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Smart Employee Benefits (Smart Employee Benefits) Cyclically Adjusted PB Ratio : (As of Jun. 08, 2024)


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What is Smart Employee Benefits Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Smart Employee Benefits Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Smart Employee Benefits'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.

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Smart Employee Benefits Cyclically Adjusted PB Ratio Chart

Smart Employee Benefits Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Cyclically Adjusted PB Ratio
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Smart Employee Benefits Quarterly Data
Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22
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Competitive Comparison of Smart Employee Benefits's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, Smart Employee Benefits'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.


Smart Employee Benefits's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Smart Employee Benefits 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.

Smart Employee Benefits's Cyclically Adjusted Book per Share for the quarter that ended in Aug. 2022 is calculated as:

For example, Smart Employee Benefits's adjusted Book Value per Share data for the three months ended in Aug. 2022 was:

Adj_Book=Book Value per Share/CPI of Aug. 2022 (Change)*Current CPI (Aug. 2022)
=-0.098/120.5689*120.5689
=-0.098

Current CPI (Aug. 2022) = 120.5689.

Smart Employee Benefits Quarterly Data

Book Value per Share CPI Adj_Book
201205 0.097 96.471 0.121
201302 0.054 96.945 0.067
201305 0.062 97.182 0.077
201308 0.045 97.261 0.056
201311 0.035 97.182 0.043
201402 0.027 98.051 0.033
201405 0.038 99.394 0.046
201408 0.030 99.315 0.036
201411 0.054 99.078 0.066
201502 0.099 99.078 0.120
201505 0.086 100.263 0.103
201508 0.067 100.579 0.080
201511 0.055 100.421 0.066
201602 0.054 100.421 0.065
201605 0.051 101.765 0.060
201608 0.031 101.686 0.037
201611 0.020 101.607 0.024
201702 0.025 102.476 0.029
201705 0.011 103.108 0.013
201708 -0.005 103.108 -0.006
201711 0.017 103.740 0.020
201802 0.012 104.688 0.014
201805 0.000 105.399 0.000
201808 -0.006 106.031 -0.007
201811 -0.044 105.478 -0.050
201902 -0.050 106.268 -0.057
201905 -0.058 107.927 -0.065
201908 -0.055 108.085 -0.061
201911 -0.060 107.769 -0.067
202002 -0.064 108.559 -0.071
202005 -0.063 107.532 -0.071
202008 -0.073 108.243 -0.081
202011 -0.059 108.796 -0.065
202102 -0.062 109.745 -0.068
202105 -0.068 111.404 -0.074
202108 -0.070 112.668 -0.075
202111 -0.078 113.932 -0.083
202202 -0.085 115.986 -0.088
202205 -0.090 120.016 -0.090
202208 -0.098 120.569 -0.098

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.


Smart Employee Benefits  (OTCPK:SEBFF) 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.


Smart Employee Benefits Cyclically Adjusted PB Ratio Related Terms

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Smart Employee Benefits (Smart Employee Benefits) Business Description

Traded in Other Exchanges
N/A
Address
5500 Explorer Drive, 4th Floor, Mississauga, ON, CAN, L4W 5C7
Smart Employee Benefits Inc is a Canadian technology company providing software-enabled services in the areas of healthcare transaction processing, software solutions, and professional services for corporate and government clients. The company's business segments are Benefits and Technology. Its Benefits segment provides software, solutions, services, and products focused on managing group benefit and wellness solutions and healthcare claims processing environments for corporate and government clients. The Technology segment provides solutions in the areas of supply change management, integration, and energy, as well as training and resource provisioning. It earns most of its revenue from the Technology segment.

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