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Chegg (XTER:0CG) Cyclically Adjusted PB Ratio : (As of Apr. 30, 2024)


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What is Chegg Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chegg Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chegg'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.

Chegg Cyclically Adjusted PB Ratio Chart

Chegg Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 8.35 5.54 2.08

Chegg Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 5.54 3.44 1.76 1.66 2.08

Competitive Comparison of Chegg's Cyclically Adjusted PB Ratio

For the Education & Training Services subindustry, Chegg'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.


Chegg's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Chegg's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Chegg 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.

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

For example, Chegg'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)
=7.521/129.4194*129.4194
=7.521

Current CPI (Dec. 2023) = 129.4194.

Chegg Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.203 99.695 2.860
201406 2.247 100.560 2.892
201409 2.175 100.428 2.803
201412 2.385 99.070 3.116
201503 2.534 99.621 3.292
201506 2.395 100.684 3.079
201509 2.234 100.392 2.880
201512 2.408 99.792 3.123
201603 2.200 100.470 2.834
201606 2.171 101.688 2.763
201609 2.104 101.861 2.673
201612 2.294 101.863 2.915
201703 2.124 102.862 2.672
201706 2.065 103.349 2.586
201709 2.862 104.136 3.557
201712 3.013 104.011 3.749
201803 2.661 105.290 3.271
201806 2.930 106.317 3.567
201809 2.906 106.507 3.531
201812 3.125 105.998 3.816
201903 3.206 107.251 3.869
201906 3.408 108.070 4.081
201909 3.525 108.329 4.211
201912 3.692 108.420 4.407
202003 3.391 108.902 4.030
202006 3.565 108.767 4.242
202009 4.259 109.815 5.019
202012 3.874 109.897 4.562
202103 7.391 111.754 8.559
202106 7.678 114.631 8.668
202109 7.946 115.734 8.886
202112 7.153 117.630 7.870
202203 5.795 121.301 6.183
202206 6.131 125.017 6.347
202209 8.427 125.227 8.709
202212 8.334 125.222 8.613
202303 7.860 127.348 7.988
202306 8.294 128.729 8.339
202309 8.407 129.860 8.379
202312 7.521 129.419 7.521

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.


Chegg  (XTER:0CG) 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.


Chegg Cyclically Adjusted PB Ratio Related Terms

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Chegg (XTER:0CG) Business Description

Industry
Traded in Other Exchanges
Address
3990 Freedom Circle, Santa Clara, CA, USA, 95054
Chegg Inc is an American educational services company. The Chegg platform provides products and services to support learners with their academic course materials, as well as their career and personal skills development. The company's service and product offerings fall into two categories: Subscription Services, which encompasses Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through the company's websites and on mobile devices, and Skills and Other, which encompasses skills, advertising services, print textbooks and eTextbooks offerings.

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