book per Share

Navigators Group (Navigators Group) Cyclically Adjusted Book per Share : $0.00 (As of Mar. 2019)


View and export this data going back to 1986. Start your Free Trial

What is Navigators Group 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.

Navigators Group's adjusted book value per share for the three months ended in Mar. 2019 was $41.054. 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 $0.00 for the trailing ten years ended in Mar. 2019.

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 (2024-05-05), Navigators Group's current stock price is $69.96. Navigators Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2019 was $0.00. Navigators Group's Cyclically Adjusted PB Ratio of today is .


Navigators Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Navigators Group'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.

Navigators Group Cyclically Adjusted Book per Share Chart

Navigators Group Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Navigators Group Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 - - - - -

Competitive Comparison of Navigators Group's Cyclically Adjusted Book per Share

For the Insurance - Property & Casualty subindustry, Navigators 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.


Navigators Group's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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



Navigators Group 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, Navigators Group's adjusted Book Value per Share data for the three months ended in Mar. 2019 was:

Adj_Book= Book Value per Share /CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=41.054/107.2505*107.2505
=41.054

Current CPI (Mar. 2019) = 107.2505.

Navigators Group Quarterly Data

Book Value per Share CPI Adj_Book
200906 22.061 91.003 26.000
200909 23.890 91.120 28.119
200912 23.789 91.111 28.003
201003 24.735 91.821 28.892
201006 25.742 91.962 30.022
201009 27.084 92.162 31.518
201012 26.342 92.474 30.551
201103 26.146 94.283 29.742
201106 27.236 95.235 30.672
201109 27.920 95.727 31.281
201112 28.784 95.213 32.423
201203 29.217 96.783 32.377
201206 30.040 96.819 33.277
201209 31.161 97.633 34.231
201212 31.306 96.871 34.660
201303 31.732 98.209 34.653
201306 30.917 98.518 33.658
201309 31.805 98.790 34.529
201312 31.771 98.326 34.655
201403 32.859 99.695 35.349
201406 34.082 100.560 36.350
201409 34.927 100.428 37.300
201412 35.964 99.070 38.934
201503 36.604 99.621 39.407
201506 36.591 100.684 38.977
201509 37.352 100.392 39.904
201512 37.979 99.792 40.817
201603 39.360 100.470 42.016
201606 40.619 101.688 42.841
201609 41.357 101.861 43.545
201612 40.454 101.863 42.594
201703 40.940 102.862 42.687
201706 42.211 103.349 43.804
201709 41.494 104.136 42.735
201712 41.548 104.011 42.842
201803 40.961 105.290 41.724
201806 41.494 106.317 41.858
201809 41.375 106.507 41.664
201812 39.851 105.998 40.322
201903 41.054 107.251 41.054

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


Navigators Group  (NAS:NAVG) 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.


Be Aware

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


Navigators Group Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Navigators Group's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Navigators Group (Navigators Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
400 Atlantic Street, Stamford, CT, USA, 06901
Navigators Group is a property and casualty insurance company that operates multiple segments, including marine, property and casualty, and professional liabilities. Navigators splits these segments apart by region according to either United States exposure or international exposure. The vast majority of the company's revenue comes from its United States property and casualty business. Navigators distributes its products through a network of insurance brokers. The company considers merger and acquisition investment as a component of its operational growth strategy.
Executives
Meryl D Hartzband director C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901
Patricia H Roberts director C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901
Denise Lowsley officer: SVP, Chief HR Officer C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653
Loriann Lowery-biggers officer: SVP,Chief Marketing Officer BALDWIN & LYONS, INC. 111 CONGRESSIONAL BLVD. CARMEL IN 46032
Bruce J Byrnes officer: SVP & General Counsel 399 THORNAL STREET, EDISON NJ 08837
W Thomas Forrester director 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143