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Softchoice (Softchoice) Cyclically Adjusted PB Ratio : 2.75 (As of Jun. 04, 2024)


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What is Softchoice Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Softchoice's current share price is $13.30. Softchoice's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $4.84. Softchoice's Cyclically Adjusted PB Ratio for today is 2.75.

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

SFTCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.54   Med: 3.25   Max: 6.94
Current: 3.37

During the past years, Softchoice's highest Cyclically Adjusted PB Ratio was 6.94. The lowest was 2.54. And the median was 3.25.

SFTCF's Cyclically Adjusted PB Ratio is ranked worse than
60% of 1395 companies
in the Software industry
Industry Median: 2.58 vs SFTCF: 3.37

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.

Softchoice's adjusted book value per share data for the three months ended in Mar. 2024 was $-2.092. 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 $4.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Softchoice Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Softchoice'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.

Softchoice Cyclically Adjusted PB Ratio Chart

Softchoice Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3.71 3.16 2.77

Softchoice Quarterly Data
Jun12 Sep12 Dec12 Mar13 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 3.01 3.16 2.64 2.77 3.33

Competitive Comparison of Softchoice's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, Softchoice'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.


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

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

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



Softchoice 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.30/4.84
=2.75

* 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.

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

For example, Softchoice'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)
=-2.092/126.2576*126.2576
=-2.092

Current CPI (Mar. 2024) = 126.2576.

Softchoice Quarterly Data

Book Value per Share CPI Adj_Book
200706 3.937 88.412 5.622
200709 4.025 88.412 5.748
200712 4.269 88.491 6.091
200803 4.393 88.965 6.234
200806 4.743 91.177 6.568
200809 4.687 91.414 6.473
200812 3.854 89.518 5.436
200903 3.787 90.071 5.308
200906 4.192 90.940 5.820
200909 4.252 90.624 5.924
200912 4.877 90.703 6.789
201003 5.067 91.335 7.004
201006 5.447 91.809 7.491
201009 5.541 92.362 7.574
201012 5.890 92.836 8.010
201103 6.134 94.338 8.209
201106 6.718 94.654 8.961
201109 6.730 95.286 8.918
201112 7.073 94.970 9.403
201203 7.355 96.155 9.658
201206 7.799 96.076 10.249
201209 8.039 96.392 10.530
201212 8.389 95.760 11.061
201303 8.546 97.103 11.112
202006 0.000 108.401 0.000
202009 0.000 108.164 0.000
202012 -0.431 108.559 -0.501
202103 0.000 110.298 0.000
202106 0.842 111.720 0.952
202109 0.775 112.905 0.867
202112 0.978 113.774 1.085
202203 0.905 117.646 0.971
202206 0.856 120.806 0.895
202209 0.652 120.648 0.682
202212 0.691 120.964 0.721
202303 0.577 122.702 0.594
202306 0.664 124.203 0.675
202309 0.812 125.230 0.819
202312 0.970 125.072 0.979
202403 -2.092 126.258 -2.092

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.


Softchoice  (OTCPK:SFTCF) 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.


Softchoice Cyclically Adjusted PB Ratio Related Terms

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


Softchoice (Softchoice) Business Description

Industry
Traded in Other Exchanges
Address
173 Dufferin Street, Suite 200, Toronto, ON, CAN, M6K 3H7
Softchoice Corp is a technology service and solutions provider that equips organizations to be agile for their people to be engaged, connected and creative at work. The company designs, procures, implements and manages complex multi-vendor IT solutions that enable customers' digital transformations using a results-oriented engagement model that drives long-term relationships.