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Tucows (Tucows) Cyclically Adjusted PB Ratio : 2.52 (As of Apr. 27, 2024)


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What is Tucows Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Tucows's current share price is $17.95. Tucows's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.13. Tucows's Cyclically Adjusted PB Ratio for today is 2.52.

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

TCX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.32   Med: 13.44   Max: 28.59
Current: 2.5

During the past years, Tucows's highest Cyclically Adjusted PB Ratio was 28.59. The lowest was 2.32. And the median was 13.44.

TCX's Cyclically Adjusted PB Ratio is ranked worse than
50.08% of 1288 companies
in the Software industry
Industry Median: 2.495 vs TCX: 2.50

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.

Tucows's adjusted book value per share data for the three months ended in Dec. 2023 was $0.906. 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 $7.13 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tucows Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tucows'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.

Tucows Cyclically Adjusted PB Ratio Chart

Tucows 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 15.91 15.90 14.72 5.01 3.79

Tucows 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 5.01 2.78 3.89 2.84 3.79

Competitive Comparison of Tucows's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Tucows'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.


Tucows's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Tucows 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.95/7.13
=2.52

* 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.

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

For example, Tucows'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)
=0.906/125.4675*125.4675
=0.906

Current CPI (Dec. 2023) = 125.4675.

Tucows Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.602 98.604 3.311
201406 2.768 99.473 3.491
201409 2.977 99.394 3.758
201412 3.146 98.367 4.013
201503 2.819 99.789 3.544
201506 3.083 100.500 3.849
201509 2.579 100.421 3.222
201512 2.464 99.947 3.093
201603 2.804 101.054 3.481
201606 2.809 102.002 3.455
201609 3.303 101.765 4.072
201612 3.615 101.449 4.471
201703 3.806 102.634 4.653
201706 4.276 103.029 5.207
201709 4.604 103.345 5.590
201712 5.689 103.345 6.907
201803 6.175 105.004 7.378
201806 6.532 105.557 7.764
201809 7.106 105.636 8.440
201812 7.506 105.399 8.935
201903 7.839 106.979 9.194
201906 8.159 107.690 9.506
201909 8.229 107.611 9.594
201912 8.899 107.769 10.360
202003 9.028 107.927 10.495
202006 9.212 108.401 10.662
202009 9.476 108.164 10.992
202012 9.866 108.559 11.403
202103 10.110 110.298 11.500
202106 10.391 111.720 11.670
202109 10.584 112.905 11.762
202112 10.709 113.774 11.810
202203 10.686 117.646 11.396
202206 10.540 120.806 10.947
202209 9.782 120.648 10.173
202212 8.936 120.964 9.269
202303 7.354 122.702 7.520
202306 4.709 124.203 4.757
202309 2.762 125.230 2.767
202312 0.906 125.468 0.906

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.


Tucows  (NAS:TCX) 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.


Tucows Cyclically Adjusted PB Ratio Related Terms

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


Tucows (Tucows) Business Description

Industry
Traded in Other Exchanges
Address
96 Mowat Avenue, Toronto, ON, CAN, M6K 3M1
Tucows Inc provides us consumers and small businesses with mobile phone services nationally and high-speed fixed Internet access in selected towns. The Company offers Mobile Service Enabler (MSE) solutions, as well as professional services to other retail mobile providers. The Company is also a global distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services primarily through a global Internet-based distribution network of Internet Service Providers, web hosting companies, and other providers of Internet services to end-users. It operates in three segments: Domain Services, Mobile Services, and Fiber Internet Services. It generates the majority of its revenue from Domain Services.
Executives
Elliot Noss director, officer: Chief Executive Officer
Robin Chase director 96 MOWAT AVENUE, TORONTO A6 M6K3M1
Lee Matheson director 96 MOWAT AVE, TORONTO A6 M6K 3M1
Gigi Sohn director 96 MOWAT AVE, TORONTO A6 M6K 3M1
Blacksheep Fund Management Ltd 10 percent owner ROCK HOUSE, MAIN STREET, BLACKROCK, CO. DUBLIN L2 A94 YY39
Michael Alan Koenig officer: Chief Operating Officer 96 MOWAT AVE, TORONTO A6 M6K 3M1
Blacksheep Master Fund Ltd. 10 percent owner C/O MOURANT GOVERNANCE SERVICES, PO BOX 1348, 94 SOLARIS AVE., GRAND CAYMAN E9 KY1-1108
Herdwick Capital Ltd 10 percent owner C/O BLACKSHEEP FUND MANAGEMENT LIMITED, ROCK HOUSE, MAIN STREET, BLACKROCK, CO. DUBLIN L2 A94 YY39
Alexis Fortune 10 percent owner C/O BLACKSHEEP FUND MANAGEMENT LIMITED, ROCK HOUSE, MAIN STREET, BLACKROCK, CO. DUBLIN L2 A94 YY39
David John Woroch officer: VP Sales & Customer Support 96 MOWAT AVENUE, TORONTO A6 M6K 3M1
Marlene Carl director 96 MOWAT AVENUE, TORONTO A6 M6K3M1
Bret Fausett officer: Chief Legal Officer & VP 96 MOWAT AVENUE, TORONTO A6 M6K3M1
Jessica Sybil-lynne Johannson officer: VP HR 612-11 BRONTE ROAD, OAKVILLE A6 L6L0E1
Justin Reilly officer: CPO 96 MOWAT AVENUE, TORONTO A6 M6K3M1
Jill Szchumacher officer: EVP Networks 96 MOWAT AVENUE, TORONTO A6 M6K3M1