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Clarke (TSX:CKI) Cyclically Adjusted PB Ratio : 1.46 (As of May. 22, 2025)


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What is Clarke Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Clarke's current share price is C$22.36. Clarke's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$15.36. Clarke's Cyclically Adjusted PB Ratio for today is 1.46.

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

TSX:CKI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.74   Max: 1.71
Current: 1.46

During the past years, Clarke's highest Cyclically Adjusted PB Ratio was 1.71. The lowest was 0.42. And the median was 0.74.

TSX:CKI's Cyclically Adjusted PB Ratio is ranked worse than
54.82% of 591 companies
in the Travel & Leisure industry
Industry Median: 1.24 vs TSX:CKI: 1.46

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.

Clarke's adjusted book value per share data for the three months ended in Mar. 2025 was C$20.058. 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 C$15.36 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Clarke Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Clarke'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.

Clarke Cyclically Adjusted PB Ratio Chart

Clarke 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 0.63 0.87 0.93 0.98 1.57

Clarke 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 1.30 1.29 1.60 1.57 1.48

Competitive Comparison of Clarke's Cyclically Adjusted PB Ratio

For the Lodging subindustry, Clarke'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.


Clarke's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Clarke's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Clarke 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.36/15.36
=1.46

* 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.

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

For example, Clarke'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)
=20.058/129.1809*129.1809
=20.058

Current CPI (Mar. 2025) = 129.1809.

Clarke Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.132 100.500 16.880
201509 11.709 100.421 15.062
201512 12.210 99.947 15.781
201603 11.720 101.054 14.982
201606 9.833 102.002 12.453
201609 10.859 101.765 13.785
201612 11.607 101.449 14.780
201703 11.935 102.634 15.022
201706 11.984 103.029 15.026
201709 9.942 103.345 12.428
201712 10.711 103.345 13.389
201803 10.928 105.004 13.444
201806 10.995 105.557 13.456
201809 13.183 105.636 16.121
201812 12.208 105.399 14.963
201903 15.227 106.979 18.387
201906 14.793 107.690 17.745
201909 14.256 107.611 17.113
201912 15.062 107.769 18.055
202003 8.071 107.927 9.660
202006 8.409 108.401 10.021
202009 9.108 108.164 10.878
202012 11.197 108.559 13.324
202103 12.206 110.298 14.296
202106 13.504 111.720 15.615
202109 13.958 112.905 15.970
202112 14.475 113.774 16.435
202203 14.908 117.646 16.370
202206 13.488 120.806 14.423
202209 13.827 120.648 14.805
202212 15.280 120.964 16.318
202303 15.354 122.702 16.165
202306 15.309 124.203 15.923
202309 15.375 125.230 15.860
202312 16.526 125.072 17.069
202403 16.565 126.258 16.949
202406 16.630 127.522 16.846
202409 18.323 127.285 18.596
202412 19.851 127.364 20.134
202503 20.058 129.181 20.058

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.


Clarke  (TSX:CKI) 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.


Clarke Cyclically Adjusted PB Ratio Related Terms

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


Clarke Business Description

Traded in Other Exchanges
Address
168 Hobsons Lake Drive, Suite 300, Halifax, NS, CAN, B3S 0H9
Clarke Inc is an investment holding company and real estate company that invests in a diversified group of businesses and across real estate sectors, operating predominantly in Canada. The company operates in two segments namely, Investment and Hospitality. The Investment segment includes investments in a diversified group of businesses. The Hospitality segment includes the ownership and operation of hotels and the provision of hotel management services to third parties by Holloway. The maximum revenue for the company is generated from the Hospitality Segment.
Executives
Sime Armoyan 10% Security Holder
Brian Alan Luborsky Director
Charles Pellerin Director
Michael Rapps Director, Director or Senior Officer of 10% Security Holder
Lotan Holdings Inc. 10% Security Holder
Clarke Inc. Issuer

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