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Corporate Resource Services (FRA:HTS1) Cyclically Adjusted PB Ratio : (As of Jun. 07, 2024)


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What is Corporate Resource Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Corporate Resource Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Corporate Resource Services'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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Corporate Resource Services Cyclically Adjusted PB Ratio Chart

Corporate Resource Services Annual Data
Trend Sep00 Sep01 Sep02 Sep03 Sep08 Sep09 Sep10 Sep11 Sep12 Dec13
Cyclically Adjusted PB Ratio
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Corporate Resource Services Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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Competitive Comparison of Corporate Resource Services's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, Corporate Resource Services'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.


Corporate Resource Services's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Corporate Resource Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Corporate Resource Services 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.

Corporate Resource Services's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2014 is calculated as:

For example, Corporate Resource Services's adjusted Book Value per Share data for the three months ended in Sep. 2014 was:

Adj_Book=Book Value per Share/CPI of Sep. 2014 (Change)*Current CPI (Sep. 2014)
=0.145/100.4278*100.4278
=0.145

Current CPI (Sep. 2014) = 100.4278.

Corporate Resource Services Quarterly Data

Book Value per Share CPI Adj_Book
200106 78.875 75.100 105.476
200109 7.593 75.227 10.137
200112 7.548 74.552 10.168
200203 5.226 75.438 6.957
200206 4.161 75.902 5.506
200209 -0.099 76.366 -0.130
200212 -1.493 76.324 -1.965
200303 -1.445 77.716 -1.867
200306 -1.372 77.505 -1.778
200309 -2.309 78.138 -2.968
200312 -5.327 77.758 -6.880
200403 -0.436 79.066 -0.554
200406 -0.441 80.037 -0.553
200803 0.026 90.090 0.029
200806 0.031 92.320 0.034
200809 0.040 92.307 0.044
200812 0.044 88.697 0.050
200903 0.029 89.744 0.032
200906 0.026 91.003 0.029
200909 0.004 91.120 0.004
200912 0.014 91.111 0.015
201003 0.007 91.821 0.008
201006 -0.001 91.962 -0.001
201009 0.040 92.162 0.044
201012 0.005 92.474 0.005
201103 0.030 94.283 0.032
201106 0.027 95.235 0.028
201109 0.039 95.727 0.041
201112 0.045 95.213 0.047
201203 0.132 96.783 0.137
201206 0.096 96.819 0.100
201209 0.072 97.633 0.074
201212 0.094 96.871 0.097
201303 0.106 98.209 0.108
201306 0.108 98.518 0.110
201309 0.122 98.790 0.124
201312 0.124 98.326 0.127
201403 0.115 99.695 0.116
201406 0.120 100.560 0.120
201409 0.145 100.428 0.145

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.


Corporate Resource Services  (FRA:HTS1) 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.


Corporate Resource Services Cyclically Adjusted PB Ratio Related Terms

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Corporate Resource Services (FRA:HTS1) Business Description

Traded in Other Exchanges
N/A
Address
160 Broadway, 13th Floor, New York, NY, USA, 10038
Corporate Resource Services Inc provides diversified technology staffing, recruiting and consulting services. It offers trained employees for Insurance, IT, Accounting, Science, Healthcare, Creative Services, Hospitality, Retail and Light Industrial Work.

Corporate Resource Services (FRA:HTS1) Headlines

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