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1834 Investments (XJAM:1834) Cyclically Adjusted PB Ratio : 0.65 (As of Jun. 13, 2024)


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What is 1834 Investments Cyclically Adjusted PB Ratio?

As of today (2024-06-13), 1834 Investments's current share price is JMD1.21. 1834 Investments's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2022 was JMD1.85. 1834 Investments's Cyclically Adjusted PB Ratio for today is 0.65.

The historical rank and industry rank for 1834 Investments's Cyclically Adjusted PB Ratio or its related term are showing as below:

XJAM:1834's Cyclically Adjusted PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.8
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

1834 Investments's adjusted book value per share data for the three months ended in Sep. 2022 was JMD1.192. 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 JMD1.85 for the trailing ten years ended in Sep. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


1834 Investments Cyclically Adjusted PB Ratio Historical Data

The historical data trend for 1834 Investments'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.

1834 Investments Cyclically Adjusted PB Ratio Chart

1834 Investments Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted PB Ratio
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1834 Investments Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 - - - - 0.65

Competitive Comparison of 1834 Investments's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, 1834 Investments'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.


1834 Investments's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 1834 Investments's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where 1834 Investments's Cyclically Adjusted PB Ratio falls into.



1834 Investments 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.

1834 Investments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.21/1.85
=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.

1834 Investments's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2022 is calculated as:

For example, 1834 Investments's adjusted Book Value per Share data for the three months ended in Sep. 2022 was:

Adj_Book=Book Value per Share/CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=1.192/125.2265*125.2265
=1.192

Current CPI (Sep. 2022) = 125.2265.

1834 Investments Quarterly Data

Book Value per Share CPI Adj_Book
200912 1.670 91.111 2.295
201012 2.028 92.474 2.746
201112 1.887 95.213 2.482
201212 1.957 96.871 2.530
201306 0.000 98.518 0.000
201309 0.000 98.790 0.000
201312 2.141 98.326 2.727
201403 0.000 99.695 0.000
201406 2.129 100.560 2.651
201409 2.139 100.428 2.667
201412 2.207 99.070 2.790
201503 2.264 99.621 2.846
201506 2.274 100.684 2.828
201509 2.299 100.392 2.868
201606 1.546 101.688 1.904
201609 1.452 101.861 1.785
201612 1.433 101.863 1.762
201703 1.467 102.862 1.786
201706 1.375 103.349 1.666
201709 1.389 104.136 1.670
201712 1.397 104.011 1.682
201803 1.407 105.290 1.673
201806 1.413 106.317 1.664
201809 1.426 106.507 1.677
201812 1.257 105.998 1.485
201903 1.232 107.251 1.438
201906 1.248 108.070 1.446
201909 1.182 108.329 1.366
201912 1.167 108.420 1.348
202003 1.187 108.902 1.365
202006 1.199 108.767 1.380
202009 1.207 109.815 1.376
202012 1.169 109.897 1.332
202103 1.247 111.754 1.397
202106 1.264 114.631 1.381
202109 1.250 115.734 1.353
202112 1.237 117.630 1.317
202203 1.249 121.301 1.289
202206 1.212 125.017 1.214
202209 1.192 125.227 1.192

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.


1834 Investments  (XJAM:1834) 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.


1834 Investments Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of 1834 Investments's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


1834 Investments (XJAM:1834) Business Description

Traded in Other Exchanges
N/A
Address
7 North Street, P.O. Box 40, Kingston, JAM
1834 Investments Ltd is a Jamaica-based investment management company. The company's main activity is the management of its income-generating real estate, bond, and equity investments. Also, its activities include the management of its joint venture and subsidiary companies. Its equity portfolio comprises a diversified mix of the stocks of local and overseas companies in North America, the United Kingdom, Europe, and Asia.

1834 Investments (XJAM:1834) Headlines

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