Corinthian Colleges (FRA:CH7) Cyclically Adjusted PB Ratio : (As of Jun. 14, 2024)

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What is Corinthian Colleges Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

Corinthian Colleges Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Corinthian Colleges'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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Corinthian Colleges Cyclically Adjusted PB Ratio Chart

Corinthian Colleges Annual Data

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Cyclically Adjusted PB Ratio

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Corinthian Colleges Semi-Annual Data
	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
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Competitive Comparison of Corinthian Colleges's Cyclically Adjusted PB Ratio

For the Education & Training Services subindustry, Corinthian Colleges'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.

Corinthian Colleges's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Corinthian Colleges's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Corinthian Colleges 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.

Corinthian Colleges's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun13 is calculated as:

For example, Corinthian Colleges's adjusted Book Value per Share data for the fiscal year that ended in Jun13 was:

Adj_Book	=	Book Value per Share	/	CPI of Jun13 (Change)	*	Current CPI (Jun13)
	=	5.021	/	98.5178	*	98.5178
	=	5.021

Current CPI (Jun13) = 98.5178.

Corinthian Colleges Annual Data

	Book Value per Share	CPI	Adj_Book
200406	2.986	80.037	3.675
200506	3.645	82.062	4.376
200606	3.508	85.606	4.037
200706	3.297	87.906	3.695
200806	3.155	92.320	3.367
200906	4.223	91.003	4.572
201006	6.372	91.962	6.826
201106	4.593	95.235	4.751
201206	5.286	96.819	5.379
201306	5.021	98.518	5.021

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.

Corinthian Colleges (FRA:CH7) 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.

Corinthian Colleges Cyclically Adjusted PB Ratio Related Terms

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

Corinthian Colleges (FRA:CH7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Corinthian Colleges Inc (FRA:CH7) » Definitions » Cyclically Adjusted PB Ratio

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Address

Website

http://www.cci.edu

Corinthian Colleges Inc is a post-secondary education company in the United States and Canada. It offers diploma programs and associate, bachelors and master's degrees through a single operating segment. As of June 30, 2013, it has a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada. The Company has acquired 76 colleges including the Heald acquisition and has opened 35 branch campuses. Its training program areas include healthcare, criminal justice, business, mechanical, trades, and information technology. The Company's diploma programs provide students with the requisite knowledge and job skills for entry-level positions in their chosen career.Key elements of its operating strategy includes emphasize Student Outcomes, create an Effective Learning Environment, focus on Attractive Markets, manage School and Program Performance, Standardize Key Business Processes and Centralize Key Functions.

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