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Blackbaud (Blackbaud) Cyclically Adjusted Book per Share : $9.31 (As of Mar. 2024)


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What is Blackbaud Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Blackbaud's adjusted book value per share for the three months ended in Mar. 2024 was $10.345. 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 $9.31 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Blackbaud's average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Blackbaud was 18.40% per year. The lowest was 7.70% per year. And the median was 13.40% per year.

As of today (2024-05-16), Blackbaud's current stock price is $79.01. Blackbaud's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.31. Blackbaud's Cyclically Adjusted PB Ratio of today is 8.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Blackbaud was 29.51. The lowest was 5.75. And the median was 14.30.


Blackbaud Cyclically Adjusted Book per Share Historical Data

The historical data trend for Blackbaud's Cyclically Adjusted Book per Share 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.

Blackbaud Cyclically Adjusted Book per Share Chart

Blackbaud Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.93 5.52 6.52 7.90 9.16

Blackbaud Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 8.26 8.60 8.93 9.16 9.31

Competitive Comparison of Blackbaud's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Blackbaud'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.


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

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

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



Blackbaud Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Blackbaud'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)
=10.345/129.4194*129.4194
=10.345

Current CPI (Mar. 2024) = 129.4194.

Blackbaud Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.746 100.560 4.821
201409 3.978 100.428 5.126
201412 4.015 99.070 5.245
201503 4.009 99.621 5.208
201506 4.166 100.684 5.355
201509 4.349 100.392 5.607
201512 4.483 99.792 5.814
201603 4.489 100.470 5.782
201606 4.667 101.688 5.940
201609 4.892 101.861 6.216
201612 5.211 101.863 6.621
201703 5.164 102.862 6.497
201706 5.454 103.349 6.830
201709 5.759 104.136 7.157
201712 6.995 104.011 8.704
201803 7.096 105.290 8.722
201806 7.170 106.317 8.728
201809 7.488 106.507 9.099
201812 7.696 105.998 9.397
201903 7.437 107.251 8.974
201906 7.580 108.070 9.077
201909 7.756 108.329 9.266
201912 8.074 108.420 9.638
202003 7.666 108.902 9.110
202006 8.288 108.767 9.862
202009 8.914 109.815 10.505
202012 8.724 109.897 10.274
202103 8.522 111.754 9.869
202106 8.291 114.631 9.361
202109 8.214 115.734 9.185
202112 13.794 117.630 15.177
202203 13.317 121.301 14.208
202206 13.588 125.017 14.067
202209 13.803 125.227 14.265
202212 14.020 125.222 14.490
202303 13.359 127.348 13.576
202306 14.138 128.729 14.214
202309 14.859 129.860 14.809
202312 15.081 129.419 15.081
202403 10.345 129.419 10.345

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Blackbaud  (NAS:BLKB) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Blackbaud's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=79.01/9.31
=8.49

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Blackbaud was 29.51. The lowest was 5.75. And the median was 14.30.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Blackbaud Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Blackbaud's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Blackbaud (Blackbaud) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Blackbaud Inc (NAS:BLKB) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
65 Fairchild Street, Charleston, SC, USA, 29492
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside of core fund raising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
Executives
Sarah E Nash director 200 MILIK STREET, CARTERET NJ 07008
Michael P Gianoni director, officer: President and CEO 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
George H Ellis director 2911 TURTLE CREEK BOULEVARD, SUITE 1100, DALLAS TX 75219
Kevin P. Gregoire officer: Pres. Enterprise Market Group 255 FISERV DRIVE, BROOKFIELD WI 53045
David J Benjamin officer: EVP, Chief Commercial Officer C/O BLACKBAUD INC., 65 FAIRCHILD STREET, CHARLESTON SC 29492
Jon W Olson officer: General Counsel C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
Kevin Mcdearis officer: Chief Products Officer C/O BLACKBAUD, INC., 65 FAIRCHILD STREET, CHARLESTON SC 29492
Anthony W Boor officer: CFO and Senior VP C/O BRIGHTPOINT INC, 7635 INTERACTIVE WAY, SUITE 200, INDIANAPOLIS IN 46278
Kevin W Mooney officer: Sr VP&Chief Commercial Officer
Rupal S Hollenbeck director C/O BLACKBAUD, INC., 65 FAIRCHILD STREET, CHARLESTON SC 29492
Yogesh K Gupta director C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803
Clearlake Capital Group, L.p. 10 percent owner 233 WILSHIRE BOULEVARD, SUITE 800, SANTA MONICA CA 90401
Behdad Eghbali 10 percent owner 233 WILSHIRE BLVD., SUITE 850, SANTA MONICA CA 90401
Jose Enrique Feliciano 10 percent owner C/O CLEARLAKE CAPITAL GROUP, LLC, 650 MADISON AVE., 23RD FLOOR, NEW YORK NY 10022
Joyce Nelson director C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492