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SEI Investments Co (SEI Investments Co) Cyclically Adjusted Book per Share : $12.65 (As of Dec. 2023)


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What is SEI Investments Co 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.

SEI Investments Co's adjusted book value per share for the three months ended in Dec. 2023 was $16.251. 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 $12.65 for the trailing ten years ended in Dec. 2023.

During the past 12 months, SEI Investments Co's average Cyclically Adjusted Book Growth Rate was 9.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.60% 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 SEI Investments Co was 28.60% per year. The lowest was 2.80% per year. And the median was 12.45% per year.

As of today (2024-04-27), SEI Investments Co's current stock price is $66.57. SEI Investments Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $12.65. SEI Investments Co's Cyclically Adjusted PB Ratio of today is 5.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SEI Investments Co was 11.25. The lowest was 4.19. And the median was 7.11.


SEI Investments Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for SEI Investments Co'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.

SEI Investments Co Cyclically Adjusted Book per Share Chart

SEI Investments Co 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 8.32 8.99 10.24 11.57 12.65

SEI Investments Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 11.93 12.23 12.51 12.65 -

Competitive Comparison of SEI Investments Co's Cyclically Adjusted Book per Share

For the Asset Management subindustry, SEI Investments Co'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.


SEI Investments Co's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



SEI Investments Co 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, SEI Investments Co'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)
=16.251/129.4194*129.4194
=16.251

Current CPI (Dec. 2023) = 129.4194.

SEI Investments Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.123 99.695 9.247
201406 7.176 100.560 9.235
201409 7.448 100.428 9.598
201412 7.485 99.070 9.778
201503 7.733 99.621 10.046
201506 7.874 100.684 10.121
201509 7.957 100.392 10.258
201512 7.877 99.792 10.216
201603 8.032 100.470 10.346
201606 7.992 101.688 10.171
201609 8.210 101.861 10.431
201612 8.194 101.863 10.411
201703 8.588 102.862 10.805
201706 8.683 103.349 10.873
201709 9.101 104.136 11.311
201712 9.402 104.011 11.699
201803 10.214 105.290 12.555
201806 10.146 106.317 12.351
201809 10.487 106.507 12.743
201812 10.370 105.998 12.661
201903 10.747 107.251 12.968
201906 10.828 108.070 12.967
201909 11.339 108.329 13.547
201912 11.612 108.420 13.861
202003 11.726 108.902 13.935
202006 11.667 108.767 13.882
202009 11.969 109.815 14.106
202012 12.134 109.897 14.290
202103 12.818 111.754 14.844
202106 12.803 114.631 14.455
202109 13.195 115.734 14.755
202112 13.440 117.630 14.787
202203 14.379 121.301 15.341
202206 14.187 125.017 14.687
202209 14.318 125.227 14.797
202212 14.563 125.222 15.051
202303 15.115 127.348 15.361
202306 15.303 128.729 15.385
202309 15.838 129.860 15.784
202312 16.251 129.419 16.251

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


SEI Investments Co  (NAS:SEIC) 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.

SEI Investments Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=66.57/12.65
=5.26

* 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 SEI Investments Co was 11.25. The lowest was 4.19. And the median was 7.11.


Be Aware

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


SEI Investments Co Cyclically Adjusted Book per Share Related Terms

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


SEI Investments Co (SEI Investments Co) Business Description

Traded in Other Exchanges
Address
1 Freedom Valley Drive, Oaks, PA, USA, 19456
SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers. SEI also has a minority interest in LSV Asset Management, a value equity asset manager with about $99 billion in assets under management. As of December 2022, SEI (including LSV) manages, administers, or advises on over $1.2 trillion in assets.
Executives
West Alfred P Jr director, 10 percent owner, officer: Chairman and Chief Executive 1 FREEDOM VALLEY DRIVE, OAKS PA 19456
Carmen Romeo director, officer: Executive Vice President
Wayne Withrow officer: Executive Vice President
Stephanie D. Miller director 1 FREEDOM VALLEY DRIVE, OAKS PA 19456
Michael Peterson officer: EXECUTIVE VICE PRESIDENT GC 1 FREEDOM VALLEY DRIVE, OAKS X1 19456
Kathryn Mccarthy director ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Dennis Mcgonigle officer: Executive Vice President/CFO ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Ryan Hicke officer: Executive Vice President ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Mark Andrew Warner officer: VP, Controller and CAO 1 FREEDOM VALLEY DRIVE, OAKS PA 19456
Sarah Blumenstein director
Sanjay Sharma officer: EVP (*Remarks) ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Philip Mccabe officer: EVP - Head of Investment Mgr ONE FREEDOM VALLEY DRIVE, OAKS PA 19456
Kevin Barr officer: Executive Vice President 1 FREEDOM VALLEY DRIVE, OAKS PA 19456
Kathy Heilig officer: Controller/Senior Vice Preside
Jonathan Brassington director ONE FREEDOM VALLEY DRIVE, OAKS PA 19456