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MBIA (STU:MBJ) Cyclically Adjusted PB Ratio : 0.61 (As of May. 26, 2024)


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What is MBIA Cyclically Adjusted PB Ratio?

As of today (2024-05-26), MBIA's current share price is €5.15. MBIA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.44. MBIA's Cyclically Adjusted PB Ratio for today is 0.61.

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

STU:MBJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.51   Max: 1.19
Current: 0.6

During the past years, MBIA's highest Cyclically Adjusted PB Ratio was 1.19. The lowest was 0.23. And the median was 0.51.

STU:MBJ's Cyclically Adjusted PB Ratio is ranked better than
78.9% of 417 companies
in the Insurance industry
Industry Median: 1.18 vs STU:MBJ: 0.60

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.

MBIA's adjusted book value per share data for the three months ended in Mar. 2024 was €-31.094. 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 €8.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MBIA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MBIA'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.

MBIA Cyclically Adjusted PB Ratio Chart

MBIA 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 0.53 0.39 0.95 0.88 0.58

MBIA 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 0.67 0.67 0.60 0.58 0.73

Competitive Comparison of MBIA's Cyclically Adjusted PB Ratio

For the Insurance - Specialty subindustry, MBIA'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.


MBIA's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MBIA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MBIA 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.

MBIA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.15/8.44
=0.61

* 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.

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

For example, MBIA'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)
=-31.094/131.7762*131.7762
=-31.094

Current CPI (Mar. 2024) = 131.7762.

MBIA Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.335 100.560 18.785
201409 15.589 100.428 20.455
201412 16.601 99.070 22.082
201503 19.726 99.621 26.093
201506 19.838 100.684 25.964
201509 21.566 100.392 28.308
201512 22.591 99.792 29.831
201603 23.726 100.470 31.119
201606 23.922 101.688 31.000
201609 24.014 101.861 31.067
201612 22.627 101.863 29.272
201703 23.123 102.862 29.623
201706 13.751 103.349 17.533
201709 11.640 104.136 14.730
201712 13.051 104.011 16.535
201803 11.331 105.290 14.181
201806 10.414 106.317 12.908
201809 10.470 106.507 12.954
201812 10.951 105.998 13.614
201903 11.659 107.251 14.325
201906 10.854 108.070 13.235
201909 11.679 108.329 14.207
201912 9.359 108.420 11.375
202003 6.070 108.902 7.345
202006 4.929 108.767 5.972
202009 3.621 109.815 4.345
202012 2.083 109.897 2.498
202103 -0.634 111.754 -0.748
202106 -0.549 114.631 -0.631
202109 -2.656 115.734 -3.024
202112 -5.077 117.630 -5.688
202203 -9.352 121.301 -10.160
202206 -12.889 125.017 -13.586
202209 -15.877 125.227 -16.707
202212 -15.179 125.222 -15.974
202303 -15.497 127.348 -16.036
202306 -17.735 128.729 -18.155
202309 -22.702 129.860 -23.037
202312 -29.874 129.419 -30.418
202403 -31.094 131.776 -31.094

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.


MBIA  (STU:MBJ) 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.


MBIA Cyclically Adjusted PB Ratio Related Terms

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


MBIA (STU:MBJ) Business Description

Industry
Traded in Other Exchanges
Address
1 Manhattanville Road, Suite 301, Purchase, NY, USA, 10577
MBIA Inc provides financial guaranty insurance for municipal bonds and asset-backed securities in the United States and internationally. It offers an unconditional guarantee to repay the principal and interest on these securities if the issuer defaults. MBIA insures bonds sold in the primary and secondary markets, as well as those held in unit investment trusts and by mutual funds. It operates in three segments: the United States public finance insurance, corporate, and international & structured finance insurance. U.S. public finance insurance portfolio is managed through National Public Finance Guarantee Corporation. International & structured finance insurance business is managed through MBIA Insurance Corporation and its subsidiary.