Tribal Rides International (Tribal Rides International) Cyclically Adjusted PB Ratio : (As of Jun. 16, 2024)

Tribal Rides International Cyclically Adjusted PB Ratio Chart

Tribal Rides International Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
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Tribal Rides International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
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Competitive Comparison of Tribal Rides International's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Tribal Rides International'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.

Tribal Rides International's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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

Tribal Rides International 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.

Tribal Rides International does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Tribal Rides International  (OTCPK:XNDA) 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.

Tribal Rides International Cyclically Adjusted PB Ratio Related Terms

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Tribal Rides International (Tribal Rides International) Business Description