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B.P. Marsh & Partners (LSE:BPM) Cyclically Adjusted PB Ratio : 1.24 (As of Jun. 08, 2024)


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What is B.P. Marsh & Partners Cyclically Adjusted PB Ratio?

As of today (2024-06-08), B.P. Marsh & Partners's current share price is £4.75. B.P. Marsh & Partners's Cyclically Adjusted Book per Share for the fiscal year that ended in Jan23 was £3.83. B.P. Marsh & Partners's Cyclically Adjusted PB Ratio for today is 1.24.

The historical rank and industry rank for B.P. Marsh & Partners's Cyclically Adjusted PB Ratio or its related term are showing as below:

LSE:BPM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.96   Max: 1.4
Current: 1.21

During the past 13 years, B.P. Marsh & Partners's highest Cyclically Adjusted PB Ratio was 1.40. The lowest was 0.60. And the median was 0.96.

LSE:BPM's Cyclically Adjusted PB Ratio is ranked worse than
73.37% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs LSE:BPM: 1.21

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.

B.P. Marsh & Partners's adjusted book value per share data of for the fiscal year that ended in Jan23 was £5.060. 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 £3.83 for the trailing ten years ended in Jan23.

Shiller PE for Stocks: The True Measure of Stock Valuation


B.P. Marsh & Partners Cyclically Adjusted PB Ratio Historical Data

The historical data trend for B.P. Marsh & Partners'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.

B.P. Marsh & Partners Cyclically Adjusted PB Ratio Chart

B.P. Marsh & Partners Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 0.98 0.93 1.09 0.88

B.P. Marsh & Partners Semi-Annual Data
Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23
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 - 1.09 - 0.88 -

Competitive Comparison of B.P. Marsh & Partners's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, B.P. Marsh & Partners'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.


B.P. Marsh & Partners's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, B.P. Marsh & Partners's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where B.P. Marsh & Partners's Cyclically Adjusted PB Ratio falls into.



B.P. Marsh & Partners 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.

B.P. Marsh & Partners's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.75/3.83
=1.24

* 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.

B.P. Marsh & Partners's Cyclically Adjusted Book per Share for the fiscal year that ended in Jan23 is calculated as:

For example, B.P. Marsh & Partners's adjusted Book Value per Share data for the fiscal year that ended in Jan23 was:

Adj_Book=Book Value per Share/CPI of Jan23 (Change)*Current CPI (Jan23)
=5.06/124.8000*124.8000
=5.060

Current CPI (Jan23) = 124.8000.

B.P. Marsh & Partners Annual Data

Book Value per Share CPI Adj_Book
201401 2.006 98.700 2.536
201501 2.149 99.200 2.704
201601 2.420 99.900 3.023
201701 2.714 101.800 3.327
201801 3.369 104.500 4.023
201901 3.369 106.400 3.952
202001 3.661 108.300 4.219
202101 4.001 109.300 4.568
202201 4.448 114.600 4.844
202301 5.060 124.800 5.060

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.


B.P. Marsh & Partners  (LSE:BPM) 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.


B.P. Marsh & Partners Cyclically Adjusted PB Ratio Related Terms

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B.P. Marsh & Partners (LSE:BPM) Business Description

Traded in Other Exchanges
N/A
Address
4 Matthew Parker Street, 5th Floor, London, GBR, SW1H 9NP
B.P. Marsh & Partners PLC is a specialist venture capital/private equity investor in early stage financial services intermediary businesses, including insurance intermediaries, financial advisors, wealth and fund managers and specialist advisory and consultancy firms. The Company operates in one business segment, provision of consultancy services to, as well as making and trading investments in financial services businesses. It considers investment opportunities based in the United Kingdom, Europe, North america and internationally.

B.P. Marsh & Partners (LSE:BPM) Headlines

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