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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.
Simulations Plus's adjusted book value per share for the three months ended in Feb. 2024 was $8.859. 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 $4.60 for the trailing ten years ended in Feb. 2024.
During the past 12 months, Simulations Plus's average Cyclically Adjusted Book Growth Rate was 21.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 38.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 32.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 19.90% 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 Simulations Plus was 38.70% per year. The lowest was 10.90% per year. And the median was 20.20% per year.
As of today (2024-04-28), Simulations Plus's current stock price is $44.69. Simulations Plus's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $4.60. Simulations Plus's Cyclically Adjusted PB Ratio of today is 9.72.
During the past 13 years, the highest Cyclically Adjusted PB Ratio of Simulations Plus was 50.65. The lowest was 6.45. And the median was 12.68.
The historical data trend for Simulations Plus'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.
Simulations Plus Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Cyclically Adjusted Book per Share | Get a 7-Day Free Trial | 3.78 | 4.00 | 4.22 | 4.41 | 4.60 |
For the Health Information Services subindustry, Simulations Plus'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.
For the Healthcare Providers & Services industry and Healthcare sector, Simulations Plus's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Simulations Plus's Cyclically Adjusted PB Ratio falls into.
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, Simulations Plus's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:
Adj_Book | = | Book Value per Share | / | CPI of Feb. 2024 (Change) | * | Current CPI (Feb. 2024) |
= | 8.859 | / | 129.4194 | * | 129.4194 | |
= | 8.859 |
Current CPI (Feb. 2024) = 129.4194.
Simulations Plus Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201405 | 0.977 | 100.373 | 1.260 |
201408 | 0.944 | 100.352 | 1.217 |
201411 | 1.096 | 99.635 | 1.424 |
201502 | 1.109 | 99.032 | 1.449 |
201505 | 1.173 | 100.333 | 1.513 |
201508 | 1.153 | 100.548 | 1.484 |
201511 | 1.173 | 100.135 | 1.516 |
201602 | 1.194 | 100.040 | 1.545 |
201605 | 1.263 | 101.355 | 1.613 |
201608 | 1.320 | 101.617 | 1.681 |
201611 | 1.355 | 101.829 | 1.722 |
201702 | 1.385 | 102.779 | 1.744 |
201705 | 1.463 | 103.256 | 1.834 |
201708 | 1.494 | 103.587 | 1.867 |
201711 | 1.543 | 104.072 | 1.919 |
201802 | 1.703 | 105.052 | 2.098 |
201805 | 1.792 | 106.148 | 2.185 |
201808 | 1.833 | 106.383 | 2.230 |
201811 | 1.851 | 106.338 | 2.253 |
201902 | 1.929 | 106.649 | 2.341 |
201905 | 2.052 | 108.048 | 2.458 |
201908 | 2.142 | 108.245 | 2.561 |
201911 | 2.224 | 108.519 | 2.652 |
202002 | 2.315 | 109.139 | 2.745 |
202005 | 2.619 | 108.175 | 3.133 |
202008 | 7.832 | 109.662 | 9.243 |
202011 | 7.918 | 109.793 | 9.333 |
202102 | 8.051 | 110.968 | 9.390 |
202105 | 8.220 | 113.576 | 9.367 |
202108 | 8.231 | 115.421 | 9.229 |
202111 | 8.352 | 117.269 | 9.217 |
202202 | 8.551 | 119.703 | 9.245 |
202205 | 8.775 | 123.323 | 9.209 |
202208 | 8.798 | 124.958 | 9.112 |
202211 | 8.867 | 125.607 | 9.136 |
202302 | 8.258 | 126.928 | 8.420 |
202305 | 8.501 | 128.314 | 8.574 |
202308 | 8.528 | 129.538 | 8.520 |
202311 | 8.632 | 129.548 | 8.623 |
202402 | 8.859 | 129.419 | 8.859 |
Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.
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.
Simulations Plus's Cyclically Adjusted PB Ratio of today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 44.69 | / | 4.6 | |
= | 9.72 |
* 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 Simulations Plus was 50.65. The lowest was 6.45. And the median was 12.68.
Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.
Thank you for viewing the detailed overview of Simulations Plus's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
John Kenneth Paglia | director | 746 GRABLE PLACE, NEWBURY PARK CA 91320 |
Walter S Woltosz | director, 10 percent owner, officer: Chairman and CEO | 42505 10TH ST. WEST, LANCASTER CA 93534 |
Dibella John Anthony Ii | officer: Division President | 42505 10TH STREET WEST, LANCASTER CA 93534 |
Lisa Lavange | director | 42505 10TH ST., WEST, LANCASTER CA 93534 |
Steven Chang | officer: President, Immunetrics | 42505 10TH STREET WEST, LANCASTER CA 15203 |
Shawn Oconnor | officer: Chief Executive Officer | 42505 10TH STREET WEST, LANCASTER CA 93534-7059 |
Jill Fiedler-kelly | officer: President, Cognigen Division | 42505 10TH STREET WEST, LANCASTER CA 93534 |
Brett Howell | officer: President, DILIsym Division | 42505 10TH STREET WEST, LANCASTER CA 93534 |
William W Frederick | officer: CFO | C/O SIMULATIONS PLUS, INC., 42505 10TH STREET WEST, LANCASTER CA 93534 |
Daniel L Weiner | director | 800 WEST EL CAMINO REAL, SUITE 200, MOUNTAIN VIEW CA 94040 |
Sharlene Evans | director | 42505 10TH STREET WEST, LANCASTER CA 93534 |
Nguyen Nguyen | officer: VP of Human Resources | 42505 TENTH STREET WEST, LANCASTER CA 93534 |
David L. Ralph | director | 42505 10TH STREET WEST, LANCASTER CA 93534 |
John Robert Kneisel | officer: CFO | 42505 10TH STREET WEST, LANCASTER CA 93534 |
Grasela Thaddeus Henry Jr | director, officer: President | 1780 WEHRLE DRIVE SUITE 110, BUFFALO NY 14221 |
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