HMNY (Helios and Matheson Analytics) Cyclically Adjusted PB Ratio: (As of Aug. 02, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Helios and Matheson Analytics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Helios and Matheson Analytics  (OTCPK:HMNY) 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.


Helios and Matheson Analytics Cyclically Adjusted PB Ratio Related Terms


Helios and Matheson Analytics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Helios and Matheson Analytics'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.

Helios and Matheson Analytics Cyclically Adjusted PB Ratio Chart

Helios and Matheson Analytics Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PB Ratio
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Helios and Matheson Analytics Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 0.00 0.00 0.00 0.00 0.00

Helios and Matheson Analytics Cyclically Adjusted PB Ratio Competitor Comparison

For the Information Technology Services subindustry, Helios and Matheson Analytics'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.


Helios and Matheson Analytics Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Helios and Matheson Analytics's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Helios and Matheson Analytics's Cyclically Adjusted PB Ratio falls into.



Helios and Matheson Analytics 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.

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

For example, Helios and Matheson Analytics'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)
=0.072/252.4390*252.4390
=0.072

Current CPI (Sep. 2018) = 252.4390.

Helios and Matheson Analytics Quarterly Data

Book Value per Share CPI Adj_Book
200812 916.250 210.228 1,100.221
200903 731.500 212.709 868.130
200906 618.750 215.693 724.162
200909 485.250 215.969 567.193
200912 521.800 215.949 609.971
201003 450.400 217.631 522.437
201006 365.000 217.965 422.729
201009 426.111 218.439 492.435
201012 407.222 219.179 469.017
201103 394.111 223.467 445.207
201106 395.667 225.722 442.499
201109 402.333 226.889 447.640
201112 428.000 225.672 478.765
201203 429.778 229.392 472.958
201206 440.000 229.478 484.025
201209 456.444 231.407 497.929
201212 472.556 229.601 519.560
201303 460.444 232.773 499.345
201306 470.778 233.504 508.954
201309 480.556 234.149 518.094
201312 488.444 233.049 529.083
201403 458.778 236.293 490.126
201406 449.778 238.343 476.379
201409 444.556 238.031 471.465
201412 445.556 234.812 479.003
201503 451.222 236.119 482.409
201506 457.889 238.638 484.370
201509 202.444 237.945 214.776
201512 208.667 236.525 222.707
201603 192.000 238.132 203.535
201606 176.000 241.018 184.340
201609 77.333 241.428 80.860
201612 628.316 241.432 656.961
201703 438.130 243.801 453.653
201706 381.607 244.955 393.266
201709 -708.176 246.819 -724.301
201712 -406.281 246.524 -416.029
201803 -17.768 249.554 -17.973
201806 54.467 251.989 54.564
201809 0.072 252.439 0.072

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.


Helios and Matheson Analytics Business Description

Address Empire State Building, 350 Fifth Avenue, New York, NY, USA, 10118
Helios and Matheson Analytics Inc is a United States-based company, that engages in the provision of information technology services and solutions. Its services include application value management, application development, integration, independent validation, infrastructure, information management, and analytics services. The company serves various industries including financial, healthcare, retail, education, and government.