GURUFOCUS.COM » STOCK LIST » Technology » Software » The Trade Desk Inc (BSP:T2TD34) » Definitions » Cyclically Adjusted PB Ratio

The Trade Desk (BSP:T2TD34) Cyclically Adjusted PB Ratio : 48.78 (As of May. 15, 2024)


View and export this data going back to 2021. Start your Free Trial

What is The Trade Desk Cyclically Adjusted PB Ratio?

As of today (2024-05-15), The Trade Desk's current share price is R$4.39. The Trade Desk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was R$0.09. The Trade Desk's Cyclically Adjusted PB Ratio for today is 48.78.

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

BSP:T2TD34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 35.37   Med: 40.59   Max: 47.05
Current: 46.37

During the past 10 years, The Trade Desk's highest Cyclically Adjusted PB Ratio was 47.05. The lowest was 35.37. And the median was 40.59.

BSP:T2TD34's Cyclically Adjusted PB Ratio is ranked worse than
98.28% of 1335 companies
in the Software industry
Industry Median: 2.6 vs BSP:T2TD34: 46.37

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.

The Trade Desk's adjusted book value per share data of for the fiscal year that ended in Dec23 was R$0.217. 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 R$0.09 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Trade Desk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The Trade Desk'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.

The Trade Desk Cyclically Adjusted PB Ratio Chart

The Trade Desk 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 - - - - 38.12

The Trade Desk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - 38.12 -

Competitive Comparison of The Trade Desk's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, The Trade Desk'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.


The Trade Desk's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



The Trade Desk 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.

The Trade Desk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.39/0.09
=48.78

* 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.

The Trade Desk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, The Trade Desk's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.217/129.4194*129.4194
=0.217

Current CPI (Dec23) = 129.4194.

The Trade Desk Annual Data

Book Value per Share CPI Adj_Book
201412 0.000 99.070 0.000
201512 0.001 99.792 0.001
201612 0.014 101.863 0.018
201712 0.019 104.011 0.024
201812 0.035 105.998 0.043
201912 0.055 108.420 0.066
202012 0.110 109.897 0.130
202112 0.179 117.630 0.197
202212 0.226 125.222 0.234
202312 0.217 129.419 0.217

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.


The Trade Desk  (BSP:T2TD34) 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.


The Trade Desk Cyclically Adjusted PB Ratio Related Terms

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


The Trade Desk (BSP:T2TD34) Business Description

Industry
Traded in Other Exchanges
Address
42 N. Chestnut Street, Ventura, CA, USA, 93001
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, native, and social) on different devices like computers, smartphones, digital out of home, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising. The Trade Desk became a public company in 2016 and has since increased revenue at a 43% average annual rate. During that period, it has been profitable with operating margins of 10%-28%.

The Trade Desk (BSP:T2TD34) Headlines

No Headlines