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Gartner (Gartner) Cyclically Adjusted Book per Share : $6.51 (As of Mar. 2024)


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What is Gartner 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.

Gartner's adjusted book value per share for the three months ended in Mar. 2024 was $9.182. 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 $6.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gartner's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 20.10% 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 Gartner was 52.50% per year. The lowest was -25.60% per year. And the median was 6.85% per year.

As of today (2024-05-30), Gartner's current stock price is $427.74. Gartner's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.51. Gartner's Cyclically Adjusted PB Ratio of today is 65.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gartner was 107.81. The lowest was 20.97. And the median was 53.94.


Gartner Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gartner'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.

Gartner Cyclically Adjusted Book per Share Chart

Gartner Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.97 4.98 5.71 5.80 6.25

Gartner Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.93 6.07 6.19 6.25 6.51

Competitive Comparison of Gartner's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, Gartner'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.


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

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

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



Gartner 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, Gartner's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=9.182/131.7762*131.7762
=9.182

Current CPI (Mar. 2024) = 131.7762.

Gartner Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.222 100.560 2.912
201409 1.733 100.428 2.274
201412 1.842 99.070 2.450
201503 -1.659 99.621 -2.194
201506 -2.049 100.684 -2.682
201509 -1.926 100.392 -2.528
201512 -1.608 99.792 -2.123
201603 -1.366 100.470 -1.792
201606 -0.639 101.688 -0.828
201609 -0.127 101.861 -0.164
201612 0.737 101.863 0.953
201703 1.238 102.862 1.586
201706 9.421 103.349 12.012
201709 9.525 104.136 12.053
201712 10.828 104.011 13.718
201803 10.827 105.290 13.551
201806 10.146 106.317 12.576
201809 10.359 106.507 12.817
201812 9.484 105.998 11.790
201903 9.512 107.251 11.687
201906 10.693 108.070 13.039
201909 10.278 108.329 12.503
201912 10.527 108.420 12.795
202003 9.970 108.902 12.064
202006 11.093 108.767 13.440
202009 11.604 109.815 13.925
202012 12.274 109.897 14.718
202103 10.239 111.754 12.073
202106 6.271 114.631 7.209
202109 4.033 115.734 4.592
202112 4.503 117.630 5.045
202203 1.454 121.301 1.580
202206 -1.797 125.017 -1.894
202209 -0.820 125.227 -0.863
202212 2.877 125.222 3.028
202303 5.948 127.348 6.155
202306 7.408 128.729 7.583
202309 7.210 129.860 7.316
202312 8.688 129.419 8.846
202403 9.182 131.776 9.182

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


Gartner  (NYSE:IT) 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.

Gartner's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=427.74/6.51
=65.71

* 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 Gartner was 107.81. The lowest was 20.97. And the median was 53.94.


Be Aware

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


Gartner Cyclically Adjusted Book per Share Related Terms

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


Gartner (Gartner) Business Description

Industry
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Address
56 Top Gallant Road, P.O. Box 10212, Stamford, CT, USA, 06902-7700
Based in Stamford, Conn., Gartner provides independent research and analysis on information technology and other related technology industries. Its research is delivered to clients' desktops in the form of reports, briefings, and updates. Typical clients are chief information officers and other business executives who help plan companies' IT budgets. Gartner also provides consulting services and hosted nearly 80 IT conferences across the globe in 2007.
Executives
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Valentin Sribar officer: SVP, Research & Advisory 56 TOP GALLANT ROAD, STAMFORD CT 06902
Alwyn Dawkins officer: EVP, Conferences 56 TOP GALLANT ROAD, STAMFORD CT 06902
Akhil Jain officer: SVP, Consulting 56 TOP GALLANT ROAD, STAMFORD CT 06902
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Wartinbee William James Iii officer: SVP, Global Sales Strat & Ops 56 TOP GALLANT ROAD, STAMFORD CT 06902
Anne Sutherland Fuchs director
Joseph P. Beck officer: EVP, Global Technology Sales 56 TOP GALLANT RD., STAMFORD CT 06902
Eugene A Hall director, officer: CEO ONE ADP BLVD, ROSELAND NJ 07068
Altaf Rupani officer: EVP, Chief Information Officer 56 TOP GALLANT RD, STAMFORD CT 06902
Michael Fox Diliberto officer: SVP, Chief Information Officer 56 TOP GALLANT RD, STAMFORD CT 06904
Scott Hensel officer: EVP Consulting C/O GARTNER, INC., 56 TOP GALLANT RD., STAMFORD CT 06902

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