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P10 Holdings (STU:AC3B) Cyclically Adjusted PB Ratio : (As of May. 22, 2024)


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What is P10 Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


P10 Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for P10 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.

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P10 Holdings Cyclically Adjusted PB Ratio Chart

P10 Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted PB Ratio
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P10 Holdings Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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Competitive Comparison of P10 Holdings's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, P10 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.


P10 Holdings's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, P10 Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where P10 Holdings's Cyclically Adjusted PB Ratio falls into.



P10 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.

P10 Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2020 is calculated as:

For example, P10 Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2020 was:

Adj_Book=Book Value per Share/CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=0.519/109.8968*109.8968
=0.519

Current CPI (Dec. 2020) = 109.8968.

P10 Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201103 0.915 94.283 1.067
201106 0.863 95.235 0.996
201109 0.857 95.727 0.984
201112 0.770 95.213 0.889
201203 1.016 96.783 1.154
201206 1.092 96.819 1.239
201209 1.051 97.633 1.183
201212 5.179 96.871 5.875
201303 5.198 98.209 5.817
201306 5.256 98.518 5.863
201309 4.507 98.790 5.014
201312 0.765 98.326 0.855
201403 0.857 99.695 0.945
201406 0.737 100.560 0.805
201409 0.698 100.428 0.764
201412 0.660 99.070 0.732
201503 0.696 99.621 0.768
201506 0.678 100.684 0.740
201509 0.622 100.392 0.681
201512 0.538 99.792 0.592
201603 0.381 100.470 0.417
201606 0.317 101.688 0.343
201609 0.274 101.861 0.296
201612 0.008 101.863 0.009
201703 -0.012 102.862 -0.013
201706 0.092 103.349 0.098
201709 0.076 104.136 0.080
201712 0.166 104.011 0.175
201803 0.137 105.290 0.143
201806 0.132 106.317 0.136
201809 0.128 106.507 0.132
201812 0.236 105.998 0.245
201903 0.257 107.251 0.263
201906 0.267 108.070 0.272
201909 0.288 108.329 0.292
201912 0.364 108.420 0.369
202003 0.389 108.902 0.393
202006 0.391 108.767 0.395
202009 0.375 109.815 0.375
202012 0.519 109.897 0.519

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.


P10 Holdings  (STU:AC3B) 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.


P10 Holdings Cyclically Adjusted PB Ratio Related Terms

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P10 Holdings (STU:AC3B) Business Description

Traded in Other Exchanges
N/A
Address
4514 Cole Avenue, Suite 160, Dallas, TX, USA, 75205
P10 Holdings Inc is an asset management company. Its existing portfolio of solutions across private equity, venture capital, private credit, and impact investing support its mission by offering a comprehensive set of investment vehicles to its investors, including primary fund of funds, secondary investment, direct investment, and co-investments, alongside separate accounts. The company generates the majority of its revenue from Management & advisory fees.

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