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MarineMax (MarineMax) Cyclically Adjusted PB Ratio : 1.11 (As of Apr. 27, 2024)


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What is MarineMax Cyclically Adjusted PB Ratio?

As of today (2024-04-27), MarineMax's current share price is $25.37. MarineMax's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $22.95. MarineMax's Cyclically Adjusted PB Ratio for today is 1.11.

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

HZO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.56   Max: 4.69
Current: 1.11

During the past years, MarineMax's highest Cyclically Adjusted PB Ratio was 4.69. The lowest was 0.63. And the median was 1.56.

HZO's Cyclically Adjusted PB Ratio is ranked better than
52.02% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs HZO: 1.11

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.

MarineMax's adjusted book value per share data for the three months ended in Dec. 2023 was $41.488. 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 $22.95 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


MarineMax Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MarineMax'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.

MarineMax Cyclically Adjusted PB Ratio Chart

MarineMax Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.95 3.17 1.59 1.47

MarineMax 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 1.41 1.60 1.47 1.69 -

Competitive Comparison of MarineMax's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, MarineMax'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.


MarineMax's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MarineMax's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MarineMax 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.

MarineMax's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.37/22.95
=1.11

* 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.

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

For example, MarineMax'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)
=41.488/129.4194*129.4194
=41.488

Current CPI (Dec. 2023) = 129.4194.

MarineMax Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.228 99.695 11.979
201406 9.723 100.560 12.513
201409 9.883 100.428 12.736
201412 9.918 99.070 12.956
201503 9.910 99.621 12.874
201506 10.485 100.684 13.477
201509 11.721 100.392 15.110
201512 11.768 99.792 15.262
201603 11.871 100.470 15.291
201606 12.473 101.688 15.875
201609 12.867 101.861 16.348
201612 13.015 101.863 16.536
201703 13.174 102.862 16.575
201706 13.789 103.349 17.267
201709 13.807 104.136 17.159
201712 14.020 104.011 17.445
201803 14.347 105.290 17.635
201806 15.175 106.317 18.473
201809 15.575 106.507 18.926
201812 15.830 105.998 19.328
201903 16.136 107.251 19.471
201906 17.074 108.070 20.447
201909 17.298 108.329 20.666
201912 17.709 108.420 21.139
202003 18.028 108.902 21.425
202006 19.934 108.767 23.719
202009 20.829 109.815 24.547
202012 21.810 109.897 25.684
202103 23.622 111.754 27.356
202106 26.145 114.631 29.518
202109 27.261 115.734 30.484
202112 28.819 117.630 31.708
202203 31.192 121.301 33.280
202206 34.495 125.017 35.710
202209 36.113 125.227 37.322
202212 37.170 125.222 38.416
202303 38.832 127.348 39.464
202306 41.079 128.729 41.299
202309 41.426 129.860 41.286
202312 41.488 129.419 41.488

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.


MarineMax  (NYSE:HZO) 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.


MarineMax Cyclically Adjusted PB Ratio Related Terms

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


MarineMax (MarineMax) Business Description

Traded in Other Exchanges
Address
2600 McCormick Drive, Suite 200, Clearwater, FL, USA, 33759
MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. The company is also engaged in other businesses, including providing services of repair, maintenance, and storage; managing related boat financing, insurance, and others; offering brokerage sales of boats and yachts; and operating a yacht charter business. The reportable segments of the company are Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of the company's revenue. The sale of new and used boats accounts for the majority of the company's total revenue. It serves customers across the U.S.
Executives
Clint Moore director 2600 MCCORMICK DRIVE, SUITE 200`, CLEARWATER FL 33759
Charles A Cashman officer: Vice President East Operations 18167 US HIGHWAY 19 NORTH SUITE 300, CLEARWATER FL 33764
Rebecca White director 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Cassella Anthony E. Jr. officer: Chief Accounting Officer 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Kyle Langbehn officer: EVP, President of Retail 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Shawn Berg officer: EVP, Chief Digital Officer 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Mercedes Romero director 4221 WEST BOY SCOUT BOULEVARD, TAMPA FL 33607
Hilliard M Eure director 24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Joseph Allen Watters director 1100 GLENDON AVENUE, SUITE PH-8, LOS ANGELES CA 90024
Michael H Mclamb director, officer: Executive VP, CFO and Sec C/O MARINEMAX INC, 18167 U SHIGHWAY NORTH SUITE 499, CLEARWATER FL 33764
Adam M. Johnson director 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
William B Mcgill officer: Vice President West Operations 18167 US HIGHWAY 19 NORTH SUITE 300, CLEARWATER FL 33764
Mcgill William H Jr director, officer: President, Chairman and CEO C/O MARINEMAX INC, 18167 US HIGHWAY 18 N, CLEARWATER FL 33764
George E Borst director 2600 MCCORMICK DRIVE, SUITE 200, CLEARWATER FL 33759
Charles R Oglesby director C/O NALLEY AUTOMOTIVE - SUGARLOAF PARK, 2905 PREMIERE PARKWAY NW, SUITE 300, DULUTH GA 30097