GURUFOCUS.COM » STOCK LIST » Technology » Software » Micro Focus International PLC (NYSE:MFGP) » Definitions » Cyclically Adjusted PB Ratio

Micro Focus International (Micro Focus International) Cyclically Adjusted PB Ratio : (As of May. 18, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Micro Focus International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Micro Focus International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Micro Focus International'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.

Micro Focus International Cyclically Adjusted PB Ratio Chart

Micro Focus International Annual Data
Trend Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Oct19 Oct20 Oct21
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Micro Focus International Semi-Annual Data
Apr12 Oct12 Apr13 Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22
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 - - - - -

Competitive Comparison of Micro Focus International's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Micro Focus International'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.


Micro Focus International's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Micro Focus International 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.

Micro Focus International's Cyclically Adjusted Book per Share for the fiscal year that ended in Oct21 is calculated as:

For example, Micro Focus International's adjusted Book Value per Share data for the fiscal year that ended in Oct21 was:

Adj_Book=Book Value per Share/CPI of Oct21 (Change)*Current CPI (Oct21)
=8.405/113.4000*113.4000
=8.405

Current CPI (Oct21) = 113.4000.

Micro Focus International Annual Data

Book Value per Share CPI Adj_Book
201104 2.195 93.300 2.668
201204 1.199 95.900 1.418
201304 0.532 98.000 0.616
201404 -0.163 99.600 -0.186
201504 7.650 99.900 8.684
201604 9.063 100.600 10.216
201704 9.136 103.200 10.039
201910 18.282 108.300 19.143
202010 9.600 109.200 9.969
202110 8.405 113.400 8.405

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.


Micro Focus International  (NYSE:MFGP) 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.


Micro Focus International Cyclically Adjusted PB Ratio Related Terms

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


Micro Focus International (Micro Focus International) Business Description

Traded in Other Exchanges
N/A
Address
22-30 Old Bath Road, The Lawn, Newbury, Berkshire, GBR, RG14 1QN
Micro Focus International is an enterprise software company supporting the technology needs and challenges. Its solutions help organizations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times. Its product portfolios are Security, IT Operations Management, Application Delivery Management, Information Management and Governance and Application Modernization and Connectivity.