GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Netflix Inc (BUE:NFLX) » Definitions » Cyclically Adjusted PB Ratio

Netflix (BUE:NFLX) Cyclically Adjusted PB Ratio : 31.26 (As of May. 26, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Netflix Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Netflix's current share price is ARS16596.50. Netflix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ARS530.95. Netflix's Cyclically Adjusted PB Ratio for today is 31.26.

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

BUE:NFLX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.53   Med: 54.44   Max: 120.2
Current: 27.76

During the past years, Netflix's highest Cyclically Adjusted PB Ratio was 120.20. The lowest was 12.53. And the median was 54.44.

BUE:NFLX's Cyclically Adjusted PB Ratio is ranked worse than
98.79% of 663 companies
in the Media - Diversified industry
Industry Median: 1.11 vs BUE:NFLX: 27.76

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.

Netflix's adjusted book value per share data for the three months ended in Mar. 2024 was ARS41,767.564. 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 ARS530.95 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Netflix Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Netflix'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.

Netflix Cyclically Adjusted PB Ratio Chart

Netflix 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 55.92 68.49 51.69 17.78 22.36

Netflix 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 19.16 22.68 18.19 22.36 26.07

Competitive Comparison of Netflix's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, Netflix'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.


Netflix's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

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

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



Netflix 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.

Netflix's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16596.50/530.95
=31.26

* 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.

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

For example, Netflix'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)
=41767.564/131.7762*131.7762
=41,767.564

Current CPI (Mar. 2024) = 131.7762.

Netflix Quarterly Data

Book Value per Share CPI Adj_Book
201406 31.093 100.560 40.745
201409 34.434 100.428 45.183
201412 37.562 99.070 49.963
201503 39.682 99.621 52.490
201506 43.343 100.684 56.728
201509 47.680 100.392 62.586
201512 67.247 99.792 88.800
201603 79.014 100.470 103.634
201606 78.775 101.688 102.083
201609 87.905 101.861 113.722
201612 98.782 101.863 127.791
201703 106.371 102.862 136.271
201706 118.863 103.349 151.557
201709 134.742 104.136 170.506
201712 157.819 104.011 199.948
201803 186.385 105.290 233.272
201806 257.535 106.317 319.206
201809 422.739 106.507 523.037
201812 452.423 105.998 562.451
201903 509.919 107.251 626.526
201906 623.042 108.070 759.716
201909 875.609 108.329 1,065.126
201912 1,032.830 108.420 1,255.325
202003 1,186.861 108.902 1,436.160
202006 1,449.060 108.767 1,755.598
202009 1,736.430 109.815 2,083.689
202012 2,033.189 109.897 2,437.977
202103 2,617.591 111.754 3,086.556
202106 2,967.321 114.631 3,411.127
202109 3,380.644 115.734 3,849.234
202112 3,605.290 117.630 4,038.880
202203 4,240.040 121.301 4,606.197
202206 5,161.639 125.017 5,440.718
202209 6,409.566 125.227 6,744.804
202212 7,821.611 125.222 8,231.012
202303 9,700.340 127.348 10,037.660
202306 12,365.494 128.729 12,658.232
202309 17,676.303 129.860 17,937.202
202312 17,174.371 129.419 17,487.126
202403 41,767.564 131.776 41,767.564

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.


Netflix  (BUE:NFLX) 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.


Netflix Cyclically Adjusted PB Ratio Related Terms

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


Netflix (BUE:NFLX) Business Description

Address
121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Netflix (BUE:NFLX) Headlines

From GuruFocus

Q2 2023 Netflix Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2019 Netflix Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Netflix Inc Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q3 2022 Netflix Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2023 Netflix Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2022 Netflix Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2020 Netflix Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024