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Alleghany (Alleghany) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


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What is Alleghany Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alleghany Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alleghany'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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Alleghany Cyclically Adjusted PB Ratio Chart

Alleghany Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted PB Ratio
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Alleghany Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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Competitive Comparison of Alleghany's Cyclically Adjusted PB Ratio

For the Insurance - Property & Casualty subindustry, Alleghany'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.


Alleghany's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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



Alleghany 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.

Alleghany's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2022 is calculated as:

For example, Alleghany's adjusted Book Value per Share data for the three months ended in Jun. 2022 was:

Adj_Book=Book Value per Share/CPI of Jun. 2022 (Change)*Current CPI (Jun. 2022)
=587.616/125.0168*125.0168
=587.616

Current CPI (Jun. 2022) = 125.0168.

Alleghany Quarterly Data

Book Value per Share CPI Adj_Book
201209 388.670 97.633 497.682
201212 379.133 96.871 489.289
201303 394.708 98.209 502.448
201306 387.588 98.518 491.840
201309 400.600 98.790 506.951
201312 412.959 98.326 525.058
201403 431.073 99.695 540.565
201406 451.653 100.560 561.501
201409 456.100 100.428 567.773
201412 465.509 99.070 587.429
201503 476.866 99.621 598.430
201506 478.348 100.684 593.953
201509 476.125 100.392 592.915
201512 486.018 99.792 608.868
201603 503.429 100.470 626.424
201606 512.837 101.688 630.489
201609 525.127 101.861 644.503
201612 515.240 101.863 632.358
201703 530.863 102.862 645.201
201706 547.058 103.349 661.752
201709 532.403 104.136 639.160
201712 553.202 104.011 664.925
201803 545.069 105.290 647.194
201806 560.491 106.317 659.075
201809 576.140 106.507 676.269
201812 527.747 105.998 622.439
201903 570.090 107.251 664.527
201906 601.897 108.070 696.286
201909 612.867 108.329 707.275
201912 610.997 108.420 704.527
202003 549.072 108.902 630.324
202006 590.854 108.767 679.126
202009 606.208 109.815 690.127
202012 623.573 109.897 709.366
202103 623.776 111.754 697.802
202106 658.230 114.631 717.864
202109 644.370 115.734 696.052
202112 675.581 117.630 718.008
202203 638.828 121.301 658.397
202206 587.616 125.017 587.616

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.


Alleghany  (NYSE:Y) 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.


Alleghany Cyclically Adjusted PB Ratio Related Terms

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


Alleghany (Alleghany) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1411 Broadway, 34th Floor, New York, NY, USA, 10018
Alleghany Corp is a property and casualty insurance company that owns and manages subsidiaries that operate reinsurance and insurance operations. The company also executes certain private capital investments. The company classifies its business into three reportable segments: reinsurance, insurance, and Alleghany Capital. These segments' underwriting activities are evaluated separately from investment and corporate activities. Reinsurance contracts are generally classified as a treaty or facultative contracts. Treaty reinsurance provides for the automatic reinsuring of all or a portion of a specified class of risk underwritten by the ceding company. Facultative reinsurance is geared toward individual risks.
Executives
Christopher Kent Dalrymple officer: VP and General Counsel C/O DARWIN PROFESSIONAL UNDERWRITERS INC 9 FARM SPRINGS ROAD FARMINGTON CT 06032
Ian H Chippendale director TRANSATLANTIC HOLDINGS, INC. 80 PINE ST NEW YORK NY 10005
Joseph Patrick Brandon officer: Executive Vice President C/O ALLEGHANY CORPORATION 1411 BROADWAY, 34TH FLOOR NEW YORK NY 10018
Chris H Cheesman director C/O ALLEGHANY CORPORATION 1411 BROADWAY, 34TH FLOOR NEW YORK NY 10018
Kerry J Jacobs officer: SVP, Chief Financial Officer C/O ALLEGHANY CORPORATION 1411 BROADWAY, 34TH FLOOR NEW YORK NY 10018
William K Lavin director 375 PARK AVENUE SUITE 3201 NEW YORK NY 10152
John F Shannon officer: SVP, chief investment officer C/O ALLEGHANY CORPORATION 1411 BROADWAY, 34TH FLOOR NEW YORK NY 10018
Phillip M Martineau director 414 EAST THIRD STREET PO BOX 1109 MUSCATINE IA 52761
Lauren M Tyler director C/O ALLEGHANY CORPORATION, 1411 BROADWAY, 34TH FLOOR, NEW YORK NY 10018
Jefferson Kirby director ALLEGHANY CORPORATION 7 TIMES SQUARE TOWER, 17TH FLOOR NEW YORK NY 10036
Rex D Adams director
Raymond Wong director C/O SPRING MOUNTAIN CAPITAL, LP 650 MADISON AVENUE, 20TH FLOOR NEW YORK NY 10022
James F Will director ST VINCENT COLLEGE, 300 PRASER PURCHASE RD, LATROBE PA 15650
Roger Bryce Gorham officer: SVP, Chief Financial Officer C/O ALLEGHANY CORPORATION 1411 BROADWAY, 34TH FLOOR NEW YORK NY 10018
Sennott John Langton Jr officer: SVP C/O ALLEGHANY CORPORATION 1411 BROADWAY, 34TH FLOOR NEW YORK NY 10018

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