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B. Riley Financial (B. Riley Financial) Cyclically Adjusted PB Ratio : 2.68 (As of Apr. 27, 2024)


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What is B. Riley Financial Cyclically Adjusted PB Ratio?

As of today (2024-04-27), B. Riley Financial's current share price is $36.82. B. Riley Financial's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $13.76. B. Riley Financial's Cyclically Adjusted PB Ratio for today is 2.68.

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

RILY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38   Med: 4.14   Max: 13.24
Current: 2.52

During the past years, B. Riley Financial's highest Cyclically Adjusted PB Ratio was 13.24. The lowest was 0.38. And the median was 4.14.

RILY's Cyclically Adjusted PB Ratio is ranked worse than
75.34% of 73 companies
in the Diversified Financial Services industry
Industry Median: 0.93 vs RILY: 2.52

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.

B. Riley Financial's adjusted book value per share data for the three months ended in Dec. 2023 was $9.724. 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 $13.76 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


B. Riley Financial Cyclically Adjusted PB Ratio Historical Data

The historical data trend for B. Riley Financial'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.

B. Riley Financial Cyclically Adjusted PB Ratio Chart

B. Riley Financial 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 8.54 8.91 10.24 2.93 1.53

B. Riley Financial 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 2.93 2.31 3.56 3.04 1.53

Competitive Comparison of B. Riley Financial's Cyclically Adjusted PB Ratio

For the Financial Conglomerates subindustry, B. Riley Financial'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.


B. Riley Financial's Cyclically Adjusted PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, B. Riley Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



B. Riley Financial 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.

B. Riley Financial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.82/13.76
=2.68

* 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.

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

For example, B. Riley Financial'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)
=9.724/129.4194*129.4194
=9.724

Current CPI (Dec. 2023) = 129.4194.

B. Riley Financial Quarterly Data

Book Value per Share CPI Adj_Book
201403 -3.680 99.695 -4.777
201406 5.638 100.560 7.256
201409 5.585 100.428 7.197
201412 6.078 99.070 7.940
201503 6.399 99.621 8.313
201506 6.899 100.684 8.868
201509 6.815 100.392 8.786
201512 6.654 99.792 8.629
201603 6.632 100.470 8.543
201606 7.001 101.688 8.910
201609 7.483 101.861 9.508
201612 7.803 101.863 9.914
201703 8.342 102.862 10.496
201706 9.805 103.349 12.278
201709 10.380 104.136 12.900
201712 10.013 104.011 12.459
201803 10.179 105.290 12.512
201806 10.104 106.317 12.300
201809 10.118 106.507 12.295
201812 9.700 105.998 11.843
201903 9.929 107.251 11.981
201906 10.270 108.070 12.299
201909 11.101 108.329 13.262
201912 13.371 108.420 15.961
202003 9.044 108.902 10.748
202006 11.986 108.767 14.262
202009 14.701 109.815 17.325
202012 19.885 109.897 23.417
202103 26.917 111.754 31.172
202106 26.257 114.631 29.644
202109 25.647 115.734 28.680
202112 23.967 117.630 26.369
202203 23.430 121.301 24.998
202206 17.246 125.017 17.853
202209 18.149 125.227 18.757
202212 15.654 125.222 16.179
202303 13.548 127.348 13.768
202306 14.133 128.729 14.209
202309 13.530 129.860 13.484
202312 9.724 129.419 9.724

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.


B. Riley Financial  (NAS:RILY) 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.


B. Riley Financial Cyclically Adjusted PB Ratio Related Terms

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


B. Riley Financial (B. Riley Financial) Business Description

Traded in Other Exchanges
Address
11100 Santa Monica Boulevard, Suite 800, Los Angeles, CA, USA, 90025
B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional and high net worth clients and also asset disposition, valuation and appraisal and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer segment.
Executives
Kelleher Thomas J /adv officer: CEO of B. Riley Capital Market C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Renee E Labran director 130 WEST UNION STREET, C/O IDEALAB, PASADENA CA 91103
Andrew Moore officer: CEO of B. Riley FBR, Inc. C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Robert L Antin director
Tamara Sue Brandt director C/O B. RILEY FINANCIAL, INC., 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Bryant R Riley director C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Randall E Paulson director
D Agostino Robert P director 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Michael Joseph Sheldon director C/O ALDILA, INC., 14145 DANIELSON ST. STE B, POWAY CA 92064
Daniel Asher 10 percent owner 111 W JACKSON BLVD, 20TH FL, CHICAGO IL 60604
Kenneth M Young officer: President C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
Mikel H Williams director 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Phillip Ahn officer: CFO and COO 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Alan N Forman officer: EVP, General Counsel, Sec 21255 BURBANK BOULEVARD, SUITE 400, WOODLAND HILLS CA 91367
Todd D. Sims director C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367