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Ultrapay Limited (ASX:ULT) Cyclically Adjusted PB Ratio : (As of May. 22, 2024)


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What is Ultrapay Limited Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ultrapay Limited Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ultrapay Limited'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.

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Ultrapay Limited Cyclically Adjusted PB Ratio Chart

Ultrapay Limited Annual Data
Trend Jun97 Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06
Cyclically Adjusted PB Ratio
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Ultrapay Limited Semi-Annual Data
Dec96 Jun97 Dec98 Jun99 Dec99 Jun00 Dec00 Jun01 Dec01 Jun02 Dec02 Jun03 Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec06
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Competitive Comparison of Ultrapay Limited's Cyclically Adjusted PB Ratio

For the Consumer Electronics subindustry, Ultrapay Limited'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.


Ultrapay Limited's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Ultrapay Limited 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.

Ultrapay Limited's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun06 is calculated as:

For example, Ultrapay Limited's adjusted Book Value per Share data for the fiscal year that ended in Jun06 was:

Adj_Book=Book Value per Share/CPI of Jun06 (Change)*Current CPI (Jun06)
=0.019/79.7771*79.7771
=0.019

Current CPI (Jun06) = 79.7771.

Ultrapay Limited Annual Data

Book Value per Share CPI Adj_Book
199706 0.944 62.131 1.212
199806 3.222 62.596 4.106
199906 2.059 63.246 2.597
200006 0.820 65.196 1.003
200106 0.713 69.190 0.822
200206 0.148 71.140 0.166
200306 0.176 72.997 0.192
200406 0.238 74.855 0.254
200506 0.191 76.712 0.199
200606 0.019 79.777 0.019

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.


Ultrapay Limited  (ASX:ULT) 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.


Ultrapay Limited Cyclically Adjusted PB Ratio Related Terms

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Ultrapay Limited (ASX:ULT) Business Description

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