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InnerWorkings (FRA:QPV) Cyclically Adjusted PB Ratio : (As of Jun. 06, 2024)


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What is InnerWorkings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


InnerWorkings Cyclically Adjusted PB Ratio Historical Data

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

InnerWorkings Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted PB Ratio
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InnerWorkings Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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Competitive Comparison of InnerWorkings's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, InnerWorkings'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.


InnerWorkings's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, InnerWorkings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



InnerWorkings 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.

InnerWorkings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2020 is calculated as:

For example, InnerWorkings's adjusted Book Value per Share data for the three months ended in Jun. 2020 was:

Adj_Book=Book Value per Share/CPI of Jun. 2020 (Change)*Current CPI (Jun. 2020)
=2.791/108.7673*108.7673
=2.791

Current CPI (Jun. 2020) = 108.7673.

InnerWorkings Quarterly Data

Book Value per Share CPI Adj_Book
201009 2.600 92.162 3.068
201012 2.627 92.474 3.090
201103 2.526 94.283 2.914
201106 2.515 95.235 2.872
201109 2.700 95.727 3.068
201112 2.993 95.213 3.419
201203 3.093 96.783 3.476
201206 3.288 96.819 3.694
201209 3.332 97.633 3.712
201212 3.688 96.871 4.141
201303 3.470 98.209 3.843
201306 3.439 98.518 3.797
201309 3.534 98.790 3.891
201312 3.494 98.326 3.865
201403 3.479 99.695 3.796
201406 3.590 100.560 3.883
201409 3.852 100.428 4.172
201412 4.546 99.070 4.991
201503 5.106 99.621 5.575
201506 4.971 100.684 5.370
201509 5.033 100.392 5.453
201512 4.394 99.792 4.789
201603 4.338 100.470 4.696
201606 4.162 101.688 4.452
201609 4.272 101.861 4.562
201612 4.595 101.863 4.906
201703 4.706 102.862 4.976
201706 4.585 103.349 4.825
201709 4.538 104.136 4.740
201712 4.448 104.011 4.651
201803 4.267 105.290 4.408
201806 4.270 106.317 4.368
201809 3.509 106.507 3.583
201812 3.070 105.998 3.150
201903 3.112 107.251 3.156
201906 3.112 108.070 3.132
201909 3.144 108.329 3.157
201912 3.077 108.420 3.087
202003 2.983 108.902 2.979
202006 2.791 108.767 2.791

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.


InnerWorkings  (FRA:QPV) 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.


InnerWorkings Cyclically Adjusted PB Ratio Related Terms

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


InnerWorkings (FRA:QPV) Business Description

Traded in Other Exchanges
N/A
Address
203 North LaSalle Street, Suite 1800, Chicago, IL, USA, 60601
InnerWorkings Inc is a marketing supply-chain company that provides marketing solutions, such as advertising materials, branded merchandise, product packaging, and retail displays. The company has three geographical reportable segments namely North America, EMEA, and LATAM. It generates maximum revenue from North America segment. The company operates a software platform called VALO that enables customers to a source, produce, monitor, and analyze their marketing plan with the company.

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