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Cogeco (TSX:CGO) Cyclically Adjusted PB Ratio : 1.00 (As of Apr. 29, 2024)


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What is Cogeco Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Cogeco's current share price is C$51.25. Cogeco's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was C$51.46. Cogeco's Cyclically Adjusted PB Ratio for today is 1.00.

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

TSX:CGO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 2.09   Max: 3.28
Current: 1

During the past years, Cogeco's highest Cyclically Adjusted PB Ratio was 3.28. The lowest was 0.92. And the median was 2.09.

TSX:CGO's Cyclically Adjusted PB Ratio is ranked better than
64.64% of 280 companies
in the Telecommunication Services industry
Industry Median: 1.435 vs TSX:CGO: 1.00

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.

Cogeco's adjusted book value per share data for the three months ended in Feb. 2024 was C$82.463. 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 C$51.46 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cogeco Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cogeco'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.

Cogeco Cyclically Adjusted PB Ratio Chart

Cogeco Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 2.20 2.31 1.40 1.01

Cogeco Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.28 1.10 1.01 0.93 1.12

Competitive Comparison of Cogeco's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Cogeco'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.


Cogeco's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cogeco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Cogeco 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=51.25/51.46
=1.00

* 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.

Cogeco's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Cogeco's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=82.463/125.4675*125.4675
=82.463

Current CPI (Feb. 2024) = 125.4675.

Cogeco Quarterly Data

Book Value per Share CPI Adj_Book
201405 29.712 99.394 37.506
201408 30.535 99.315 38.576
201411 31.927 99.078 40.431
201502 32.961 99.078 41.740
201505 34.157 100.263 42.743
201508 35.860 100.579 44.733
201511 37.087 100.421 46.337
201602 38.635 100.421 48.271
201605 31.247 101.765 38.525
201608 29.939 101.686 36.941
201611 31.546 101.607 38.954
201702 32.833 102.476 40.200
201705 34.224 103.108 41.646
201708 34.867 103.108 42.428
201711 35.953 103.740 43.483
201802 40.314 104.688 48.316
201805 41.606 105.399 49.528
201808 43.382 106.031 51.334
201811 44.624 105.478 53.081
201902 45.364 106.268 53.560
201905 46.667 107.927 54.251
201908 46.818 108.085 54.347
201911 48.057 107.769 55.949
202002 47.376 108.559 54.755
202005 47.620 107.532 55.562
202008 47.588 108.243 55.160
202011 49.576 108.796 57.173
202102 50.219 109.745 57.414
202105 49.776 111.404 56.060
202108 51.035 112.668 56.833
202111 52.453 113.932 57.764
202202 54.088 115.986 58.509
202205 56.154 120.016 58.705
202208 58.319 120.569 60.688
202211 60.747 121.675 62.640
202302 61.452 122.070 63.162
202305 58.110 124.045 58.776
202308 59.304 125.389 59.341
202311 60.440 125.468 60.440
202402 82.463 125.468 82.463

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.


Cogeco  (TSX:CGO) 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.


Cogeco Cyclically Adjusted PB Ratio Related Terms

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


Cogeco (TSX:CGO) Business Description

Traded in Other Exchanges
Address
1 Place Ville Marie, Bureau 3301, Montreal, QC, CAN, H3B 3N2
Cogeco Inc is a telecommunications company. The company has operating segments, namely Canadian broadband services, American broadband services and Others. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.