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KELYB (Kelly Services) Cyclically Adjusted PB Ratio : 0.33 (As of Apr. 27, 2025)


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What is Kelly Services Cyclically Adjusted PB Ratio?

As of today (2025-04-27), Kelly Services's current share price is $11.77. Kelly Services's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $35.76. Kelly Services's Cyclically Adjusted PB Ratio for today is 0.33.

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

KELYB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.75   Max: 1.35
Current: 0.32

During the past years, Kelly Services's highest Cyclically Adjusted PB Ratio was 1.35. The lowest was 0.31. And the median was 0.75.

KELYB's Cyclically Adjusted PB Ratio is ranked better than
89.67% of 658 companies
in the Business Services industry
Industry Median: 1.445 vs KELYB: 0.32

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.

Kelly Services's adjusted book value per share data for the three months ended in Dec. 2024 was $35.365. 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 $35.76 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kelly Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kelly Services'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.

Kelly Services Cyclically Adjusted PB Ratio Chart

Kelly Services Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 0.57 0.52 0.63 0.39

Kelly Services Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.63 0.72 0.61 0.60 0.39

Competitive Comparison of Kelly Services's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, Kelly Services'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.


Kelly Services's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Kelly Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Kelly Services 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.

Kelly Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.77/35.76
=0.33

* 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.

Kelly Services's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=35.365/133.1571*133.1571
=35.365

Current CPI (Dec. 2024) = 133.1571.

Kelly Services Quarterly Data

Book Value per Share CPI Adj_Book
201503 22.045 99.621 29.466
201506 22.341 100.684 29.547
201509 22.681 100.392 30.084
201512 23.563 99.792 31.441
201603 23.968 100.470 31.766
201606 24.517 101.688 32.104
201609 26.610 101.861 34.786
201612 26.492 101.863 34.631
201703 27.407 102.862 35.479
201706 28.026 103.349 36.109
201709 29.349 104.136 37.528
201712 29.987 104.011 38.390
201803 30.704 105.290 38.831
201806 29.920 106.317 37.473
201809 30.562 106.507 38.209
201812 29.807 105.998 37.444
201903 30.123 107.251 37.399
201906 32.435 108.070 39.965
201909 31.913 108.329 39.227
201912 32.340 108.420 39.719
202003 27.992 108.902 34.227
202006 29.150 108.767 35.687
202009 29.672 109.815 35.979
202012 30.611 109.897 37.090
202103 30.943 111.754 36.869
202106 31.569 114.631 36.671
202109 32.338 115.734 37.206
202112 33.914 117.630 38.391
202203 32.324 121.301 35.483
202206 33.730 125.017 35.926
202209 33.053 125.227 35.146
202212 33.445 125.222 35.564
202303 34.093 127.348 35.648
202306 34.885 128.729 36.085
202309 35.006 129.860 35.895
202312 35.493 129.419 36.518
202403 35.977 131.776 36.354
202406 35.952 132.554 36.116
202409 36.041 133.029 36.076
202412 35.365 133.157 35.365

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.


Kelly Services  (NAS:KELYB) 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.


Kelly Services Cyclically Adjusted PB Ratio Related Terms

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


Kelly Services Business Description

Traded in Other Exchanges
Address
999 West Big Beaver Road, Troy, MI, USA, 48084
Kelly Services Inc is a provider of workforce solutions and consulting, and staffing services. The company's operations are divided into four business segments, namely Professional & Industrial, Science, Education, Outsourcing & Consulting Group, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement, or outcome-based services. OCG segment delivers talent solutions, including managed service providers, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. The majority of revenue is derived from Professional & Industrial.