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Sprott (FRA:A781) Cyclically Adjusted PB Ratio : 3.31 (As of Jun. 09, 2024)


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What is Sprott Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Sprott's current share price is €40.00. Sprott's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.09. Sprott's Cyclically Adjusted PB Ratio for today is 3.31.

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

FRA:A781' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 2.36   Max: 3.74
Current: 3.35

During the past years, Sprott's highest Cyclically Adjusted PB Ratio was 3.74. The lowest was 1.27. And the median was 2.36.

FRA:A781's Cyclically Adjusted PB Ratio is ranked worse than
91.26% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs FRA:A781: 3.35

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.

Sprott's adjusted book value per share data for the three months ended in Mar. 2024 was €11.137. 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 €12.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sprott Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sprott'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.

Sprott Cyclically Adjusted PB Ratio Chart

Sprott 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 1.79 2.13 3.24 2.52 2.53

Sprott 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 2.76 2.38 2.31 2.53 2.81

Competitive Comparison of Sprott's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Sprott'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.


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

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

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



Sprott 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=40.00/12.09
=3.31

* 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.

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

For example, Sprott'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)
=11.137/126.2576*126.2576
=11.137

Current CPI (Mar. 2024) = 126.2576.

Sprott Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.831 99.473 15.017
201409 11.930 99.394 15.154
201412 11.887 98.367 15.257
201503 12.580 99.789 15.917
201506 12.326 100.500 15.485
201509 10.008 100.421 12.583
201512 9.713 99.947 12.270
201603 9.823 101.054 12.273
201606 10.153 102.002 12.567
201609 10.152 101.765 12.595
201612 10.450 101.449 13.006
201703 10.388 102.634 12.779
201706 9.562 103.029 11.718
201709 10.011 103.345 12.231
201712 9.870 103.345 12.058
201803 9.555 105.004 11.489
201806 9.968 105.557 11.923
201809 10.058 105.636 12.021
201812 9.891 105.399 11.848
201903 10.093 106.979 11.912
201906 10.132 107.690 11.879
201909 10.222 107.611 11.993
201912 10.012 107.769 11.730
202003 9.374 107.927 10.966
202006 9.717 108.401 11.318
202009 9.607 108.164 11.214
202012 9.649 108.559 11.222
202103 9.768 110.298 11.181
202106 9.906 111.720 11.195
202109 9.966 112.905 11.145
202112 10.003 113.774 11.101
202203 10.752 117.646 11.539
202206 10.828 120.806 11.317
202209 10.959 120.648 11.469
202212 10.084 120.964 10.525
202303 10.318 122.702 10.617
202306 10.613 124.203 10.789
202309 11.029 125.230 11.119
202312 11.032 125.072 11.137
202403 11.137 126.258 11.137

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.


Sprott  (FRA:A781) 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.


Sprott Cyclically Adjusted PB Ratio Related Terms

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


Sprott (FRA:A781) Business Description

Traded in Other Exchanges
Address
200 Bay Street, South Tower, Suite 2600, Royal Bank Plaza, Toronto, ON, CAN, M5J 2J1
Sprott Inc is an alternative asset manager operating in Canada. The company has five reportable segments: Exchange Listed Products, which includes management services to the company's closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company's branded funds, fixed-term LPs and managed accounts; Private strategies; Brokerage segment includes activities of Canadian and U.S. broker-dealers; Corporate; and Others.

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