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Thomson Reuters (STU:TOC) Cyclically Adjusted PB Ratio : 7.53 (As of Jun. 17, 2025)


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What is Thomson Reuters Cyclically Adjusted PB Ratio?

As of today (2025-06-17), Thomson Reuters's current share price is €169.00. Thomson Reuters's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €22.43. Thomson Reuters's Cyclically Adjusted PB Ratio for today is 7.53.

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

STU:TOC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.87   Med: 3.9   Max: 7.8
Current: 7.62

During the past years, Thomson Reuters's highest Cyclically Adjusted PB Ratio was 7.80. The lowest was 1.87. And the median was 3.90.

STU:TOC's Cyclically Adjusted PB Ratio is ranked worse than
91.22% of 706 companies
in the Business Services industry
Industry Median: 1.565 vs STU:TOC: 7.62

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.

Thomson Reuters's adjusted book value per share data for the three months ended in Mar. 2025 was €25.251. 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 €22.43 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thomson Reuters Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Thomson Reuters'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.

Thomson Reuters Cyclically Adjusted PB Ratio Chart

Thomson Reuters 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 4.01 5.39 5.05 5.84 6.73

Thomson Reuters Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.29 6.78 6.77 6.73 7.10

Competitive Comparison of Thomson Reuters's Cyclically Adjusted PB Ratio

For the Specialty Business Services subindustry, Thomson Reuters'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.


Thomson Reuters's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Thomson Reuters 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.

Thomson Reuters's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=169.00/22.43
=7.53

* 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.

Thomson Reuters's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Thomson Reuters's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=25.251/129.1809*129.1809
=25.251

Current CPI (Mar. 2025) = 129.1809.

Thomson Reuters Quarterly Data

Book Value per Share CPI Adj_Book
201506 17.738 100.500 22.800
201509 16.950 100.421 21.804
201512 17.153 99.947 22.170
201603 16.737 101.054 21.396
201606 16.136 102.002 20.436
201609 15.724 101.765 19.960
201612 18.856 101.449 24.011
201703 18.809 102.634 23.674
201706 17.984 103.029 22.549
201709 17.170 103.345 21.463
201712 17.651 103.345 22.064
201803 16.763 105.004 20.623
201806 0.000 105.557 0.000
201809 20.912 105.636 25.573
201812 16.547 105.399 20.281
201903 16.457 106.979 19.872
201906 16.667 107.690 19.993
201909 16.182 107.611 19.426
201912 17.736 107.769 21.260
202003 17.494 107.927 20.939
202006 17.274 108.401 20.585
202009 16.943 108.164 20.235
202012 16.931 108.559 20.147
202103 26.054 110.298 30.515
202106 27.396 111.720 31.678
202109 25.690 112.905 29.393
202112 25.921 113.774 29.431
202203 28.288 117.646 31.062
202206 26.977 120.806 28.847
202209 26.685 120.648 28.572
202212 24.222 120.964 25.867
202303 25.673 122.702 27.029
202306 22.772 124.203 23.685
202309 23.023 125.230 23.749
202312 22.176 125.072 22.904
202403 22.514 126.258 23.035
202406 23.998 127.522 24.310
202409 23.778 127.285 24.132
202412 25.245 127.364 25.605
202503 25.251 129.181 25.251

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.


Thomson Reuters  (STU:TOC) 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.


Thomson Reuters Cyclically Adjusted PB Ratio Related Terms

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


Thomson Reuters Business Description

Address
19 Duncan Street, Suite 300, Toronto, ON, CAN, M5H 3H1
Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.

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