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Mapfre (FRA:CMAB) Cyclically Adjusted PB Ratio : 0.70 (As of May. 24, 2024)


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What is Mapfre Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Mapfre's current share price is €2.224. Mapfre's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €3.20. Mapfre's Cyclically Adjusted PB Ratio for today is 0.70.

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

FRA:CMAB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.63   Max: 1.12
Current: 0.73

During the past years, Mapfre's highest Cyclically Adjusted PB Ratio was 1.12. The lowest was 0.47. And the median was 0.63.

FRA:CMAB's Cyclically Adjusted PB Ratio is ranked better than
72.46% of 414 companies
in the Insurance industry
Industry Median: 1.18 vs FRA:CMAB: 0.73

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.

Mapfre's adjusted book value per share data for the three months ended in Dec. 2023 was €2.763. 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 €3.20 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mapfre Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mapfre'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.

Mapfre Cyclically Adjusted PB Ratio Chart

Mapfre 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 0.85 0.57 0.60 0.58 0.60

Mapfre Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Dec23
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 0.53 0.51 0.58 0.57 0.60

Competitive Comparison of Mapfre's Cyclically Adjusted PB Ratio

For the Insurance - Diversified subindustry, Mapfre'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.


Mapfre's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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



Mapfre 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.224/3.2
=0.70

* 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.

Mapfre's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Mapfre's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.763/121.2997*121.2997
=2.763

Current CPI (Dec. 2023) = 121.2997.

Mapfre Quarterly Data

Book Value per Share CPI Adj_Book
201309 2.599 100.597 3.134
201312 2.544 101.306 3.046
201403 2.646 100.139 3.205
201406 2.755 101.081 3.306
201409 2.912 100.441 3.517
201412 2.972 100.251 3.596
201503 3.032 99.474 3.697
201506 2.832 101.138 3.397
201509 2.799 99.559 3.410
201512 2.785 100.268 3.369
201603 2.785 98.638 3.425
201606 2.934 100.333 3.547
201609 3.004 99.737 3.653
201612 2.993 101.842 3.565
201703 2.968 100.896 3.568
201706 2.906 101.848 3.461
201709 2.880 101.524 3.441
201712 2.821 102.975 3.323
201803 2.773 102.122 3.294
201806 2.819 104.165 3.283
201809 2.706 103.818 3.162
201812 2.617 104.193 3.047
201903 2.710 103.488 3.176
201906 2.896 104.612 3.358
201909 2.946 103.905 3.439
201912 2.875 105.015 3.321
202003 2.578 103.469 3.022
202006 2.736 104.254 3.183
202009 2.759 103.521 3.233
202012 2.799 104.456 3.250
202103 2.718 104.857 3.144
202106 2.789 107.102 3.159
202109 2.771 107.669 3.122
202112 2.748 111.298 2.995
202203 2.598 115.153 2.737
202206 2.498 118.044 2.567
202209 2.485 117.221 2.571
202212 2.548 117.650 2.627
202306 2.672 120.278 2.695
202312 2.763 121.300 2.763

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.


Mapfre  (FRA:CMAB) 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.


Mapfre Cyclically Adjusted PB Ratio Related Terms

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


Mapfre (FRA:CMAB) Business Description

Industry
Address
Carretera de Pozuelo 52, Majadahonda, ESP, 28222
Mapfre SA engaged in insurance activity in its various lines of business, both life and non-life, finance, securities investment, and services. It has Insurance business units in Iberia, Brazil, Latam north, Latam south, North America and Eurasia also Assistance unit, Global risks unit and Reinsurance unit around the world. Key revenue comes from Iberia. Mapfre also provides health and other non-life insurance policies.

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