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Medallion Financial (STU:MD5) Cyclically Adjusted Book per Share : €12.35 (As of Mar. 2024)


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What is Medallion Financial 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.

Medallion Financial's adjusted book value per share for the three months ended in Mar. 2024 was €13.736. 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 €12.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Medallion Financial's average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Medallion Financial was 5.30% per year. The lowest was -2.50% per year. And the median was 0.90% per year.

As of today (2024-06-07), Medallion Financial's current stock price is €7.50. Medallion Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.35. Medallion Financial's Cyclically Adjusted PB Ratio of today is 0.61.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Medallion Financial was 1.66. The lowest was 0.12. And the median was 0.60.


Medallion Financial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Medallion Financial'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.

Medallion Financial Cyclically Adjusted Book per Share Chart

Medallion Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.86 9.72 12.19 11.78 11.98

Medallion Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 11.92 11.87 12.65 11.98 12.35

Competitive Comparison of Medallion Financial's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Medallion Financial'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.


Medallion Financial's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

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

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



Medallion Financial 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, Medallion Financial'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)
=13.736/131.7762*131.7762
=13.736

Current CPI (Mar. 2024) = 131.7762.

Medallion Financial Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.102 100.560 10.617
201409 8.574 100.428 11.250
201412 9.048 99.070 12.035
201503 10.309 99.621 13.636
201506 10.036 100.684 13.135
201509 10.134 100.392 13.302
201512 10.485 99.792 13.845
201603 10.293 100.470 13.500
201606 10.153 101.688 13.157
201609 10.345 101.861 13.383
201612 11.289 101.863 14.604
201703 11.136 102.862 14.266
201706 10.366 103.349 13.217
201709 9.801 104.136 12.402
201712 9.968 104.011 12.629
201803 9.041 105.290 11.315
201806 9.026 106.317 11.187
201809 8.869 106.507 10.973
201812 9.447 105.998 11.744
201903 9.523 107.251 11.701
201906 9.284 108.070 11.321
201909 9.722 108.329 11.826
201912 9.609 108.420 11.679
202003 9.125 108.902 11.042
202006 8.861 108.767 10.735
202009 7.680 109.815 9.216
202012 7.646 109.897 9.168
202103 8.044 111.754 9.485
202106 8.303 114.631 9.545
202109 9.057 115.734 10.312
202112 10.091 117.630 11.305
202203 10.439 121.301 11.340
202206 11.476 125.017 12.096
202209 12.681 125.227 13.344
202212 12.351 125.222 12.997
202303 12.276 127.348 12.703
202306 12.611 128.729 12.910
202309 13.173 129.860 13.367
202312 13.413 129.419 13.657
202403 13.736 131.776 13.736

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


Medallion Financial  (STU:MD5) 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.

Medallion Financial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.50/12.35
=0.61

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Medallion Financial was 1.66. The lowest was 0.12. And the median was 0.60.


Be Aware

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


Medallion Financial Cyclically Adjusted Book per Share Related Terms

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


Medallion Financial (STU:MD5) Business Description

Traded in Other Exchanges
Address
437 Madison Avenue, 38th Floor, New York, NY, USA, 10022
Medallion Financial Corp is a finance company that originates and services loans in various industries. Its operating segments include recreation, home improvement, commercial lending, medallion lending and Corporate and Other Investments. The company generates maximum revenue from the Recreation segment.

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