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iPass (FRA:IPN1) Cyclically Adjusted PB Ratio : (As of Jun. 17, 2024)


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What is iPass Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


iPass Cyclically Adjusted PB Ratio Historical Data

The historical data trend for iPass'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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iPass Cyclically Adjusted PB Ratio Chart

iPass Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PB Ratio
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iPass Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of iPass's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, iPass'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.


iPass's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, iPass's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



iPass 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.

iPass's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, iPass's adjusted Book Value per Share data for the three months ended in Sep. 2018 was:

Adj_Book=Book Value per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=-0.812/106.5067*106.5067
=-0.812

Current CPI (Sep. 2018) = 106.5067.

iPass Quarterly Data

Book Value per Share CPI Adj_Book
200812 10.843 88.697 13.020
200903 10.674 89.744 12.668
200906 10.181 91.003 11.915
200909 7.014 91.120 8.198
200912 5.349 91.111 6.253
201003 5.663 91.821 6.569
201006 6.075 91.962 7.036
201009 5.358 92.162 6.192
201012 4.941 92.474 5.691
201103 4.547 94.283 5.137
201106 4.330 95.235 4.843
201109 4.505 95.727 5.012
201112 4.816 95.213 5.387
201203 4.645 96.783 5.112
201206 4.859 96.819 5.345
201209 4.739 97.633 5.170
201212 4.570 96.871 5.025
201303 4.248 98.209 4.607
201306 4.083 98.518 4.414
201309 3.816 98.790 4.114
201312 3.312 98.326 3.588
201403 2.731 99.695 2.918
201406 5.214 100.560 5.522
201409 4.977 100.428 5.278
201412 4.819 99.070 5.181
201503 4.889 99.621 5.227
201506 3.857 100.684 4.080
201509 3.430 100.392 3.639
201512 3.273 99.792 3.493
201603 2.628 100.470 2.786
201606 2.533 101.688 2.653
201609 2.590 101.861 2.708
201612 2.685 101.863 2.807
201703 2.086 102.862 2.160
201706 1.335 103.349 1.376
201709 0.465 104.136 0.476
201712 0.096 104.011 0.098
201803 -0.254 105.290 -0.257
201806 -0.239 106.317 -0.239
201809 -0.812 106.507 -0.812

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.


iPass  (FRA:IPN1) 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.


iPass Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of iPass's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


iPass (FRA:IPN1) Business Description

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Address
iPass Inc is a US based company engaged in providing mobile connectivity, offering simple, secure, always-on Wi-Fi access on any mobile device. Built on a software-as-a-service (SaaS) platform, the iPass cloud-based service keeps its customers connected by providing unlimited Wi-Fi connectivity on unlimited devices. The company has millions of hotspots in more than 100 countries, at airports, hotels, train stations, convention centers, outdoor venues, inflight, and more. Geographically, the business presence of the firm can be seen across the region of United States, North America, Europe, and the Asia-Pacific and Rest of the world.

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