GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FTAI Aviation Ltd (NAS:FTAI) » Definitions » Cyclically Adjusted PB Ratio

FTAI Aviation (FTAI Aviation) Cyclically Adjusted PB Ratio : 6.36 (As of Jun. 08, 2024)


View and export this data going back to 2015. Start your Free Trial

What is FTAI Aviation Cyclically Adjusted PB Ratio?

As of today (2024-06-08), FTAI Aviation's current share price is $81.95. FTAI Aviation's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $12.89. FTAI Aviation's Cyclically Adjusted PB Ratio for today is 6.36.

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

FTAI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.03   Med: 3.02   Max: 6.55
Current: 6.42

During the past years, FTAI Aviation's highest Cyclically Adjusted PB Ratio was 6.55. The lowest was 2.03. And the median was 3.02.

FTAI's Cyclically Adjusted PB Ratio is ranked worse than
88.86% of 682 companies
in the Business Services industry
Industry Median: 1.59 vs FTAI: 6.42

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.

FTAI Aviation's adjusted book value per share data for the three months ended in Mar. 2024 was $1.765. 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 $12.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FTAI Aviation Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FTAI Aviation'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.

FTAI Aviation Cyclically Adjusted PB Ratio Chart

FTAI Aviation 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 - - - - 3.58

FTAI Aviation 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 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 2.12 2.38 2.72 3.58 5.22

Competitive Comparison of FTAI Aviation's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, FTAI Aviation'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.


FTAI Aviation's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, FTAI Aviation's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



FTAI Aviation 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.

FTAI Aviation's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=81.95/12.89
=6.36

* 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.

FTAI Aviation's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, FTAI Aviation'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)
=1.765/131.7762*131.7762
=1.765

Current CPI (Mar. 2024) = 131.7762.

FTAI Aviation Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.412 100.560 8.402
201409 0.000 100.428 0.000
201412 8.359 99.070 11.119
201503 8.952 99.621 11.841
201506 16.101 100.684 21.073
201509 15.793 100.392 20.730
201512 15.403 99.792 20.340
201603 14.994 100.470 19.666
201606 14.519 101.688 18.815
201609 14.171 101.861 18.333
201612 13.912 101.863 17.997
201703 13.587 102.862 17.406
201706 13.157 103.349 16.776
201709 12.943 104.136 16.378
201712 12.499 104.011 15.836
201803 12.649 105.290 15.831
201806 12.416 106.317 15.389
201809 12.133 106.507 15.012
201812 11.867 105.998 14.753
201903 10.889 107.251 13.379
201906 11.655 108.070 14.212
201909 12.492 108.329 15.196
201912 15.330 108.420 18.632
202003 15.029 108.902 18.186
202006 14.281 108.767 17.302
202009 13.727 109.815 16.472
202012 12.574 109.897 15.077
202103 13.136 111.754 15.489
202106 11.997 114.631 13.791
202109 12.231 115.734 13.926
202112 11.334 117.630 12.697
202203 7.741 121.301 8.409
202206 7.044 125.017 7.425
202209 0.255 125.227 0.268
202212 0.188 125.222 0.198
202303 0.737 127.348 0.763
202306 0.909 128.729 0.931
202309 0.941 129.860 0.955
202312 1.748 129.419 1.780
202403 1.765 131.776 1.765

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.


FTAI Aviation  (NAS:FTAI) 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.


FTAI Aviation Cyclically Adjusted PB Ratio Related Terms

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


FTAI Aviation (FTAI Aviation) Business Description

Traded in Other Exchanges
Address
1345 Avenue of the Americas, 45th Floor, New York, NY, USA, 10105
FTAI Aviation Ltd is a aerospace company .It owns and maintains commercial jet engines with a focus on CFM56 engines. FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. It invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation.
Executives
Adams Joseph P. Jr. director, officer: Chief Executive Officer C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Ray M Robinson director 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Paul R Goodwin director CSX CORPORATION, 901 E. CARY STREET, RICHMOND VA 23219
Martin Tuchman director 633 PROSPECT AVE, PRINCETON NJ 08540
Eun Nam officer: Chief Accounting Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Washington State Investment Board 10 percent owner 2100 EVERGREEN PARK DR SW, PO BOX 40916, OLYMPIA WA 98504-0916
Scott Christopher officer: Chief Accounting Officer 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kenneth J. Nicholson director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
A Andrew Levison director 124 WEST PUTNAM AVE, GREENWICH CT 06830
Judith A Hannaway director C/O FORTRESS INVESTMENT GROUP, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jonathan Atkeson officer: CFO and COO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Wesley R Edens director, 10 percent owner 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fortress Worldwide Transportation & Infrastructure Gp Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fortress Worldwide Transportation & Infrastructure Investors Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105

FTAI Aviation (FTAI Aviation) Headlines

From GuruFocus

FTAI Aviation Schedules Investor Day in Montr�al

By sperokesalga sperokesalga 04-28-2023

FTAI Aviation Ltd. Announces Closing of Merger Transaction

By Value_Insider Value_Insider 11-11-2022

Top 5 4th Quarter Trades of Philadelphia Financial Management of San Francisco, LLC

By GuruFocus Research GuruFocus Editor 02-18-2023