Resources Connection (NAS:RGP) Cyclically Adjusted PB Ratio

: 1.26 (As of Today)

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As of today (2023-12-10), Resources Connection's current share price is $14.30. Resources Connection's Cyclically Adjusted Book per Share for the quarter that ended in Aug. 2023 was $11.36. Resources Connection's Cyclically Adjusted PB Ratio for today is 1.26.

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

RGP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1 Med: 1.71 Max: 2.18
Current: 1.26

During the past years, Resources Connection's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 1.00. And the median was 1.71.

RGP's Cyclically Adjusted PB Ratio is ranked better than
60.61% of 655 companies
in the Business Services industry
Industry Median: 1.61 vs RGP: 1.26

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.

Resources Connection's adjusted book value per share data for the three months ended in Aug. 2023 was $12.429. 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 $11.36 for the trailing ten years ended in Aug. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Resources Connection Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Resources Connection'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.

Resources Connection Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cyclically Adjusted PB Ratio

1.64

1.17

1.47

1.72

1.36

Resources Connection Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Cyclically Adjusted PB Ratio																1.79	1.76	1.63	1.36	1.36

Competitive Comparison

For the Consulting Services subindustry, Resources Connection'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.

Resources Connection Cyclically Adjusted PB Ratio Distribution

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

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

Resources Connection 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.

Resources Connection's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	14.30	/	11.36
	=	1.26

Resources Connection's Cyclically Adjusted Book per Share for the quarter that ended in Aug. 2023 is calculated as:

For example, Resources Connection's adjusted Book Value per Share data for the three months ended in Aug. 2023 was:

Adj_Book	=	Book Value per Share	/	CPI of Aug. 2023 (Change)	*	Current CPI (Aug. 2023)
	=	12.429	/	129.5375	*	129.5375
	=	12.429

Current CPI (Aug. 2023) = 129.5375.

Resources Connection Quarterly Data

	Book Value per Share	CPI	Adj_Book
201311	9.030	98.334	11.895
201402	8.988	99.057	11.754
201405	9.061	100.373	11.694
201408	9.090	100.352	11.734
201411	9.118	99.635	11.855
201502	9.048	99.032	11.835
201505	9.134	100.333	11.793
201508	9.237	100.548	11.900
201511	9.318	100.135	12.054
201602	9.337	100.040	12.090
201605	9.458	101.355	12.088
201608	9.516	101.617	12.131
201611	8.054	101.829	10.246
201702	7.876	102.779	9.927
201705	8.029	103.256	10.073
201708	8.154	103.587	10.197
201711	8.345	104.072	10.387
201802	8.540	105.052	10.531
201805	8.503	106.148	10.377
201808	8.519	106.383	10.373
201811	8.744	106.338	10.652
201902	8.848	106.649	10.747
201905	8.940	108.048	10.718
201908	9.022	108.245	10.797
201911	9.343	108.519	11.153
202002	9.420	109.139	11.181
202005	9.447	108.175	11.313
202008	9.556	109.662	11.288
202011	9.464	109.793	11.166
202102	9.378	110.968	10.947
202105	10.021	113.576	11.429
202108	10.270	115.421	11.526
202111	10.498	117.269	11.596
202202	10.785	119.703	11.671
202205	11.219	123.323	11.784
202208	11.613	124.958	12.039
202211	11.956	125.607	12.330
202302	12.099	126.928	12.348
202305	12.383	128.314	12.501
202308	12.429	129.538	12.429

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.

Resources Connection (NAS:RGP) 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.

Resources Connection Cyclically Adjusted PB Ratio Related Terms

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

Resources Connection (NAS:RGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Resources Connection Inc (NAS:RGP) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

RCO:Germany

Address

17101 Armstrong Avenue, Suite 100, Irvine, CA, USA, 92614

Website

https://www.rgp.com

Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Other segments. The company offers transformation and improvement, financial reporting and analysis, strategy development, and program and project management services and support. Its clients operate in the accounting, finance, corporate governance, risk and compliance management, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, and legal and regulatory sectors.

Executives

Neil F Dimick	director	BUILDING 4, TRIDENT PLACE, MOSQUITO WAY, HATFIELD, HERTFORDSHIRE X0 AL10 9UL
Timothy L Brackney	officer: President and COO	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Maltzan Marco Von	director	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Kate W Duchene	director, officer: President & CEO	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Jennifer Y Ryu	officer: CFO	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Robert F Kistinger	director	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Jolene Sarkis	director	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Susan Collyns	director	6053 W CENTURY BLVD STE 1100, C/O CALIFORNIA PIZZA KITCHEN INC, LOS ANGLES CA 90045-6430
David P White	director	17101 ARMSTRONG AVE., STE 100, IRVINE CA 92614
Lisa Pierozzi	director	17101 ARMSTRONG AVE, STE 100, IRVINE CA 92614
Michael H Wargotz	director	AXCESS WORLDWIDE, 515 MADISON AVE., 15TH FLOOR, NEW YORK NY 10022
Anne Shih	director	17101 ARMSTRONG AVENUE, IRVINE CA 92614
Herbert M Mueller	officer: CFO & EVP
Susan J Crawford	director	17101 ARMSTRONG AVE, IRVINE CA 92614
Tracy B Stephens	officer: EVP & COO	360 WESTMINSTER, HOUSTON TX 77024