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MSCI (BSP:M1SC34) Cyclically Adjusted PB Ratio : 1,906.00 (As of May. 14, 2024)


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What is MSCI Cyclically Adjusted PB Ratio?

As of today (2024-05-14), MSCI's current share price is R$57.18. MSCI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$0.03. MSCI's Cyclically Adjusted PB Ratio for today is 1,906.00.

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

BSP:M1SC34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.13   Med: 26.12   Max: 2169.56
Current: 1922.28

During the past years, MSCI's highest Cyclically Adjusted PB Ratio was 2169.56. The lowest was 5.13. And the median was 26.12.

BSP:M1SC34's Cyclically Adjusted PB Ratio is ranked worse than
100% of 474 companies
in the Capital Markets industry
Industry Median: 1.16 vs BSP:M1SC34: 1922.28

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.

MSCI's adjusted book value per share data for the three months ended in Mar. 2024 was R$-0.929. 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 R$0.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSCI Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MSCI'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.

MSCI Cyclically Adjusted PB Ratio Chart

MSCI 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 30.75 61.93 101.26 126.26 633.77

MSCI 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 182.57 203.91 327.31 633.77 2,220.59

Competitive Comparison of MSCI's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, MSCI'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.


MSCI's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MSCI's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MSCI 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.

MSCI's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.18/0.03
=1,906.00

* 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.

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

For example, MSCI'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)
=-0.929/129.4194*129.4194
=-0.929

Current CPI (Mar. 2024) = 129.4194.

MSCI Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.728 100.560 0.937
201409 0.662 100.428 0.853
201412 0.768 99.070 1.003
201503 0.925 99.621 1.202
201506 0.917 100.684 1.179
201509 0.946 100.392 1.220
201512 0.787 99.792 1.021
201603 0.536 100.470 0.690
201606 0.438 101.688 0.557
201609 0.431 101.861 0.548
201612 0.265 101.863 0.337
201703 0.219 102.862 0.276
201706 0.255 103.349 0.319
201709 0.285 104.136 0.354
201712 0.333 104.011 0.414
201803 0.349 105.290 0.429
201806 0.334 106.317 0.407
201809 0.399 106.507 0.485
201812 -0.175 105.998 -0.214
201903 -0.326 107.251 -0.393
201906 -0.240 108.070 -0.287
201909 -0.163 108.329 -0.195
201912 -0.084 108.420 -0.100
202003 -0.470 108.902 -0.559
202006 -0.438 108.767 -0.521
202009 -0.571 109.815 -0.673
202012 -0.628 109.897 -0.740
202103 -0.748 111.754 -0.866
202106 -0.510 114.631 -0.576
202109 -0.407 115.734 -0.455
202112 -0.255 117.630 -0.281
202203 -1.225 121.301 -1.307
202206 -1.463 125.017 -1.515
202209 -1.603 125.227 -1.657
202212 -1.503 125.222 -1.553
202303 -1.333 127.348 -1.355
202306 -1.664 128.729 -1.673
202309 -1.489 129.860 -1.484
202312 -1.042 129.419 -1.042
202403 -0.929 129.419 -0.929

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.


MSCI  (BSP:M1SC34) 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.


MSCI Cyclically Adjusted PB Ratio Related Terms

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


MSCI (BSP:M1SC34) Business Description

Traded in Other Exchanges
Address
250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007
MSCI describes its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.3 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.

MSCI (BSP:M1SC34) Headlines

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