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Insperity (Insperity) Cyclically Adjusted Book per Share : $2.80 (As of Dec. 2023)


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What is Insperity Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Insperity's adjusted book value per share for the three months ended in Dec. 2023 was $2.511. 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 $2.80 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Insperity's average Cyclically Adjusted Book Growth Rate was -7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -7.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -4.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Insperity was 13.50% per year. The lowest was -7.80% per year. And the median was 4.20% per year.

As of today (2024-04-27), Insperity's current stock price is $104.17. Insperity's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $2.80. Insperity's Cyclically Adjusted PB Ratio of today is 37.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Insperity was 42.96. The lowest was 2.97. And the median was 18.25.


Insperity Cyclically Adjusted Book per Share Historical Data

The historical data trend for Insperity's Cyclically Adjusted Book per Share 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.

Insperity Cyclically Adjusted Book per Share Chart

Insperity Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.87 3.48 3.31 3.03 2.80

Insperity Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 3.03 3.02 2.99 2.91 2.80

Competitive Comparison of Insperity's Cyclically Adjusted Book per Share

For the Staffing & Employment Services subindustry, Insperity'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.


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

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

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



Insperity Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Insperity'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)
=2.511/129.4194*129.4194
=2.511

Current CPI (Dec. 2023) = 129.4194.

Insperity Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.834 99.695 6.275
201406 4.835 100.560 6.223
201409 4.847 100.428 6.246
201412 4.028 99.070 5.262
201503 4.206 99.621 5.464
201506 3.777 100.684 4.855
201509 3.473 100.392 4.477
201512 3.554 99.792 4.609
201603 1.302 100.470 1.677
201606 1.526 101.688 1.942
201609 1.637 101.861 2.080
201612 1.439 101.863 1.828
201703 2.054 102.862 2.584
201706 1.991 103.349 2.493
201709 2.424 104.136 3.013
201712 1.599 104.011 1.990
201803 2.479 105.290 3.047
201806 2.841 106.317 3.458
201809 3.662 106.507 4.450
201812 1.898 105.998 2.317
201903 2.912 107.251 3.514
201906 3.295 108.070 3.946
201909 1.025 108.329 1.225
201912 0.104 108.420 0.124
202003 -0.084 108.902 -0.100
202006 1.150 108.767 1.368
202009 1.032 109.815 1.216
202012 1.154 109.897 1.359
202103 1.904 111.754 2.205
202106 2.281 114.631 2.575
202109 2.536 115.734 2.836
202112 -0.046 117.630 -0.051
202203 0.886 121.301 0.945
202206 0.917 125.017 0.949
202209 1.578 125.227 1.631
202212 2.146 125.222 2.218
202303 3.493 127.348 3.550
202306 3.446 128.729 3.464
202309 2.194 129.860 2.187
202312 2.511 129.419 2.511

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Insperity  (NYSE:NSP) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Insperity's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=104.17/2.8
=37.20

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Insperity was 42.96. The lowest was 2.97. And the median was 18.25.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Insperity Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Insperity's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Insperity (Insperity) Business Description

Industry
Traded in Other Exchanges
Address
19001 Crescent Springs Drive, Kingwood, TX, USA, 77339
Insperity Inc is a company that primarily provides a wide range of human resources and business solutions that help businesses improve their performance. Small and midsize enterprises are the company's primary target customers. Most of the company's products are offered through the company's Workforce Optimization and Workforce Synchronization solutions, which comprise various human resource functions, such as payroll and employment administration, employee benefits and compensation, government compliance, performance management, training and development services, and human capital management. The company generates all of its revenue in the United States.
Executives
Ellen H Masterson director P O BOX 3247, HOUSTON TX 77253-3247
Richard G Rawson director, officer: President C/O INSPERITY, 19001 CRESCENT SPRINGS DR, KINGWOOD TX 77339
Arthur A Arizpe officer: EVP of Client Services and COO 19001 CRESCENT SPRINGS DR, C/O INSPERITY, KINGWOOD TX 77339
Paul J Sarvadi director, officer: Chairman of the Board & CEO C/O INSPERITY, 19001 CRESCENT SPRINGS DR, KINGWOOD TX 77339
Daniel D Herink officer: SVP Legal, Gen Counsel & Sec 19001 CRESCENT SPRINGS DRIVE, KINGWOOD TX 77339
James D Allison officer: SVP of Gross Profit Operations C/O INSPERITY, INC., 19001 CRESCENT SPRINGS DRIVE, KINGWOOD TX 77339
John M Morphy director 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Douglas S Sharp officer: SVP Finance, CFO & Treasurer C/O INSPERITY, 19001 CRESCENT SPRINGS DR, KINGWOOD TX 77339
Tim Clifford director C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115
Jay E Mincks officer: EVP of Sales & Marketing C/O INSPERITY, 19001 CRESCENT SPRINGS DR, KINGWOOD TX 77339
Eli Jones director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Randall Mehl director 8620 N DEAN CIR, RIVER HILLS WI 53217
Latha Ramchand director 19001 CRESCENT SPRINGS DRIVE, KINGWOOD TX 77339
John L Lumelleau director 19001 CRESCENT SPRINGS DRIVE, KINGWOOD TX 77339
Austin P Young director 6200 ARNOT, HOUSTON TX 77007

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