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MSCI (MSCI) Cyclically Adjusted PB Ratio : 1,911.12 (As of Apr. 27, 2024)


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What is MSCI Cyclically Adjusted PB Ratio?

As of today (2024-04-27), MSCI's current share price is $477.78. MSCI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.25. MSCI's Cyclically Adjusted PB Ratio for today is 1,911.12.

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

MSCI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.13   Med: 26.01   Max: 2169.56
Current: 1840.38

During the past years, MSCI's highest Cyclically Adjusted PB Ratio was 2169.56. The lowest was 5.13. And the median was 26.01.

MSCI's Cyclically Adjusted PB Ratio is ranked worse than
100% of 461 companies
in the Capital Markets industry
Industry Median: 1.12 vs MSCI: 1840.38

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.

MSCI's adjusted book value per share data for the three months ended in Mar. 2024 was $-8.211. 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 $0.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSCI Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MSCI'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.

MSCI Cyclically Adjusted PB Ratio Chart

MSCI 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 30.75 61.93 101.26 126.26 633.77

MSCI 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 182.57 203.91 327.31 633.77 2,220.59

Competitive Comparison of MSCI's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, MSCI'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.


MSCI's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

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

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



MSCI 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=477.78/0.25
=1,911.12

* 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.

MSCI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, MSCI's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-8.211/129.4194*129.4194
=-8.211

Current CPI (Mar. 2024) = 129.4194.

MSCI Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.323 100.560 18.434
201409 12.466 100.428 16.065
201412 12.785 99.070 16.702
201503 12.950 99.621 16.824
201506 12.966 100.684 16.667
201509 10.665 100.392 13.749
201512 8.924 99.792 11.573
201603 6.378 100.470 8.216
201606 5.634 101.688 7.170
201609 5.826 101.861 7.402
201612 3.479 101.863 4.420
201703 3.083 102.862 3.879
201706 3.408 103.349 4.268
201709 4.001 104.136 4.972
201712 4.451 104.011 5.538
201803 4.689 105.290 5.764
201806 3.900 106.317 4.747
201809 4.272 106.507 5.191
201812 -1.977 105.998 -2.414
201903 -3.738 107.251 -4.511
201906 -2.737 108.070 -3.278
201909 -1.745 108.329 -2.085
201912 -0.905 108.420 -1.080
202003 -4.233 108.902 -5.031
202006 -3.718 108.767 -4.424
202009 -4.655 109.815 -5.486
202012 -5.368 109.897 -6.322
202103 -5.843 111.754 -6.767
202106 -4.462 114.631 -5.038
202109 -3.396 115.734 -3.798
202112 -1.983 117.630 -2.182
202203 -10.832 121.301 -11.557
202206 -12.751 125.017 -13.200
202209 -13.447 125.227 -13.897
202212 -12.605 125.222 -13.028
202303 -11.258 127.348 -11.441
202306 -15.085 128.729 -15.166
202309 -13.264 129.860 -13.219
202312 -9.353 129.419 -9.353
202403 -8.211 129.419 -8.211

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.


MSCI  (NYSE:MSCI) 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.


MSCI Cyclically Adjusted PB Ratio Related Terms

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


MSCI (MSCI) Business Description

Address
250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007
MSCI describes its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.3 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.
Executives
Robert J. Gutowski officer: General Counsel C/O MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Scott A Crum officer: Chief Human Resources Officer C/O MSCI INC., 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FL., NEW YORK NY 10007
Catherine R Kinney director C/O QTS REALTY TRUST INC., 12851 FOSTER STREET, OVERLAND PARK KS 66213
Andrew C. Wiechmann officer: Interim CFO and Treasurer 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FLOOR, NEW YORK NY 10007
Robin Matlock director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Cd Baer Pettit officer: Head of Client Coverage MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Jennifer H Mak officer: Principal Accounting Officer 115 TABOR ROAD, MORRIS PLAINS NJ 07950
Rajat Taneja director C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, LEGAL DEPT., REDWOOD CITY CA 94065
Paula Volent director MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Sandy C. Rattray director MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Henry A Fernandez director, officer: Chairman, CEO and President MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Laurent Seyer officer: Global Head of Client Cvrg 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FLOOR, NEW YORK NY 10007
Benjamin F Dupont director C/O MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Linda Huber officer: CFO and Treasurer FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Jigar Thakkar officer: Chief Technology Officer C/O MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007