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As of today (2024-06-12), Houlihan Lokey's current share price is $129.44. Houlihan Lokey's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $18.88. Houlihan Lokey's Cyclically Adjusted PB Ratio for today is 6.86.
The historical rank and industry rank for Houlihan Lokey's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Houlihan Lokey's highest Cyclically Adjusted PB Ratio was 7.22. The lowest was 6.27. And the median was 6.92.
HLI's Cyclically Adjusted PB Ratio is ranked worse thanThe 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.
Houlihan Lokey's adjusted book value per share data for the three months ended in Mar. 2024 was $26.583. 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 $18.88 for the trailing ten years ended in Mar. 2024.
The historical data trend for Houlihan Lokey'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.
Houlihan Lokey Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | - | - | - | 6.57 | 6.79 |
For the Capital Markets subindustry, Houlihan Lokey'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.
For the Capital Markets industry and Financial Services sector, Houlihan Lokey's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Houlihan Lokey's Cyclically Adjusted PB Ratio falls into.
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.
Houlihan Lokey's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 129.44 | / | 18.88 | |
= | 6.86 |
* 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.
Houlihan Lokey's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Houlihan Lokey's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:
Adj_Book | = | Book Value per Share | / | CPI of Mar. 2024 (Change) | * | Current CPI (Mar. 2024) |
= | 26.583 | / | 131.7762 | * | 131.7762 | |
= | 26.583 |
Current CPI (Mar. 2024) = 131.7762.
Houlihan Lokey Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201406 | 0.000 | 100.560 | 0.000 |
201409 | 0.000 | 100.428 | 0.000 |
201412 | 0.000 | 99.070 | 0.000 |
201503 | 12.616 | 99.621 | 16.688 |
201506 | 12.934 | 100.684 | 16.928 |
201509 | 9.375 | 100.392 | 12.306 |
201512 | 9.720 | 99.792 | 12.835 |
201603 | 9.971 | 100.470 | 13.078 |
201606 | 10.122 | 101.688 | 13.117 |
201609 | 10.409 | 101.861 | 13.466 |
201612 | 10.782 | 101.863 | 13.948 |
201703 | 11.008 | 102.862 | 14.102 |
201706 | 11.366 | 103.349 | 14.492 |
201709 | 11.788 | 104.136 | 14.917 |
201712 | 12.504 | 104.011 | 15.842 |
201803 | 12.962 | 105.290 | 16.223 |
201806 | 12.379 | 106.317 | 15.343 |
201809 | 12.596 | 106.507 | 15.584 |
201812 | 13.003 | 105.998 | 16.165 |
201903 | 13.629 | 107.251 | 16.746 |
201906 | 13.524 | 108.070 | 16.491 |
201909 | 13.534 | 108.329 | 16.463 |
201912 | 14.438 | 108.420 | 17.548 |
202003 | 15.023 | 108.902 | 18.179 |
202006 | 17.408 | 108.767 | 21.091 |
202009 | 17.927 | 109.815 | 21.512 |
202012 | 19.600 | 109.897 | 23.502 |
202103 | 20.288 | 111.754 | 23.923 |
202106 | 20.114 | 114.631 | 23.122 |
202109 | 21.058 | 115.734 | 23.977 |
202112 | 22.607 | 117.630 | 25.326 |
202203 | 21.387 | 121.301 | 23.234 |
202206 | 20.608 | 125.017 | 21.722 |
202209 | 21.072 | 125.227 | 22.174 |
202212 | 22.451 | 125.222 | 23.626 |
202303 | 23.488 | 127.348 | 24.305 |
202306 | 23.294 | 128.729 | 23.845 |
202309 | 23.858 | 129.860 | 24.210 |
202312 | 25.589 | 129.419 | 26.055 |
202403 | 26.583 | 131.776 | 26.583 |
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.
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.
Thank you for viewing the detailed overview of Houlihan Lokey's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Irwin Gold | director, 10 percent owner, officer: EXECUTIVE CHAIRMAN | |
Christopher M Crain | officer: GENERAL COUNSEL | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067 |
J Lindsey Alley | officer: CHIEF FINANCIAL OFFICER | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067 |
Scott L Beiser | director, officer: CHIEF EXECUTIVE OFFICER | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FL, LOS ANGELES CA 90067 |
Robert A Schriesheim | director | 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
Todd J Carter | director | 700 CANAL STREET, THIRD FLOOR, STAMFORD CT 06902 |
Paul Andrew Zuber | director | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067 |
Scott Joseph Adelson | director, officer: CO-PRESIDENT | 1930 CENTURY PARK WEST, LOS ANGELES CA 90067 |
Ekpedeme M Bassey | director | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BLVD., 5TH FLOOR, LOS ANGELES CA 90067 |
Cyrus D. Walker | director | C/O MARIPOSA CAPITAL, LLC, 500 SOUTH POINTE DRIVE, SUITE 240, MIAMI BEACH FL 33139 |
David A Preiser | director, officer: CO-PRESIDENT | |
Gillian Beth Zucker | director | C/O HOULIHAN LOKEY, INC., 10250 CONSTELLATION BOULEVARD, 5TH FLOOR, LOS ANGELES AR 90067 |
Orix Hlhz Holding Llc | 10 percent owner | 1717 MAIN STREET, SUITE 900, DALLAS TX 75201 |
Orix Corp | 10 percent owner | WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135 |
Jacqueline B Kosecoff | director | 5960 HEISLEY ROAD, MENTOR OH 44060 |
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