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Hallmark Financial Services (Hallmark Financial Services) Cyclically Adjusted PB Ratio : 0.00 (As of May. 14, 2024)


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What is Hallmark Financial Services Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Hallmark Financial Services's current share price is $0.006. Hallmark Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $139.98. Hallmark Financial Services's Cyclically Adjusted PB Ratio for today is 0.00.

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

During the past years, Hallmark Financial Services's highest Cyclically Adjusted PB Ratio was 1.38. The lowest was 0.01. And the median was 0.82.

HALL's Cyclically Adjusted PB Ratio is not ranked *
in the Insurance industry.
Industry Median: 1.18
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Hallmark Financial Services's adjusted book value per share data for the three months ended in Sep. 2023 was $-4.272. 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 $139.98 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hallmark Financial Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hallmark Financial Services'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.

Hallmark Financial Services Cyclically Adjusted PB Ratio Chart

Hallmark Financial Services Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 1.24 0.26 0.30 0.04

Hallmark Financial Services Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.07 0.04 0.04 0.04 0.01

Competitive Comparison of Hallmark Financial Services's Cyclically Adjusted PB Ratio

For the Insurance - Property & Casualty subindustry, Hallmark Financial Services'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.


Hallmark Financial Services's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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



Hallmark Financial Services 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.

Hallmark Financial Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.006/139.98
=0.00

* 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.

Hallmark Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Hallmark Financial Services's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-4.272/129.8595*129.8595
=-4.272

Current CPI (Sep. 2023) = 129.8595.

Hallmark Financial Services Quarterly Data

Book Value per Share CPI Adj_Book
201312 123.612 98.326 163.255
201403 125.425 99.695 163.375
201406 127.843 100.560 165.093
201409 129.617 100.428 167.603
201412 131.150 99.070 171.910
201503 136.181 99.621 177.517
201506 136.294 100.684 175.788
201509 136.224 100.392 176.210
201512 137.206 99.792 178.546
201603 140.050 100.470 181.017
201606 142.536 101.688 182.024
201609 145.326 101.861 185.272
201612 142.777 101.863 182.019
201703 145.979 102.862 184.293
201706 145.706 103.349 183.082
201709 144.000 104.136 179.571
201712 138.212 104.011 172.560
201803 138.547 105.290 170.878
201806 142.263 106.317 173.766
201809 147.880 106.507 180.304
201812 141.752 105.998 173.662
201903 150.996 107.251 182.827
201906 159.761 108.070 191.974
201909 163.566 108.329 196.074
201912 145.274 108.420 174.001
202003 103.876 108.902 123.867
202006 111.442 108.767 133.053
202009 97.110 109.815 114.836
202012 92.440 109.897 109.232
202103 98.922 111.754 114.948
202106 98.445 114.631 111.523
202109 97.829 115.734 109.769
202112 96.586 117.630 106.628
202203 93.366 121.301 99.954
202206 52.996 125.017 55.049
202209 36.166 125.227 37.504
202212 33.156 125.222 34.384
202303 12.942 127.348 13.197
202306 6.811 128.729 6.871
202309 -4.272 129.860 -4.272

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.


Hallmark Financial Services  (OTCPK:HALL) 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.


Hallmark Financial Services Cyclically Adjusted PB Ratio Related Terms

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


Hallmark Financial Services (Hallmark Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
5420 Lyndon B. Johnson Freeway, Suite 1100, Two Lincoln Centre, Dallas, TX, USA, 75240
Hallmark Financial Services Inc is an insurance holding company, which is engaged in the sale of property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting, and servicing insurance products, as well as providing other insurance-related services. The company operates in segments such as Standard Commercial Segment, Specialty Commercial Segment, and Personal Segment. Geographically, it operates through the region of United States and derives a majority of its revenue from Specialty Commercial Segment, which includes Commercial Auto business unit, E&S Casualty business unit, E&S Property business unit, Professional Liability business unit, and Aerospace & Programs business unit.
Executives
Doug Slape director 5420 LYNDON B JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Christopher James Kenney officer: Chief Accounting Officer 5420 LYNDON B JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240-2345
Naveen Anand officer: President & CEO 777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Scott T Berlin director 14651 DALLAS PARKWAY STE 900, DALLAS TX 75254
James H Graves director ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Jeffrey R Passmore officer: CHIEF ACCOUNTING OFFICER 777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Mark E Pape director 12050 MEADOW LAKE DRIVE, ARGYLE TX 76226
Kevin Kasitz officer: PRESIDENT OF SUBSIDIARY
Mark E Schwarz director, 10 percent owner, officer: C.E.O. & CHAIRMAN 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Mark J Morrison officer: CHIEF FINANCIAL OFFICER 777 W MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Ncm Services, Inc. 10 percent owner 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Schwarz 2012 Family Trust 10 percent owner 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Detroit Stoker Co other: See Explanation 1510 E. FIRST ST., MONROE MI 48161
Jim W Henderson director
Newcastle Special Opportunity Fund I, L.p. other: see attached explanation 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201

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