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GSE Systems (GSE Systems) Cyclically Adjusted PB Ratio : 0.21 (As of Apr. 28, 2024)


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What is GSE Systems Cyclically Adjusted PB Ratio?

As of today (2024-04-28), GSE Systems's current share price is $2.57. GSE Systems's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $12.26. GSE Systems's Cyclically Adjusted PB Ratio for today is 0.21.

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

GVP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 1.07   Max: 2.28
Current: 0.21

During the past years, GSE Systems's highest Cyclically Adjusted PB Ratio was 2.28. The lowest was 0.10. And the median was 1.07.

GVP's Cyclically Adjusted PB Ratio is ranked better than
94.1% of 1288 companies
in the Software industry
Industry Median: 2.495 vs GVP: 0.21

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.

GSE Systems's adjusted book value per share data for the three months ended in Dec. 2023 was $1.761. 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 $12.26 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


GSE Systems Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GSE Systems'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.

GSE Systems Cyclically Adjusted PB Ratio Chart

GSE Systems 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 0.96 0.84 1.13 0.52 0.16

GSE Systems 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 0.52 0.51 0.27 0.16 0.16

Competitive Comparison of GSE Systems's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, GSE Systems'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.


GSE Systems's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



GSE Systems 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.

GSE Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.57/12.26
=0.21

* 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.

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

For example, GSE Systems'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)
=1.761/129.4194*129.4194
=1.761

Current CPI (Dec. 2023) = 129.4194.

GSE Systems Quarterly Data

Book Value per Share CPI Adj_Book
201403 15.958 99.695 20.716
201406 14.879 100.560 19.149
201409 13.771 100.428 17.746
201412 12.711 99.070 16.605
201503 12.910 99.621 16.772
201506 12.226 100.684 15.715
201509 10.267 100.392 13.236
201512 10.255 99.792 13.300
201603 10.492 100.470 13.515
201606 10.666 101.688 13.575
201609 10.765 101.861 13.677
201612 11.214 101.863 14.248
201703 10.925 102.862 13.746
201706 11.565 103.349 14.482
201709 11.618 104.136 14.439
201712 15.275 104.011 19.006
201803 14.968 105.290 18.398
201806 15.421 106.317 18.772
201809 15.184 106.507 18.451
201812 15.653 105.998 19.112
201903 13.637 107.251 16.456
201906 13.742 108.070 16.457
201909 13.137 108.329 15.695
201912 9.940 108.420 11.865
202003 6.757 108.902 8.030
202006 5.844 108.767 6.954
202009 5.545 109.815 6.535
202012 5.101 109.897 6.007
202103 4.563 111.754 5.284
202106 6.233 114.631 7.037
202109 11.806 115.734 13.202
202112 11.007 117.630 12.110
202203 9.549 121.301 10.188
202206 8.990 125.017 9.307
202209 5.055 125.227 5.224
202212 4.558 125.222 4.711
202303 3.469 127.348 3.525
202306 3.040 128.729 3.056
202309 2.351 129.860 2.343
202312 1.761 129.419 1.761

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.


GSE Systems  (NAS:GVP) 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.


GSE Systems Cyclically Adjusted PB Ratio Related Terms

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


GSE Systems (GSE Systems) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6940 Columbia Gateway Dr., Suite 470, Columbia, MD, USA, 21046
GSE Systems Inc is a company engaged in providing engineering, staffing, and simulation software to clients in the power and process industries. It is also into providing interactive computer-based tutorials and simulation software for the refining, chemical, and petrochemical industries. It functions through two segments: Engineering segment and Workforce Solutions segment. Its geographical segments include the United States, Europe, and Asia, out of which the majority of the revenue is generated from the United States.
Executives
Dougherty Iii Thomas James director GSE SYSTEMS, INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046
Kathryn O'connor director GSE SYSTEMS, INC, 1332 LONDONTOWN BLVD SUITE 200, SYKESVILLE MD 21784
Corey William S. Jr. director C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056
Bahram Meyssami officer: Chief Technology Officer C/O GSE SYSTEMS, INC., 1332 LON, SYKESVILLE MD 21784
Emmett Anthony Pepe officer: Chief Financial Officer 1515 JUDD COURT, HERNDON VA 20170
Donald Horn officer: President, GSE Engineering GSE SYSTEMS INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046-3308
Daniel Warren Pugh officer: Chief Legal and Risk Officer C/O GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD., SYKESVILLE MD 21784
Ravi Khanna officer: SVP Professional Services GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Kyle Justin Loudermilk director, officer: President & CEO 3525 WOODBINE STREET, CHEVY CHASE MD 20815
Brian Greene officer: VP, GSE Workforce Solutions GSE SYSTEMS INC, 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Ngp Energy Technology Partners Ii, L.p. 10 percent owner 1700 K STREET N.W., SUITE 750, WASHINGTON DC 20006
Energy Technology Partners, L.l.c. 10 percent owner 1700 K STREET NW, SUITE 750, WASHINGTON DC 20006
Philip J Deutch 10 percent owner PERSEUS 2000 LLC, 2099 PENNSYLVANIA AVUE NW STE 900, WASHINGTON DC 20006
Suresh Sundaram director C/O EXA CORPORATION, 55 NETWORK DRIVE, BURLINGTON MA 01803
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6