GURUFOCUS.COM » STOCK LIST » Technology » Software » Sparta Commercial Services Inc (OTCPK:SRCO) » Definitions » Cyclically Adjusted PB Ratio

SRCO (Sparta Commercial Services) Cyclically Adjusted PB Ratio : (As of May. 29, 2025)


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

What is Sparta Commercial Services Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sparta Commercial Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sparta Commercial Services'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.

Sparta Commercial Services Cyclically Adjusted PB Ratio Chart

Sparta Commercial Services Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Sparta Commercial Services Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 - - - - -

Competitive Comparison of Sparta Commercial Services's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Sparta Commercial Services'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.


Sparta Commercial Services's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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


;
;

Sparta Commercial Services 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.

Sparta Commercial Services's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 is calculated as:

For example, Sparta Commercial Services's adjusted Book Value per Share data for the three months ended in Jan. 2025 was:

Adj_Book=Book Value per Share/CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=-0.3/134.0288*134.0288
=-0.300

Current CPI (Jan. 2025) = 134.0288.

Sparta Commercial Services Quarterly Data

Book Value per Share CPI Adj_Book
201504 -15.287 99.824 -20.525
201507 -9.799 100.691 -13.043
201510 -5.448 100.346 -7.277
201601 -3.294 99.957 -4.417
201604 -2.109 100.947 -2.800
201607 -2.043 101.524 -2.697
201610 -1.686 101.988 -2.216
201701 -2.021 102.456 -2.644
201704 -1.893 103.167 -2.459
201707 -1.939 103.278 -2.516
201710 -1.987 104.070 -2.559
201801 -1.967 104.578 -2.521
201804 -2.077 105.708 -2.633
201807 -1.947 106.324 -2.454
201810 -2.107 106.695 -2.647
201901 -2.073 106.200 -2.616
201904 -2.072 107.818 -2.576
201907 -2.311 108.250 -2.861
201910 -2.140 108.577 -2.642
202001 -2.079 108.841 -2.560
202004 -2.005 108.173 -2.484
202007 -2.197 109.318 -2.694
202010 -2.002 109.861 -2.442
202101 -1.945 110.364 -2.362
202104 -1.390 112.673 -1.653
202107 -1.108 115.183 -1.289
202110 -1.491 116.696 -1.712
202201 -1.305 118.619 -1.475
202204 -0.922 121.978 -1.013
202207 -1.113 125.002 -1.193
202210 -0.886 125.734 -0.944
202301 -0.687 126.223 -0.729
202304 -0.487 127.992 -0.510
202307 -0.463 128.974 -0.481
202310 -0.467 129.810 -0.482
202401 -0.432 130.124 -0.445
202404 -0.361 132.289 -0.366
202407 -0.338 132.708 -0.341
202410 -0.309 133.182 -0.311
202501 -0.300 134.029 -0.300

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.


Sparta Commercial Services  (OTCPK:SRCO) 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.


Sparta Commercial Services Cyclically Adjusted PB Ratio Related Terms

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


Sparta Commercial Services Business Description

Traded in Other Exchanges
N/A
Address
555 Fifth Avenue, 14th Floor, New York, NY, USA, 10017
Sparta Commercial Services Inc through its subsidiaries offers technology products and services. The company develops, manages, and markets its business mobile applications for smartphones and tablets. Its mobile application offerings range from racetracks, private clubs, country clubs, restaurants, and grocery stores. The company serves small and medium-size businesses under the tradename iMobileApp. It generates maximum revenue from the application source.
Executives
Jeffrey Buchanan Bean director 325 COTTON AVENUE, MACON GA 31201
Anthony L Havens director, officer: CEO 555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Sandra L Ahman director, officer: VP 555 FIFTH AVE, 14TH FLOOR, NEW YORK NY 10017
Kristian Srb director, 10 percent owner 555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Richard P Trotter officer: COO 370 LEXINGTON AVE., SUITE 1901, NEW YORK NY 10017
Anthony William Adler officer: EVP 462 SEVENTH AVENUE, 20TH FLOOR, NEW YORK NY 10018
Leo Long other: 8.85% OWNER 9109 LORIET BLVD., LENEXA KS 66219
Glenn Little other: 5% Owner 211 WEST WALL ST, MIDLAND TX 70701
Michael J Mele officer: Chief Financial Officer 462 SEVENTH AVE, 20TH FL., C/O SPARTA COMMERCIAL SERVICES, INC., NEW YORK NY 10018
Danny Lanjewar officer: Chief Financial Officer