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Old Republic International (Old Republic International) Cyclically Adjusted PB Ratio : 1.42 (As of May. 24, 2024)


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What is Old Republic International Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Old Republic International's current share price is $31.44. Old Republic International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $22.11. Old Republic International's Cyclically Adjusted PB Ratio for today is 1.42.

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

ORI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.15   Max: 1.47
Current: 1.42

During the past years, Old Republic International's highest Cyclically Adjusted PB Ratio was 1.47. The lowest was 0.67. And the median was 1.15.

ORI's Cyclically Adjusted PB Ratio is ranked worse than
60.39% of 414 companies
in the Insurance industry
Industry Median: 1.18 vs ORI: 1.42

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.

Old Republic International's adjusted book value per share data for the three months ended in Mar. 2024 was $23.547. 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 $22.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Old Republic International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Old Republic International'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.

Old Republic International Cyclically Adjusted PB Ratio Chart

Old Republic International 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 1.29 1.12 1.28 1.17 1.36

Old Republic International 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 1.19 1.18 1.25 1.36 1.39

Competitive Comparison of Old Republic International's Cyclically Adjusted PB Ratio

For the Insurance - Diversified subindustry, Old Republic International'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.


Old Republic International's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Old Republic International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Old Republic International's Cyclically Adjusted PB Ratio falls into.



Old Republic International 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.

Old Republic International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.44/22.11
=1.42

* 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.

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

For example, Old Republic International'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)
=23.547/131.7762*131.7762
=23.547

Current CPI (Mar. 2024) = 131.7762.

Old Republic International Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.156 100.560 19.861
201409 15.036 100.428 19.729
201412 15.037 99.070 20.001
201503 15.370 99.621 20.331
201506 15.068 100.684 19.721
201509 14.740 100.392 19.348
201512 14.814 99.792 19.562
201603 15.800 100.470 20.723
201606 16.681 101.688 21.617
201609 16.931 101.861 21.903
201612 16.978 101.863 21.964
201703 17.438 102.862 22.340
201706 17.678 103.349 22.540
201709 18.085 104.136 22.885
201712 17.580 104.011 22.273
201803 16.707 105.290 20.910
201806 16.873 106.317 20.914
201809 17.549 106.507 21.713
201812 17.000 105.998 21.134
201903 18.701 107.251 22.977
201906 19.439 108.070 23.703
201909 19.085 108.329 23.216
201912 19.759 108.420 24.016
202003 16.917 108.902 20.470
202006 19.270 108.767 23.346
202009 19.978 109.815 23.973
202012 20.342 109.897 24.392
202103 21.170 111.754 24.963
202106 22.171 114.631 25.487
202109 20.616 115.734 23.474
202112 22.412 117.630 25.107
202203 21.894 121.301 23.785
202206 20.694 125.017 21.813
202209 18.660 125.227 19.636
202212 20.790 125.222 21.878
202303 21.628 127.348 22.380
202306 21.500 128.729 22.009
202309 21.098 129.860 21.409
202312 23.028 129.419 23.447
202403 23.547 131.776 23.547

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.


Old Republic International  (NYSE:ORI) 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.


Old Republic International Cyclically Adjusted PB Ratio Related Terms

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


Old Republic International (Old Republic International) Business Description

Traded in Other Exchanges
Address
307 North Michigan Avenue, Chicago, IL, USA, 60601
Old Republic International Corp offers a diverse range of specialized insurance products to individuals and institutions. It operates in three segments: General Insurance (property and liability insurance), Title Insurance, and Republic Financial Indemnity Group (RFIG) Run-off. General Insurance includes products such as Automobile Extended Warranty Insurance, Aviation, Commercial Automobile Insurance, Inland Marine, Travel Accident, Workers' Compensation, Financial Indemnity, and others. Title Insurance's business consists primarily of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. Almost all of its revenue is generated from the United States.
Executives
Charles J Kovaleski director 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Jeffrey Lange officer: SVPUnderwriting & Distribution 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Carolyn Monroe officer: SVP - Title Insurance 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Barbara Adachi director 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Stephen J Oberst officer: Executive Vice President 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
John Eric Smith director 260 LENA DRIVE, AURORA OH 44202
Michael Denard Kennedy director 307 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Lisa J Caldwell director 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Aldo C Zucaro director, officer: Chairman, President & CEO 307 N MICHIGAN AVE, STE 2300, CHICAGO IL 60601
Glenn W Reed director 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Karl W Mueller officer: Senior VP & CFO 307 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Thomas Dare officer: SrVP Secretary General Counsel 307 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
William T Gray officer: Senior VP & Treasurer
Rande Keith Yeager officer: SVP, Title Insurance 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Steven J Bateman director 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601

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