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Brightcove (Brightcove) Cyclically Adjusted PB Ratio : 0.81 (As of May. 25, 2024)


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What is Brightcove Cyclically Adjusted PB Ratio?

As of today (2024-05-25), Brightcove's current share price is $2.13. Brightcove's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.62. Brightcove's Cyclically Adjusted PB Ratio for today is 0.81.

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

BCOV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 3   Max: 11.98
Current: 0.79

During the past years, Brightcove's highest Cyclically Adjusted PB Ratio was 11.98. The lowest was 0.62. And the median was 3.00.

BCOV's Cyclically Adjusted PB Ratio is ranked better than
82.73% of 1355 companies
in the Software industry
Industry Median: 2.61 vs BCOV: 0.79

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.

Brightcove's adjusted book value per share data for the three months ended in Mar. 2024 was $2.183. 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 $2.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brightcove Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Brightcove'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.

Brightcove Cyclically Adjusted PB Ratio Chart

Brightcove 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 5.14 9.00 4.12 2.02 0.99

Brightcove 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 1.70 1.53 1.25 0.99 0.74

Competitive Comparison of Brightcove's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Brightcove'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.


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

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

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



Brightcove 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.13/2.62
=0.81

* 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.

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

For example, Brightcove'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)
=2.183/131.7762*131.7762
=2.183

Current CPI (Mar. 2024) = 131.7762.

Brightcove Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.665 100.560 3.492
201409 2.583 100.428 3.389
201412 2.491 99.070 3.313
201503 2.440 99.621 3.228
201506 2.367 100.684 3.098
201509 2.366 100.392 3.106
201512 2.391 99.792 3.157
201603 2.384 100.470 3.127
201606 2.346 101.688 3.040
201609 2.411 101.861 3.119
201612 2.299 101.863 2.974
201703 2.202 102.862 2.821
201706 2.021 103.349 2.577
201709 1.907 104.136 2.413
201712 1.918 104.011 2.430
201803 2.080 105.290 2.603
201806 2.007 106.317 2.488
201809 1.953 106.507 2.416
201812 1.928 105.998 2.397
201903 1.843 107.251 2.264
201906 1.893 108.070 2.308
201909 1.947 108.329 2.368
201912 1.905 108.420 2.315
202003 1.759 108.902 2.128
202006 1.765 108.767 2.138
202009 1.862 109.815 2.234
202012 1.989 109.897 2.385
202103 2.182 111.754 2.573
202106 2.233 114.631 2.567
202109 2.248 115.734 2.560
202112 2.334 117.630 2.615
202203 2.409 121.301 2.617
202206 2.452 125.017 2.585
202209 2.457 125.227 2.586
202212 2.419 125.222 2.546
202303 2.200 127.348 2.277
202306 2.118 128.729 2.168
202309 2.124 129.860 2.155
202312 2.149 129.419 2.188
202403 2.183 131.776 2.183

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.


Brightcove  (NAS:BCOV) 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.


Brightcove Cyclically Adjusted PB Ratio Related Terms

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


Brightcove (Brightcove) Business Description

Industry
Traded in Other Exchanges
Address
281 Summer Street, Boston, MA, USA, 02210
Brightcove Inc is a provider of cloud-based services for the video ecosystem. The firm targets its solutions at media companies, broadcasters, publishers, and corporations. Brightcove Video Cloud is the firm's flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a significant portion of the firm's revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia.
Executives
Marc Debevoise director, officer: Chief Executive Officer LIMELIGHT NETWORKS, 222 SOUTH MILL AVENUE, #800, TEMPE AZ 85281
Edenbrook Capital, Llc 10 percent owner 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Kristin E. Frank director C/O GAIAM, INC., 833 WEST SOUTH BOULDER ROAD, LOUISVILLE CO 80027
Ritcha Ranjan director BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Scott Kurnit director
Diane Hessan director 2 BATTERY WHARF, #2510, BOSTON MA 02109
Thomas E Wheeler director 1250 CONNECTICUT AVE NW, CELLULAR TELECOMMUNICATIONS& INTERNET, WASHINGTON DC 20036
Jeff Ray director, officer: Chief Executive Officer C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Jonathan Brolin 10 percent owner 2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507
David Plotkin officer: General Counsel, SVP BRIGHTCOVE INC., 390 CONGRESS STEET, BOSTON MA 02210
Tsedal Neeley director BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Deborah M. Besemer director 257 TURNPIKE ROAD, SUITE 210, SOUTHBOROUGH MA 01772
Robert Noreck officer: Chief Financial Officer C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Chet Kapoor director BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02210
Christopher Stagno officer: PAO, VP, Corporate Controller C/O BRIGHTCOVE INC., 290 CONGRESS STREET, BOSTON MA 02110