PXHI (PhoneX Holdings) Cyclically Adjusted PB Ratio: (As of Aug. 19, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is PhoneX Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PhoneX Holdings  (OTCPK:PXHI) 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.


PhoneX Holdings Cyclically Adjusted PB Ratio Related Terms


PhoneX Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PhoneX Holdings'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.

PhoneX Holdings Cyclically Adjusted PB Ratio Chart

PhoneX Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

PhoneX Holdings Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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

PXHI vs SMKC, TKAT, VTNLD: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, PhoneX Holdings'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.


PhoneX Holdings Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PhoneX Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PhoneX Holdings 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.

PhoneX Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2018 is calculated as:

For example, PhoneX Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2018 was:

Adj_Book=Book Value per Share/CPI of Dec. 2018 (Change)*Current CPI (Dec. 2018)
=0.013/251.2330*251.2330
=0.013

Current CPI (Dec. 2018) = 251.2330.

PhoneX Holdings Quarterly Data

Book Value per Share CPI Adj_Book
200903 2.699 212.709 3.188
200906 58.795 215.693 68.483
200909 56.214 215.969 65.393
200912 50.609 215.949 58.878
201003 41.049 217.631 47.387
201006 45.984 217.965 53.003
201009 0.000 218.439 0.000
201012 -5.228 219.179 -5.993
201103 -5.286 223.467 -5.943
201106 -5.090 225.722 -5.665
201109 -7.093 226.889 -7.854
201112 -0.562 225.672 -0.626
201203 6.824 229.392 7.474
201206 -0.361 229.478 -0.395
201209 0.681 231.407 0.739
201212 0.372 229.601 0.407
201303 0.134 232.773 0.145
201306 -0.004 233.504 -0.004
201309 -0.093 234.149 -0.100
201312 -0.136 233.049 -0.147
201403 0.280 236.293 0.298
201406 0.139 238.343 0.147
201409 0.468 238.031 0.494
201412 0.341 234.812 0.365
201503 0.177 236.119 0.188
201506 0.134 238.638 0.141
201509 0.120 237.945 0.127
201512 0.708 236.525 0.752
201603 0.618 238.132 0.652
201606 0.623 241.018 0.649
201609 0.682 241.428 0.710
201612 0.631 241.432 0.657
201703 0.600 243.801 0.618
201706 0.549 244.955 0.563
201709 0.524 246.819 0.533
201712 0.169 246.524 0.172
201803 0.087 249.554 0.088
201806 0.057 251.989 0.057
201809 0.042 252.439 0.042
201812 0.013 251.233 0.013

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.


PhoneX Holdings Business Description

Address 1422 South Tryon Street, Suite 02-123, Charlotte, NC, USA, 28203
PhoneX Holdings Inc is building the dominant cloud-based, software-as-a-service solution for the wholesale exchange of pre-owned mobile devices. The company works with mobile carriers and mobile handset distributors to facilitate commerce related to pre-owned mobile devices. It operates two distinct models Proprietary Trading Model, through which it purchases devices utilizing its balance sheet via its subsidiary Sell Cellular LLC, and the Platform Partnership Model, through which it enables its partners to license its software via its subsidiary. It generates revenue by licensing its software as a service to third parties.