GURUFOCUS.COM » STOCK LIST » Technology » Software » Sylogist Ltd (TSX:SYZ) » Definitions » Cyclically Adjusted PB Ratio

Sylogist (TSX:SYZ) Cyclically Adjusted PB Ratio : 3.96 (As of May. 02, 2024)


View and export this data going back to 1998. Start your Free Trial

What is Sylogist Cyclically Adjusted PB Ratio?

As of today (2024-05-02), Sylogist's current share price is C$8.96. Sylogist's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$2.26. Sylogist's Cyclically Adjusted PB Ratio for today is 3.96.

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

TSX:SYZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.16   Med: 7.27   Max: 14.74
Current: 3.97

During the past years, Sylogist's highest Cyclically Adjusted PB Ratio was 14.74. The lowest was 2.16. And the median was 7.27.

TSX:SYZ's Cyclically Adjusted PB Ratio is ranked worse than
65.7% of 1315 companies
in the Software industry
Industry Median: 2.56 vs TSX:SYZ: 3.97

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.

Sylogist's adjusted book value per share data for the three months ended in Dec. 2023 was C$1.601. 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$2.26 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sylogist Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sylogist'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.

Sylogist Cyclically Adjusted PB Ratio Chart

Sylogist Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.46 6.71 6.14 5.33 3.31

Sylogist Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 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 3.35 2.51 3.40 3.34 3.31

Competitive Comparison of Sylogist's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Sylogist'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.


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

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

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



Sylogist 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.96/2.26
=3.96

* 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.

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

For example, Sylogist'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)
=1.601/125.4675*125.4675
=1.601

Current CPI (Dec. 2023) = 125.4675.

Sylogist Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.860 97.419 1.108
201312 1.000 96.945 1.294
201403 0.972 98.604 1.237
201406 1.549 99.473 1.954
201409 2.366 99.394 2.987
201412 2.361 98.367 3.011
201503 2.405 99.789 3.024
201506 2.432 100.500 3.036
201509 2.365 100.421 2.955
201512 2.108 99.947 2.646
201603 2.016 101.054 2.503
201606 1.960 102.002 2.411
201609 1.930 101.765 2.380
201612 1.838 101.449 2.273
201703 1.845 102.634 2.255
201706 1.832 103.029 2.231
201709 1.810 103.345 2.197
201712 1.812 103.345 2.200
201803 1.812 105.004 2.165
201806 1.873 105.557 2.226
201809 1.958 105.636 2.326
201812 1.933 105.399 2.301
201903 1.933 106.979 2.267
201906 2.455 107.690 2.860
201909 2.468 107.611 2.878
201912 2.133 107.769 2.483
202003 2.262 107.927 2.630
202006 2.271 108.401 2.629
202009 2.183 108.164 2.532
202012 2.128 108.559 2.459
202103 2.029 110.298 2.308
202106 1.936 111.720 2.174
202109 1.954 112.905 2.171
202112 1.845 113.774 2.035
202203 1.713 117.646 1.827
202206 1.682 120.806 1.747
202303 1.655 122.702 1.692
202306 1.590 124.203 1.606
202309 1.644 125.230 1.647
202312 1.601 125.468 1.601

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.


Sylogist  (TSX:SYZ) 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.


Sylogist Cyclically Adjusted PB Ratio Related Terms

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


Sylogist (TSX:SYZ) Business Description

Industry
Traded in Other Exchanges
Address
5 Richard Way S.W., Suite 102, Calgary, AB, CAN, T3E 7M8
Sylogist Ltd is a software company that provides Enterprise Resource Planning solutions, including fund accounting, grant management, and payroll to public service organizations. The only segment is Public Sector. Its solutions include Serenic Navigator for K-12 Education, Serenic Navigator for Nonprofit Organizations, NaviPayroll, NaviTrak, NaviView, NaviNet, NaviBridge, and others. It receives maximum revenue in the form of cloud subscriptions. Geographically, the company offers its services to the United States of America, Canada, and the United Kingdom region. The majority of the revenue comes from the United States of America.
Executives
Errol Olsen Director

Sylogist (TSX:SYZ) Headlines

No Headlines