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Great-West Lifeco (FRA:GWS) Cyclically Adjusted PB Ratio : 1.57 (As of Jun. 08, 2024)


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What is Great-West Lifeco Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Great-West Lifeco's current share price is €26.60. Great-West Lifeco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €16.97. Great-West Lifeco's Cyclically Adjusted PB Ratio for today is 1.57.

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

FRA:GWS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.09   Med: 1.91   Max: 2.7
Current: 1.62

During the past years, Great-West Lifeco's highest Cyclically Adjusted PB Ratio was 2.70. The lowest was 1.09. And the median was 1.91.

FRA:GWS's Cyclically Adjusted PB Ratio is ranked worse than
67.87% of 417 companies
in the Insurance industry
Industry Median: 1.17 vs FRA:GWS: 1.62

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.

Great-West Lifeco's adjusted book value per share data for the three months ended in Mar. 2024 was €17.907. 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 €16.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Great-West Lifeco Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Great-West Lifeco'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.

Great-West Lifeco Cyclically Adjusted PB Ratio Chart

Great-West Lifeco 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 1.84 1.60 1.82 1.35 1.77

Great-West Lifeco 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 1.50 1.58 1.57 1.77 1.72

Competitive Comparison of Great-West Lifeco's Cyclically Adjusted PB Ratio

For the Insurance - Life subindustry, Great-West Lifeco'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.


Great-West Lifeco's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Great-West Lifeco's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Great-West Lifeco's Cyclically Adjusted PB Ratio falls into.



Great-West Lifeco 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.

Great-West Lifeco's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.60/16.97
=1.57

* 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.

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

For example, Great-West Lifeco'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)
=17.907/126.2576*126.2576
=17.907

Current CPI (Mar. 2024) = 126.2576.

Great-West Lifeco Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.899 99.473 13.834
201409 11.655 99.394 14.805
201412 11.812 98.367 15.161
201503 12.943 99.789 16.376
201506 13.173 100.500 16.549
201509 13.027 100.421 16.379
201512 13.428 99.947 16.963
201603 13.099 101.054 16.366
201606 13.140 102.002 16.265
201609 13.040 101.765 16.179
201612 14.041 101.449 17.475
201703 13.959 102.634 17.172
201706 13.355 103.029 16.366
201709 13.613 103.345 16.631
201712 13.311 103.345 16.262
201803 13.176 105.004 15.843
201806 13.846 105.557 16.561
201809 13.973 105.636 16.701
201812 14.445 105.399 17.304
201903 14.607 106.979 17.239
201906 13.881 107.690 16.274
201909 14.415 107.611 16.913
201912 14.713 107.769 17.237
202003 14.485 107.927 16.945
202006 14.404 108.401 16.777
202009 14.487 108.164 16.910
202012 14.742 108.559 17.145
202103 15.614 110.298 17.873
202106 16.096 111.720 18.191
202109 17.449 112.905 19.513
202112 15.781 113.774 17.513
202203 18.779 117.646 20.154
202206 19.658 120.806 20.545
202209 20.614 120.648 21.572
202212 17.292 120.964 18.049
202303 17.106 122.702 17.602
202306 17.253 124.203 17.538
202309 17.747 125.230 17.893
202312 17.678 125.072 17.846
202403 17.907 126.258 17.907

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.


Great-West Lifeco  (FRA:GWS) 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.


Great-West Lifeco Cyclically Adjusted PB Ratio Related Terms

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


Great-West Lifeco (FRA:GWS) Business Description

Address
100 Osborne Street North, Winnipeg, MB, CAN, R3C 1V3
Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, and Europe. The Canada business contributes approximately 35% of adjusted earnings and has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping business under the Empower brand in the United States, with an earnings contribution from the country approximating 20%. Great-West Lifeco also offers various products across Europe markets with a strong presence in the U.K., Ireland, and Germany. The Europe segment contributes around 28% of adjusted earnings and the reinsurance business accounts for around 17% of adjusted earnings.

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