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CyberArk Software (STU:CYB) Cyclically Adjusted Book per Share : €15.68 (As of Dec. 2024)


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What is CyberArk Software 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.

CyberArk Software's adjusted book value per share for the three months ended in Dec. 2024 was €45.788. 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 €15.68 for the trailing ten years ended in Dec. 2024.

During the past 12 months, CyberArk Software's average Cyclically Adjusted Book Growth Rate was 20.30% 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.

As of today (2025-05-10), CyberArk Software's current stock price is €317.20. CyberArk Software's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €15.68. CyberArk Software's Cyclically Adjusted PB Ratio of today is 20.23.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CyberArk Software was 24.17. The lowest was 8.90. And the median was 15.66.


CyberArk Software Cyclically Adjusted Book per Share Historical Data

The historical data trend for CyberArk Software'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.

CyberArk Software Cyclically Adjusted Book per Share Chart

CyberArk Software 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 - - 12.07 12.88 15.68

CyberArk Software 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 12.88 14.09 14.41 14.25 15.68

Competitive Comparison of CyberArk Software's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, CyberArk Software'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.


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

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

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


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CyberArk Software 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, CyberArk Software'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)
=45.788/133.1571*133.1571
=45.788

Current CPI (Dec. 2024) = 133.1571.

CyberArk Software Quarterly Data

Book Value per Share CPI Adj_Book
201503 4.857 99.621 6.492
201506 6.480 100.684 8.570
201509 6.203 100.392 8.228
201512 6.802 99.792 9.076
201603 6.884 100.470 9.124
201606 7.108 101.688 9.308
201609 7.282 101.861 9.519
201612 8.199 101.863 10.718
201703 8.797 102.862 11.388
201706 8.653 103.349 11.149
201709 8.164 104.136 10.439
201712 8.479 104.011 10.855
201803 8.695 105.290 10.996
201806 9.713 106.317 12.165
201809 10.006 106.507 12.510
201812 11.137 105.998 13.991
201903 11.947 107.251 14.833
201906 12.573 108.070 15.492
201909 13.623 108.329 16.745
201912 14.765 108.420 18.134
202003 15.125 108.902 18.494
202006 15.227 108.767 18.641
202009 14.577 109.815 17.675
202012 14.894 109.897 18.046
202103 15.059 111.754 17.943
202106 14.927 114.631 17.339
202109 15.186 115.734 17.472
202112 16.057 117.630 18.177
202203 14.934 121.301 16.394
202206 15.339 125.017 16.338
202209 16.156 125.227 17.179
202212 15.603 125.222 16.592
202303 15.174 127.348 15.866
202306 15.291 128.729 15.817
202309 15.976 129.860 16.382
202312 17.195 129.419 17.692
202403 17.846 131.776 18.033
202406 18.846 132.554 18.932
202409 25.444 133.029 25.469
202412 45.788 133.157 45.788

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


CyberArk Software  (STU:CYB) 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.

CyberArk Software's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=317.20/15.68
=20.23

* 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 CyberArk Software was 24.17. The lowest was 8.90. And the median was 15.66.


Be Aware

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


CyberArk Software Cyclically Adjusted Book per Share Related Terms

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


CyberArk Software Business Description

Industry
Traded in Other Exchanges
Address
9 Hapsagot Street, Park Ofer B, P.O. Box 3143, Petach Tikva, ISR, 4951040
CyberArk is a cybersecurity vendor focused on the identity market. The company's core privileged access management offering is a market leader in that subsegment, with more than half of the Fortune 500 as CyberArk customers. The identity security vendor was founded in 1999 and has around 9,000 customers across various industries. While CyberArk historically sold its security solutions primarily via on-premises licenses, over the past few years it has transitioned to a subscription recurring-revenue model.

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