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goeasy (goeasy) Cyclically Adjusted PB Ratio : 5.63 (As of Apr. 29, 2024)


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What is goeasy Cyclically Adjusted PB Ratio?

As of today (2024-04-29), goeasy's current share price is $129.90. goeasy's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $23.08. goeasy's Cyclically Adjusted PB Ratio for today is 5.63.

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

EHMEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 3.49   Max: 12.4
Current: 5.76

During the past years, goeasy's highest Cyclically Adjusted PB Ratio was 12.40. The lowest was 1.17. And the median was 3.49.

EHMEF's Cyclically Adjusted PB Ratio is ranked worse than
92.34% of 261 companies
in the Credit Services industry
Industry Median: 0.88 vs EHMEF: 5.76

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.

goeasy's adjusted book value per share data for the three months ended in Dec. 2023 was $47.259. 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 $23.08 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


goeasy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for goeasy'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.

goeasy Cyclically Adjusted PB Ratio Chart

goeasy 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 5.07 6.23 9.04 4.25 5.15

goeasy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.25 3.61 3.96 3.63 5.15

Competitive Comparison of goeasy's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, goeasy'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.


goeasy's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, goeasy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



goeasy 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.

goeasy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=129.90/23.08
=5.63

* 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.

goeasy's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, goeasy's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=47.259/125.4675*125.4675
=47.259

Current CPI (Dec. 2023) = 125.4675.

goeasy Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.471 98.604 12.051
201406 9.961 99.473 12.564
201409 10.026 99.394 12.656
201412 10.016 98.367 12.775
201503 9.393 99.789 11.810
201506 9.855 100.500 12.303
201509 9.502 100.421 11.872
201512 9.573 99.947 12.017
201603 10.048 101.054 12.476
201606 10.763 102.002 13.239
201609 10.770 101.765 13.279
201612 11.029 101.449 13.640
201703 11.339 102.634 13.862
201706 11.957 103.029 14.561
201709 13.567 103.345 16.471
201712 13.264 103.345 16.103
201803 12.520 105.004 14.960
201806 12.895 105.557 15.327
201809 13.891 105.636 16.499
201812 15.579 105.399 18.545
201903 15.573 106.979 18.264
201906 16.671 107.690 19.423
201909 17.772 107.611 20.721
201912 17.596 107.769 20.486
202003 17.484 107.927 20.325
202006 18.676 108.401 21.616
202009 20.841 108.164 24.175
202012 23.394 108.559 27.038
202103 29.345 110.298 33.381
202106 37.148 111.720 41.719
202109 38.624 112.905 42.922
202112 38.096 113.774 42.011
202203 37.207 117.646 39.681
202206 37.910 120.806 39.373
202209 37.383 120.648 38.876
202212 38.929 120.964 40.378
202303 39.877 122.702 40.776
202306 43.386 124.203 43.828
202309 45.159 125.230 45.244
202312 47.259 125.468 47.259

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.


goeasy  (OTCPK:EHMEF) 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.


goeasy Cyclically Adjusted PB Ratio Related Terms

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


goeasy (goeasy) Business Description

Traded in Other Exchanges
Address
33 City Centre Drive, Suite 510, Mississauga, ON, CAN, L5B 2N5
goeasy Ltd provides financial services company. The principal operating activities of the Company include: providing loans and other financial services to consumers and leasing household products to consumers. Customers can transact seamlessly through an omnichannel model that includes online and mobile platforms. The Company operates in two reportable segments: easyfinancial and easyhome. The easyfinancial reportable segment lends out capital in the form of unsecured and secured consumer loans to nonprime borrowers. easyfinancial's product offering consists of unsecured and real estate-secured installment loans. The key revenue of the company is generated from easyfinancial.

goeasy (goeasy) Headlines

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goeasy Ltd. Announces Closing of C$46 Million Common Share Offering

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