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As of today (2024-05-14), Fundamental Global's current share price is $1.21. Fundamental Global's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $6.90. Fundamental Global's Cyclically Adjusted PB Ratio for today is 0.18.
The historical rank and industry rank for Fundamental Global's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Fundamental Global's highest Cyclically Adjusted PB Ratio was 0.42. The lowest was 0.18. And the median was 0.23.
FGF's Cyclically Adjusted PB Ratio is ranked better thanThe 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.
Fundamental Global's adjusted book value per share data for the three months ended in Dec. 2023 was $1.906. 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 $6.90 for the trailing ten years ended in Dec. 2023.
The historical data trend for Fundamental Global'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.
Fundamental Global Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | 0.41 | 0.37 | 0.27 | 0.20 | 0.23 |
For the Insurance - Diversified subindustry, Fundamental Global'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.
For the Insurance industry and Financial Services sector, Fundamental Global's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Fundamental Global's Cyclically Adjusted PB Ratio falls into.
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.
Fundamental Global's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 1.21 | / | 6.9 | |
= | 0.18 |
* 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.
Fundamental Global's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Fundamental Global'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) |
= | 1.906 | / | 129.4194 | * | 129.4194 | |
= | 1.906 |
Current CPI (Dec. 2023) = 129.4194.
Fundamental Global Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201403 | 8.173 | 99.695 | 10.610 |
201406 | 7.658 | 100.560 | 9.856 |
201409 | 7.738 | 100.428 | 9.972 |
201412 | 7.850 | 99.070 | 10.255 |
201503 | 7.704 | 99.621 | 10.008 |
201506 | 7.637 | 100.684 | 9.817 |
201509 | 7.665 | 100.392 | 9.881 |
201512 | 7.745 | 99.792 | 10.044 |
201603 | 7.604 | 100.470 | 9.795 |
201606 | 7.848 | 101.688 | 9.988 |
201609 | 7.565 | 101.861 | 9.612 |
201612 | 7.782 | 101.863 | 9.887 |
201703 | 7.834 | 102.862 | 9.857 |
201706 | 7.992 | 103.349 | 10.008 |
201709 | 7.619 | 104.136 | 9.469 |
201712 | 7.820 | 104.011 | 9.730 |
201803 | 7.862 | 105.290 | 9.664 |
201806 | 7.799 | 106.317 | 9.494 |
201809 | 7.373 | 106.507 | 8.959 |
201812 | 7.525 | 105.998 | 9.188 |
201903 | 7.645 | 107.251 | 9.225 |
201906 | 7.002 | 108.070 | 8.385 |
201909 | 6.343 | 108.329 | 7.578 |
201912 | 7.487 | 108.420 | 8.937 |
202003 | 6.068 | 108.902 | 7.211 |
202006 | 5.595 | 108.767 | 6.657 |
202009 | 3.811 | 109.815 | 4.491 |
202012 | 3.346 | 109.897 | 3.940 |
202103 | 3.304 | 111.754 | 3.826 |
202106 | 3.054 | 114.631 | 3.448 |
202109 | 1.984 | 115.734 | 2.219 |
202112 | 1.792 | 117.630 | 1.972 |
202203 | 1.139 | 121.301 | 1.215 |
202206 | 0.576 | 125.017 | 0.596 |
202209 | 1.632 | 125.227 | 1.687 |
202212 | 1.587 | 125.222 | 1.640 |
202303 | 1.742 | 127.348 | 1.770 |
202306 | 1.421 | 128.729 | 1.429 |
202309 | 1.970 | 129.860 | 1.963 |
202312 | 1.906 | 129.419 | 1.906 |
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.
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.
Thank you for viewing the detailed overview of Fundamental Global's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Fundamental Global Gp, Llc | 10 percent owner | 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117 |
Fg Financial Holdings, Llc | 10 percent owner | 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117 |
Hassan Baqar | director | KINGSWAY FINANCIAL SERVICES INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143 |
Govignon Richard Edward Jr | director | 54 ANNETTE DR, MARLBORO NJ 07746 |
Joseph H Moglia | 10 percent owner | AMERITRADE HOLDING CORP, 4211 S 102ND ST, OMAHA NE 68127 |
Kyle Cerminara | director, 10 percent owner | C/O FUNDAMENTAL GLOBAL INVESTORS, LLC, 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117 |
Fg Group Holdings Inc. | 10 percent owner | 4201 CONGRESS STREET, SUITE 175, CHARLOTTE NC 28209 |
Bk Technologies Corp | 10 percent owner | 7100 TECHNOLOGY DRIVE, WEST MELBOURNE FL 32904 |
Fundamental Global Investors, Llc | director, 10 percent owner | 136 CORPORATE PARK DRIVE, SUITE G, MOORESVILLE NC 28117 |
Lewis M Johnson | director, 10 percent owner | C/O FUNDAMENTAL GLOBAL INVESTORS, LLC, 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117 |
Brian D Bottjer | officer: SVP and Controller | 324 S. HYDE PARK AVENUE, SUITE 210, TAMPA FL 33606 |
Marsha G King | director | C/O 1347 PROPERTY INSURANCE HOLDINGS, IN, 1511 N. WESTSHORE BLVD., SUITE 870, TAMPA FL 33607 |
Rita Hayes | director | C/O 1347 PROPERTY INSURANCE HOLDINGS, IN, 1511 N. WESTSHORE BLVD., SUITE 870, TAMPA FL 33607 |
Scott D Wollney | director | 1340 BUTTONWOOD LANE, GLENVIEW IL 60025 |
E. Gray Payne | director | C/O RELM WIRELESS CORPORATION, 7100 TECHNOLOGY DRIVE, WEST MELBOURNE FL 32904 |
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