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TNET (Trinet Group) Cyclically Adjusted Book per Share : $6.55 (As of Mar. 2025)


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What is Trinet Group 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.

Trinet Group's adjusted book value per share for the three months ended in Mar. 2025 was $1.302. 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 $6.55 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Trinet Group's average Cyclically Adjusted Book Growth Rate was 6.30% 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 (2025-06-16), Trinet Group's current stock price is $77.58. Trinet Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $6.55. Trinet Group's Cyclically Adjusted PB Ratio of today is 11.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Trinet Group was 22.23. The lowest was 10.34. And the median was 15.68.


Trinet Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Trinet Group'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.

Trinet Group Cyclically Adjusted Book per Share Chart

Trinet Group 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 - - 5.22 5.96 6.43

Trinet Group 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 6.16 6.26 6.38 6.43 6.55

Competitive Comparison of Trinet Group's Cyclically Adjusted Book per Share

For the Staffing & Employment Services subindustry, Trinet Group'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.


Trinet Group's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Trinet Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Trinet Group 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, Trinet Group'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)
=1.302/134.9266*134.9266
=1.302

Current CPI (Mar. 2025) = 134.9266.

Trinet Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 -0.113 100.684 -0.151
201509 -0.201 100.392 -0.270
201512 0.115 99.792 0.155
201603 0.378 100.470 0.508
201606 0.475 101.688 0.630
201609 0.415 101.861 0.550
201612 0.507 101.863 0.672
201703 0.621 102.862 0.815
201706 1.318 103.349 1.721
201709 1.896 104.136 2.457
201712 2.951 104.011 3.828
201803 3.724 105.290 4.772
201806 4.378 106.317 5.556
201809 4.964 106.507 6.289
201812 5.312 105.998 6.762
201903 5.793 107.251 7.288
201906 6.272 108.070 7.831
201909 6.830 108.329 8.507
201912 6.878 108.420 8.560
202003 7.784 108.902 9.644
202006 9.154 108.767 11.356
202009 9.268 109.815 11.387
202012 9.134 109.897 11.214
202103 9.912 111.754 11.967
202106 11.296 114.631 13.296
202109 12.305 115.734 14.346
202112 13.355 117.630 15.319
202203 11.163 121.301 12.417
202206 12.289 125.017 13.263
202209 13.755 125.227 14.820
202212 12.798 125.222 13.790
202303 13.860 127.348 14.685
202306 15.333 128.729 16.071
202309 0.198 129.860 0.206
202312 1.540 129.419 1.606
202403 2.828 131.776 2.896
202406 2.012 132.554 2.048
202409 2.600 133.029 2.637
202412 1.393 133.157 1.412
202503 1.302 134.927 1.302

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


Trinet Group  (NYSE:TNET) 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.

Trinet Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=77.58/6.55
=11.84

* 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 Trinet Group was 22.23. The lowest was 10.34. And the median was 15.68.


Be Aware

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


Trinet Group Cyclically Adjusted Book per Share Related Terms

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


Trinet Group Business Description

Industry
Traded in Other Exchanges
Address
One Park Place, Suite 600, Dublin, CA, USA, 94568
Trinet Group Inc outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
Executives
Paul Edward Chamberlain director C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Kelly L Tuminelli officer: EVP & CHIEF FINANCIAL OFFICER TRINET GROUP, INC., ONE PARK PLACE, STE 600, DUBLIN CA 94568
Samantha Wellington officer: SVP, CLO & SECRETARY ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Alexander G. Warren officer: SVP, CHIEF REVENUE OFFICER ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Burton M. Goldfield director, officer: PRESIDENT, CEO and DIRECTOR ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Wayne B Lowell director 3061 ZANKER ROAD, SAN JOSE CA 95134
Ralph A. Clark director C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
L.p. Agi-t, director, 10 percent owner 40 MORRIS AVENUE, BRYN MAWR PA 19010
Jonathan D. Lee officer: PRINCIPAL ACCOUNTING OFFICER ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Jayaraman Venkataramani officer: CHIEF DIGITAL & INNOV OFFICER ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
H Raymond Bingham director 2655 SEELY AVE, SAN JOSE CA 95134
Martin Babinec director TRINET GROUP INC., ONE PARK PLACE., STE. 600, DUBLIN CA 94568
Olivier Kohler officer: SVP, CHIEF OPERATING OFFICER ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Myrna Soto director ONE ENERGY PLAZA, JACKSON MI 49201
Katherine August-dewilde director ONE PARK PLACE, SUITE 600, DUBLIN CA 94568