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Learning Tree International (FRA:LT2) Cyclically Adjusted PB Ratio : (As of May. 21, 2024)


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What is Learning Tree International Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Learning Tree International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Learning Tree International'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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Learning Tree International Cyclically Adjusted PB Ratio Chart

Learning Tree International Annual Data
Trend Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18
Cyclically Adjusted PB Ratio
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Learning Tree International Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of Learning Tree International's Cyclically Adjusted PB Ratio

For the Education & Training Services subindustry, Learning Tree International'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.


Learning Tree International's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Learning Tree International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Learning Tree International 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.

Learning Tree International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Learning Tree International's adjusted Book Value per Share data for the three months ended in Sep. 2018 was:

Adj_Book=Book Value per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=-0.902/106.5067*106.5067
=-0.902

Current CPI (Sep. 2018) = 106.5067.

Learning Tree International Quarterly Data

Book Value per Share CPI Adj_Book
200812 3.601 88.697 4.324
200903 3.552 89.744 4.215
200906 3.372 91.003 3.946
200909 3.093 91.120 3.615
200912 3.191 91.111 3.730
201003 3.314 91.821 3.844
201006 3.835 91.962 4.442
201009 1.903 92.162 2.199
201012 2.047 92.474 2.358
201103 1.897 94.283 2.143
201106 1.894 95.235 2.118
201109 2.036 95.727 2.265
201112 2.229 95.213 2.493
201203 2.120 96.783 2.333
201206 1.750 96.819 1.925
201209 1.411 97.633 1.539
201212 1.329 96.871 1.461
201303 1.073 98.209 1.164
201306 0.981 98.518 1.061
201309 0.889 98.790 0.958
201312 0.908 98.326 0.984
201403 0.660 99.695 0.705
201406 0.537 100.560 0.569
201409 0.927 100.428 0.983
201412 0.868 99.070 0.933
201503 0.453 99.621 0.484
201506 0.165 100.684 0.175
201509 0.205 100.392 0.217
201512 0.041 99.792 0.044
201603 -0.316 100.470 -0.335
201606 -0.508 101.688 -0.532
201609 -0.660 101.861 -0.690
201612 -0.756 101.863 -0.790
201703 -0.903 102.862 -0.935
201706 -0.903 103.349 -0.931
201709 -0.750 104.136 -0.767
201712 -0.726 104.011 -0.743
201803 -0.838 105.290 -0.848
201806 -0.916 106.317 -0.918
201809 -0.902 106.507 -0.902

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.


Learning Tree International  (FRA:LT2) 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.


Learning Tree International Cyclically Adjusted PB Ratio Related Terms

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Learning Tree International (FRA:LT2) Business Description

Traded in Other Exchanges
N/A
Address
13650 Dulles Technology Drive, Suite 400, Herndon, VA, USA, 20171
Learning Tree International Inc provides education and training in information technology. Its proprietary library of course titles focuses on client-server systems, computer networks, operating systems, databases, programming, graphical user interfaces, object-oriented technology, and IT management. Its courses are offered in hotels, conference facilities, and customer sites.

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