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Lee Enterprises (FRA:LE70) Cyclically Adjusted PB Ratio : (As of Jun. 01, 2024)


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What is Lee Enterprises Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lee Enterprises Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lee Enterprises'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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Lee Enterprises Cyclically Adjusted PB Ratio Chart

Lee Enterprises Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
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Lee Enterprises Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Lee Enterprises's Cyclically Adjusted PB Ratio

For the Publishing subindustry, Lee Enterprises'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.


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

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

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



Lee Enterprises 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.

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

For example, Lee Enterprises'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)
=1.184/131.7762*131.7762
=1.184

Current CPI (Mar. 2024) = 131.7762.

Lee Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201406 -22.716 100.560 -29.768
201409 -25.736 100.428 -33.769
201412 -25.033 99.070 -33.297
201503 -28.114 99.621 -37.188
201506 -26.576 100.684 -34.783
201509 -25.973 100.392 -34.093
201512 -24.419 99.792 -32.245
201603 -20.600 100.470 -27.019
201606 -19.638 101.688 -25.449
201609 -20.527 101.861 -26.556
201612 -19.696 101.863 -25.480
201703 -17.893 102.862 -22.923
201706 -15.950 103.349 -20.337
201709 -13.645 104.136 -17.267
201712 -8.515 104.011 -10.788
201803 -7.746 105.290 -9.695
201806 -7.399 106.317 -9.171
201809 -5.602 106.507 -6.931
201812 -4.141 105.998 -5.148
201903 -4.482 107.251 -5.507
201906 -3.468 108.070 -4.229
201909 -6.062 108.329 -7.374
201912 -5.059 108.420 -6.149
202003 -5.862 108.902 -7.093
202006 -5.804 108.767 -7.032
202009 -4.592 109.815 -5.510
202012 -2.008 109.897 -2.408
202103 -2.116 111.754 -2.495
202106 -1.491 114.631 -1.714
202109 5.932 115.734 6.754
202112 9.049 117.630 10.137
202203 8.098 121.301 8.797
202206 8.292 125.017 8.740
202209 2.535 125.227 2.668
202212 2.488 125.222 2.618
202303 1.605 127.348 1.661
202306 1.856 128.729 1.900
202309 3.282 129.860 3.330
202312 2.946 129.419 3.000
202403 1.184 131.776 1.184

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.


Lee Enterprises  (FRA:LE70) 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.


Lee Enterprises Cyclically Adjusted PB Ratio Related Terms

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Lee Enterprises (FRA:LE70) Business Description

Traded in Other Exchanges
Address
4600 E 53rd Street, Davenport, IA, USA, 52807
Lee Enterprises Inc is a local news publication company in the United States. It is a digital-first subscription business providing local markets with valuable, high quality, trusted, intensely local news, information, advertising and marketing services. Its product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche products, all delivering original local news and information as well as national and international news. The products offer digital and print editions, and its content and advertising is available in real time through the websites and mobile apps.

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