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Wilmington Capital Management (TSX:WCM.A) Cyclically Adjusted PB Ratio : 0.65 (As of Jun. 07, 2024)


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What is Wilmington Capital Management Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Wilmington Capital Management's current share price is C$2.80. Wilmington Capital Management's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$4.30. Wilmington Capital Management's Cyclically Adjusted PB Ratio for today is 0.65.

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

TSX:WCM.A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.14   Max: 1.82
Current: 0.65

During the past years, Wilmington Capital Management's highest Cyclically Adjusted PB Ratio was 1.82. The lowest was 0.57. And the median was 1.14.

TSX:WCM.A's Cyclically Adjusted PB Ratio is ranked better than
65.25% of 944 companies
in the Asset Management industry
Industry Median: 0.8 vs TSX:WCM.A: 0.65

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.

Wilmington Capital Management's adjusted book value per share data for the three months ended in Dec. 2023 was C$5.785. 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 C$4.30 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wilmington Capital Management Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wilmington Capital Management'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.

Wilmington Capital Management Cyclically Adjusted PB Ratio Chart

Wilmington Capital Management 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 1.27 1.02 1.02 1.05 0.84

Wilmington Capital Management Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 1.05 1.02 0.90 0.84 -

Competitive Comparison of Wilmington Capital Management's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Wilmington Capital Management'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.


Wilmington Capital Management's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Wilmington Capital Management 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.

Wilmington Capital Management's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.80/4.3
=0.65

* 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.

Wilmington Capital Management's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Wilmington Capital Management's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.785/125.0724*125.0724
=5.785

Current CPI (Dec. 2023) = 125.0724.

Wilmington Capital Management Quarterly Data

Book Value per Share CPI Adj_Book
201312 3.409 96.945 4.398
201403 3.431 98.604 4.352
201406 3.600 99.473 4.526
201409 3.717 99.394 4.677
201412 2.780 98.367 3.535
201503 2.741 99.789 3.435
201506 2.616 100.500 3.256
201509 2.676 100.421 3.333
201512 2.430 99.947 3.041
201603 2.375 101.054 2.940
201606 2.343 102.002 2.873
201609 2.314 101.765 2.844
201612 2.275 101.449 2.805
201703 2.275 102.634 2.772
201706 2.269 103.029 2.754
201709 2.088 103.345 2.527
201712 2.244 103.345 2.716
201803 2.224 105.004 2.649
201806 2.244 105.557 2.659
201809 2.258 105.636 2.673
201812 2.393 105.399 2.840
201903 2.381 106.979 2.784
201906 5.644 107.690 6.555
201909 5.723 107.611 6.652
201912 4.574 107.769 5.308
202003 4.529 107.927 5.248
202006 4.556 108.401 5.257
202009 4.574 108.164 5.289
202012 4.965 108.559 5.720
202103 4.982 110.298 5.649
202106 5.010 111.720 5.609
202109 4.985 112.905 5.522
202112 5.080 113.774 5.584
202203 5.187 117.646 5.514
202206 5.330 120.806 5.518
202209 5.499 120.648 5.701
202212 5.549 120.964 5.737
202303 5.472 122.702 5.578
202306 5.530 124.203 5.569
202312 5.785 125.072 5.785

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.


Wilmington Capital Management  (TSX:WCM.A) 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.


Wilmington Capital Management Cyclically Adjusted PB Ratio Related Terms

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


Wilmington Capital Management (TSX:WCM.A) Business Description

Traded in Other Exchanges
Address
3282 Ogdens Beach Road, Midland, ON, CAN, L4R 4K3
Wilmington Capital Management Inc is a Canada based investment and asset management company. Its principal objective is to seek out investment opportunities in the alternative asset classes and in the energy sector through private equity funds, which provide shareholders with capital appreciation over the longer term as opposed to current income returns. The corporation invests its own capital alongside partners and co-investors, in hard assets and private equity funds and manages these assets through operating entities.

Wilmington Capital Management (TSX:WCM.A) Headlines

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