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Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Cyclically Adjusted PB Ratio : 3.74 (As of Jun. 01, 2024)


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What is Lindblad Expeditions Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Lindblad Expeditions Holdings's current share price is $7.74. Lindblad Expeditions Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.07. Lindblad Expeditions Holdings's Cyclically Adjusted PB Ratio for today is 3.74.

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

LIND' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.73   Med: 3.27   Max: 4.89
Current: 3.74

During the past years, Lindblad Expeditions Holdings's highest Cyclically Adjusted PB Ratio was 4.89. The lowest was 1.73. And the median was 3.27.

LIND's Cyclically Adjusted PB Ratio is ranked worse than
79.74% of 607 companies
in the Travel & Leisure industry
Industry Median: 1.39 vs LIND: 3.74

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.

Lindblad Expeditions Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was $-4.253. 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 $2.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lindblad Expeditions Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lindblad Expeditions Holdings'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.

Lindblad Expeditions Holdings Cyclically Adjusted PB Ratio Chart

Lindblad Expeditions Holdings 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 - - 4.11 2.23 4.70

Lindblad Expeditions Holdings 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 2.79 3.51 2.60 4.70 4.51

Competitive Comparison of Lindblad Expeditions Holdings's Cyclically Adjusted PB Ratio

For the Travel Services subindustry, Lindblad Expeditions Holdings'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.


Lindblad Expeditions Holdings's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Lindblad Expeditions Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Lindblad Expeditions Holdings 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.

Lindblad Expeditions Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.74/2.07
=3.74

* 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.

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

For example, Lindblad Expeditions Holdings'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)
=-4.253/131.7762*131.7762
=-4.253

Current CPI (Mar. 2024) = 131.7762.

Lindblad Expeditions Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.989 100.560 10.469
201409 7.979 100.428 10.470
201412 7.969 99.070 10.600
201503 7.912 99.621 10.466
201506 7.881 100.684 10.315
201509 2.622 100.392 3.442
201512 2.519 99.792 3.326
201603 2.583 100.470 3.388
201606 2.554 101.688 3.310
201609 2.741 101.861 3.546
201612 2.493 101.863 3.225
201703 2.519 102.862 3.227
201706 2.501 103.349 3.189
201709 2.769 104.136 3.504
201712 2.374 104.011 3.008
201803 2.490 105.290 3.116
201806 2.511 106.317 3.112
201809 2.650 106.507 3.279
201812 2.554 105.998 3.175
201903 2.821 107.251 3.466
201906 2.858 108.070 3.485
201909 2.580 108.329 3.138
201912 2.484 108.420 3.019
202003 2.167 108.902 2.622
202006 1.688 108.767 2.045
202009 1.206 109.815 1.447
202012 0.702 109.897 0.842
202103 0.083 111.754 0.098
202106 -0.657 114.631 -0.755
202109 -1.137 115.734 -1.295
202112 -1.548 117.630 -1.734
202203 -2.425 121.301 -2.634
202206 -2.601 125.017 -2.742
202209 -2.917 125.227 -3.070
202212 -3.440 125.222 -3.620
202303 -3.350 127.348 -3.466
202306 -3.847 128.729 -3.938
202309 -3.719 129.860 -3.774
202312 -4.220 129.419 -4.297
202403 -4.253 131.776 -4.253

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.


Lindblad Expeditions Holdings  (NAS:LIND) 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.


Lindblad Expeditions Holdings Cyclically Adjusted PB Ratio Related Terms

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


Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Business Description

Traded in Other Exchanges
Address
96 Morton Street, 9th Floor, New York, NY, USA, 10014
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand.
Executives
Alex P Schultz director C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Smith, Jr. Thomas S. director 2 PENN PLAZA, NEW YORK NY 10121
Fahey John M Jr director C/O NATINAL GEOGRAPHIC, 1146 17TH STREET NW, WASHINTON DC 20036
Catherine B Reynolds director PO BOX 9870, MCLEAN VA 22102
L. Dyson Dryden director 305 WEST PENNSYLVANIA AVENUE, TOWSON MD 21204
Michael Elliott Bisnow director C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Sven-olof Lindblad director, 10 percent owner 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Bernard W Aronson director
Mark Ein director
Noah Brodsky officer: Chief Commercial Officer C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Dolf A Berle director, officer: CEO 2481 MANANA DRIVE, DALLAS TX 75220
Benjamin Bressler officer: President of Natural Habitat 833 WEST SOUTH BOULDER ROAD, BLDG G, LOUISVILLE CO 80027-2452
Trey Byus officer: Chief Expedition Officer 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Craig Felenstein officer: Chief Financial Officer 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
David Goodman officer: Chief Commercial and Marketing 1334 YORK AVENUE, NEW YORK X1 10021