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Perion Network (XTAE:PERI) Cyclically Adjusted Book per Share : ₪38.20 (As of Mar. 2024)


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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. 2024 was ₪55.728. 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 ₪38.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Perion Network's average Cyclically Adjusted Book Growth Rate was -13.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.60% 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 5.10% per year. The lowest was -2.60% per year. And the median was 0.50% per year.

As of today (2024-05-23), Perion Network's current stock price is ₪43.01. Perion Network's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₪38.20. Perion Network's Cyclically Adjusted PB Ratio of today is 1.13.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Perion Network was 4.14. The lowest was 0.18. And the median was 0.79.


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 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 41.08 40.22 41.99 43.79 37.20

Perion Network Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 44.03 37.63 37.60 37.20 38.20

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.



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. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=55.728/131.7762*131.7762
=55.728

Current CPI (Mar. 2024) = 131.7762.

Perion Network Quarterly Data

Book Value per Share CPI Adj_Book
201406 35.687 100.560 46.765
201409 40.079 100.428 52.590
201412 39.169 99.070 52.100
201503 40.768 99.621 53.927
201506 42.453 100.684 55.563
201509 29.833 100.392 39.159
201512 29.045 99.792 38.354
201603 28.532 100.470 37.422
201606 28.886 101.688 37.433
201609 29.771 101.861 38.514
201612 29.699 101.863 38.421
201703 29.409 102.862 37.676
201706 24.406 103.349 31.119
201709 24.869 104.136 31.470
201712 19.655 104.011 24.902
201803 19.769 105.290 24.742
201806 19.973 106.317 24.756
201809 20.283 106.507 25.095
201812 21.139 105.998 26.280
201903 21.278 107.251 26.144
201906 21.750 108.070 26.521
201909 22.122 108.329 26.910
201912 23.119 108.420 28.099
202003 23.265 108.902 28.152
202006 23.184 108.767 28.088
202009 23.435 109.815 28.122
202012 24.724 109.897 29.646
202103 27.196 111.754 32.068
202106 27.872 114.631 32.041
202109 28.970 115.734 32.986
202112 39.250 117.630 43.970
202203 40.285 121.301 43.764
202206 41.710 125.017 43.965
202209 44.328 125.227 46.646
202212 46.387 125.222 48.815
202303 48.340 127.348 50.021
202306 49.698 128.729 50.875
202309 52.583 129.860 53.359
202312 54.961 129.419 55.962
202403 55.728 131.776 55.728

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
=43.01/38.2
=1.13

* 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 4.14. The lowest was 0.18. And the median was 0.79.


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 (XTAE:PERI) Business Description

Traded in Other Exchanges
Address
26 HaRokmim Street, Holon, ISR, 5885849
Perion Network Ltd is a technology company. It offers online advertising and searching solutions to brands, agencies, and publishers through desktop, mobile and social channels. Its products and services include Undertone, Codefuel, Make me reach, and Smilebox. The company earns prime revenue from search fees and online advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the group has a business presence in North America, Europe, and Other countries of which a majority of the revenue is derived from North America.

Perion Network (XTAE:PERI) Headlines

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