GURUFOCUS.COM » STOCK LIST » Technology » Software » WEX Inc (NYSE:WEX) » Definitions » Cyclically Adjusted PB Ratio

WEX (WEX) Cyclically Adjusted PB Ratio : 2.88 (As of May. 24, 2025)


View and export this data going back to 2005. Start your Free Trial

What is WEX Cyclically Adjusted PB Ratio?

As of today (2025-05-24), WEX's current share price is $133.34. WEX's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $46.23. WEX's Cyclically Adjusted PB Ratio for today is 2.88.

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

WEX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.67   Med: 5.29   Max: 8.61
Current: 2.88

During the past years, WEX's highest Cyclically Adjusted PB Ratio was 8.61. The lowest was 2.67. And the median was 5.29.

WEX's Cyclically Adjusted PB Ratio is ranked worse than
51.28% of 1406 companies
in the Software industry
Industry Median: 2.745 vs WEX: 2.88

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.

WEX's adjusted book value per share data for the three months ended in Mar. 2025 was $23.666. 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 $46.23 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


WEX Cyclically Adjusted PB Ratio Historical Data

The historical data trend for WEX'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.

WEX Cyclically Adjusted PB Ratio Chart

WEX 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 6.16 3.74 3.96 4.43 3.82

WEX 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 5.28 3.89 4.57 3.82 3.40

Competitive Comparison of WEX's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, WEX'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.


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

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

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


;
;

WEX 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=133.34/46.23
=2.88

* 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.

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

For example, WEX'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)
=23.666/134.9266*134.9266
=23.666

Current CPI (Mar. 2025) = 134.9266.

WEX Quarterly Data

Book Value per Share CPI Adj_Book
201506 27.740 100.684 37.174
201509 27.219 100.392 36.582
201512 27.958 99.792 37.801
201603 28.821 100.470 38.705
201606 28.977 101.688 38.449
201609 35.168 101.861 46.584
201612 34.948 101.863 46.292
201703 35.920 102.862 47.117
201706 36.615 103.349 47.802
201709 37.849 104.136 49.040
201712 37.676 104.011 48.875
201803 40.861 105.290 52.363
201806 41.362 106.317 52.492
201809 42.680 106.507 54.069
201812 41.404 105.998 52.704
201903 41.776 107.251 52.556
201906 42.358 108.070 52.885
201909 42.561 108.329 53.011
201912 44.481 108.420 55.356
202003 42.906 108.902 53.160
202006 45.431 108.767 56.357
202009 47.254 109.815 58.060
202012 43.109 109.897 52.927
202103 42.061 111.754 50.782
202106 40.069 114.631 47.163
202109 41.151 115.734 47.975
202112 41.019 117.630 47.051
202203 42.828 121.301 47.639
202206 40.786 125.017 44.019
202209 36.961 125.227 39.824
202212 38.165 125.222 41.123
202303 39.030 127.348 41.353
202306 41.228 128.729 43.213
202309 39.726 129.860 41.276
202312 43.451 129.419 45.300
202403 42.427 131.776 43.441
202406 42.976 132.554 43.745
202409 42.148 133.029 42.749
202412 38.174 133.157 38.681
202503 23.666 134.927 23.666

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.


WEX  (NYSE:WEX) 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.


WEX Cyclically Adjusted PB Ratio Related Terms

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


WEX Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » WEX Inc (NYSE:WEX) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
Address
1 Hancock Street, Portland, ME, USA, 04101
WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the top segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.
Executives
Melanie J Tinto officer: Chief Human Resources Officer C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Robert Joseph Deshaies officer: President, WEX Health C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Jagtar Narula officer: Chief Financial Officer 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Ann Elena Drew officer: Chief Risk and Compliance C/0 WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Jennifer Kimball officer: Interim CFO C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Carlos Carriedo officer: COO, International C/0 WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Hilary A Rapkin officer: SVP, Gen. Counsel & Corp. Sec. C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Melissa D Goodwin officer: SVP, Finance and CFO C/O WRIGHT EXPRESS CORPORATION, 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
Jack Vanwoerkom director
Stephen Montgomery Smith director C/O WEX INC., 97 DARLING AVENUE, SOUTH PORTLAND ME 04106
James R Groch director 50 SOUTH 16TH STREET, SUITE 3000, PHILADELPHIA PA 19102
Regina O Sommer director 201 JONES RD, WALTHAM MA 02451
David G Cooper officer: Chief Technology Officer C/O WEX INC., 9, SOUTH PORTLAND ME 04106
Derrick A. Roman director C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602
Karen B. Stroup officer: Chief Digital Officer 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202