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Forrester Research (Forrester Research) Cyclically Adjusted PB Ratio : 1.78 (As of Apr. 28, 2024)


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What is Forrester Research Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Forrester Research's current share price is $18.77. Forrester Research's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $10.53. Forrester Research's Cyclically Adjusted PB Ratio for today is 1.78.

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

FORR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.78   Med: 3.28   Max: 5.7
Current: 1.78

During the past years, Forrester Research's highest Cyclically Adjusted PB Ratio was 5.70. The lowest was 1.78. And the median was 3.28.

FORR's Cyclically Adjusted PB Ratio is ranked worse than
55.42% of 646 companies
in the Business Services industry
Industry Median: 1.53 vs FORR: 1.78

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.

Forrester Research's adjusted book value per share data for the three months ended in Dec. 2023 was $12.483. 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 $10.53 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forrester Research Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Forrester Research'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.

Forrester Research Cyclically Adjusted PB Ratio Chart

Forrester Research 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 3.91 4.16 5.69 3.43 2.55

Forrester Research 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 3.43 3.09 2.76 2.73 2.55

Competitive Comparison of Forrester Research's Cyclically Adjusted PB Ratio

For the Consulting Services subindustry, Forrester Research'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.


Forrester Research's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Forrester Research's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Forrester Research 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.

Forrester Research's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.77/10.53
=1.78

* 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.

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

For example, Forrester Research'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)
=12.483/129.4194*129.4194
=12.483

Current CPI (Dec. 2023) = 129.4194.

Forrester Research Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.228 99.695 11.979
201406 8.339 100.560 10.732
201409 7.927 100.428 10.215
201412 7.800 99.070 10.190
201503 7.382 99.621 9.590
201506 7.350 100.684 9.448
201509 7.243 100.392 9.337
201512 7.171 99.792 9.300
201603 7.314 100.470 9.421
201606 7.617 101.688 9.694
201609 7.850 101.861 9.974
201612 8.171 101.863 10.381
201703 7.451 102.862 9.375
201706 7.232 103.349 9.056
201709 7.553 104.136 9.387
201712 7.826 104.011 9.738
201803 7.842 105.290 9.639
201806 7.810 106.317 9.507
201809 8.040 106.507 9.770
201812 8.275 105.998 10.103
201903 7.808 107.251 9.422
201906 8.110 108.070 9.712
201909 7.931 108.329 9.475
201912 8.479 108.420 10.121
202003 8.432 108.902 10.021
202006 9.239 108.767 10.993
202009 9.220 109.815 10.866
202012 9.768 109.897 11.503
202103 10.052 111.754 11.641
202106 10.558 114.631 11.920
202109 10.489 115.734 11.729
202112 10.699 117.630 11.771
202203 10.687 121.301 11.402
202206 11.143 125.017 11.535
202209 11.230 125.227 11.606
202212 11.628 125.222 12.018
202303 11.607 127.348 11.796
202306 12.077 128.729 12.142
202309 12.108 129.860 12.067
202312 12.483 129.419 12.483

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.


Forrester Research  (NAS:FORR) 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.


Forrester Research Cyclically Adjusted PB Ratio Related Terms

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


Forrester Research (Forrester Research) Business Description

Traded in Other Exchanges
Address
60 Acorn Park Drive, Cambridge, MA, USA, 02140
Forrester Research Inc is a United States-based company that provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.
Executives
Steven P. Peltzman officer: CBTO C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Scott Chouinard officer: Chief Accounting Officer C/O FORRESTER RESEARCH, INC., 400 TECHNOLOGY SQUARE, CAMBRIDGE MA 02139
Carrie Johnson officer: Chief Research Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Ryan Darrah officer: Chief Legal Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Anthony J Friscia director C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Robert Galford director C/O FORRESTER RESEARCH, 400 TECHNOLOGY SQUARE, CAMBRIDGE MA 02139
Alicia Lee officer: Chief Consulting Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Kelley Hippler officer: Chief Sales Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DR., CAMBRIDGE MA 02140
David Boyce director C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Roy Sarah Le officer: Chief People Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Warren N Romine director 7325 16TH STREET NW, WASHINGTON DC 20012
Sharyn Leaver officer: Chief Research Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Nathaniel Swan officer: Chief Sales Officer C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
George F Colony director, 10 percent owner, officer: Chairman & CEO C/O FORRESTER RESEARCH INC, 1033 MASSACHUSETTS AVE, CAMBRIDGE MA 02138
Gretchen Teichgraeber director C/O FORRESTER RESEARCH, 400 TECHNOLOGY SQUARE, CAMBRIDGE MA 02139