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Apollo Global Management (Apollo Global Management) Cyclically Adjusted PB Ratio : 13.20 (As of Apr. 27, 2024)


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What is Apollo Global Management Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Apollo Global Management's current share price is $112.22. Apollo Global Management's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.50. Apollo Global Management's Cyclically Adjusted PB Ratio for today is 13.20.

The historical rank and industry rank for Apollo Global Management's Cyclically Adjusted PB Ratio or its related term are showing as below:

APO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.97   Med: 5.41   Max: 13.49
Current: 13.16

During the past years, Apollo Global Management's highest Cyclically Adjusted PB Ratio was 13.49. The lowest was 2.97. And the median was 5.41.

APO's Cyclically Adjusted PB Ratio is ranked worse than
98.49% of 927 companies
in the Asset Management industry
Industry Median: 0.77 vs APO: 13.16

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.

Apollo Global Management's adjusted book value per share data for the three months ended in Dec. 2023 was $22.273. 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 $8.50 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Global Management Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Apollo Global Management'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.

Apollo Global Management Cyclically Adjusted PB Ratio Chart

Apollo Global Management 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 5.48 5.51 7.35 6.95 10.96

Apollo Global Management Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.95 7.02 8.73 10.47 10.96

Competitive Comparison of Apollo Global Management's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Apollo Global Management'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.


Apollo Global Management's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Apollo Global Management 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.

Apollo Global Management's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=112.22/8.5
=13.20

* 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.

Apollo Global Management's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Apollo Global Management's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=22.273/129.4194*129.4194
=22.273

Current CPI (Dec. 2023) = 129.4194.

Apollo Global Management Quarterly Data

Book Value per Share CPI Adj_Book
201403 16.875 99.695 21.906
201406 15.304 100.560 19.696
201409 12.473 100.428 16.074
201412 10.957 99.070 14.314
201503 9.868 99.621 12.820
201506 4.296 100.684 5.522
201509 4.000 100.392 5.157
201512 3.587 99.792 4.652
201603 2.995 100.470 3.858
201606 3.722 101.688 4.737
201609 3.914 101.861 4.973
201612 4.503 101.863 5.721
201703 4.864 102.862 6.120
201706 4.968 103.349 6.221
201709 5.503 104.136 6.839
201712 6.138 104.011 7.637
201803 4.965 105.290 6.103
201806 4.940 106.317 6.013
201809 5.337 106.507 6.485
201812 4.081 105.998 4.983
201903 3.810 107.251 4.598
201906 4.116 108.070 4.929
201909 5.442 108.329 6.501
201912 5.821 108.420 6.948
202003 0.011 108.902 0.013
202006 1.635 108.767 1.945
202009 2.340 109.815 2.758
202012 3.824 109.897 4.503
202103 5.955 111.754 6.896
202106 7.827 114.631 8.837
202109 8.532 115.734 9.541
202112 12.997 117.630 14.300
202203 19.274 121.301 20.564
202206 6.443 125.017 6.670
202209 -2.338 125.227 -2.416
202212 11.643 125.222 12.033
202303 13.253 127.348 13.469
202306 13.540 128.729 13.613
202309 12.413 129.860 12.371
202312 22.273 129.419 22.273

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.


Apollo Global Management  (NYSE:APO) 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.


Apollo Global Management Cyclically Adjusted PB Ratio Related Terms

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


Apollo Global Management (Apollo Global Management) Business Description

Traded in Other Exchanges
Address
9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.
Executives
James C Zelter director, officer: Co-President (See Remarks) APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, 14TH FLOOR, NEW YORK NY 10019
Martin Kelly officer: Chief Financial Officer APOLLO GLOBAL MANAGEMENT, LLC, 9 WEST 57TH STREET, 48TH FLOOR, NEW YORK NY 10019
A B Krongard director C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230
Joshua Harris other: See Remarks 404 WASHINGTON AVE, PH 810, MIAMI FL 33139
Mjh Partners Ii Llc other: See Remarks 404 WASHINGTON AVE, PH 810, MIAMI FL 33139
Patrick Toomey director C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 42ND FLOOR, NEW YORK NY 10019
John J Suydam officer: Chief Legal Officer C/O APOLLO MANAGEMENT LP, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Clayton Walter Joseph Iii director C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Jessica M Bibliowicz director NATIONAL FINANCIAL PARTNERS CORP., 340 MADISON AVENUE, 20TH FL, NEW YORK NY 10173
Louis-jacques Tanguy officer: Chief Acct. Off. & Controller C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
James Richard Belardi director, officer: CEO of Athene Holding Ltd. C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Alchemy Group Holdings Llc other: See Remarks 65 EAST 55TH STREET, 31ST FLOOR, NEW YORK NY 10022
Rwnm Series A Holdings Llc other: See Remarks 65 EAST 55TH STREET, 31ST FLOOR, NEW YORK NY 10022
Heritage Trust U/a/d 11/12/2018 other: See remarks. ELYSIUM MANAGEMENT LLC, SUITE 1401, 445 PARK AVENUE, NEW YORK NY 10022
Ldb 2014 Llc other: See remarks. ELYSIUM MANAGEMENT LLC, SUITE 1401, 445 PARK AVENUE, NEW YORK NY 10022