GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lincoln Educational Services Corp (NAS:LINC) » Definitions » Cyclically Adjusted PB Ratio

Lincoln Educational Services (Lincoln Educational Services) Cyclically Adjusted PB Ratio : 3.11 (As of Jun. 05, 2024)


View and export this data going back to 2005. Start your Free Trial

What is Lincoln Educational Services Cyclically Adjusted PB Ratio?

As of today (2024-06-05), Lincoln Educational Services's current share price is $11.14. Lincoln Educational Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.58. Lincoln Educational Services's Cyclically Adjusted PB Ratio for today is 3.11.

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

LINC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.47   Max: 3.39
Current: 3.11

During the past years, Lincoln Educational Services's highest Cyclically Adjusted PB Ratio was 3.39. The lowest was 0.03. And the median was 0.47.

LINC's Cyclically Adjusted PB Ratio is ranked worse than
82.35% of 136 companies
in the Education industry
Industry Median: 1.175 vs LINC: 3.11

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.

Lincoln Educational Services's adjusted book value per share data for the three months ended in Mar. 2024 was $5.231. 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 $3.58 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lincoln Educational Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lincoln Educational 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.

Lincoln Educational Services Cyclically Adjusted PB Ratio Chart

Lincoln Educational Services 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 0.47 1.33 1.72 1.49 2.82

Lincoln Educational Services 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 1.49 1.81 2.32 2.82 2.89

Competitive Comparison of Lincoln Educational Services's Cyclically Adjusted PB Ratio

For the Education & Training Services subindustry, Lincoln Educational 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.


Lincoln Educational Services's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Lincoln Educational Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Lincoln Educational 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.

Lincoln Educational Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.14/3.58
=3.11

* 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.

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

For example, Lincoln Educational Services'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)
=5.231/131.7762*131.7762
=5.231

Current CPI (Mar. 2024) = 131.7762.

Lincoln Educational Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.019 100.560 6.577
201409 3.462 100.428 4.543
201412 3.456 99.070 4.597
201503 3.215 99.621 4.253
201506 2.908 100.684 3.806
201509 3.041 100.392 3.992
201512 3.401 99.792 4.491
201603 3.175 100.470 4.164
201606 2.929 101.688 3.796
201609 2.935 101.861 3.797
201612 2.217 101.863 2.868
201703 1.796 102.862 2.301
201706 1.533 103.349 1.955
201709 1.502 104.136 1.901
201712 1.854 104.011 2.349
201803 1.590 105.290 1.990
201806 1.431 106.317 1.774
201809 1.414 106.507 1.749
201812 1.618 105.998 2.011
201903 1.377 107.251 1.692
201906 1.263 108.070 1.540
201909 1.331 108.329 1.619
201912 1.710 108.420 2.078
202003 1.552 108.902 1.878
202006 1.589 108.767 1.925
202009 1.711 109.815 2.053
202012 3.440 109.897 4.125
202103 3.527 111.754 4.159
202106 3.624 114.631 4.166
202109 3.779 115.734 4.303
202112 4.793 117.630 5.369
202203 4.718 121.301 5.125
202206 4.698 125.017 4.952
202209 4.805 125.227 5.056
202212 4.651 125.222 4.894
202303 4.308 127.348 4.458
202306 4.926 128.729 5.043
202309 5.012 129.860 5.086
202312 5.319 129.419 5.416
202403 5.231 131.776 5.231

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.


Lincoln Educational Services  (NAS:LINC) 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.


Lincoln Educational Services Cyclically Adjusted PB Ratio Related Terms

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


Lincoln Educational Services (Lincoln Educational Services) Business Description

Traded in Other Exchanges
Address
14 Sylvan Way, Suite A, Parsippany, NJ, USA, 07054
Lincoln Educational Services Corp provides diversified career-oriented post-secondary education to high school graduates and working adults. The company offers programs in automotive technology, skilled trades, healthcare services, hospitality services and business and information technology. Its business is organized into three reportable business segments: Transportation and Skilled Trades, Healthcare and Other Professions (HOPS), and Transitional. It derives most of the revenue from the Transportation and Skilled Trades segment which offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades such as automotive, diesel, HVAC, welding, and manufacturing.
Executives
Burke James J Jr director C/O ANNTAYLOR STORES CORP, 7 TIMES SQUARE, 15TH FLOOR, NEW YORK NY 10036
J Barry Morrow director COLLEGIATE FUNDING SERVICES, 100 RIVERSIDE PARKWAY, FREDERICKSBURG VA 22406
Juniper Investment Company, Llc 10 percent owner 555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022-3315
Ronald Edward Harbour director C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Brian K Meyers officer: CFO and Treasurer C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE. 340, WEST ORANGE NJ 07052
Kevin M Carney director 12735 GRAN BAY PARKWAY WEST, BUILDING 200, JACKSONVILLE FL 32258
Scott M Shaw officer: Executive Vice President C/O LINCOLN EDUCATIONAL SERVICES CORP, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Chad D Nyce officer: Chief Innovation Officer C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE 340, WEST ORANGE NJ 07052
Sylvia Jean Young director C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 14 SYLVAN WAY, STE. A, PARSIPPANY NJ 07054
Juniper Targeted Opportunity Fund, L.p. 10 percent owner 555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022
Felecia J. Pryor director 3850 W. HAMLIN ROAD, AUBURN HILLS MI 48326
Michael A Plater director C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Carlton Rose director C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Stephen M Buchenot officer: Group VP of Operations C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Celia Currin director C/O LINCOLN EDUCATIONAL SERVICES CORP, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052