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Ellington Credit Co (STU:73Z) Cyclically Adjusted PB Ratio : 0.44 (As of Jun. 06, 2024)


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What is Ellington Credit Co Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Ellington Credit Co's current share price is €6.40. Ellington Credit Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.68. Ellington Credit Co's Cyclically Adjusted PB Ratio for today is 0.44.

The historical rank and industry rank for Ellington Credit Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:73Z' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.41   Max: 0.48
Current: 0.44

During the past years, Ellington Credit Co's highest Cyclically Adjusted PB Ratio was 0.48. The lowest was 0.31. And the median was 0.41.

STU:73Z's Cyclically Adjusted PB Ratio is ranked better than
81.85% of 942 companies
in the Asset Management industry
Industry Median: 0.8 vs STU:73Z: 0.44

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.

Ellington Credit Co's adjusted book value per share data for the three months ended in Mar. 2024 was €6.634. 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 €14.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ellington Credit Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ellington Credit Co'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.

Ellington Credit Co Cyclically Adjusted PB Ratio Chart

Ellington Credit Co 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 - - - 0.41 0.38

Ellington Credit Co 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 0.43 0.43 0.37 0.38 0.43

Competitive Comparison of Ellington Credit Co's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Ellington Credit Co'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.


Ellington Credit Co's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ellington Credit Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ellington Credit Co's Cyclically Adjusted PB Ratio falls into.



Ellington Credit Co 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.

Ellington Credit Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.40/14.68
=0.44

* 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.

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

For example, Ellington Credit Co'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)
=6.634/131.7762*131.7762
=6.634

Current CPI (Mar. 2024) = 131.7762.

Ellington Credit Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.769 100.560 18.043
201409 14.380 100.428 18.869
201412 14.481 99.070 19.262
201503 16.365 99.621 21.647
201506 15.312 100.684 20.041
201509 14.438 100.392 18.952
201512 14.557 99.792 19.223
201603 13.825 100.470 18.133
201606 13.692 101.688 17.743
201609 13.987 101.861 18.095
201612 14.709 101.863 19.029
201703 14.349 102.862 18.382
201706 13.090 103.349 16.691
201709 12.381 104.136 15.667
201712 12.206 104.011 15.464
201803 11.273 105.290 14.109
201806 11.728 106.317 14.536
201809 11.484 106.507 14.209
201812 10.811 105.998 13.440
201903 11.227 107.251 13.794
201906 10.975 108.070 13.383
201909 11.275 108.329 13.715
201912 11.622 108.420 14.126
202003 10.264 108.902 12.420
202006 11.365 108.767 13.769
202009 11.178 109.815 13.413
202012 11.081 109.897 13.287
202103 11.102 111.754 13.091
202106 10.399 114.631 11.954
202109 10.442 115.734 11.889
202112 10.411 117.630 11.663
202203 9.205 121.301 10.000
202206 8.580 125.017 9.044
202209 7.854 125.227 8.265
202212 7.932 125.222 8.347
202303 7.765 127.348 8.035
202306 7.491 128.729 7.668
202309 6.581 129.860 6.678
202312 6.716 129.419 6.838
202403 6.634 131.776 6.634

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.


Ellington Credit Co  (STU:73Z) 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.


Ellington Credit Co Cyclically Adjusted PB Ratio Related Terms

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


Ellington Credit Co (STU:73Z) Business Description

Traded in Other Exchanges
Address
53 Forest Avenue, Old Greenwich, CT, USA, 06870
Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them.

Ellington Credit Co (STU:73Z) Headlines

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