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TTEC Holdings (FRA:TH1) Cyclically Adjusted Book per Share : €10.76 (As of Mar. 2024)


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What is TTEC 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.

TTEC Holdings's adjusted book value per share for the three months ended in Mar. 2024 was €11.543. 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 €10.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TTEC Holdings's average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.30% per year. 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 TTEC Holdings was 8.70% per year. The lowest was 2.10% per year. And the median was 6.15% per year.

As of today (2024-06-07), TTEC Holdings's current stock price is €6.00. TTEC Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.76. TTEC Holdings's Cyclically Adjusted PB Ratio of today is 0.56.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TTEC Holdings was 11.62. The lowest was 0.55. And the median was 3.72.


TTEC Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for TTEC 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.

TTEC Holdings Cyclically Adjusted Book per Share Chart

TTEC 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 7.82 7.56 9.15 9.99 10.06

TTEC 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 9.71 10.11 10.21 10.06 10.76

Competitive Comparison of TTEC Holdings's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, TTEC 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.


TTEC Holdings's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



TTEC 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, TTEC 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)
=11.543/131.7762*131.7762
=11.543

Current CPI (Mar. 2024) = 131.7762.

TTEC Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.187 100.560 9.418
201409 7.307 100.428 9.588
201412 7.620 99.070 10.136
201503 8.538 99.621 11.294
201506 8.276 100.684 10.832
201509 7.625 100.392 10.009
201512 8.211 99.792 10.843
201603 8.275 100.470 10.853
201606 7.845 101.688 10.166
201609 7.397 101.861 9.569
201612 7.296 101.863 9.439
201703 7.528 102.862 9.644
201706 7.559 103.349 9.638
201709 7.186 104.136 9.093
201712 6.557 104.011 8.307
201803 5.957 105.290 7.456
201806 6.022 106.317 7.464
201809 5.949 106.507 7.360
201812 6.568 105.998 8.165
201903 6.799 107.251 8.354
201906 7.223 108.070 8.807
201909 7.319 108.329 8.903
201912 8.103 108.420 9.849
202003 7.543 108.902 9.127
202006 8.294 108.767 10.049
202009 8.601 109.815 10.321
202012 7.821 109.897 9.378
202103 8.370 111.754 9.870
202106 9.149 114.631 10.517
202109 8.846 115.734 10.072
202112 9.835 117.630 11.018
202203 10.333 121.301 11.225
202206 10.750 125.017 11.331
202209 10.863 125.227 11.431
202212 11.193 125.222 11.779
202303 11.741 127.348 12.149
202306 12.118 128.729 12.405
202309 11.583 129.860 11.754
202312 11.575 129.419 11.786
202403 11.543 131.776 11.543

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


TTEC Holdings  (FRA:TH1) 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.

TTEC Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.00/10.76
=0.56

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TTEC Holdings was 11.62. The lowest was 0.55. And the median was 3.72.


Be Aware

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


TTEC Holdings Cyclically Adjusted Book per Share Related Terms

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


TTEC Holdings (FRA:TH1) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » TTEC Holdings Inc (FRA:TH1) » Definitions » Cyclically Adjusted Book per Share
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Address
9197 South Peoria Street, Englewood, CO, USA, 80112
TTEC Holdings Inc provides customer engagement management tools and services. The company operates through four operating segments that are organized into two groups, TTEC Digital and TTEC Engage. TTEC Digital is engaged in building and implementing cloud-based and on-premises customer experience tools that enable clients to develop customer engagement strategies. TTEC Engage focuses on delivering sales and marketing solutions to help clients boost their revenue as well as on managing customer's front-to-back office processes to optimize the customer experience. TTEC Engage contributes the vast majority of the company's revenue, and most of the sales are derived from the United States and Canada, followed by Philippines, Asia-Pacific and India.

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