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Landstar System (Landstar System) Cyclically Adjusted PB Ratio : 8.76 (As of Apr. 27, 2024)


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What is Landstar System Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Landstar System's current share price is $177.26. Landstar System's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $20.23. Landstar System's Cyclically Adjusted PB Ratio for today is 8.76.

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

LSTR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.54   Med: 10.07   Max: 12.97
Current: 8.76

During the past years, Landstar System's highest Cyclically Adjusted PB Ratio was 12.97. The lowest was 7.54. And the median was 10.07.

LSTR's Cyclically Adjusted PB Ratio is ranked worse than
97.23% of 687 companies
in the Transportation industry
Industry Median: 1.21 vs LSTR: 8.76

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.

Landstar System's adjusted book value per share data for the three months ended in Dec. 2023 was $27.548. 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 $20.23 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Landstar System Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Landstar System'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.

Landstar System Cyclically Adjusted PB Ratio Chart

Landstar System 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 9.54 10.21 11.45 9.02 9.57

Landstar System 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 9.57 9.95 8.87 9.57 -

Competitive Comparison of Landstar System's Cyclically Adjusted PB Ratio

For the Integrated Freight & Logistics subindustry, Landstar System'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.


Landstar System's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Landstar System's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Landstar System 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.

Landstar System's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=177.26/20.23
=8.76

* 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.

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

For example, Landstar System'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)
=27.548/129.4194*129.4194
=27.548

Current CPI (Dec. 2023) = 129.4194.

Landstar System Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.859 99.695 12.799
201406 10.294 100.560 13.248
201409 11.080 100.428 14.279
201412 10.900 99.070 14.239
201503 10.906 99.621 14.168
201506 10.774 100.684 13.849
201509 11.085 100.392 14.290
201512 10.991 99.792 14.254
201603 11.397 100.470 14.681
201606 11.809 101.688 15.029
201609 12.130 101.861 15.412
201612 12.968 101.863 16.476
201703 13.686 102.862 17.219
201706 14.530 103.349 18.195
201709 15.497 104.136 19.260
201712 15.496 104.011 19.281
201803 16.705 105.290 20.533
201806 16.005 106.317 19.483
201809 17.606 106.507 21.394
201812 17.121 105.998 20.904
201903 18.133 107.251 21.881
201906 18.378 108.070 22.009
201909 19.157 108.329 22.887
201912 18.277 108.420 21.817
202003 16.343 108.902 19.422
202006 16.913 108.767 20.124
202009 18.384 109.815 21.666
202012 18.023 109.897 21.225
202103 19.863 111.754 23.003
202106 21.689 114.631 24.487
202109 23.609 115.734 26.401
202112 22.869 117.630 25.161
202203 23.060 121.301 24.603
202206 23.521 125.017 24.349
202209 24.305 125.227 25.119
202212 24.695 125.222 25.523
202303 26.039 127.348 26.463
202306 27.640 128.729 27.788
202309 29.020 129.860 28.922
202312 27.548 129.419 27.548

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.


Landstar System  (NAS:LSTR) 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.


Landstar System Cyclically Adjusted PB Ratio Related Terms

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


Landstar System (Landstar System) Business Description

Traded in Other Exchanges
Address
13410 Sutton Park Drive South, Jacksonville, FL, USA, 32224
Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, roughly half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.
Executives
Joseph J Beacom officer: VP, Chief Safety Officer 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
James B Gattoni officer: Vice President - Controller 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Ricardo S Coro officer: Vice President - CIO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Michael K Kneller officer: VP General Counsel & Secy 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Aimee M Cooper officer: VP & CAO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
James P Todd officer: VP and CFO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Teresa L White director 1932 WYNNTON RD, COLUMBUS GA 31999
James L Liang director C/O LENCO MOBILE INC., 345 CHAPALA STREET, SANTA BARBARA CA 93101
Federico L Pensotti officer: VP and CFO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
L Kevin Stout officer: VP, CFO and Asst Secretary 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Dr. Homaira Akbari director 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Larry J Thoele director 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Diana M Murphy director C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Anthony J Orlando director TWO NORTH RIVERSIDE PLAZA, STE 600, CHICAGO IL 60606
Robert S Brasher officer: VP & Chief Commercial Officer 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224