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SWS Group (FRA:SW4) Cyclically Adjusted PB Ratio : (As of Apr. 28, 2025)


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What is SWS Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SWS Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SWS Group'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.

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SWS Group Cyclically Adjusted PB Ratio Chart

SWS Group Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Cyclically Adjusted PB Ratio
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SWS Group Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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Competitive Comparison of SWS Group's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, SWS Group'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.


SWS Group's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SWS Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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SWS Group 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.

SWS Group's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2014 is calculated as:

For example, SWS Group's adjusted Book Value per Share data for the three months ended in Sep. 2014 was:

Adj_Book=Book Value per Share/CPI of Sep. 2014 (Change)*Current CPI (Sep. 2014)
=5.692/100.4278*100.4278
=5.692

Current CPI (Sep. 2014) = 100.4278.

SWS Group Quarterly Data

Book Value per Share CPI Adj_Book
200412 7.366 80.290 9.214
200503 7.574 81.555 9.327
200506 8.299 82.062 10.156
200509 8.486 83.876 10.161
200512 8.974 83.032 10.854
200603 9.466 84.298 11.277
200606 8.546 85.606 10.026
200609 8.759 85.606 10.276
200612 8.895 85.142 10.492
200703 9.118 86.640 10.569
200706 8.020 87.906 9.162
200709 8.129 87.964 9.281
200712 7.914 88.616 8.969
200803 7.493 90.090 8.353
200806 7.665 92.320 8.338
200809 8.383 92.307 9.121
200812 8.969 88.697 10.155
200903 9.327 89.744 10.437
200906 8.827 91.003 9.741
200909 8.501 91.120 9.369
200912 9.544 91.111 10.520
201003 8.743 91.821 9.563
201006 9.637 91.962 10.524
201009 8.438 92.162 9.195
201012 8.421 92.474 9.145
201103 7.841 94.283 8.352
201106 7.627 95.235 8.043
201109 8.035 95.727 8.430
201112 8.081 95.213 8.524
201203 5.363 96.783 5.565
201206 8.623 96.819 8.944
201209 8.323 97.633 8.561
201212 8.416 96.871 8.725
201303 8.382 98.209 8.571
201306 7.324 98.518 7.466
201309 7.208 98.790 7.327
201312 6.931 98.326 7.079
201403 6.778 99.695 6.828
201406 6.962 100.560 6.953
201409 5.692 100.428 5.692

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.


SWS Group  (FRA:SW4) 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.


SWS Group Cyclically Adjusted PB Ratio Related Terms

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


SWS Group Business Description

Traded in Other Exchanges
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Address
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SWS Group Inc was incorporated in Delaware in 1972. It is a diversified financial services holding company focused on delivering a broad range of investment banking, commercial banking and related financial services to corporate, individual and institutional investors, broker/dealers, governmental entities and financial intermediaries. Its four segments are clearing, retail, institutional and banking. Clearing segment provides clearing and execution services for other broker/dealers. Its clientele includes general securities broker/dealers and firms specializing in high-volume trading. It currently supports a various clearing clients, including discount and full-service brokerage firms, direct access firms, registered investment advisors and institutional firms. Retail segment offers securities (such as equities, mutual funds and fixed income products), insurance products and managed accounts through the activities of its employee registered representatives and its contractors. Institutional segment serve institutional customers in the areas of securities borrowing and lending, public finance, municipal finance, sales and underwriting, investment banking, fixed income sales and equity trading. Its securities borrowing and lending business includes borrowing and lending securities for other broker/dealers, lending institutions, and its own clearing and retail operations. Banking segment offers traditional banking products and services. It specialize in three areas, business banking, focusing on industrial and small business lending, commercial real estate lending and mortgage purchase. The Company provides integrated trade execution, clearing and client account processing to over 150 financial service organizations, which includes correspondent broker/dealers and registered investment advisors in 29 states and Canada. The Company also operates SWS Financial Services, Inc. ('SWS Financial'), a broker/dealer subsidiary that is also registered with FINRA.

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