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SPS Commerce (SPS Commerce) Cyclically Adjusted PB Ratio : 14.52 (As of Apr. 30, 2024)


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What is SPS Commerce Cyclically Adjusted PB Ratio?

As of today (2024-04-30), SPS Commerce's current share price is $173.76. SPS Commerce's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $11.97. SPS Commerce's Cyclically Adjusted PB Ratio for today is 14.52.

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

SPSC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.99   Med: 12.46   Max: 20.84
Current: 15.25

During the past years, SPS Commerce's highest Cyclically Adjusted PB Ratio was 20.84. The lowest was 5.99. And the median was 12.46.

SPSC's Cyclically Adjusted PB Ratio is ranked worse than
93.15% of 1299 companies
in the Software industry
Industry Median: 2.56 vs SPSC: 15.25

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.

SPS Commerce's adjusted book value per share data for the three months ended in Mar. 2024 was $18.434. 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 $11.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SPS Commerce Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SPS Commerce'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.

SPS Commerce Cyclically Adjusted PB Ratio Chart

SPS Commerce 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 9.07 15.05 16.19 12.44 16.56

SPS Commerce Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 14.18 17.28 14.85 16.56 15.45

Competitive Comparison of SPS Commerce's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, SPS Commerce'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.


SPS Commerce's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



SPS Commerce 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.

SPS Commerce's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=173.76/11.97
=14.52

* 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.

SPS Commerce's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, SPS Commerce'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)
=18.434/129.4194*129.4194
=18.434

Current CPI (Mar. 2024) = 129.4194.

SPS Commerce Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.104 100.560 7.856
201409 6.172 100.428 7.954
201412 6.272 99.070 8.193
201503 6.300 99.621 8.184
201506 6.397 100.684 8.223
201509 6.459 100.392 8.327
201512 6.643 99.792 8.615
201603 6.913 100.470 8.905
201606 6.988 101.688 8.894
201609 7.184 101.861 9.128
201612 7.297 101.863 9.271
201703 7.948 102.862 10.000
201706 8.101 103.349 10.145
201709 8.278 104.136 10.288
201712 8.411 104.011 10.466
201803 8.426 105.290 10.357
201806 8.587 106.317 10.453
201809 8.975 106.507 10.906
201812 9.195 105.998 11.227
201903 9.466 107.251 11.423
201906 9.684 108.070 11.597
201909 9.887 108.329 11.812
201912 10.179 108.420 12.151
202003 10.150 108.902 12.062
202006 10.628 108.767 12.646
202009 11.191 109.815 13.189
202012 11.856 109.897 13.962
202103 12.284 111.754 14.226
202106 12.681 114.631 14.317
202109 13.083 115.734 14.630
202112 13.448 117.630 14.796
202203 13.608 121.301 14.519
202206 13.795 125.017 14.281
202209 14.087 125.227 14.559
202212 14.853 125.222 15.351
202303 15.490 127.348 15.742
202306 16.399 128.729 16.487
202309 17.082 129.860 17.024
202312 18.128 129.419 18.128
202403 18.434 129.419 18.434

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.


SPS Commerce  (NAS:SPSC) 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.


SPS Commerce Cyclically Adjusted PB Ratio Related Terms

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


SPS Commerce (SPS Commerce) Business Description

Industry
Traded in Other Exchanges
Address
333 South Seventh Street, Suite 1000, Minneapolis, MN, USA, 55402
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from recurring monthly fees and set-up fees.
Executives
Marty M Reaume director TWILIO INC, 375 BEALE STREET SUITE 300, SAN FRANCISCO CA 94105
Archie C. Black director, officer: President & CEO 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
Philip Soran director 12982 VALLEY VIEW RD, EDEN PRAIRIE MN 55344
Kimberly K. Nelson officer: EVP & CFO 2800 MOUNT RIDGE ROAD, ROSEVILLE MN 55113
Sven Wehrwein director
Chadwick Collins director, officer: Chief Executive Officer 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
James J. Frome officer: EVP & Chief Strategy Officer 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
James Burr Ramsey director C/O NETSUITE INC, 2955 CAMPUS DRIVE SUITE 100, SAN MATEO CA 94403
Anne Sempowski Ward director C/O VANDA PHARMACEUTICALS INC., 2200 PENNSYLVANIA AVENUE, SUITE 300E, WASHINGTON DC 20037
Martin J Leestma director 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402
Michael A Smerklo director C/O SERVICESOURCE INTERNATIONAL, INC., 634 SECOND STREET, SAN FRANCISCO CA 94107
Michael J Mcconnell director P.O. BOX 6280, NEWPORT BEACH CA 92658
Melvin L Keating director 18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Tami Reller director C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
Spencer George H. Iii director, 10 percent owner C/O SEYEN CAPITAL, 150 NORTH WACKER DR., SUITE 660, CHICAGO IL 60606

SPS Commerce (SPS Commerce) Headlines