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ScanSource (FRA:SC3) Cyclically Adjusted PB Ratio : 1.24 (As of Jun. 01, 2024)


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What is ScanSource Cyclically Adjusted PB Ratio?

As of today (2024-06-01), ScanSource's current share price is €43.40. ScanSource's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €34.93. ScanSource's Cyclically Adjusted PB Ratio for today is 1.24.

The historical rank and industry rank for ScanSource's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:SC3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.33   Max: 2.51
Current: 1.24

During the past years, ScanSource's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 0.55. And the median was 1.33.

FRA:SC3's Cyclically Adjusted PB Ratio is ranked better than
62% of 1884 companies
in the Hardware industry
Industry Median: 1.66 vs FRA:SC3: 1.24

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

ScanSource's adjusted book value per share data for the three months ended in Mar. 2024 was €35.151. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €34.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ScanSource Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ScanSource'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.

* Premium members only.

ScanSource Cyclically Adjusted PB Ratio Chart

ScanSource Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 0.78 0.86 0.87 0.80

ScanSource Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.83 0.80 0.81 1.06 1.15

Competitive Comparison of ScanSource's Cyclically Adjusted PB Ratio

For the Electronics & Computer Distribution subindustry, ScanSource'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.


ScanSource's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



ScanSource 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.

ScanSource's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.40/34.93
=1.24

* 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.

ScanSource's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ScanSource's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=35.151/131.7762*131.7762
=35.151

Current CPI (Mar. 2024) = 131.7762.

ScanSource Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.699 100.560 27.125
201409 22.022 100.428 28.896
201412 23.169 99.070 30.818
201503 25.820 99.621 34.154
201506 25.548 100.684 33.438
201509 25.162 100.392 33.028
201512 26.225 99.792 34.630
201603 26.505 100.470 34.764
201606 26.910 101.688 34.872
201609 27.392 101.861 35.437
201612 29.568 101.863 38.251
201703 29.871 102.862 38.268
201706 29.296 103.349 37.354
201709 28.130 104.136 35.597
201712 28.444 104.011 36.037
201803 27.839 105.290 34.842
201806 28.977 106.317 35.916
201809 29.380 106.507 36.351
201812 30.762 105.998 38.243
201903 31.366 107.251 38.539
201906 31.840 108.070 38.825
201909 32.583 108.329 39.635
201912 32.937 108.420 40.032
202003 32.053 108.902 38.786
202006 23.748 108.767 28.772
202009 22.470 109.815 26.964
202012 22.031 109.897 26.417
202103 22.778 111.754 26.859
202106 23.800 114.631 27.360
202109 24.842 115.734 28.285
202112 26.509 117.630 29.697
202203 28.803 121.301 31.290
202206 30.292 125.017 31.930
202209 33.112 125.227 34.844
202212 32.123 125.222 33.804
202303 32.826 127.348 33.967
202306 33.633 128.729 34.429
202309 34.358 129.860 34.865
202312 34.763 129.419 35.396
202403 35.151 131.776 35.151

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.


ScanSource  (FRA:SC3) 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.


ScanSource Cyclically Adjusted PB Ratio Related Terms

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


ScanSource (FRA:SC3) Business Description

Industry
Traded in Other Exchanges
Address
6 Logue Court, Greenville, SC, USA, 29615
ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.

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