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Conversant (FRA:VCK) Cyclically Adjusted PB Ratio : (As of Jun. 07, 2024)


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What is Conversant Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Conversant Cyclically Adjusted PB Ratio Historical Data

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

Conversant Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted PB Ratio
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Conversant 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 Conversant's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Conversant'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.


Conversant's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

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

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



Conversant 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.

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

For example, Conversant'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)
=6.076/100.4278*100.4278
=6.076

Current CPI (Sep. 2014) = 100.4278.

Conversant Quarterly Data

Book Value per Share CPI Adj_Book
200412 2.895 80.290 3.621
200503 3.536 81.555 4.354
200506 4.070 82.062 4.981
200509 6.052 83.876 7.246
200512 4.939 83.032 5.974
200603 5.039 84.298 6.003
200606 4.338 85.606 5.089
200609 4.746 85.606 5.568
200612 4.865 85.142 5.738
200703 5.015 86.640 5.813
200706 5.157 87.906 5.892
200709 4.928 87.964 5.626
200712 4.914 88.616 5.569
200803 4.558 90.090 5.081
200806 4.725 92.320 5.140
200809 4.821 92.307 5.245
200812 3.017 88.697 3.416
200903 3.238 89.744 3.623
200906 3.212 91.003 3.545
200909 3.322 91.120 3.661
200912 3.228 91.111 3.558
201003 3.548 91.821 3.881
201006 4.104 91.962 4.482
201009 4.209 92.162 4.587
201012 4.366 92.474 4.742
201103 4.088 94.283 4.354
201106 4.215 95.235 4.445
201109 5.155 95.727 5.408
201112 5.312 95.213 5.603
201203 5.622 96.783 5.834
201206 5.524 96.819 5.730
201209 5.663 97.633 5.825
201212 5.977 96.871 6.196
201303 6.357 98.209 6.501
201306 6.050 98.518 6.167
201309 5.069 98.790 5.153
201312 5.505 98.326 5.623
201403 5.930 99.695 5.974
201406 5.601 100.560 5.594
201409 6.076 100.428 6.076

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.


Conversant  (FRA:VCK) 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.


Conversant Cyclically Adjusted PB Ratio Related Terms

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


Conversant (FRA:VCK) Business Description

Traded in Other Exchanges
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Conversant Inc, formerly known as Valueclick Inc. The Company and its subsidiaries offers digital marketing services across its Affiliate Marketing and Media segments. In affiliate marketing, a website or mobile publisher joins an advertiser's affiliate marketing program and agrees to distribute the advertiser's offers in exchange for commissions on sales or leads generated. The publisher places the advertiser's display advertisements or text links on their website or mobile website, in email campaigns, or in search listings, and receives a commission from the advertiser only when a visitor takes an agreed-upon action, such as making a purchase on the advertiser's website. Advertisers upload their offers onto its system, making them available for placement by affiliates. The Companys affiliate marketing services are structured to deliver an exceptional level of experience, expertise and strategic support to advertisers. Dedicated teams are focused on technical support, network quality and account services to work with advertisers as strategic partners in managing their affiliate programs. The Company offers its clients the option to choose the level of service that fits their needs, ranging from full program management to network access. The Companys media solutions enable marketers to deliver personalized communications and are designed for flexibility based on each brands specific needs. Its media solutions also include a suite of ad serving and analytics tools designed to improve marketing effectiveness through precise ad execution and data collection: the Conversant Tag Manager, which streamlines the collection of website data; Conversant Data Collection & Management, which unites marketing data from across digital channels; and the ConversantTM Ad Server, which executes, reports and optimizes ad campaigns across digital channels. The Company markets its products and services primarily through direct marketing, print advertising and online advertising throughout the year.

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