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National CineMedia (FRA:XWM0) Cyclically Adjusted PB Ratio : (As of Jun. 01, 2024)


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What is National CineMedia Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


National CineMedia Cyclically Adjusted PB Ratio Historical Data

The historical data trend for National CineMedia'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.

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National CineMedia Cyclically Adjusted PB Ratio Chart

National CineMedia Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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National CineMedia Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of National CineMedia's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, National CineMedia'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.


National CineMedia's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, National CineMedia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



National CineMedia 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.

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

For example, National CineMedia'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)
=3.824/131.7762*131.7762
=3.824

Current CPI (Mar. 2024) = 131.7762.

National CineMedia Quarterly Data

Book Value per Share CPI Adj_Book
201406 -50.017 100.560 -65.544
201409 -53.590 100.428 -70.318
201412 -56.348 99.070 -74.951
201503 -65.823 99.621 -87.069
201506 -63.580 100.684 -83.214
201509 -63.920 100.392 -83.903
201512 -63.071 99.792 -83.285
201603 -62.733 100.470 -82.280
201606 -62.887 101.688 -81.494
201609 -63.609 101.861 -82.290
201612 -56.714 101.863 -73.369
201703 -66.103 102.862 -84.684
201706 -63.401 103.349 -80.840
201709 -40.294 104.136 -50.989
201712 -40.176 104.011 -50.901
201803 -38.403 105.290 -48.064
201806 -42.424 106.317 -52.583
201809 -41.462 106.507 -51.299
201812 -42.022 105.998 -52.242
201903 -43.587 107.251 -53.554
201906 -43.901 108.070 -53.531
201909 -45.410 108.329 -55.239
201912 -44.032 108.420 -53.517
202003 -46.031 108.902 -55.700
202006 -47.326 108.767 -57.337
202009 -47.129 109.815 -56.554
202012 -49.831 109.897 -59.752
202103 -51.271 111.754 -60.457
202106 -53.189 114.631 -61.144
202109 -56.284 115.734 -64.086
202112 -57.813 117.630 -64.766
202203 -61.583 121.301 -66.901
202206 -64.380 125.017 -67.861
202209 -69.821 125.227 -73.473
202212 -37.884 125.222 -39.867
202303 -28.537 127.348 -29.529
202306 -1.023 128.729 -1.047
202309 3.963 129.860 4.021
202312 4.117 129.419 4.192
202403 3.824 131.776 3.824

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.


National CineMedia  (FRA:XWM0) 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.


National CineMedia Cyclically Adjusted PB Ratio Related Terms

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National CineMedia (FRA:XWM0) Business Description

Traded in Other Exchanges
Address
6300 South Syracuse Way, Suite 300, Centennial, CO, USA, 80111
National CineMedia Inc is a holding company that operates a digital in-theatre media network across North America. The company displays ads in movie theaters, online, and through mobile video. National CineMedia's most important operation is First Look, its prefeature programming that plays before a movie and related trailers start. The company also operates an online and mobile network in combination with movie theaters that include movie content, trailers, showtimes, and other features. The company derives revenue from the sale of advertising to national, regional and local businesses in Noovie show, cinema advertising and entertainment show seen on movie screens across the U.S.

National CineMedia (FRA:XWM0) Headlines

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