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Maiden Holdings (Maiden Holdings) Cyclically Adjusted Book per Share : $7.98 (As of Dec. 2023)


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What is Maiden Holdings Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Maiden Holdings's adjusted book value per share for the three months ended in Dec. 2023 was $2.480. 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 $7.98 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Maiden Holdings's average Cyclically Adjusted Book Growth Rate was -10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -6.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Maiden Holdings was -5.70% per year. The lowest was -7.00% per year. And the median was -6.30% per year.

As of today (2024-04-27), Maiden Holdings's current stock price is $2.08. Maiden Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.98. Maiden Holdings's Cyclically Adjusted PB Ratio of today is 0.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Maiden Holdings was 0.75. The lowest was 0.04. And the median was 0.23.


Maiden Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Maiden Holdings's Cyclically Adjusted Book per Share 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.

Maiden Holdings Cyclically Adjusted Book per Share Chart

Maiden Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.87 9.91 9.55 8.92 7.98

Maiden Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 8.92 8.74 8.54 8.31 7.98

Competitive Comparison of Maiden Holdings's Cyclically Adjusted Book per Share

For the Insurance - Reinsurance subindustry, Maiden 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.


Maiden Holdings's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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



Maiden Holdings Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Maiden Holdings'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)
=2.48/129.4194*129.4194
=2.480

Current CPI (Dec. 2023) = 129.4194.

Maiden Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.467 99.695 14.886
201406 12.458 100.560 16.033
201409 12.325 100.428 15.883
201412 12.692 99.070 16.580
201503 13.106 99.621 17.026
201506 12.348 100.684 15.872
201509 12.282 100.392 15.833
201512 11.772 99.792 15.267
201603 13.232 100.470 17.045
201606 14.182 101.688 18.050
201609 14.400 101.861 18.296
201612 12.122 101.863 15.401
201703 12.186 102.862 15.332
201706 11.953 103.349 14.968
201709 11.297 104.136 14.040
201712 9.246 104.011 11.505
201803 8.336 105.290 10.246
201806 7.706 106.317 9.381
201809 3.708 106.507 4.506
201812 1.076 105.998 1.314
201903 1.436 107.251 1.733
201906 1.512 108.070 1.811
201909 0.820 108.329 0.980
201912 0.514 108.420 0.614
202003 0.238 108.902 0.283
202006 0.776 108.767 0.923
202009 0.862 109.815 1.016
202012 1.574 109.897 1.854
202103 2.295 111.754 2.658
202106 2.578 114.631 2.911
202109 2.496 115.734 2.791
202112 2.603 117.630 2.864
202203 2.473 121.301 2.639
202206 2.619 125.017 2.711
202209 2.383 125.227 2.463
202212 2.803 125.222 2.897
202303 2.661 127.348 2.704
202306 2.650 128.729 2.664
202309 2.604 129.860 2.595
202312 2.480 129.419 2.480

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Maiden Holdings  (NAS:MHLD) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Maiden Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.08/7.98
=0.26

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Maiden Holdings was 0.75. The lowest was 0.04. And the median was 0.23.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Maiden Holdings Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Maiden Holdings's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Maiden Holdings (Maiden Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
94 Pitts Bay Road, Ideation House, 1st Floor, Pembroke, BMU, HM 08
Maiden Holdings Ltd provides reinsurance products and services to regional and specialty property and casualty insurers. The company operates in two segments: AmTrust Reinsurance and Diversified Reinsurance. The AmTrust Reinsurance segment provides products that cover workers' compensation, commercial package, commercial auto, and extended warranty. The Diversified Reinsurance segment provides small and midsize regional and specialty insurers with reinsurance capital products. The company has underwriting operations in Bermuda and the United States, along with business development teams in the United Kingdom, Germany, and other markets.
Executives
Yehuda Neuberger director 6201 15TH AVENUE, BROOKLYN NY 11219
Keith A Thomas director 605 WEST 137TH STREET, APT. 35, NEW YORK NY 10031
Maiden Reinsurance Ltd 10 percent owner 159 BANK STREET, 4TH FLOOR, BURLINGTON VT 05401
Maiden Holdings North America, Ltd. 10 percent owner 6000 MIDLANTIC DRIVE, SUITE 200S, MOUNT LAUREL NJ 08054
Maiden Holdings, Ltd. 10 percent owner 48 PAR-LA-VILLE ROAD, SUITE 1141, HAMILTON D0 -HM 11
Steven Harold Nigro director 445 FIFTH AVENUE, NEW YORK NY 10016
Simcha G Lyons director 225 WEST 83RD STREET, APT 3Q, NEW YORK NY 10024
Claude Leblanc director ONE BERMUDIANA ROAD, HAMILTON D0 HM 11
Paul S Giordano director C/O XL CAPITAL LTD, XL HOUSE, ONE BERMUDIANA RD, HAMILTON BERMUDA D0 HMII
Denis M Butkovic officer: SVP, General Counsel & Secty 13 ELLIS COURT, MORGANVILLE X1 07751
Raymond Michael Neff director PO BOX 460, SARASOTA FL 34230
Holly Lynn Blanchard director 1952 COUNTY ROAD C, CERESCO NE 68017
William Jarman officer: SVP & Chief Actuary 224 COUNTRY CLUB DRIVE, MOORESTOWN X1 08057
Michael C Haines officer: SVP - Finance 701 ROUTE 301, P.O. BOX 320, COLD SPRING X1 10516
Karen Schmitt officer: PRESIDENT, MAIDEN RE 6000 MIDLANTIC DRIVE, MT LAUREL NJ 08054