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Movida Participacoes (BSP:MOVI3) Cyclically Adjusted PB Ratio : 0.93 (As of Jun. 01, 2024)


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What is Movida Participacoes Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Movida Participacoes's current share price is R$6.48. Movida Participacoes's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$6.94. Movida Participacoes's Cyclically Adjusted PB Ratio for today is 0.93.

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

BSP:MOVI3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.2   Max: 1.63
Current: 0.93

During the past years, Movida Participacoes's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 0.93. And the median was 1.20.

BSP:MOVI3's Cyclically Adjusted PB Ratio is ranked better than
68.01% of 669 companies
in the Business Services industry
Industry Median: 1.61 vs BSP:MOVI3: 0.93

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.

Movida Participacoes's adjusted book value per share data for the three months ended in Dec. 2023 was R$7.049. 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$6.94 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Movida Participacoes Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Movida Participacoes'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.

Movida Participacoes Cyclically Adjusted PB Ratio Chart

Movida Participacoes 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 - - - - 1.71

Movida Participacoes 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 - - - 1.71 -

Competitive Comparison of Movida Participacoes's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, Movida Participacoes'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.


Movida Participacoes's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

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

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



Movida Participacoes 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.

Movida Participacoes's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.48/6.94
=0.93

* 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.

Movida Participacoes's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Movida Participacoes's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.049/157.1481*157.1481
=7.049

Current CPI (Dec. 2023) = 157.1481.

Movida Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
0.000 0.000
201403 0.000 90.447 0.000
201406 0.000 91.838 0.000
201412 0.995 94.194 1.660
201503 1.137 97.799 1.827
201506 1.243 100.006 1.953
201509 1.263 101.392 1.958
201512 1.259 104.247 1.898
201603 1.206 106.979 1.772
201606 1.230 108.851 1.776
201609 1.058 109.986 1.512
201612 3.345 110.802 4.744
201703 5.788 111.869 8.131
201706 5.812 112.115 8.147
201709 5.880 112.777 8.193
201712 5.954 114.068 8.203
201803 5.986 114.868 8.189
201806 7.062 117.038 9.482
201809 6.176 117.881 8.233
201812 6.255 118.340 8.306
201903 6.338 120.124 8.291
201906 6.398 120.977 8.311
201909 7.550 121.292 9.782
201912 7.737 123.436 9.850
202003 7.334 124.092 9.288
202006 7.321 123.557 9.311
202009 7.449 125.095 9.358
202012 7.924 129.012 9.652
202103 7.893 131.660 9.421
202106 7.082 133.871 8.313
202109 8.796 137.913 10.023
202112 9.090 141.992 10.060
202203 8.971 146.537 9.621
202206 7.893 149.784 8.281
202209 7.678 147.800 8.164
202212 7.656 150.207 8.010
202303 7.877 153.352 8.072
202306 8.542 154.519 8.687
202309 8.419 155.464 8.510
202312 7.049 157.148 7.049

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.


Movida Participacoes  (BSP:MOVI3) 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.


Movida Participacoes Cyclically Adjusted PB Ratio Related Terms

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


Movida Participacoes (BSP:MOVI3) Business Description

Traded in Other Exchanges
N/A
Address
Renato Paes de Barros street, 9th floor, Sao Paulo, SP, BRA, 04530-001
Movida Participacoes SA through its subsidiaries is engaged in car rental activities in Brazil. The business activities of the group function through Rent a Car (RAC) and light vehicle fleet management and outsourcing segments. The Rent a car segment is responsible for car rental in stores located inside and outside airports, and Fleet Management and Outsourcing segment provides car rental services signed through long-term contracts with corporate clients. In addition, the group is also involved in the sale of used cars. Geographically activities are carried out in Brazil and the company derives revenue from rental activities.

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