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Global Payments (WBO:GPN) Cyclically Adjusted PB Ratio : 1.99 (As of Dec. 13, 2024)


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What is Global Payments Cyclically Adjusted PB Ratio?

As of today (2024-12-13), Global Payments's current share price is €110.60. Global Payments's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €55.70. Global Payments's Cyclically Adjusted PB Ratio for today is 1.99.

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

WBO:GPN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.58   Med: 8.15   Max: 13.85
Current: 1.86

During the past years, Global Payments's highest Cyclically Adjusted PB Ratio was 13.85. The lowest was 1.58. And the median was 8.15.

WBO:GPN's Cyclically Adjusted PB Ratio is ranked worse than
54.38% of 662 companies
in the Business Services industry
Industry Median: 1.595 vs WBO:GPN: 1.86

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.

Global Payments's adjusted book value per share data for the three months ended in Sep. 2024 was €80.790. 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 €55.70 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Global Payments Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Global Payments'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.

Global Payments Cyclically Adjusted PB Ratio Chart

Global Payments Annual Data
Trend May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.71 8.27 3.78 2.17 2.31

Global Payments Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.17 2.31 2.31 1.61 1.64

Competitive Comparison of Global Payments's Cyclically Adjusted PB Ratio

For the Specialty Business Services subindustry, Global Payments'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.


Global Payments's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

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

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



Global Payments 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.

Global Payments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=110.60/55.7
=1.99

* 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.

Global Payments's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=80.79/133.0289*133.0289
=80.790

Current CPI (Sep. 2024) = 133.0289.

Global Payments Quarterly Data

Book Value per Share CPI Adj_Book
201411 5.352 99.635 7.146
201502 5.469 99.032 7.346
201505 5.196 100.333 6.889
201508 5.439 100.548 7.196
201511 5.801 100.135 7.707
201602 5.863 100.040 7.796
201605 15.722 101.355 20.635
201608 15.942 101.617 20.870
201611 16.167 101.829 21.120
201703 16.743 102.862 21.653
201706 16.632 103.349 21.408
201709 18.662 104.136 23.840
201712 20.143 104.011 25.763
201803 20.088 105.290 25.380
201806 20.743 106.317 25.955
201809 21.531 106.507 26.893
201812 22.211 105.998 27.875
201903 22.252 107.251 27.600
201906 22.541 108.070 27.747
201909 83.912 108.329 103.044
201912 83.504 108.420 102.457
202003 82.691 108.902 101.011
202006 81.386 108.767 99.540
202009 78.707 109.815 95.345
202012 75.309 109.897 91.161
202103 75.963 111.754 90.424
202106 75.436 114.631 87.543
202109 76.615 115.734 88.064
202112 79.652 117.630 90.080
202203 81.173 121.301 89.021
202206 81.120 125.017 86.319
202209 84.671 125.227 89.947
202212 80.030 125.222 85.020
202303 78.793 127.348 82.308
202306 78.720 128.729 81.350
202309 80.764 129.860 82.735
202312 80.997 129.419 83.256
202403 80.110 131.776 80.872
202406 81.768 132.554 82.061
202409 80.790 133.029 80.790

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.


Global Payments  (WBO:GPN) 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.


Global Payments Cyclically Adjusted PB Ratio Related Terms

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


Global Payments Business Description

Address
3550 Lenox Road, Atlanta, GA, USA, 30326
Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.