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Perion Network (XTAE:PERI) Cyclically Adjusted Book per Share : ₪38.00 (As of Mar. 2025)


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What is Perion Network 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.

Perion Network's adjusted book value per share for the three months ended in Mar. 2025 was ₪55.664. 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 ₪38.00 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Perion Network's average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -0.20% 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 Perion Network was 6.20% per year. The lowest was -2.60% per year. And the median was 0.30% per year.

As of today (2025-05-30), Perion Network's current stock price is ₪37.57. Perion Network's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₪38.00. Perion Network's Cyclically Adjusted PB Ratio of today is 0.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Perion Network was 3.68. The lowest was 0.19. And the median was 0.73.


Perion Network Cyclically Adjusted Book per Share Historical Data

The historical data trend for Perion Network'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.

Perion Network Cyclically Adjusted Book per Share Chart

Perion Network 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 38.51 40.21 41.93 35.64 37.43

Perion Network 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 36.59 37.03 37.24 37.43 38.00

Competitive Comparison of Perion Network's Cyclically Adjusted Book per Share

For the Internet Content & Information subindustry, Perion Network'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.


Perion Network's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Perion Network's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Perion Network 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, Perion Network'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)
=55.664/134.9266*134.9266
=55.664

Current CPI (Mar. 2025) = 134.9266.

Perion Network Quarterly Data

Book Value per Share CPI Adj_Book
201506 40.493 100.684 54.265
201509 30.406 100.392 40.866
201512 27.705 99.792 37.459
201603 27.215 100.470 36.548
201606 27.552 101.688 36.558
201609 28.397 101.861 37.615
201612 28.328 101.863 37.523
201703 28.052 102.862 36.796
201706 23.279 103.349 30.392
201709 23.721 104.136 30.735
201712 18.747 104.011 24.319
201803 18.857 105.290 24.165
201806 19.051 106.317 24.178
201809 19.346 106.507 24.508
201812 20.164 105.998 25.667
201903 20.296 107.251 25.533
201906 20.745 108.070 25.900
201909 21.101 108.329 26.282
201912 22.052 108.420 27.443
202003 22.191 108.902 27.494
202006 22.114 108.767 27.433
202009 22.353 109.815 27.465
202012 23.583 109.897 28.954
202103 25.940 111.754 31.319
202106 26.585 114.631 31.292
202109 27.632 115.734 32.214
202112 37.438 117.630 42.943
202203 38.425 121.301 42.741
202206 39.784 125.017 42.938
202209 42.281 125.227 45.556
202212 44.246 125.222 47.675
202303 46.108 127.348 48.852
202306 47.404 128.729 49.686
202309 50.156 129.860 52.113
202312 52.424 129.419 54.655
202403 53.155 131.776 54.426
202406 53.764 132.554 54.726
202409 53.454 133.029 54.217
202412 56.502 133.157 57.253
202503 55.664 134.927 55.664

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


Perion Network  (XTAE:PERI) 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.

Perion Network's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=37.57/38.00
=0.99

* 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 Perion Network was 3.68. The lowest was 0.19. And the median was 0.73.


Be Aware

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


Perion Network Cyclically Adjusted Book per Share Related Terms

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


Perion Network Business Description

Traded in Other Exchanges
Address
2 Leonardo Da Vinci Street, Tel Aviv, ISR, 6473309
Perion Network Ltd is a technology company. It offers online advertising and search solutions to brands, agencies, and publishers through desktop, mobile, and social channels. It connects advertisers to consumers across digital advertising channels, including search advertising, social, display, video, digital audio, digital out of home (DOOH), and Connected TV (CTV) advertising. The company earns prime revenue from search advertising and display advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the company generates a majority of its revenue from the United States and the rest from other regions.