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Cogent Communications Holdings (FRA:OGM1) Cyclically Adjusted Book per Share : €-2.34 (As of Mar. 2024)


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What is Cogent Communications Holdings Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Cogent Communications Holdings's adjusted book value per share for the three months ended in Mar. 2024 was €9.397. 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 €-2.34 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Cogent Communications Holdings was -17.40% per year. The lowest was -73.70% per year. And the median was -29.40% per year.

As of today (2024-06-11), Cogent Communications Holdings's current stock price is €50.50. Cogent Communications Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €-2.34. Cogent Communications Holdings's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cogent Communications Holdings was 1702.25. The lowest was 0.82. And the median was 8.40.


Cogent Communications Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cogent Communications Holdings's Cyclically Adjusted Book per Share 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.

Cogent Communications Holdings Cyclically Adjusted Book per Share Chart

Cogent Communications Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.03 -0.99 -2.23 -2.34

Cogent Communications Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 -2.79 -2.67 -2.65 -2.34 -2.34

Competitive Comparison of Cogent Communications Holdings's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Cogent Communications Holdings'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.


Cogent Communications Holdings's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

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



Cogent Communications Holdings Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Cogent Communications Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=9.397/131.7762*131.7762
=9.397

Current CPI (Mar. 2024) = 131.7762.

Cogent Communications Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.227 100.560 2.918
201409 1.815 100.428 2.382
201412 1.465 99.070 1.949
201503 1.085 99.621 1.435
201506 0.433 100.684 0.567
201509 0.022 100.392 0.029
201512 -0.249 99.792 -0.329
201603 -0.365 100.470 -0.479
201606 -0.574 101.688 -0.744
201609 -0.792 101.861 -1.025
201612 -1.110 101.863 -1.436
201703 -1.307 102.862 -1.674
201706 -1.380 103.349 -1.760
201709 -1.463 104.136 -1.851
201712 -1.885 104.011 -2.388
201803 -1.701 105.290 -2.129
201806 -2.113 106.317 -2.619
201809 -2.321 106.507 -2.872
201812 -2.827 105.998 -3.515
201903 -3.136 107.251 -3.853
201906 -3.339 108.070 -4.071
201909 -3.694 108.329 -4.494
201912 -3.914 108.420 -4.757
202003 -4.266 108.902 -5.162
202006 -4.424 108.767 -5.360
202009 -4.681 109.815 -5.617
202012 -5.104 109.897 -6.120
202103 -5.436 111.754 -6.410
202106 -5.855 114.631 -6.731
202109 -6.362 115.734 -7.244
202112 -6.926 117.630 -7.759
202203 -7.741 121.301 -8.409
202206 -8.675 125.017 -9.144
202209 -10.347 125.227 -10.888
202212 -10.197 125.222 -10.731
202303 -10.608 127.348 -10.977
202306 10.237 128.729 10.479
202309 8.522 129.860 8.648
202312 11.499 129.419 11.708
202403 9.397 131.776 9.397

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Cogent Communications Holdings  (FRA:OGM1) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cogent Communications Holdings was 1702.25. The lowest was 0.82. And the median was 8.40.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Cogent Communications Holdings Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Cogent Communications Holdings's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Cogent Communications Holdings (FRA:OGM1) Business Description

Traded in Other Exchanges
Address
2450 N Street North West, Washington, DC, USA, 20037
Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the U.S.

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