ELCO (Elcom International) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
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What is Elcom International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Elcom International  (OTCPK:ELCO) 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.


Elcom International Cyclically Adjusted PB Ratio Related Terms


Elcom International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Elcom International'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.

Elcom International Cyclically Adjusted PB Ratio Chart

Elcom International Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Elcom International Quarterly Data
Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08
Cyclically Adjusted PB Ratio 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 0.00 0.00 0.00 0.00 0.00

ELCO vs BVSN, CLCI, DUOT: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Elcom International'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.


Elcom International Cyclically Adjusted PB Ratio vs Software Industry

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

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



Elcom International 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.

Elcom International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2008 is calculated as:

For example, Elcom International's adjusted Book Value per Share data for the three months ended in Jun. 2008 was:

Adj_Book=Book Value per Share/CPI of Jun. 2008 (Change)*Current CPI (Jun. 2008)
=-3.745/86.6000*86.6000
=-3.745

Current CPI (Jun. 2008) = 86.6000.

Elcom International Quarterly Data

Book Value per Share CPI Adj_Book
199809 3,920.000 71.700 4,734.616
199812 3,400.000 72.000 4,089.444
199903 3,332.000 72.300 3,991.026
199906 2,436.000 72.700 2,901.755
199909 1,925.000 72.800 2,289.904
199912 1,675.000 73.100 1,984.337
200003 1,596.857 73.000 1,894.354
200006 1,420.179 73.600 1,671.026
200009 1,252.321 73.800 1,469.526
200012 1,092.893 74.000 1,278.980
200103 861.893 73.900 1,010.013
200106 654.357 75.000 755.564
200109 403.250 75.000 465.619
200112 404.250 75.000 466.774
200203 225.821 75.200 260.055
200206 173.786 75.800 198.547
200209 128.143 76.000 146.016
200212 57.071 76.300 64.775
200303 0.679 76.400 0.770
200306 -36.250 76.700 -40.929
200309 -88.857 77.000 -99.935
200312 -97.214 77.300 -108.910
200403 -99.214 77.300 -111.150
200406 -15.018 77.900 -16.695
200409 -34.411 77.900 -38.254
200412 -50.714 78.600 -55.876
200503 -70.857 78.800 -77.871
200506 -87.661 79.400 -95.610
200509 -107.321 79.900 -116.320
200512 21.875 80.300 23.591
200603 1.367 80.400 1.472
200606 -1.233 81.500 -1.310
200609 -2.802 81.900 -2.963
200612 -3.074 82.600 -3.223
200703 -0.303 82.800 -0.317
200706 -1.223 83.500 -1.268
200709 -2.277 83.500 -2.362
200712 -2.371 84.500 -2.430
200803 -3.478 84.900 -3.548
200806 -3.745 86.600 -3.745

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.


Elcom International Business Description

Address 300 Granite Street, Suite 412, Braintree, MA, USA, 02184
Elcom International Inc develops and licenses proprietary software systems that enable users to buy and sell merchandise through computer networks. The company's Personal Electronic Commerce Online System is software that enables clients to automate procurement functions, such as pricing, invoicing, and payment. In addition, users can create electronic marketplaces to conduct online transactions with both suppliers and distributors. PECOS is offered as both licensed software and as a hosted application.