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ScanSource (ScanSource) Cyclically Adjusted PB Ratio : 1.12 (As of Apr. 28, 2024)


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What is ScanSource Cyclically Adjusted PB Ratio?

As of today (2024-04-28), ScanSource's current share price is $41.97. ScanSource's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $37.53. ScanSource's Cyclically Adjusted PB Ratio for today is 1.12.

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

SCSC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.34   Max: 2.51
Current: 1.12

During the past years, ScanSource's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 0.55. And the median was 1.34.

SCSC's Cyclically Adjusted PB Ratio is ranked better than
63.78% of 1833 companies
in the Hardware industry
Industry Median: 1.57 vs SCSC: 1.12

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.

ScanSource's adjusted book value per share data for the three months ended in Dec. 2023 was $37.910. 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 $37.53 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ScanSource Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ScanSource'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.

ScanSource Cyclically Adjusted PB Ratio Chart

ScanSource Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.11 0.78 0.86 0.87 0.80

ScanSource 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 0.81 0.83 0.80 0.81 1.06

Competitive Comparison of ScanSource's Cyclically Adjusted PB Ratio

For the Electronics & Computer Distribution subindustry, ScanSource'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.


ScanSource's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



ScanSource 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.

ScanSource's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=41.97/37.53
=1.12

* 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.

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

For example, ScanSource'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)
=37.91/129.4194*129.4194
=37.910

Current CPI (Dec. 2023) = 129.4194.

ScanSource Quarterly Data

Book Value per Share CPI Adj_Book
201403 27.103 99.695 35.184
201406 28.124 100.560 36.195
201409 28.379 100.428 36.571
201412 28.569 99.070 37.321
201503 27.944 99.621 36.303
201506 28.673 100.684 36.856
201509 28.240 100.392 36.406
201512 28.568 99.792 37.049
201603 29.516 100.470 38.021
201606 30.236 101.688 38.482
201609 30.742 101.861 39.059
201612 31.190 101.863 39.628
201703 31.947 102.862 40.195
201706 32.917 103.349 41.220
201709 33.529 104.136 41.670
201712 33.662 104.011 41.885
201803 34.326 105.290 42.193
201806 33.852 106.317 41.208
201809 34.283 106.507 41.658
201812 34.997 105.998 42.730
201903 35.442 107.251 42.768
201906 35.977 108.070 43.085
201909 35.884 108.329 42.870
201912 36.597 108.420 43.685
202003 35.417 108.902 42.090
202006 26.743 108.767 31.821
202009 26.467 109.815 31.192
202012 26.801 109.897 31.562
202103 27.117 111.754 31.403
202106 28.675 114.631 32.374
202109 29.226 115.734 32.682
202112 29.953 117.630 32.955
202203 31.722 121.301 33.845
202206 32.021 125.017 33.149
202209 32.784 125.227 33.882
202212 34.029 125.222 35.170
202303 35.145 127.348 35.717
202306 36.439 128.729 36.635
202309 36.668 129.860 36.544
202312 37.910 129.419 37.910

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.


ScanSource  (NAS:SCSC) 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.


ScanSource Cyclically Adjusted PB Ratio Related Terms

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


ScanSource (ScanSource) Business Description

Industry
Traded in Other Exchanges
Address
6 Logue Court, Greenville, SC, USA, 29615
ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.
Executives
Michael L Baur officer: President and CEO 6 LOGUE COURT, GREENVILLE SC 29615
Peter C Browning director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Brandy Ford officer: SVP & Chief Accounting Officer 6 LOGUE COURT, GREENVILLE SC 29615
John Charles Eldh officer: Sr. EVP & Chief Revenue Off. 6 LOGUE COURT, GREENVILLE SC 29615
Vernon J Nagel director 1330 W. FULTON STREET, SUITE 350, CHICAGO IL 60607
Shana C Smith officer: Sr. EVP & Chief Legal Officer 1875 EXPLORER ST SUITE 800, RESTON VA 20190
Charles R Whitchurch director 143 FULLER LANE, WINNDKER IL 60093
Charles Alexander Mathis officer: Vice-President & CFO 627 ISLAND PARK DRIVE, DANIEL ISLAND SC 29492
Rachel Hayden officer: Senior Executive VP & CIO 6 LOGUE COURT, GREENVILLE SC 29615
Michael J Grainger director C/O INGRAM MICRO INC WORLD WIDE L, 1600 E ST ANDREW PLACE, SANTA ANA CA 92705
Stephen Jones officer: Sr. EVP & CFO 6 LOGUE COURT, GREENVILLE SC 29615
Emory Frank Edward Jr. director 2809 SHARON VIEW ROAD, CHARLOTTE NC 28210
Jeffrey R Rodek director 4151 GULF SHORE BLVD N, PH2, NAPLES FL 34103
Matthew Dean officer: VP and General Counsel 101 LEDGESTONE WAY, GREER SC 29651
Gerald Lyons officer: SVP & Principal Acctg Officer 6 LOGUE CT., GREENVILLE SC 29615