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Sirius XM Holdings (BSP:SRXM34) Cyclically Adjusted PB Ratio : (As of May. 23, 2024)


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What is Sirius XM Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sirius XM Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sirius XM Holdings'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.

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Sirius XM Holdings Cyclically Adjusted PB Ratio Chart

Sirius XM Holdings 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 66.36 84.00 - - -

Sirius XM Holdings 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 - - - - -

Competitive Comparison of Sirius XM Holdings's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, Sirius XM Holdings'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.


Sirius XM Holdings's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sirius XM Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sirius XM Holdings 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.

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

For example, Sirius XM Holdings'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)
=-3.068/131.7762*131.7762
=-3.068

Current CPI (Mar. 2024) = 131.7762.

Sirius XM Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.582 100.560 0.763
201409 0.495 100.428 0.650
201412 0.613 99.070 0.815
201503 0.507 99.621 0.671
201506 0.259 100.684 0.339
201509 0.045 100.392 0.059
201512 -0.126 99.792 -0.166
201603 -0.418 100.470 -0.548
201606 -0.543 101.688 -0.704
201609 -0.340 101.861 -0.440
201612 -0.560 101.863 -0.724
201703 -0.615 102.862 -0.788
201706 -0.742 103.349 -0.946
201709 -0.715 104.136 -0.905
201712 -1.109 104.011 -1.405
201803 -1.145 105.290 -1.433
201806 -1.152 106.317 -1.428
201809 -1.270 106.507 -1.571
201812 -1.624 105.998 -2.019
201903 0.127 107.251 0.156
201906 -0.420 108.070 -0.512
201909 -0.695 108.329 -0.845
201912 -0.685 108.420 -0.833
202003 -0.834 108.902 -1.009
202006 -0.796 108.767 -0.964
202009 -1.150 109.815 -1.380
202012 -2.817 109.897 -3.378
202103 -3.573 111.754 -4.213
202106 -3.116 114.631 -3.582
202109 -3.357 115.734 -3.822
202112 -3.742 117.630 -4.192
202203 -4.531 121.301 -4.922
202206 -4.623 125.017 -4.873
202209 -4.868 125.227 -5.123
202212 -4.517 125.222 -4.753
202303 -4.377 127.348 -4.529
202306 -3.928 128.729 -4.021
202309 -3.721 129.860 -3.776
202312 -3.270 129.419 -3.330
202403 -3.068 131.776 -3.068

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.


Sirius XM Holdings  (BSP:SRXM34) 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.


Sirius XM Holdings Cyclically Adjusted PB Ratio Related Terms

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Sirius XM Holdings (BSP:SRXM34) Business Description

Traded in Other Exchanges
Address
1221 Avenue of the Americas, 35th Floor, New York, NY, USA, 10020
Sirius XM Holdings is composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the U.S. and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service as well as a robust and growing podcast library. Liberty Media owns 81% of Sirius XM, traded through its Liberty Sirius XM Group tracking stock.

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