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Mogo (TSX:MOGO) Cyclically Adjusted Book per Share : C$3.28 (As of Jun. 2024)


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What is Mogo 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.

Mogo's adjusted book value per share for the three months ended in Jun. 2024 was C$3.240. 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 C$3.28 for the trailing ten years ended in Jun. 2024.

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 (2024-09-25), Mogo's current stock price is C$1.61. Mogo's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was C$3.28. Mogo's Cyclically Adjusted PB Ratio of today is 0.49.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Mogo was 0.83. The lowest was 0.47. And the median was 0.63.


Mogo Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mogo'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.

Mogo Cyclically Adjusted Book per Share Chart

Mogo 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 - - - - -

Mogo Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - - 3.24 3.28

Competitive Comparison of Mogo's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Mogo'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.


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

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

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



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

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=3.24/127.5217*127.5217
=3.240

Current CPI (Jun. 2024) = 127.5217.

Mogo Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.000 99.394 0.000
201412 -1.027 98.367 -1.331
201503 0.000 99.789 0.000
201506 5.181 100.500 6.574
201509 4.127 100.421 5.241
201512 3.308 99.947 4.221
201603 2.650 101.054 3.344
201606 1.960 102.002 2.450
201609 1.416 101.765 1.774
201612 0.936 101.449 1.177
201703 0.231 102.634 0.287
201706 -0.430 103.029 -0.532
201709 -0.997 103.345 -1.230
201712 1.858 103.345 2.293
201803 0.889 105.004 1.080
201806 0.219 105.557 0.265
201809 -0.638 105.636 -0.770
201812 -1.123 105.399 -1.359
201903 -1.638 106.979 -1.953
201906 1.523 107.690 1.803
201909 0.886 107.611 1.050
201912 0.191 107.769 0.226
202003 -0.804 107.927 -0.950
202006 -0.651 108.401 -0.766
202009 -0.339 108.164 -0.400
202012 0.480 108.559 0.564
202103 7.426 110.298 8.586
202106 11.858 111.720 13.535
202109 11.469 112.905 12.954
202112 10.595 113.774 11.875
202203 9.959 117.646 10.795
202206 8.083 120.806 8.532
202209 7.364 120.648 7.784
202212 4.437 120.964 4.678
202303 4.182 122.702 4.346
202306 3.786 124.203 3.887
202309 3.475 125.230 3.539
202312 3.853 125.072 3.928
202403 3.729 126.258 3.766
202406 3.240 127.522 3.240

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


Mogo  (TSX:MOGO) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.61/3.28
=0.49

* 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 10 years, the highest Cyclically Adjusted PB Ratio of Mogo was 0.83. The lowest was 0.47. And the median was 0.63.


Be Aware

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


Mogo Cyclically Adjusted Book per Share Related Terms

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


Mogo Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Mogo Inc (TSX:MOGO) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
2100 - 401 West Georgia Street, Vancouver, BC, CAN, V6B 5A1
Mogo Inc is a Canadian-based financial technology company. It offers a finance application to consumers with solutions that help them to control their financial health. At Mogo, users can sign up for a free account and get access to products and solutions that help users to monitor their credit score, protect themselves from identity fraud, control their spending, and borrow responsibly. Some of its products are personal loans, crypto, mortgage, credit score, and others. Mogo is one of the go-to financial applications for Canadians with more than one million members.
Executives
David Marshall Feller Director, Senior Officer