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As of today (2024-04-30), SPAR Group's current share price is $1.84. SPAR Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $1.12. SPAR Group's Cyclically Adjusted PB Ratio for today is 1.64.
The historical rank and industry rank for SPAR Group's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, SPAR Group's highest Cyclically Adjusted PB Ratio was 7.18. The lowest was 0.74. And the median was 1.79.
SGRP's Cyclically Adjusted PB Ratio is ranked better thanThe 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.
SPAR Group's adjusted book value per share data for the three months ended in Dec. 2023 was $1.214. 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 $1.12 for the trailing ten years ended in Dec. 2023.
The historical data trend for SPAR Group'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.
SPAR Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | 1.23 | 1.19 | 1.15 | 0.86 | 0.90 |
For the Specialty Business Services subindustry, SPAR Group'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.
For the Business Services industry and Industrials sector, SPAR Group's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where SPAR Group's Cyclically Adjusted PB Ratio falls into.
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.
SPAR Group's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 1.84 | / | 1.12 | |
= | 1.64 |
* 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.
SPAR Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, SPAR Group's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:
Adj_Book | = | Book Value per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 1.214 | / | 129.4194 | * | 129.4194 | |
= | 1.214 |
Current CPI (Dec. 2023) = 129.4194.
SPAR Group Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201403 | 0.760 | 99.695 | 0.987 |
201406 | 0.798 | 100.560 | 1.027 |
201409 | 0.800 | 100.428 | 1.031 |
201412 | 0.912 | 99.070 | 1.191 |
201503 | 0.881 | 99.621 | 1.145 |
201506 | 0.883 | 100.684 | 1.135 |
201509 | 0.848 | 100.392 | 1.093 |
201512 | 0.910 | 99.792 | 1.180 |
201603 | 0.883 | 100.470 | 1.137 |
201606 | 0.891 | 101.688 | 1.134 |
201609 | 0.900 | 101.861 | 1.143 |
201612 | 0.953 | 101.863 | 1.211 |
201703 | 0.947 | 102.862 | 1.191 |
201706 | 0.985 | 103.349 | 1.233 |
201709 | 0.997 | 104.136 | 1.239 |
201712 | 0.955 | 104.011 | 1.188 |
201803 | 0.960 | 105.290 | 1.180 |
201806 | 0.856 | 106.317 | 1.042 |
201809 | 0.817 | 106.507 | 0.993 |
201812 | 0.784 | 105.998 | 0.957 |
201903 | 0.820 | 107.251 | 0.989 |
201906 | 0.892 | 108.070 | 1.068 |
201909 | 0.905 | 108.329 | 1.081 |
201912 | 0.898 | 108.420 | 1.072 |
202003 | 0.844 | 108.902 | 1.003 |
202006 | 0.841 | 108.767 | 1.001 |
202009 | 0.898 | 109.815 | 1.058 |
202012 | 1.049 | 109.897 | 1.235 |
202103 | 1.078 | 111.754 | 1.248 |
202106 | 1.120 | 114.631 | 1.264 |
202109 | 1.146 | 115.734 | 1.282 |
202112 | 0.926 | 117.630 | 1.019 |
202203 | 1.164 | 121.301 | 1.242 |
202206 | 1.127 | 125.017 | 1.167 |
202209 | 1.065 | 125.227 | 1.101 |
202212 | 0.990 | 125.222 | 1.023 |
202303 | 1.012 | 127.348 | 1.028 |
202306 | 1.054 | 128.729 | 1.060 |
202309 | 1.053 | 129.860 | 1.049 |
202312 | 1.214 | 129.419 | 1.214 |
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.
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.
Thank you for viewing the detailed overview of SPAR Group's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Pato Antonio Calisto | officer: Chief Financial Officer | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
Robert G/ Brown | director, 10 percent owner, officer: Chairman, Chief Executive Offi | |
Spar Business Services Inc | other: Affiliated with Robert G Brown | 7711 N MILITARY TRAIL, SUITE 1000, WEST PALM BEACH FL 33410 |
Williams H Bartels | director, 10 percent owner, officer: Vice Chairman | |
Sean Whelan | director | C/O ZOMEDICA CORP., 100 PHOENIX DRIVE, SUITE 125, ANN ARBOR MI 48108 |
Michael Wager | director | 100 BURTT ROAD, SUITE 115, BOSTON MA 01810 |
Kori Belzer | officer: Chief Operations Officer | SPAR GROUP INC, 580 WHITE PLAINS RD., TARRYTOWN NY 10591 |
Fay Devriese | officer: Chief Financial Officer | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
Ronald Wayne Lutz | officer: Chief Global CommercialOfficer | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
William Linnane | officer: Chief Strategy & GrowthOfficer | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
Arthur H Baer | director | 61 BUSHNELL ROAD, HILLSDALE NY 12529 |
Mike R. Matacunas | director, officer: Chief Executive Officer | 500 VOLVO PARKWAY, CHESAPEAKE VA 23320 |
James Richard Brown | director | C/O SPAR GROUP, INC., 1910 OPDYKE COURT, AUBURN HILLS MI 48326 |
Igor Novgorodtsev | director | C/O SPAR GROUP, INC. 333 WESTCHESTER AVE, SOUTH BUILDING, SUITE 204, WHITE PLAINS NY 10604 |
James R Segreto | officer: Controller | C/O SPAR GROUP INC, 580 WHITE PLAINS RD, TARRYTOWN NY 10591 |
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