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tw telecom (FRA:TWM) Cyclically Adjusted PB Ratio : (As of Jun. 22, 2024)


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What is tw telecom Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


tw telecom Cyclically Adjusted PB Ratio Historical Data

The historical data trend for tw telecom'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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tw telecom Cyclically Adjusted PB Ratio Chart

tw telecom Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted PB Ratio
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tw telecom Quarterly Data
Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
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Competitive Comparison of tw telecom's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, tw telecom'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.


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

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

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



tw telecom 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.

tw telecom's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2014 is calculated as:

For example, tw telecom's adjusted Book Value per Share data for the three months ended in Jun. 2014 was:

Adj_Book=Book Value per Share/CPI of Jun. 2014 (Change)*Current CPI (Jun. 2014)
=2.959/100.5595*100.5595
=2.959

Current CPI (Jun. 2014) = 100.5595.

tw telecom Quarterly Data

Book Value per Share CPI Adj_Book
200409 2.850 80.121 3.577
200412 2.365 80.290 2.962
200503 2.178 81.555 2.686
200506 2.170 82.062 2.659
200509 1.995 83.876 2.392
200512 1.907 83.032 2.310
200603 1.808 84.298 2.157
200606 1.489 85.606 1.749
200609 1.503 85.606 1.766
200612 3.069 85.142 3.625
200703 2.935 86.640 3.407
200706 2.869 87.906 3.282
200709 2.766 87.964 3.162
200712 2.662 88.616 3.021
200803 2.513 90.090 2.805
200806 2.507 92.320 2.731
200809 2.775 92.307 3.023
200812 2.992 88.697 3.392
200903 3.518 89.744 3.942
200906 3.330 91.003 3.680
200909 3.259 91.120 3.597
200912 3.321 91.111 3.665
201003 3.629 91.821 3.974
201006 4.676 91.962 5.113
201009 5.025 92.162 5.483
201012 4.364 92.474 4.746
201103 4.734 94.283 5.049
201106 4.703 95.235 4.966
201109 4.827 95.727 5.071
201112 5.083 95.213 5.368
201203 5.130 96.783 5.330
201206 5.563 96.819 5.778
201209 5.572 97.633 5.739
201212 5.597 96.871 5.810
201303 5.511 98.209 5.643
201306 4.549 98.518 4.643
201309 3.695 98.790 3.761
201312 3.223 98.326 3.296
201403 2.792 99.695 2.816
201406 2.959 100.560 2.959

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.


tw telecom  (FRA:TWM) 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.


tw telecom Cyclically Adjusted PB Ratio Related Terms

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


tw telecom (FRA:TWM) Business Description

Traded in Other Exchanges
N/A
Address
Tw telecom inc was formed in 1998. The Company together with its wholly-owned subsidiaries provide managed network services, specializing in business Ethernet, data networking, Converged, IP-based virtual private network or "IP VPN", Internet access, voice, including voice over Internet Protocol or "VoIP", and network security services to enterprise organizations, including public sector entities, and carriers throughout the U.S., including global locations. It offers a portfolio of solutions to its customers with predictable and reliable service quality. It designs and deliver scalable and efficient solutions that enable its customers complex and evolving business applications. These solutions emphasize its data networking service offerings, which include an expanding portfolio of business Ethernet data services, managed network services and its converged service offerings comprised of data, Internet, voice, security, remote access and managed routers. It also provides a broad range of traditional services, including a dedicated network service portfolio with private line, special access and private transport services, voice services and secure Internet access. Its customers include enterprise organizations in a wide variety of industry segments, including, among others, the financial services, technology and science, health care, distribution, manufacturing and professional services industries, data centers, cloud application providers, public sector entities, system integrators and communications service providers, including ILECs, CLECs, wireless communications companies and cable companies. Its primary competition is from the ILECs, CLECs and cable companies. The ILECs, primarily AT&T Inc., Verizon Communications, Inc. and CenturyLink Inc., other CLECs and some cable companies offer services substantially similar to some of those it offers and target some of the same customers. The Company is subject to regulation by the Federal Communications Commission ("FCC"), state regulatory authorities and local government agencies.