GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MBIA Inc (NYSE:MBI) » Definitions » Cyclically Adjusted PB Ratio

MBIA (MBI) Cyclically Adjusted PB Ratio : 0.65 (As of Apr. 28, 2024)


View and export this data going back to 1987. Start your Free Trial

What is MBIA Cyclically Adjusted PB Ratio?

As of today (2024-04-28), MBIA's current share price is $6.82. MBIA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $10.54. MBIA's Cyclically Adjusted PB Ratio for today is 0.65.

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

MBI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.51   Max: 1.19
Current: 0.65

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.

MBI's Cyclically Adjusted PB Ratio is ranked better than
77.97% of 413 companies
in the Insurance industry
Industry Median: 1.15 vs MBI: 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.

MBIA's adjusted book value per share data for the three months ended in Dec. 2023 was $-32.578. 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 $10.54 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.88 0.67 0.67 0.60 0.58

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
=6.82/10.54
=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.

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

For example, MBIA'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)
=-32.578/129.4194*129.4194
=-32.578

Current CPI (Dec. 2023) = 129.4194.

MBIA Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.463 99.695 23.968
201406 19.477 100.560 25.067
201409 20.089 100.428 25.888
201412 20.470 99.070 26.741
201503 21.348 99.621 27.734
201506 22.264 100.684 28.618
201509 24.205 100.392 31.204
201512 24.609 99.792 31.915
201603 26.421 100.470 34.034
201606 26.879 101.688 34.209
201609 26.952 101.861 34.244
201612 23.868 101.863 30.325
201703 24.731 102.862 31.116
201706 15.450 103.349 19.347
201709 13.874 104.136 17.243
201712 15.445 104.011 19.218
201803 13.971 105.290 17.173
201806 12.166 106.317 14.810
201809 12.217 106.507 14.845
201812 12.458 105.998 15.211
201903 13.174 107.251 15.897
201906 12.264 108.070 14.687
201909 12.862 108.329 15.366
201912 10.399 108.420 12.413
202003 6.707 108.902 7.971
202006 5.551 108.767 6.605
202009 4.265 109.815 5.026
202012 2.534 109.897 2.984
202103 -0.754 111.754 -0.873
202106 -0.662 114.631 -0.747
202109 -3.125 115.734 -3.495
202112 -5.737 117.630 -6.312
202203 -10.300 121.301 -10.989
202206 -13.625 125.017 -14.105
202209 -15.719 125.227 -16.245
202212 -16.079 125.222 -16.618
202303 -16.593 127.348 -16.863
202306 -19.215 128.729 -19.318
202309 -24.228 129.860 -24.146
202312 -32.578 129.419 -32.578

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  (NYSE:MBI) 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 (MBI) 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.
Executives
Richard C Vaughan director C/O MBIA, 113 KING STREET, ARMONK NY 10504
Steven J Gilbert director 540 MADISON AVE, 40TH FL, NEW YORK NY 10022
Janice L. Innis-thompson director C/O MBIA INC., 1 MANHATTANVILLE ROAD - SUITE 301, PURCHASE NY 10577
William C Fallon officer: Member, Exec. Policy Committee C/O MBIA, 113 KING STREET, ARMONK NY 10504
Charles R Rinehart director DOWNEY FINANCIAL CORP., 3501 JAMBOREE ROAD, NEWPORT BEACH CA 92660
Theodore Shasta director C/O MBIA INC., 113 KING STREET, ARMONK NY 10504
Fine Capital Partners, L.p. 10 percent owner 3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019
Diane L Dewbrey director FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Daniel M. Avitabile officer: Assistant Vice President C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Adam T. Bergonzi officer: Assistant Vice President C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Christopher H. Young officer: Assistant Vice President C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Jonathan C. Harris officer: General Counsel and Secretary C/O MBIA INC., 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Joseph R. Schachinger officer: Controller 1 MANHATTANVILLE ROAD, PURCHASE NY 10577
Joseph W Brown director, officer: Chairman and CEO C/O SAFECO, 4333 BROOKLYN AVENUE NE, SEATTLE WA 98185
Debra Fine 10 percent owner 590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022