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Conn's (Conn's) Cyclically Adjusted PB Ratio : 0.14 (As of Jun. 06, 2024)


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What is Conn's Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Conn's's current share price is $3.22. Conn's's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $22.50. Conn's's Cyclically Adjusted PB Ratio for today is 0.14.

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

CONN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 1.16   Max: 6.2
Current: 0.15

During the past years, Conn's's highest Cyclically Adjusted PB Ratio was 6.20. The lowest was 0.13. And the median was 1.16.

CONN's Cyclically Adjusted PB Ratio is ranked better than
93.96% of 761 companies
in the Retail - Cyclical industry
Industry Median: 1.17 vs CONN: 0.15

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.

Conn's's adjusted book value per share data for the three months ended in Jan. 2024 was $17.703. 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 $22.50 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Conn's Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Conn's'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.

Conn's Cyclically Adjusted PB Ratio Chart

Conn's Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.88 1.21 0.43 0.20

Conn's Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.43 0.21 0.22 0.13 0.20

Competitive Comparison of Conn's's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, Conn's'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.


Conn's's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Conn's's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Conn's 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.22/22.5
=0.14

* 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.

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

For example, Conn's's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=17.703/130.1244*130.1244
=17.703

Current CPI (Jan. 2024) = 130.1244.

Conn's Quarterly Data

Book Value per Share CPI Adj_Book
201404 17.136 100.023 22.293
201407 17.607 100.520 22.792
201410 17.547 100.176 22.793
201501 17.982 98.604 23.730
201504 18.401 99.824 23.987
201507 18.863 100.691 24.377
201510 18.349 100.346 23.794
201601 17.574 99.957 22.878
201604 17.274 100.947 22.267
201607 16.885 101.524 21.642
201610 16.745 101.988 21.365
201701 16.723 102.456 21.239
201704 16.677 103.167 21.035
201707 16.832 103.278 21.207
201710 16.878 104.070 21.104
201801 17.021 104.578 21.179
201804 17.401 105.708 21.420
201807 17.973 106.324 21.996
201810 18.503 106.695 22.566
201901 19.503 106.200 23.897
201904 20.285 107.818 24.482
201907 21.136 108.250 25.407
201910 21.811 108.577 26.139
202001 21.899 108.841 26.181
202004 17.092 108.173 20.560
202007 17.802 109.318 21.190
202010 18.123 109.861 21.466
202101 19.064 110.364 22.477
202104 20.565 112.673 23.750
202107 21.791 115.183 24.618
202110 22.494 116.696 25.082
202201 22.834 118.619 25.049
202204 23.306 121.978 24.862
202207 23.457 125.002 24.418
202210 22.690 125.734 23.482
202301 20.956 126.223 21.604
202304 19.424 127.992 19.748
202307 18.088 128.974 18.249
202310 15.970 129.810 16.009
202401 17.703 130.124 17.703

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.


Conn's  (NAS:CONN) 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.


Conn's Cyclically Adjusted PB Ratio Related Terms

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


Conn's (Conn's) Business Description

Traded in Other Exchanges
Address
2445 Technology Forest Boulevard, Suite 800, The Woodlands, TX, USA, 77381
Conn's Inc is a United-States-based specialty retailer engaged in the sale of durable consumer goods and related services. The company operates through two segments. The retail segment sells a broad range of merchandise, including furniture and mattress products, home appliances, consumer electronics, and home office products. The credit segment provides credit solutions for credit-constrained consumers based on customer risk and income level. A material portion of the company's customers finances purchases through its credit segment. The company focuses its business on the U.S. and generates its revenue from the retail segment.
Executives
Stephens Group, Llc 10 percent owner 100 RIVER BLUFF DRIVE, SUITE 500, LITTLE ROCK AR 72202
Ann B Gugino director 1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Timothy P Santo officer: Chief Accounting Officer 2445 TECHNOLOGY FOREST BLVD., STE. 800, THE WOODLANDS TX 77381
Karen Hartje director 251 1ST AVENUE N, SUITE 200, MINNEAPOLIS MN 55401-1672
Douglas H Martin director, 10 percent owner C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Paula W. & John P. Calhoun Family Trust - Wmas 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Warren Miles Amerine Stephens Family Trust One 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Brian Daly officer: Chief Human Resources Officer 4055 TECHNOLOGY FOREST BLVD., STE. 210, THE WOODLANDS TX 77381
Warren A Stephens 10 percent owner 111 CENTER STREET, LITTLE ROCK AR 72201
Harriet C Stephens 10 percent owner C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Was Family Trust Five 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Stephens Warren A Trust Uid 9/30/87 10 percent owner C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Thomas John Fenton officer: Chief Credit Officer 2445 TECHNOLOGY FOREST BLVD., SUITE 800, THE WOODLANDS TX 77381
Warren Miles Stephens 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
John Calhoun Stephens 10 percent owner 111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201