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Systems (KAR:SYS) Cyclically Adjusted Book per Share : ₨50.63 (As of Mar. 2025)


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What is Systems 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.

Systems's adjusted book value per share for the three months ended in Mar. 2025 was ₨141.350. 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 ₨50.63 for the trailing ten years ended in Mar. 2025.

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.

As of today (2025-05-28), Systems's current stock price is ₨272.05. Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₨50.63. Systems's Cyclically Adjusted PB Ratio of today is 5.37.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Systems was 7.09. The lowest was 4.67. And the median was 5.74.


Systems Cyclically Adjusted Book per Share Historical Data

The historical data trend for Systems'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.

Systems Cyclically Adjusted Book per Share Chart

Systems 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 - - - - 47.55

Systems Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - 44.08 47.55 50.63

Competitive Comparison of Systems's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Systems'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.


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

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

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


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Systems 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, Systems's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=141.35/134.9266*134.9266
=141.350

Current CPI (Mar. 2025) = 134.9266.

Systems Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.000 100.684 0.000
201509 0.000 100.392 0.000
201512 9.047 99.792 12.232
201603 9.337 100.470 12.539
201606 9.434 101.688 12.518
201609 9.950 101.861 13.180
201612 10.475 101.863 13.875
201703 11.028 102.862 14.466
201706 10.794 103.349 14.092
201709 11.431 104.136 14.811
201712 11.871 104.011 15.399
201803 12.802 105.290 16.406
201806 12.962 106.317 16.450
201809 13.868 106.507 17.568
201812 15.357 105.998 19.548
201903 16.283 107.251 20.485
201906 17.682 108.070 22.076
201909 18.967 108.329 23.624
201912 20.422 108.420 25.415
202003 22.713 108.902 28.141
202006 23.778 108.767 29.497
202009 26.242 109.815 32.243
202012 28.561 109.897 35.066
202103 32.159 111.754 38.827
202106 32.920 114.631 38.748
202109 37.015 115.734 43.153
202112 43.544 117.630 49.947
202203 48.696 121.301 54.166
202206 53.064 125.017 57.270
202209 75.331 125.227 81.166
202212 78.945 125.222 85.063
202303 94.416 127.348 100.035
202306 96.879 128.729 101.543
202309 105.151 129.860 109.254
202312 111.323 129.419 116.060
202403 116.595 131.776 119.382
202406 116.185 132.554 118.265
202409 124.377 133.029 126.151
202412 132.185 133.157 133.942
202503 141.350 134.927 141.350

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


Systems  (KAR:SYS) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=272.05/50.63
=5.37

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Systems was 7.09. The lowest was 4.67. And the median was 5.74.


Be Aware

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


Systems Cyclically Adjusted Book per Share Related Terms

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


Systems Business Description

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Address
Sehjpal Near DHA Phase -VIII, E-1, (Ex.-Air Avenue), Lahore Cantontment, Lahore, PB, PAK
Systems Ltd is principally engaged in the business of software development, trading of software, and business process outsourcing services. It is organized into business units based on their geographical areas and has reportable operating segments as follows: North America, the Middle East Africa, Pakistan and Europe. Geographically the company receives maximum revenue from Middle East. Its service portfolio comprises archiving services, indexing, data entry, systems re-engineering, application development and maintenance, process consulting, and staff augmentation.

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