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Optiva (TSX:OPT) Cyclically Adjusted Book per Share : C$13.08 (As of Mar. 2024)


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What is Optiva 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.

Optiva's adjusted book value per share for the three months ended in Mar. 2024 was C$-9.915. 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$13.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Optiva's average Cyclically Adjusted Book Growth Rate was -26.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -13.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -12.70% 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 Optiva was -11.90% per year. The lowest was -13.20% per year. And the median was -12.00% per year.

As of today (2024-06-02), Optiva's current stock price is C$6.20. Optiva's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$13.08. Optiva's Cyclically Adjusted PB Ratio of today is 0.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Optiva was 2.32. The lowest was 0.14. And the median was 1.33.


Optiva Cyclically Adjusted Book per Share Historical Data

The historical data trend for Optiva'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.

Optiva Cyclically Adjusted Book per Share Chart

Optiva Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.91 22.26 20.05 18.34 14.54

Optiva Quarterly Data
Dec18 Mar19 Jun19 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 17.80 17.03 16.10 14.54 13.08

Competitive Comparison of Optiva's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Optiva'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.


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

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

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



Optiva 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, Optiva'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)
=-9.915/126.2576*126.2576
=-9.915

Current CPI (Mar. 2024) = 126.2576.

Optiva Quarterly Data

Book Value per Share CPI Adj_Book
201312 41.484 96.945 54.027
201403 65.911 98.604 84.396
201406 61.778 99.473 78.412
201409 46.968 99.394 59.662
201412 50.167 98.367 64.391
201503 53.993 99.789 68.314
201506 50.807 100.500 63.828
201509 53.174 100.421 66.854
201512 52.790 99.947 66.687
201603 33.727 101.054 42.139
201606 27.485 102.002 34.021
201609 17.476 101.765 21.682
201612 14.968 101.449 18.628
201703 7.498 102.634 9.224
201706 -5.464 103.029 -6.696
201709 14.119 103.345 17.249
201712 -0.804 103.345 -0.982
201803 -3.148 105.004 -3.785
201806 -4.200 105.557 -5.024
201809 -7.553 105.636 -9.027
201812 -6.365 105.399 -7.625
201903 -6.136 106.979 -7.242
201906 -5.343 107.690 -6.264
202003 -9.142 107.927 -10.695
202006 -12.642 108.401 -14.724
202009 -20.500 108.164 -23.929
202012 -19.139 108.559 -22.259
202103 -14.945 110.298 -17.108
202106 -8.360 111.720 -9.448
202109 -7.068 112.905 -7.904
202112 -7.265 113.774 -8.062
202203 -6.728 117.646 -7.221
202206 -6.816 120.806 -7.124
202209 -5.469 120.648 -5.723
202212 -5.735 120.964 -5.986
202303 -6.329 122.702 -6.512
202306 -6.689 124.203 -6.800
202309 -7.493 125.230 -7.554
202312 -8.528 125.072 -8.609
202403 -9.915 126.258 -9.915

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


Optiva  (TSX:OPT) 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.

Optiva's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.20/13.08
=0.47

* 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 Optiva was 2.32. The lowest was 0.14. And the median was 1.33.


Be Aware

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


Optiva Cyclically Adjusted Book per Share Related Terms

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


Optiva (TSX:OPT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Optiva Inc (TSX:OPT) » Definitions » Cyclically Adjusted Book per Share
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Address
2233 Argentia Road, Suite 302, East Tower, Mississauga, ON, CAN, L5N 2X7
Optiva Inc is engaged in offering next-generation software solutions to help the telco industry and customers leverage today's digital technologies. The company's portfolio of products enables real-time billing, charging, policy management and user experience that are critical to customers' growth and performance. When deployed in the cloud, Optiva solutions deliver the most impact for the best value. The company's vision, market knowledge, analytical insights and Customer Success Program ensure customers are equipped to achieve their strategic business goals today and into the future.

Optiva (TSX:OPT) Headlines

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