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Liquidity Services (FRA:L1S) Cyclically Adjusted PB Ratio : 3.09 (As of Jun. 09, 2024)


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What is Liquidity Services Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Liquidity Services's current share price is €17.60. Liquidity Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €5.69. Liquidity Services's Cyclically Adjusted PB Ratio for today is 3.09.

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

FRA:L1S' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.4   Max: 3.96
Current: 3.07

During the past years, Liquidity Services's highest Cyclically Adjusted PB Ratio was 3.96. The lowest was 0.45. And the median was 1.40.

FRA:L1S's Cyclically Adjusted PB Ratio is ranked worse than
78.23% of 767 companies
in the Retail - Cyclical industry
Industry Median: 1.17 vs FRA:L1S: 3.07

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.

Liquidity Services's adjusted book value per share data for the three months ended in Mar. 2024 was €4.945. 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 €5.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Liquidity Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Liquidity Services'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.

Liquidity Services Cyclically Adjusted PB Ratio Chart

Liquidity Services Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.09 3.10 2.32 2.68

Liquidity Services 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 1.93 2.46 2.68 2.71 2.97

Competitive Comparison of Liquidity Services's Cyclically Adjusted PB Ratio

For the Internet Retail subindustry, Liquidity Services'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.


Liquidity Services's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Liquidity Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Liquidity Services 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.

Liquidity Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.60/5.69
=3.09

* 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.

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

For example, Liquidity Services'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)
=4.945/131.7762*131.7762
=4.945

Current CPI (Mar. 2024) = 131.7762.

Liquidity Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.904 100.560 10.358
201409 8.291 100.428 10.879
201412 6.870 99.070 9.138
201503 7.908 99.621 10.460
201506 7.773 100.684 10.173
201509 6.410 100.392 8.414
201512 6.383 99.792 8.429
201603 6.325 100.470 8.296
201606 6.317 101.688 8.186
201609 4.713 101.861 6.097
201612 4.719 101.863 6.105
201703 4.461 102.862 5.715
201706 4.058 103.349 5.174
201709 3.532 104.136 4.469
201712 3.512 104.011 4.450
201803 3.248 105.290 4.065
201806 3.341 106.317 4.141
201809 3.390 106.507 4.194
201812 3.351 105.998 4.166
201903 3.303 107.251 4.058
201906 3.200 108.070 3.902
201909 3.131 108.329 3.809
201912 2.986 108.420 3.629
202003 2.879 108.902 3.484
202006 2.877 108.767 3.486
202009 2.831 109.815 3.397
202012 2.836 109.897 3.401
202103 2.679 111.754 3.159
202106 2.860 114.631 3.288
202109 3.453 115.734 3.932
202112 3.659 117.630 4.099
202203 3.753 121.301 4.077
202206 4.306 125.017 4.539
202209 4.891 125.227 5.147
202212 4.636 125.222 4.879
202303 4.559 127.348 4.718
202306 4.687 128.729 4.798
202309 4.929 129.860 5.002
202312 4.942 129.419 5.032
202403 4.945 131.776 4.945

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.


Liquidity Services  (FRA:L1S) 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.


Liquidity Services Cyclically Adjusted PB Ratio Related Terms

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


Liquidity Services (FRA:L1S) Business Description

Traded in Other Exchanges
Address
6931 Arlington Road, Suite 460, Bethesda, MD, USA, 20814
Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.

Liquidity Services (FRA:L1S) Headlines

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