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Ameriprise Financial (BSP:A1MP34) Cyclically Adjusted PB Ratio : 8.58 (As of May. 26, 2024)


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What is Ameriprise Financial Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Ameriprise Financial's current share price is R$573.44. Ameriprise Financial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$66.81. Ameriprise Financial's Cyclically Adjusted PB Ratio for today is 8.58.

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

BSP:A1MP34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.92   Med: 3.21   Max: 8.38
Current: 8.31

During the past years, Ameriprise Financial's highest Cyclically Adjusted PB Ratio was 8.38. The lowest was 1.92. And the median was 3.21.

BSP:A1MP34's Cyclically Adjusted PB Ratio is ranked worse than
96.48% of 937 companies
in the Asset Management industry
Industry Median: 0.8 vs BSP:A1MP34: 8.31

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.

Ameriprise Financial's adjusted book value per share data for the three months ended in Mar. 2024 was R$60.958. 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 R$66.81 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ameriprise Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ameriprise Financial'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.

Ameriprise Financial Cyclically Adjusted PB Ratio Chart

Ameriprise Financial 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 3.58 4.09 5.96 5.98 7.26

Ameriprise 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 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 5.83 6.30 6.25 7.26 8.26

Competitive Comparison of Ameriprise Financial's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Ameriprise 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.


Ameriprise Financial's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Ameriprise Financial 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.

Ameriprise Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=573.44/66.81
=8.58

* 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.

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

For example, Ameriprise 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)
=60.958/131.7762*131.7762
=60.958

Current CPI (Mar. 2024) = 131.7762.

Ameriprise Financial Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.094 100.560 32.884
201409 26.041 100.428 34.170
201412 29.303 99.070 38.977
201503 35.402 99.621 46.829
201506 34.272 100.684 44.856
201509 42.534 100.392 55.831
201512 40.792 99.792 53.866
201603 39.312 100.470 51.561
201606 37.395 101.688 48.460
201609 34.873 101.861 45.115
201612 34.082 101.863 44.091
201703 31.824 102.862 40.770
201706 34.257 103.349 43.680
201709 33.286 104.136 42.121
201712 33.678 104.011 42.668
201803 33.012 105.290 41.317
201806 37.333 106.317 46.273
201809 41.272 106.507 51.064
201812 39.794 105.998 49.472
201903 41.811 107.251 51.372
201906 44.271 108.070 53.983
201909 48.477 108.329 58.969
201912 47.432 108.420 57.650
202003 66.832 108.902 80.870
202006 69.906 108.767 84.694
202009 69.041 109.815 82.848
202012 64.625 109.897 77.491
202103 66.826 111.754 78.798
202106 62.539 114.631 71.893
202109 67.011 115.734 76.299
202112 75.761 117.630 84.872
202203 56.588 121.301 61.475
202206 50.087 125.017 52.795
202209 40.017 125.227 42.110
202212 47.370 125.222 49.849
202303 51.708 127.348 53.506
202306 48.162 128.729 49.302
202309 46.583 129.860 47.271
202312 57.828 129.419 58.881
202403 60.958 131.776 60.958

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.


Ameriprise Financial  (BSP:A1MP34) 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.


Ameriprise Financial Cyclically Adjusted PB Ratio Related Terms

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


Ameriprise Financial (BSP:A1MP34) Business Description

Traded in Other Exchanges
Address
1099 Ameriprise Financial Center, Minneapolis, MN, USA, 55474
Ameriprise Financial has emerged is a major player in the U.S. market for asset and wealth management, with around $1.3 trillion in total assets under management and advisement at the end of the second quarter of 2023. Ameriprise has one of the largest branded advisor networks in the industry, and about 80% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and discontinuing the sale of its proprietary fixed annuities in 2020. Around 90% of the company's pretax earnings are from the United States.

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