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Brightcove (FRA:2BV) Cyclically Adjusted Book per Share : €2.46 (As of Mar. 2024)


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What is Brightcove Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Brightcove's adjusted book value per share for the three months ended in Mar. 2024 was €2.008. 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 €2.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Brightcove's average Cyclically Adjusted Book Growth Rate was 0.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Brightcove was 15.30% per year. The lowest was 8.60% per year. And the median was 11.95% per year.

As of today (2024-05-28), Brightcove's current stock price is €1.94. Brightcove's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €2.46. Brightcove's Cyclically Adjusted PB Ratio of today is 0.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Brightcove was 11.98. The lowest was 0.62. And the median was 3.00.


Brightcove Cyclically Adjusted Book per Share Historical Data

The historical data trend for Brightcove's Cyclically Adjusted Book per Share 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.

Brightcove Cyclically Adjusted Book per Share Chart

Brightcove Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.46 1.65 2.18 2.41 2.24

Brightcove Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 2.42 2.37 2.49 2.24 2.46

Competitive Comparison of Brightcove's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Brightcove'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.


Brightcove's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Brightcove's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Brightcove Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Brightcove'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)
=2.008/131.7762*131.7762
=2.008

Current CPI (Mar. 2024) = 131.7762.

Brightcove Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.961 100.560 2.570
201409 2.004 100.428 2.630
201412 2.020 99.070 2.687
201503 2.255 99.621 2.983
201506 2.109 100.684 2.760
201509 2.108 100.392 2.767
201512 2.195 99.792 2.899
201603 2.141 100.470 2.808
201606 2.088 101.688 2.706
201609 2.148 101.861 2.779
201612 2.180 101.863 2.820
201703 2.059 102.862 2.638
201706 1.799 103.349 2.294
201709 1.600 104.136 2.025
201712 1.621 104.011 2.054
201803 1.687 105.290 2.111
201806 1.718 106.317 2.129
201809 1.674 106.507 2.071
201812 1.695 105.998 2.107
201903 1.631 107.251 2.004
201906 1.675 108.070 2.042
201909 1.768 108.329 2.151
201912 1.715 108.420 2.084
202003 1.592 108.902 1.926
202006 1.567 108.767 1.898
202009 1.581 109.815 1.897
202012 1.635 109.897 1.961
202103 1.832 111.754 2.160
202106 1.854 114.631 2.131
202109 1.911 115.734 2.176
202112 2.065 117.630 2.313
202203 2.187 121.301 2.376
202206 2.320 125.017 2.445
202209 2.481 125.227 2.611
202212 2.283 125.222 2.402
202303 2.055 127.348 2.126
202306 1.955 128.729 2.001
202309 1.990 129.860 2.019
202312 1.971 129.419 2.007
202403 2.008 131.776 2.008

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Brightcove  (FRA:2BV) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Brightcove's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.94/2.46
=0.79

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Brightcove was 11.98. The lowest was 0.62. And the median was 3.00.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Brightcove Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Brightcove's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Brightcove (FRA:2BV) Business Description

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Address
281 Summer Street, Boston, MA, USA, 02210
Brightcove Inc is a provider of cloud-based services for the video ecosystem. The firm targets its solutions at media companies, broadcasters, publishers, and corporations. Brightcove Video Cloud is the firm's flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a significant portion of the firm's revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia.

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