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NICE (STU:NSY) Cyclically Adjusted PB Ratio : 3.29 (As of Apr. 29, 2025)


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What is NICE Cyclically Adjusted PB Ratio?

As of today (2025-04-29), NICE's current share price is €136.00. NICE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €41.37. NICE's Cyclically Adjusted PB Ratio for today is 3.29.

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

STU:NSY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.2   Med: 5.11   Max: 9.22
Current: 3.62

During the past years, NICE's highest Cyclically Adjusted PB Ratio was 9.22. The lowest was 3.20. And the median was 5.11.

STU:NSY's Cyclically Adjusted PB Ratio is ranked worse than
60.27% of 1392 companies
in the Software industry
Industry Median: 2.57 vs STU:NSY: 3.62

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.

NICE's adjusted book value per share data for the three months ended in Dec. 2024 was €54.201. 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 €41.37 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NICE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for NICE'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.

NICE Cyclically Adjusted PB Ratio Chart

NICE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.08 8.37 5.28 5.10 3.96

NICE Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.10 6.46 4.28 4.22 3.96

Competitive Comparison of NICE's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, NICE'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.


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

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

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


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NICE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=136.00/41.37
=3.29

* 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.

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

For example, NICE's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=54.201/133.1571*133.1571
=54.201

Current CPI (Dec. 2024) = 133.1571.

NICE Quarterly Data

Book Value per Share CPI Adj_Book
201503 19.121 99.621 25.558
201506 19.052 100.684 25.197
201509 20.635 100.392 27.370
201512 21.824 99.792 29.121
201603 21.694 100.470 28.752
201606 21.542 101.688 28.209
201609 22.004 101.861 28.765
201612 23.885 101.863 31.223
201703 24.468 102.862 31.674
201706 23.901 103.349 30.795
201709 22.892 104.136 29.272
201712 24.265 104.011 31.065
201803 24.553 105.290 31.052
201806 26.275 106.317 32.908
201809 27.110 106.507 33.894
201812 28.697 105.998 36.050
201903 29.571 107.251 36.714
201906 30.282 108.070 37.312
201909 31.950 108.329 39.273
201912 32.558 108.420 39.986
202003 33.056 108.902 40.419
202006 33.672 108.767 41.223
202009 33.544 109.815 40.674
202012 33.426 109.897 40.501
202103 34.517 111.754 41.128
202106 35.137 114.631 40.816
202109 36.795 115.734 42.334
202112 39.387 117.630 44.586
202203 40.388 121.301 44.336
202206 42.554 125.017 45.325
202209 46.267 125.227 49.197
202212 45.128 125.222 47.988
202303 45.782 127.348 47.870
202306 46.426 128.729 48.023
202309 47.625 129.860 48.834
202312 48.732 129.419 50.139
202403 50.291 131.776 50.818
202406 50.582 132.554 50.812
202409 51.130 133.029 51.179
202412 54.201 133.157 54.201

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.


NICE  (STU:NSY) 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.


NICE Cyclically Adjusted PB Ratio Related Terms

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


NICE Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NICE Ltd (STU:NSY) » Definitions » Cyclically Adjusted PB Ratio
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Address
13 Zarchin Street, P.O. Box 690, NICE 1, 2, 3, Ra'anana, ISR, 4310602
Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.

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