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The Carlyle Group (The Carlyle Group) Cyclically Adjusted PB Ratio : 6.68 (As of Apr. 28, 2024)


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What is The Carlyle Group Cyclically Adjusted PB Ratio?

As of today (2024-04-28), The Carlyle Group's current share price is $46.11. The Carlyle Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $6.90. The Carlyle Group's Cyclically Adjusted PB Ratio for today is 6.68.

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

CG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.16   Med: 6.48   Max: 15.74
Current: 6.62

During the past years, The Carlyle Group's highest Cyclically Adjusted PB Ratio was 15.74. The lowest was 4.16. And the median was 6.48.

CG's Cyclically Adjusted PB Ratio is ranked worse than
95.9% of 927 companies
in the Asset Management industry
Industry Median: 0.77 vs CG: 6.62

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.

The Carlyle Group's adjusted book value per share data for the three months ended in Dec. 2023 was $14.368. 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 $6.90 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Carlyle Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The Carlyle Group'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.

The Carlyle Group Cyclically Adjusted PB Ratio Chart

The Carlyle Group 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 7.23 7.99 13.43 5.51 5.90

The Carlyle Group 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 5.51 5.31 5.11 4.54 5.90

Competitive Comparison of The Carlyle Group's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, The Carlyle Group'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.


The Carlyle Group's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



The Carlyle Group 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.

The Carlyle Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.11/6.9
=6.68

* 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.

The Carlyle Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, The Carlyle Group'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)
=14.368/129.4194*129.4194
=14.368

Current CPI (Dec. 2023) = 129.4194.

The Carlyle Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.644 99.695 3.432
201406 2.464 100.560 3.171
201409 2.152 100.428 2.773
201412 2.231 99.070 2.914
201503 1.890 99.621 2.455
201506 2.122 100.684 2.728
201509 1.835 100.392 2.366
201512 1.558 99.792 2.021
201603 1.241 100.470 1.599
201606 1.198 101.688 1.525
201609 1.080 101.861 1.372
201612 0.943 101.863 1.198
201703 1.230 102.862 1.548
201706 1.551 103.349 1.942
201709 1.767 104.136 2.196
201712 1.878 104.011 2.337
201803 1.974 105.290 2.426
201806 1.965 106.317 2.392
201809 1.937 106.507 2.354
201812 1.742 105.998 2.127
201903 2.072 107.251 2.500
201906 2.472 108.070 2.960
201909 2.615 108.329 3.124
201912 1.782 108.420 2.127
202003 5.355 108.902 6.364
202006 5.616 108.767 6.682
202009 6.260 109.815 7.378
202012 7.607 109.897 8.958
202103 9.765 111.754 11.309
202106 12.235 114.631 13.813
202109 13.349 115.734 14.927
202112 14.854 117.630 16.343
202203 16.341 121.301 17.435
202206 16.571 125.017 17.155
202209 16.836 125.227 17.400
202212 17.171 125.222 17.747
202303 17.053 127.348 17.330
202306 16.568 128.729 16.657
202309 16.412 129.860 16.356
202312 14.368 129.419 14.368

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.


The Carlyle Group  (NAS:CG) 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.


The Carlyle Group Cyclically Adjusted PB Ratio Related Terms

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


The Carlyle Group (The Carlyle Group) Business Description

Traded in Other Exchanges
Address
1001 Pennsylvania Avenue, NW, Washington, DC, USA, 20004-2505
The Carlyle Group is one of the world's largest alternative-asset managers, with $382.3 billion in total assets under management, including $273.0 billion in fee-earning AUM, at the end of September 2023. The company has three core business segments: private equity, which includes private equity, real estate, infrastructure, and natural resources funds (accounting for 40% of fee-earning AUM and 64% of base management fees during 2023), global credit (46% and 25%) and investment solutions (14% and 11%). The firm primarily serves institutional investors and high-net-worth individuals. Carlyle operates through 29 offices across five continents, serving more than 2,900 active carry fund investors from 88 countries.
Executives
Harvey M Schwartz director, officer: Chief Executive Officer C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
John C. Redett officer: Chief Financial Officer C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE NW, SUITE 220 S, WASHINGTON DC 20004
Jeffrey W. Ferguson officer: General Counsel C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Andrews Charles Elliott Jr. officer: Chief Accounting Officer 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004
Curtis L. Buser officer: Chief Financial Officer C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Christopher Finn officer: Chief Operating Officer C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Bruce M. Larson officer: Chief Human Resources Officer C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Sharda Cherwoo director 160 WEST 66TH STREET, APT. 45F, NEW YORK NY 10023
David M. Rubenstein director, 10 percent owner, officer: See Remarks C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004
Mark S Ordan director 7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814
Linda Filler director 2200 PENNSYLVANIA AVE NW, SUITE 800W, WASHINGTON DC 20037
Kewsong Lee director, officer: Co-Chief Executive Officer C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Daniel A. D'aniello director, 10 percent owner, officer: Founder, Chairman Emeritus C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Thomas S Robertson director 200 CLARENDON STREET, T-33, BOSTON MA 02116
Peter J Clare director, officer: Co-Chief Investment Officer