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PAYC (Paycom Software) Cyclically Adjusted PB Ratio : 17.52 (As of Oct. 31, 2024)


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What is Paycom Software Cyclically Adjusted PB Ratio?

As of today (2024-10-31), Paycom Software's current share price is $209.03. Paycom Software's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $11.93. Paycom Software's Cyclically Adjusted PB Ratio for today is 17.52.

The historical rank and industry rank for Paycom Software's Cyclically Adjusted PB Ratio or its related term are showing as below:

PAYC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.56   Med: 32.62   Max: 56.6
Current: 14.44

During the past years, Paycom Software's highest Cyclically Adjusted PB Ratio was 56.60. The lowest was 12.56. And the median was 32.62.

PAYC's Cyclically Adjusted PB Ratio is ranked worse than
91.73% of 1281 companies
in the Software industry
Industry Median: 2.85 vs PAYC: 14.44

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.

Paycom Software's adjusted book value per share data for the three months ended in Sep. 2024 was $25.502. 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 $11.93 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Paycom Software Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Paycom Software'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.

Paycom Software Cyclically Adjusted PB Ratio Chart

Paycom Software 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 - - - 39.82 21.02

Paycom Software Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 27.90 21.02 18.70 12.66 13.96

Competitive Comparison of Paycom Software's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Paycom Software'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.


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

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

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



Paycom Software 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.

Paycom Software's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=209.03/11.93
=17.52

* 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.

Paycom Software's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Paycom Software's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=25.502/133.0289*133.0289
=25.502

Current CPI (Sep. 2024) = 133.0289.

Paycom Software Quarterly Data

Book Value per Share CPI Adj_Book
201412 1.377 99.070 1.849
201503 1.421 99.621 1.898
201506 1.514 100.684 2.000
201509 1.607 100.392 2.129
201512 1.721 99.792 2.294
201603 2.072 100.470 2.743
201606 2.239 101.688 2.929
201609 2.263 101.861 2.955
201612 2.033 101.863 2.655
201703 2.549 102.862 3.297
201706 2.503 103.349 3.222
201709 2.705 104.136 3.456
201712 4.867 104.011 6.225
201803 5.750 105.290 7.265
201806 5.715 106.317 7.151
201809 6.242 106.507 7.796
201812 5.844 105.998 7.334
201903 6.938 107.251 8.606
201906 7.544 108.070 9.286
201909 8.237 108.329 10.115
201912 9.133 108.420 11.206
202003 10.409 108.902 12.715
202006 10.173 108.767 12.442
202009 10.978 109.815 13.299
202012 11.355 109.897 13.745
202103 12.911 111.754 15.369
202106 13.679 114.631 15.874
202109 14.231 115.734 16.358
202112 15.406 117.630 17.423
202203 17.392 121.301 19.074
202206 17.181 125.017 18.282
202209 18.601 125.227 19.760
202212 20.437 125.222 21.711
202303 23.059 127.348 24.088
202306 24.275 128.729 25.086
202309 24.633 129.860 25.234
202312 23.051 129.419 23.694
202403 25.427 131.776 25.669
202406 25.405 132.554 25.496
202409 25.502 133.029 25.502

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.


Paycom Software  (NYSE:PAYC) 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.


Paycom Software Cyclically Adjusted PB Ratio Related Terms

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


Paycom Software Business Description

Industry
Traded in Other Exchanges
Address
7501 W. Memorial Road, Oklahoma, OK, USA, 73142
Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.
Executives
Chad R. Richison director, 10 percent owner, officer: President and CEO 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Craig E. Boelte officer: Chief Financial Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Bradley Scott Smith officer: Chief Information Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Jason D. Clark director 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Watts J C Jr director
Peters Frederick C Ii director BRYN MAWR BANK CORP, 801 LANCASTER AVE, BRYN MAWR PA 19010
Christopher Gene Thomas officer: SEVP of Operations 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Holly Faurot officer: Chief Sales Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Justin Devon Long officer: EVP of Operations 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Felicia Williams director C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Sharen J Turney director THREE LIMITED PARKWAY, COLUMBUS OH 43230
Jon Evans officer: Chief Operating Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Jeffrey D. York officer: Chief Sales Officer 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142
Robert J Levenson director 300 SEMINOLE AVENUE, P.H. 6B, PALM BEACH FL 33480
Kathy Oden-hall officer: See Remarks 7501 W. MEMORIAL ROAD, OKLAHOMA CITY OK 73142