Cannagistics (Cannagistics) Cyclically Adjusted PB Ratio : (As of Jun. 22, 2024)

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What is Cannagistics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

Cannagistics Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cannagistics's Cyclically Adjusted PB Ratio 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.

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Cannagistics Cyclically Adjusted PB Ratio Chart

Cannagistics Annual Data

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Cyclically Adjusted PB Ratio

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Cannagistics Quarterly Data
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Competitive Comparison of Cannagistics's Cyclically Adjusted PB Ratio

For the Shell Companies subindustry, Cannagistics'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.

Cannagistics's Cyclically Adjusted PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Cannagistics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Cannagistics Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Cannagistics's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2022 is calculated as:

For example, Cannagistics's adjusted Book Value per Share data for the three months ended in Apr. 2022 was:

Adj_Book	=	Book Value per Share	/	CPI of Apr. 2022 (Change)	*	Current CPI (Apr. 2022)
	=	-0.025	/	121.9782	*	121.9782
	=	-0.025

Current CPI (Apr. 2022) = 121.9782.

Cannagistics Quarterly Data

	Book Value per Share	CPI	Adj_Book
200710	-3.941	88.152	-5.453
200801	-3.967	89.057	-5.433
200804	-10.327	90.636	-13.898
200807	-15.111	92.805	-19.861
200810	-18.495	91.375	-24.689
201307	-8.368	98.557	-10.357
201401	0.000	98.692	0.000
201404	0.000	100.023	0.000
201407	-0.537	100.520	-0.652
201410	-0.536	100.176	-0.653
201501	-0.578	98.604	-0.715
201504	-0.606	99.824	-0.740
201507	-0.625	100.691	-0.757
201510	3.667	100.346	4.457
201601	3.716	99.957	4.535
201604	1.848	100.947	2.233
201607	0.102	101.524	0.123
201610	-0.034	101.988	-0.041
201701	-0.034	102.456	-0.040
201704	-0.028	103.167	-0.033
201707	-0.091	103.278	-0.107
201710	-0.099	104.070	-0.116
201801	-0.069	104.578	-0.080
201804	-0.080	105.708	-0.092
201807	-0.061	106.324	-0.070
201810	-0.074	106.695	-0.085
201901	-0.095	106.200	-0.109
201904	-0.111	107.818	-0.126
201907	-0.033	108.250	-0.037
201910	-0.036	108.577	-0.040
202001	-0.037	108.841	-0.041
202004	-0.038	108.173	-0.043
202007	-0.044	109.318	-0.049
202010	-0.033	109.861	-0.037
202101	-0.031	110.364	-0.034
202104	-0.028	112.673	-0.030
202107	-0.030	115.183	-0.032
202110	-0.027	116.696	-0.028
202201	-0.024	118.619	-0.025
202204	-0.025	121.978	-0.025

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

Cannagistics (OTCPK:CNGT) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.

Cannagistics Cyclically Adjusted PB Ratio Related Terms

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