iGate (FRA:MS4) Cyclically Adjusted PB Ratio : (As of May. 24, 2024)

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What is iGate Cyclically Adjusted PB Ratio?

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iGate Cyclically Adjusted PB Ratio Historical Data

The historical data trend for iGate'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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iGate Cyclically Adjusted PB Ratio Chart

iGate Annual Data

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Cyclically Adjusted PB Ratio

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iGate Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
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Competitive Comparison of iGate's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, iGate'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.

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

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

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

iGate 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.

iGate's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2015 is calculated as:

For example, iGate's adjusted Book Value per Share data for the three months ended in Mar. 2015 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar. 2015 (Change)	*	Current CPI (Mar. 2015)
	=	6.452	/	99.6211	*	99.6211
	=	6.452

Current CPI (Mar. 2015) = 99.6211.

iGate Quarterly Data

	Book Value per Share	CPI	Adj_Book
200506	1.769	82.062	2.148
200509	1.771	83.876	2.103
200512	1.886	83.032	2.263
200603	1.881	84.298	2.223
200606	1.775	85.606	2.066
200609	1.789	85.606	2.082
200612	1.904	85.142	2.228
200703	1.989	86.640	2.287
200706	2.057	87.906	2.331
200709	2.107	87.964	2.386
200712	1.998	88.616	2.246
200803	1.929	90.090	2.133
200806	1.862	92.320	2.009
200809	1.839	92.307	1.985
200812	1.995	88.697	2.241
200903	1.978	89.744	2.196
200906	2.100	91.003	2.299
200909	2.151	91.120	2.352
200912	2.380	91.111	2.602
201003	2.771	91.821	3.006
201006	3.134	91.962	3.395
201009	3.270	92.162	3.535
201012	3.335	92.474	3.593
201103	3.358	94.283	3.548
201106	3.358	95.235	3.513
201109	1.870	95.727	1.946
201112	1.032	95.213	1.080
201203	2.135	96.783	2.198
201206	-0.278	96.819	-0.286
201209	1.245	97.633	1.270
201212	0.894	96.871	0.919
201303	1.558	98.209	1.580
201306	0.536	98.518	0.542
201309	0.305	98.790	0.308
201312	0.895	98.326	0.907
201403	1.693	99.695	1.692
201406	1.654	100.560	1.639
201409	1.824	100.428	1.809
201412	5.169	99.070	5.198
201503	6.452	99.621	6.452

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.

iGate (FRA:MS4) 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.

iGate Cyclically Adjusted PB Ratio Related Terms

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iGate (FRA:MS4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iGate Corp (FRA:MS4) » Definitions » Cyclically Adjusted PB Ratio

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Address

Website

http://www.igate.com

Igate Corp was founded in 1986. The Company is an outsourcing provider of integrated end-to-end offshore centric information technology (IT) and IT-enabled operations solutions and services. The Company delivers various IT services through international integrated onsite and offshore delivery locations mainly in India. The Company provides its services to customers through industry focused practices, including insurance and healthcare (IHC), manufacturing, retail and logistics (MRDL), banking and financial services (BFS"), communications and utilities (CEU), and media and entertainment (MELT) and through technology focused practices. It offers services to customers through industry focused practices, including insurance and healthcare, life sciences, manufacturing, retail and logistics, banking and financial services, communications, energy and utilities, product and engineering solutions, government solutions and media and entertainment. Its IT and IT-enabled services include application development, application management, verification and validation, enterprise application solutions, business intelligence and data warehousing, infrastructure management services, enterprise mobility, cloud services, embedded systems development, engineering design services, IT consulting, IT governance and customized learning solutions, business process outsourcing ("BPO") and customer interaction services. The Company has operations in India, Canada, the United States, Europe, Mexico, Singapore, Malaysia, Japan, Australia, the United Arab Emirates, South Africa, Turkey, South Korea, China, Switzerland and the United Kingdom. The Company delivers effective solutions to more than 360 Fortune 1000 clients. The Company's main competitors in the IT and IT enabled outsourcing industry include IT outsourcing firms, consulting firms, systems integration-firms and general management consulting firms such as Tata Consultancy Services Limited, Infosys Technologies Limited, Cognizant Technology Solutions Corporation, Wipro Limited, Genpact Limited, WNS (Holdings) Limited, EXLService Holdings Inc., Syntel Inc., Mindtree Limited, and Hexaware Technologies Limited. The Company is subject to numerous, and sometimes conflicting, legal regimes on matters as diverse as anticorruption, import/export controls, content requirements, trade restrictions, tariffs, taxation, sanctions, immigration, internal and disclosure control obligations, securities regulation, anti-competition, data privacy and labor relations.

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