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CGI (GIB) Cyclically Adjusted PB Ratio : 4.80 (As of Apr. 27, 2024)


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What is CGI Cyclically Adjusted PB Ratio?

As of today (2024-04-27), CGI's current share price is $103.14. CGI's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $21.50. CGI's Cyclically Adjusted PB Ratio for today is 4.80.

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

GIB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.91   Med: 5.08   Max: 6.41
Current: 4.95

During the past years, CGI's highest Cyclically Adjusted PB Ratio was 6.41. The lowest was 3.91. And the median was 5.08.

GIB's Cyclically Adjusted PB Ratio is ranked worse than
74.84% of 1288 companies
in the Software industry
Industry Median: 2.495 vs GIB: 4.95

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.

CGI's adjusted book value per share data for the three months ended in Dec. 2023 was $27.563. 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 $21.50 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CGI Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CGI'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.

CGI Cyclically Adjusted PB Ratio Chart

CGI Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.03 4.70 4.93 4.15 4.79

CGI 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 4.56 4.92 5.13 4.79 4.99

Competitive Comparison of CGI's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, CGI'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.


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

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

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



CGI 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=103.14/21.5
=4.80

* 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.

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

For example, CGI'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)
=27.563/125.4675*125.4675
=27.563

Current CPI (Dec. 2023) = 125.4675.

CGI Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.641 98.604 17.357
201406 14.188 99.473 17.896
201409 14.494 99.394 18.296
201412 14.411 98.367 18.381
201503 13.885 99.789 17.458
201506 14.947 100.500 18.660
201509 14.835 100.421 18.535
201512 15.087 99.947 18.939
201603 14.951 101.054 18.563
201606 15.574 102.002 19.157
201609 16.180 101.765 19.949
201612 15.842 101.449 19.593
201703 16.129 102.634 19.717
201706 16.892 103.029 20.571
201709 17.603 103.345 21.371
201712 17.823 103.345 21.638
201803 18.575 105.004 22.195
201806 18.209 105.557 21.644
201809 18.358 105.636 21.804
201812 18.726 105.399 22.292
201903 19.049 106.979 22.341
201906 18.638 107.690 21.715
201909 19.342 107.611 22.551
201912 19.987 107.769 23.269
202003 18.688 107.927 21.725
202006 19.776 108.401 22.889
202009 21.147 108.164 24.530
202012 21.934 108.559 25.350
202103 21.083 110.298 23.983
202106 22.039 111.720 24.751
202109 22.448 112.905 24.946
202112 22.375 113.774 24.675
202203 22.380 117.646 23.868
202206 22.838 120.806 23.719
202209 22.933 120.648 23.849
202212 24.354 120.964 25.261
202303 24.913 122.702 25.474
202306 26.325 124.203 26.593
202309 26.341 125.230 26.391
202312 27.563 125.468 27.563

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.


CGI  (NYSE:GIB) 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.


CGI Cyclically Adjusted PB Ratio Related Terms

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


CGI (GIB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » CGI Inc (NYSE:GIB) » Definitions » Cyclically Adjusted PB Ratio
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Address
1350 Rene-Levesque Boulevard West, 25th Floor, Montreal, QC, CAN, H3G 1T4
CGI Inc. is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services, or BPS. The company's largest vertical market is government, which contributes more than a third of group revenue.