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Willis Lease Finance (FRA:WIJ) Cyclically Adjusted PB Ratio : 1.15 (As of Jun. 09, 2024)


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What is Willis Lease Finance Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Willis Lease Finance's current share price is €56.50. Willis Lease Finance's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €48.95. Willis Lease Finance's Cyclically Adjusted PB Ratio for today is 1.15.

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

FRA:WIJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.98   Max: 2.41
Current: 1.18

During the past years, Willis Lease Finance's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 0.45. And the median was 0.98.

FRA:WIJ's Cyclically Adjusted PB Ratio is ranked better than
61.44% of 682 companies
in the Business Services industry
Industry Median: 1.59 vs FRA:WIJ: 1.18

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.

Willis Lease Finance's adjusted book value per share data for the three months ended in Mar. 2024 was €61.941. 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 €48.95 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Willis Lease Finance Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Willis Lease Finance'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.

Willis Lease Finance Cyclically Adjusted PB Ratio Chart

Willis Lease Finance 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 1.82 0.85 0.91 1.25 0.95

Willis Lease Finance 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 1.13 0.78 0.83 0.95 0.93

Competitive Comparison of Willis Lease Finance's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, Willis Lease Finance'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.


Willis Lease Finance's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

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

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



Willis Lease Finance 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.

Willis Lease Finance's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=56.50/48.95
=1.15

* 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.

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

For example, Willis Lease Finance'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)
=61.941/131.7762*131.7762
=61.941

Current CPI (Mar. 2024) = 131.7762.

Willis Lease Finance Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.232 100.560 25.202
201409 20.479 100.428 26.871
201412 21.072 99.070 28.029
201503 24.425 99.621 32.309
201506 23.618 100.684 30.911
201509 23.656 100.392 31.051
201512 25.445 99.792 33.600
201603 25.404 100.470 33.320
201606 26.098 101.688 33.820
201609 26.619 101.861 34.437
201612 29.062 101.863 37.596
201703 29.441 102.862 37.717
201706 28.943 103.349 36.904
201709 28.118 104.136 35.581
201712 34.083 104.011 43.181
201803 34.028 105.290 42.588
201806 35.677 106.317 44.220
201809 37.236 106.507 46.071
201812 40.817 105.998 50.744
201903 44.169 107.251 54.269
201906 44.656 108.070 54.452
201909 49.348 108.329 60.029
201912 49.607 108.420 60.293
202003 50.358 108.902 60.936
202006 48.502 108.767 58.762
202009 47.154 109.815 56.584
202012 45.543 109.897 54.610
202103 47.564 111.754 56.086
202106 45.342 114.631 52.124
202109 47.587 115.734 54.183
202112 50.935 117.630 57.061
202203 51.923 121.301 56.407
202206 53.662 125.017 56.563
202209 59.420 125.227 62.528
202212 57.751 125.222 60.774
202303 57.289 127.348 59.281
202306 56.252 128.729 57.584
202309 59.005 129.860 59.876
202312 58.772 129.419 59.842
202403 61.941 131.776 61.941

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.


Willis Lease Finance  (FRA:WIJ) 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.


Willis Lease Finance Cyclically Adjusted PB Ratio Related Terms

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


Willis Lease Finance (FRA:WIJ) Business Description

Traded in Other Exchanges
Address
4700 Lyons Technology Parkway, Coconut Creek, FL, USA, 33073
Willis Lease Finance Corp with its subsidiaries is a lessor and servicer of commercial aircraft and aircraft engines. The company has two reportable business segments namely Leasing and Related Operations which involves acquiring and leasing, pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components.

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