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Artisan Partners Asset Management (Artisan Partners Asset Management) Cyclically Adjusted PB Ratio : 12.58 (As of May. 24, 2024)


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What is Artisan Partners Asset Management Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Artisan Partners Asset Management's current share price is $44.41. Artisan Partners Asset Management's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.53. Artisan Partners Asset Management's Cyclically Adjusted PB Ratio for today is 12.58.

The historical rank and industry rank for Artisan Partners Asset Management's Cyclically Adjusted PB Ratio or its related term are showing as below:

APAM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.74   Med: 12.58   Max: 565.43
Current: 12.81

During the past years, Artisan Partners Asset Management's highest Cyclically Adjusted PB Ratio was 565.43. The lowest was 9.74. And the median was 12.58.

APAM's Cyclically Adjusted PB Ratio is ranked worse than
98.07% of 933 companies
in the Asset Management industry
Industry Median: 0.8 vs APAM: 12.81

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.

Artisan Partners Asset Management's adjusted book value per share data for the three months ended in Mar. 2024 was $4.582. 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 $3.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Artisan Partners Asset Management Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Artisan Partners Asset Management'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.

Artisan Partners Asset Management Cyclically Adjusted PB Ratio Chart

Artisan Partners Asset Management 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 - - - 11.22 12.97

Artisan Partners Asset Management 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 11.16 12.83 11.29 12.97 12.95

Competitive Comparison of Artisan Partners Asset Management's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Artisan Partners Asset Management'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.


Artisan Partners Asset Management's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Artisan Partners Asset Management's Cyclically Adjusted PB Ratio falls into.



Artisan Partners Asset Management 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.

Artisan Partners Asset Management's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.41/3.53
=12.58

* 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.

Artisan Partners Asset Management's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Artisan Partners Asset Management'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)
=4.582/131.7762*131.7762
=4.582

Current CPI (Mar. 2024) = 131.7762.

Artisan Partners Asset Management Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.558 100.560 3.352
201409 2.751 100.428 3.610
201412 3.238 99.070 4.307
201503 2.807 99.621 3.713
201506 3.014 100.684 3.945
201509 3.107 100.392 4.078
201512 3.298 99.792 4.355
201603 2.930 100.470 3.843
201606 2.954 101.688 3.828
201609 3.007 101.861 3.890
201612 3.128 101.863 4.047
201703 2.835 102.862 3.632
201706 2.952 103.349 3.764
201709 3.124 104.136 3.953
201712 2.178 104.011 2.759
201803 1.740 105.290 2.178
201806 2.052 106.317 2.543
201809 2.378 106.507 2.942
201812 2.498 105.998 3.106
201903 1.614 107.251 1.983
201906 1.872 108.070 2.283
201909 2.109 108.329 2.565
201912 2.356 108.420 2.864
202003 1.745 108.902 2.112
202006 1.971 108.767 2.388
202009 2.366 109.815 2.839
202012 2.859 109.897 3.428
202103 2.833 111.754 3.341
202106 3.397 114.631 3.905
202109 3.827 115.734 4.357
202112 4.141 117.630 4.639
202203 3.380 121.301 3.672
202206 3.358 125.017 3.540
202209 3.518 125.227 3.702
202212 3.857 125.222 4.059
202303 3.730 127.348 3.860
202306 4.104 128.729 4.201
202309 4.345 129.860 4.409
202312 4.728 129.419 4.814
202403 4.582 131.776 4.582

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.


Artisan Partners Asset Management  (NYSE:APAM) 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.


Artisan Partners Asset Management Cyclically Adjusted PB Ratio Related Terms

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


Artisan Partners Asset Management (Artisan Partners Asset Management) Business Description

Traded in Other Exchanges
Address
875 East Wisconsin Avenue, Suite 800, Milwaukee, WI, USA, 53202
Artisan Partners Asset Management Inc is a global investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are primarily offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. In addition to its equity strategies, customers may invest in a fixed-income strategy. Strategies are often distributed to customers ranging from retail investors to institutional investors through specialized channels.
Executives
Laura Ellen Simpson officer: Exec VP, CLO & Secretary 875 E WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Gregory K Ramirez officer: Senior Vice President 875 EAST WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Samuel Bentson Sellers officer: Executive Vice President 875 E WISCONSIN AVENUE SUITE 800, MILWAUKEE WI 53202
Tench Coxe director 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304
Saloni S Multani director 875 EAST WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Eileen Lee Kwei officer: Executive Vice President ONE CALIFORNIA STREET SUITE 2800, SAN FRANCISCO CA 94111
Jason A Gottlieb officer: Executive Vice President 875 E. WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Jennifer Barbetta director ARTISAN PARTNERS ASSET MANAGEMENT INC., 875 E. WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Christopher J Krein officer: Executive Vice President 875 E. WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Zfic, Inc. director 875 EAST WISCONSIN AVENUE, SUITE 800, MILWAUKEE WI 53202
Carlene M Ziegler director C/O ARTISAN PARTNERS LIMITED PARTNERSHIP, 875 EAST WISCONSIN AVE STE 800, MILWAUKEE WI 53202
Andrew A Ziegler director C/O ZIEGLER FAMILY OFFICE, 100 N. CORPORATE DRIVE, SUITE 190, BROOKFIELD WI 53045
Artisan Investment Corp director 875 EAST WISONSIN AVE STE 800, MILWAUKEE WI 53202
Hamman James S Jr officer: Executive Vice President 70 MUIRFIELD CIRCLE, WHEATON IL 60187
Stephanie Dimarco director 301 BRANNAN ST, SAN FRANCISCO CA 94107

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