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Thinkpath (Thinkpath) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)


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What is Thinkpath Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thinkpath Cyclically Adjusted PB Ratio Historical Data

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

Thinkpath Annual Data
Trend Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06
Cyclically Adjusted PB Ratio
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Thinkpath Quarterly Data
Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
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Competitive Comparison of Thinkpath's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Thinkpath'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.


Thinkpath's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Thinkpath's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Thinkpath 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.

Thinkpath's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2007 is calculated as:

For example, Thinkpath's adjusted Book Value per Share data for the three months ended in Sep. 2007 was:

Adj_Book=Book Value per Share/CPI of Sep. 2007 (Change)*Current CPI (Sep. 2007)
=-0.229/88.4119*88.4119
=-0.229

Current CPI (Sep. 2007) = 88.4119.

Thinkpath Quarterly Data

Book Value per Share CPI Adj_Book
199712 0.000 71.425 0.000
199803 0.000 71.978 0.000
199806 0.000 72.215 0.000
199809 0.000 72.057 0.000
199812 0.000 72.136 0.000
199903 0.000 72.689 0.000
199906 0.000 73.400 0.000
199909 0.000 73.953 0.000
199912 0.000 74.032 0.000
200003 0.000 74.901 0.000
200006 0.000 75.454 0.000
200009 17,383.000 75.928 20,240.965
200012 10,799.000 76.402 12,496.467
200103 3,720.000 76.719 4,287.001
200106 3,223.333 77.983 3,654.418
200109 2,914.667 77.904 3,307.822
200112 1,082.333 76.956 1,243.460
200203 793.000 78.141 897.237
200206 660.800 78.931 740.176
200209 186.000 79.721 206.278
200212 220.500 79.879 244.055
200303 170.727 81.459 185.299
200306 54.925 80.985 59.962
200309 23.967 81.459 26.013
200312 15.701 81.538 17.025
200403 4.238 82.091 4.564
200406 5.170 83.039 5.505
200409 3.295 82.960 3.512
200412 1.493 83.276 1.585
200503 1.227 83.987 1.292
200506 1.323 84.461 1.385
200509 1.090 85.647 1.125
200512 0.425 85.015 0.442
200603 0.379 85.805 0.391
200606 0.551 86.516 0.563
200609 0.214 86.279 0.219
200612 -0.118 86.437 -0.121
200703 -0.138 87.780 -0.139
200706 -0.189 88.412 -0.189
200709 -0.229 88.412 -0.229

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.


Thinkpath  (GREY:THPHF) 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.


Thinkpath Cyclically Adjusted PB Ratio Related Terms

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


Thinkpath (Thinkpath) Business Description

Industry
Traded in Other Exchanges
N/A
Address
365 Evans Avenue, Suite 602, Toronto, ON, CAN, M8Z 1K2
Thinkpath Inc provides customized engineering solutions with a wide range of support services guaranteeing timely, efficient and cost-effective completion of projects in numerous and varied industries. The company's customized solutions include Engineering & Design Services, Technical Publishing & Documentation and On-site Engineering Support.

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