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Barings BDC (FRA:TRY) Cyclically Adjusted PB Ratio : 0.65 (As of May. 29, 2024)


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What is Barings BDC Cyclically Adjusted PB Ratio?

As of today (2024-05-29), Barings BDC's current share price is €9.08. Barings BDC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.05. Barings BDC's Cyclically Adjusted PB Ratio for today is 0.65.

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

FRA:TRY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.66   Max: 1.57
Current: 0.64

During the past years, Barings BDC's highest Cyclically Adjusted PB Ratio was 1.57. The lowest was 0.41. And the median was 0.66.

FRA:TRY's Cyclically Adjusted PB Ratio is ranked better than
64.65% of 942 companies
in the Asset Management industry
Industry Median: 0.8 vs FRA:TRY: 0.64

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.

Barings BDC's adjusted book value per share data for the three months ended in Mar. 2024 was €10.523. 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 €14.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barings BDC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Barings BDC'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.

Barings BDC Cyclically Adjusted PB Ratio Chart

Barings BDC 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 0.67 0.60 0.70 0.51 0.55

Barings BDC 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 0.50 0.49 0.56 0.55 0.60

Competitive Comparison of Barings BDC's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Barings BDC'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.


Barings BDC's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Barings BDC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Barings BDC 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.

Barings BDC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.08/14.05
=0.65

* 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.

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

For example, Barings BDC'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)
=10.523/131.7762*131.7762
=10.523

Current CPI (Mar. 2024) = 131.7762.

Barings BDC Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.743 100.560 15.388
201409 12.910 100.428 16.940
201412 13.065 99.070 17.378
201503 14.450 99.621 19.114
201506 13.786 100.684 18.043
201509 13.791 100.392 18.102
201512 13.983 99.792 18.465
201603 13.489 100.470 17.692
201606 13.186 101.688 17.088
201609 13.658 101.861 17.669
201612 14.341 101.863 18.552
201703 14.299 102.862 18.318
201706 13.196 103.349 16.826
201709 11.079 104.136 14.020
201712 11.350 104.011 14.380
201803 10.833 105.290 13.558
201806 11.727 106.317 14.535
201809 10.210 106.507 12.632
201812 9.649 105.998 11.996
201903 10.199 107.251 12.531
201906 10.256 108.070 12.506
201909 10.518 108.329 12.795
201912 10.496 108.420 12.757
202003 8.354 108.902 10.109
202006 9.081 108.767 11.002
202009 9.311 109.815 11.173
202012 9.034 109.897 10.833
202103 9.361 111.754 11.038
202106 9.456 114.631 10.870
202109 9.693 115.734 11.037
202112 10.053 117.630 11.262
202203 10.769 121.301 11.699
202206 10.796 125.017 11.380
202209 11.392 125.227 11.988
202212 10.430 125.222 10.976
202303 10.429 127.348 10.792
202306 10.464 128.729 10.712
202309 10.541 129.860 10.697
202312 10.345 129.419 10.533
202403 10.523 131.776 10.523

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.


Barings BDC  (FRA:TRY) 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.


Barings BDC Cyclically Adjusted PB Ratio Related Terms

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


Barings BDC (FRA:TRY) Business Description

Traded in Other Exchanges
Address
300 South Tryon Street, Suite 2500, Charlotte, NC, USA, 28202
Barings BDC Inc operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. The company's investment objective is to generate current income by investing directly in privately-held middle-market companies to help these companies fund acquisitions, growth or refinancing. Barings employs fundamental credit analysis and targets investments in businesses with low levels of cyclicality and operating risk relative to other businesses in this market segment. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility.

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