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Gartner (Gartner) Cyclically Adjusted PB Ratio : 70.09 (As of May. 20, 2024)


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What is Gartner Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Gartner's current share price is $456.30. Gartner's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.51. Gartner's Cyclically Adjusted PB Ratio for today is 70.09.

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

IT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 20.97   Med: 53.83   Max: 107.81
Current: 69.16

During the past years, Gartner's highest Cyclically Adjusted PB Ratio was 107.81. The lowest was 20.97. And the median was 53.83.

IT's Cyclically Adjusted PB Ratio is ranked worse than
99.26% of 1348 companies
in the Software industry
Industry Median: 2.605 vs IT: 69.16

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.

Gartner's adjusted book value per share data for the three months ended in Mar. 2024 was $9.182. 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 $6.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gartner Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gartner'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.

Gartner Cyclically Adjusted PB Ratio Chart

Gartner Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.82 32.19 58.51 57.99 72.14

Gartner 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 54.91 57.74 55.54 72.14 73.22

Competitive Comparison of Gartner's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, Gartner'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.


Gartner's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Gartner 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=456.30/6.51
=70.09

* 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.

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

For example, Gartner'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)
=9.182/131.7762*131.7762
=9.182

Current CPI (Mar. 2024) = 131.7762.

Gartner Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.222 100.560 2.912
201409 1.733 100.428 2.274
201412 1.842 99.070 2.450
201503 -1.659 99.621 -2.194
201506 -2.049 100.684 -2.682
201509 -1.926 100.392 -2.528
201512 -1.608 99.792 -2.123
201603 -1.366 100.470 -1.792
201606 -0.639 101.688 -0.828
201609 -0.127 101.861 -0.164
201612 0.737 101.863 0.953
201703 1.238 102.862 1.586
201706 9.421 103.349 12.012
201709 9.525 104.136 12.053
201712 10.828 104.011 13.718
201803 10.827 105.290 13.551
201806 10.146 106.317 12.576
201809 10.359 106.507 12.817
201812 9.484 105.998 11.790
201903 9.512 107.251 11.687
201906 10.693 108.070 13.039
201909 10.278 108.329 12.503
201912 10.527 108.420 12.795
202003 9.970 108.902 12.064
202006 11.093 108.767 13.440
202009 11.604 109.815 13.925
202012 12.274 109.897 14.718
202103 10.239 111.754 12.073
202106 6.271 114.631 7.209
202109 4.033 115.734 4.592
202112 4.503 117.630 5.045
202203 1.454 121.301 1.580
202206 -1.797 125.017 -1.894
202209 -0.820 125.227 -0.863
202212 2.877 125.222 3.028
202303 5.948 127.348 6.155
202306 7.408 128.729 7.583
202309 7.210 129.860 7.316
202312 8.688 129.419 8.846
202403 9.182 131.776 9.182

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.


Gartner  (NYSE:IT) 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.


Gartner Cyclically Adjusted PB Ratio Related Terms

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


Gartner (Gartner) Business Description

Industry
Traded in Other Exchanges
Address
56 Top Gallant Road, P.O. Box 10212, Stamford, CT, USA, 06902-7700
Based in Stamford, Conn., Gartner provides independent research and analysis on information technology and other related technology industries. Its research is delivered to clients' desktops in the form of reports, briefings, and updates. Typical clients are chief information officers and other business executives who help plan companies' IT budgets. Gartner also provides consulting services and hosted nearly 80 IT conferences across the globe in 2007.
Executives
Claire Herkes officer: EVP, Conferences 56 TOP GALLANT ROAD, STAMFORD CT 06902
Robin B Kranich officer: SVP,Research Ops & Bus Dvlpmt 56 TOP GALLANT RD, STAMFORD CT 06902
Craig Safian officer: EVP & CFO 56 TOP GALLANT ROAD, STAMFORD CT 06904
Valentin Sribar officer: SVP, Research & Advisory 56 TOP GALLANT ROAD, STAMFORD CT 06902
Alwyn Dawkins officer: EVP, Conferences 56 TOP GALLANT ROAD, STAMFORD CT 06902
Akhil Jain officer: SVP, Consulting 56 TOP GALLANT ROAD, STAMFORD CT 06902
Richard J Bressler director 1515 BROADWAY, NEW YORK NY 10036
James C Smith director C/O FIRST HEALTH GROUP CORP, 3200 HIGHLAND AVENUE, DOWNERS GROVE IL 60515
Wartinbee William James Iii officer: SVP, Global Sales Strat & Ops 56 TOP GALLANT ROAD, STAMFORD CT 06902
Anne Sutherland Fuchs director
Joseph P. Beck officer: EVP, Global Technology Sales 56 TOP GALLANT RD., STAMFORD CT 06902
Eugene A Hall director, officer: CEO ONE ADP BLVD, ROSELAND NJ 07068
Altaf Rupani officer: EVP, Chief Information Officer 56 TOP GALLANT RD, STAMFORD CT 06902
Michael Fox Diliberto officer: SVP, Chief Information Officer 56 TOP GALLANT RD, STAMFORD CT 06904
Scott Hensel officer: EVP Consulting C/O GARTNER, INC., 56 TOP GALLANT RD., STAMFORD CT 06902

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