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As of today (2024-05-19), Rand Capital's current share price is $14.95. Rand Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $43.35. Rand Capital's Cyclically Adjusted PB Ratio for today is 0.34.
The historical rank and industry rank for Rand Capital's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Rand Capital's highest Cyclically Adjusted PB Ratio was 0.77. The lowest was 0.24. And the median was 0.41.
RAND's Cyclically Adjusted PB Ratio is ranked better thanThe 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.
Rand Capital's adjusted book value per share data for the three months ended in Mar. 2024 was $23.855. 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 $43.35 for the trailing ten years ended in Mar. 2024.
The historical data trend for Rand Capital'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.
Rand Capital 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 | 0.30 | 0.29 | 0.30 | 0.30 | 0.32 |
For the Asset Management subindustry, Rand Capital'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.
For the Asset Management industry and Financial Services sector, Rand Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Rand Capital's Cyclically Adjusted PB Ratio falls into.
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.
Rand Capital's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 14.95 | / | 43.35 | |
= | 0.34 |
* 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.
Rand Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Rand Capital'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) |
= | 23.855 | / | 131.7762 | * | 131.7762 | |
= | 23.855 |
Current CPI (Mar. 2024) = 131.7762.
Rand Capital Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201406 | 39.890 | 100.560 | 52.273 |
201409 | 40.260 | 100.428 | 52.827 |
201412 | 46.010 | 99.070 | 61.200 |
201503 | 46.266 | 99.621 | 61.199 |
201506 | 46.470 | 100.684 | 60.820 |
201509 | 46.878 | 100.392 | 61.533 |
201512 | 48.145 | 99.792 | 63.576 |
201603 | 47.835 | 100.470 | 62.740 |
201606 | 47.553 | 101.688 | 61.623 |
201609 | 46.758 | 101.861 | 60.490 |
201612 | 46.451 | 101.863 | 60.092 |
201703 | 45.940 | 102.862 | 58.853 |
201706 | 45.036 | 103.349 | 57.424 |
201709 | 45.117 | 104.136 | 57.092 |
201712 | 45.440 | 104.011 | 57.570 |
201803 | 44.698 | 105.290 | 55.942 |
201806 | 43.800 | 106.317 | 54.289 |
201809 | 43.545 | 106.507 | 53.876 |
201812 | 44.878 | 105.998 | 55.792 |
201903 | 45.527 | 107.251 | 55.938 |
201906 | 43.608 | 108.070 | 53.174 |
201909 | 39.509 | 108.329 | 48.060 |
201912 | 32.934 | 108.420 | 40.029 |
202003 | 33.198 | 108.902 | 40.171 |
202006 | 19.212 | 108.767 | 23.276 |
202009 | 19.320 | 109.815 | 23.184 |
202012 | 17.855 | 109.897 | 21.410 |
202103 | 20.865 | 111.754 | 24.603 |
202106 | 22.508 | 114.631 | 25.874 |
202109 | 23.309 | 115.734 | 26.540 |
202112 | 23.535 | 117.630 | 26.365 |
202203 | 23.226 | 121.301 | 25.232 |
202206 | 22.342 | 125.017 | 23.550 |
202209 | 22.620 | 125.227 | 23.803 |
202212 | 22.364 | 125.222 | 23.535 |
202303 | 23.004 | 127.348 | 23.804 |
202306 | 23.790 | 128.729 | 24.353 |
202309 | 23.770 | 129.860 | 24.121 |
202312 | 23.562 | 129.419 | 23.991 |
202403 | 23.855 | 131.776 | 23.855 |
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.
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.
Thank you for viewing the detailed overview of Rand Capital's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Benjamin E Godley | director | RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203 |
Adam Samuel Gusky | director | RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203 |
Cari L Jaroslawsky | director | C/O HARTER SECREST & EMERY LLP, 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604 |
Daniel P Penberthy | officer: EVP and CFO | C/O RAND CAPITAL CORP, 2200 RAND BLDG, BUFFALO NY 14203 |
Robert M Zak | director | 250 MAIN STREET, BUFFALO NY 14202 |
Erland E Kailbourne | director | C/O RAND CAPITAL CORP, 2200 RAND BUILDING, BUFFFALO NY 14203 |
Heather Eastgate | officer: Chief Compliance Officer | C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO NY 14203 |
East Asset Management, Llc | 10 percent owner | 777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487 |
Nancy Marie Stone | officer: Chief Compliance Officer | C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO NY 14203 |
Margaret Brechtel | officer: EVP, Treas., CFO & Sec. | C/O RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 1405, BUFFALO NY 14203 |
User-friendly Holding, Llc | 10 percent owner | 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380 |
User-friendly Phone Book, Llc | 10 percent owner | 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380 |
Newman Reginald B Ii | director | PRIOR AVIATION SERVICE INC., 50 NORTH AIRPORT DRIVE, BUFFALO NY 14225 |
Utility Service Holding Co., Inc. | 10 percent owner | P.O. BOX 240, WARTHEN GA 31094 |
Colmac Holdings Ltd | 10 percent owner | 8 KING STREET EAST, SUITE 1901, TORONTO A6 M5C 1B5 |
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