GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Space Communication Ltd (OTCPK:SPMMF) » Definitions » Cyclically Adjusted PB Ratio

Space Communication (Space Communication) Cyclically Adjusted PB Ratio : 0.06 (As of May. 22, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Space Communication Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Space Communication's current share price is $0.20. Space Communication's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $3.40. Space Communication's Cyclically Adjusted PB Ratio for today is 0.06.

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

SPMMF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.04   Max: 0.06
Current: 0.04

During the past years, Space Communication's highest Cyclically Adjusted PB Ratio was 0.06. The lowest was 0.03. And the median was 0.04.

SPMMF's Cyclically Adjusted PB Ratio is ranked better than
98.61% of 287 companies
in the Telecommunication Services industry
Industry Median: 1.45 vs SPMMF: 0.04

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.

Space Communication's adjusted book value per share data for the three months ended in Dec. 2023 was $0.297. 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 $3.40 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Space Communication Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Space Communication'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.

Space Communication Cyclically Adjusted PB Ratio Chart

Space Communication 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 - - - - 0.06

Space Communication 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 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 - - - 0.05 0.06

Competitive Comparison of Space Communication's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Space Communication'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.


Space Communication's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Space Communication's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Space Communication 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.

Space Communication's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.20/3.4
=0.06

* 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.

Space Communication's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Space Communication'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)
=0.297/129.4194*129.4194
=0.297

Current CPI (Dec. 2023) = 129.4194.

Space Communication Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 7.538 99.070 9.847
201503 7.398 99.621 9.611
201506 7.224 100.684 9.286
201509 7.378 100.392 9.511
201512 2.037 99.792 2.642
201603 1.971 100.470 2.539
201606 2.034 101.688 2.589
201609 1.576 101.861 2.002
201612 1.643 101.863 2.087
201703 1.584 102.862 1.993
201706 1.634 103.349 2.046
201709 1.626 104.136 2.021
201712 1.592 104.011 1.981
201803 5.216 105.290 6.411
201806 5.380 106.317 6.549
201809 5.300 106.507 6.440
201812 5.920 105.998 7.228
201903 5.813 107.251 7.015
201906 5.670 108.070 6.790
201909 5.593 108.329 6.682
201912 5.203 108.420 6.211
202003 4.645 108.902 5.520
202006 4.284 108.767 5.097
202009 4.040 109.815 4.761
202012 3.753 109.897 4.420
202103 3.585 111.754 4.152
202106 3.397 114.631 3.835
202109 3.245 115.734 3.629
202112 3.048 117.630 3.353
202203 2.930 121.301 3.126
202206 2.162 125.017 2.238
202209 1.908 125.227 1.972
202212 0.912 125.222 0.943
202303 0.903 127.348 0.918
202306 0.828 128.729 0.832
202309 0.749 129.860 0.746
202312 0.297 129.419 0.297

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.


Space Communication  (OTCPK:SPMMF) 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.


Space Communication Cyclically Adjusted PB Ratio Related Terms

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


Space Communication (Space Communication) Business Description

Traded in Other Exchanges
Address
7 Menachem Begin Road, Ramat Gan, Ramat Gan, ISR, 52521
Space Communication Ltd is a satellite operator and satellite service provider. It provides broadcasting and communications services to Direct-to-home (DTH) operators, TV broadcasters and programmers, government and corporate organizations, and VSAT network operators.

Space Communication (Space Communication) Headlines