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PC Connection (FRA:PCC) Cyclically Adjusted Book per Share : €25.63 (As of Dec. 2024)


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What is PC Connection 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.

PC Connection's adjusted book value per share for the three months ended in Dec. 2024 was €33.080. 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 €25.63 for the trailing ten years ended in Dec. 2024.

During the past 12 months, PC Connection's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.60% 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 PC Connection was 13.00% per year. The lowest was 5.70% per year. And the median was 8.20% per year.

As of today (2025-05-10), PC Connection's current stock price is €61.00. PC Connection's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €25.63. PC Connection's Cyclically Adjusted PB Ratio of today is 2.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PC Connection was 3.48. The lowest was 1.69. And the median was 2.38.


PC Connection Cyclically Adjusted Book per Share Historical Data

The historical data trend for PC Connection'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.

PC Connection Cyclically Adjusted Book per Share Chart

PC Connection Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.36 17.57 20.74 22.30 25.63

PC Connection Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 22.30 23.13 23.87 23.33 25.63

Competitive Comparison of PC Connection's Cyclically Adjusted Book per Share

For the Electronics & Computer Distribution subindustry, PC Connection'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.


PC Connection's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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PC Connection 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, PC Connection's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=33.08/133.1571*133.1571
=33.080

Current CPI (Dec. 2024) = 133.1571.

PC Connection Quarterly Data

Book Value per Share CPI Adj_Book
201503 12.724 99.621 17.007
201506 12.670 100.684 16.756
201509 13.096 100.392 17.370
201512 13.596 99.792 18.142
201603 13.615 100.470 18.044
201606 13.923 101.688 18.232
201609 14.384 101.861 18.803
201612 15.442 101.863 20.186
201703 15.475 102.862 20.033
201706 15.189 103.349 19.570
201709 14.702 104.136 18.799
201712 15.175 104.011 19.427
201803 14.922 105.290 18.871
201806 16.338 106.317 20.463
201809 16.776 106.507 20.974
201812 17.513 105.998 22.000
201903 18.052 107.251 22.413
201906 18.837 108.070 23.210
201909 20.120 108.329 24.731
201912 20.406 108.420 25.062
202003 20.893 108.902 25.546
202006 20.780 108.767 25.440
202009 20.404 109.815 24.741
202012 19.987 109.897 24.217
202103 20.779 111.754 24.759
202106 21.095 114.631 24.504
202109 22.257 115.734 25.608
202112 23.007 117.630 26.044
202203 24.393 121.301 26.777
202206 26.358 125.017 28.074
202209 29.050 125.227 30.890
202212 27.449 125.222 29.188
202303 27.595 127.348 28.854
202306 27.916 128.729 28.876
202309 29.216 129.860 29.958
202312 29.248 129.419 30.093
202403 29.753 131.776 30.065
202406 30.868 132.554 31.008
202409 30.755 133.029 30.785
202412 33.080 133.157 33.080

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


PC Connection  (FRA:PCC) 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.

PC Connection's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=61.00/25.63
=2.38

* 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 PC Connection was 3.48. The lowest was 1.69. And the median was 2.38.


Be Aware

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


PC Connection Cyclically Adjusted Book per Share Related Terms

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


PC Connection Business Description

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Address
730 Milford Road, Merrimack, NH, USA, 03054-4631
PC Connection Inc is a provider of information technology solutions. It provides products such as computer systems, software and peripheral equipment, networking communications, and other products and accessories that company purchase from manufacturers and distributors. The company also offers services involving design, configuration, and implementation of IT solutions. It conducts business operations through three business segments namely Connection Business Solutions, Connection Enterprise Solutions, and Connection Public Sector Solutions. The company generates maximum revenue Connection Enterprise Solutions segment.

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