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PC Connection (PC Connection) Cyclically Adjusted PB Ratio : 2.70 (As of May. 19, 2024)


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What is PC Connection Cyclically Adjusted PB Ratio?

As of today (2024-05-19), PC Connection's current share price is $67.99. PC Connection's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $25.21. PC Connection's Cyclically Adjusted PB Ratio for today is 2.70.

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

CNXN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 2.3   Max: 3.48
Current: 2.7

During the past years, PC Connection's highest Cyclically Adjusted PB Ratio was 3.48. The lowest was 1.60. And the median was 2.30.

CNXN's Cyclically Adjusted PB Ratio is ranked worse than
68.88% of 1867 companies
in the Hardware industry
Industry Median: 1.65 vs CNXN: 2.70

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.

PC Connection's adjusted book value per share data for the three months ended in Mar. 2024 was $32.340. 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 $25.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PC Connection Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PC Connection'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.

PC Connection Cyclically Adjusted PB Ratio Chart

PC Connection 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 3.23 2.80 2.22 2.12 2.76

PC Connection Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.97 1.92 2.22 2.76 2.62

Competitive Comparison of PC Connection's Cyclically Adjusted PB Ratio

For the Electronics & Computer Distribution subindustry, PC Connection'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.


PC Connection's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



PC Connection 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.

PC Connection's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=67.99/25.21
=2.70

* 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.

PC Connection's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PC Connection'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)
=32.34/131.7762*131.7762
=32.340

Current CPI (Mar. 2024) = 131.7762.

PC Connection Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.937 100.560 16.953
201409 13.374 100.428 17.549
201412 13.438 99.070 17.874
201503 13.771 99.621 18.216
201506 14.220 100.684 18.611
201509 14.697 100.392 19.292
201512 14.811 99.792 19.558
201603 15.162 100.470 19.886
201606 15.644 101.688 20.273
201609 16.144 101.861 20.885
201612 16.289 101.863 21.073
201703 16.551 102.862 21.203
201706 17.067 103.349 21.761
201709 17.524 104.136 22.175
201712 17.959 104.011 22.753
201803 18.400 105.290 23.029
201806 19.086 106.317 23.656
201809 19.575 106.507 24.219
201812 19.924 105.998 24.769
201903 20.397 107.251 25.061
201906 21.285 108.070 25.954
201909 22.158 108.329 26.954
201912 22.674 108.420 27.558
202003 23.086 108.902 27.935
202006 23.401 108.767 28.351
202009 24.033 109.815 28.839
202012 24.315 109.897 29.156
202103 24.737 111.754 29.169
202106 25.416 114.631 29.217
202109 26.185 115.734 29.814
202112 25.997 117.630 29.124
202203 26.864 121.301 29.184
202206 27.862 125.017 29.368
202209 28.762 125.227 30.266
202212 29.077 125.222 30.599
202303 29.545 127.348 30.572
202306 30.245 128.729 30.961
202309 31.180 129.860 31.640
202312 31.896 129.419 32.477
202403 32.340 131.776 32.340

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.


PC Connection  (NAS:CNXN) 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.


PC Connection Cyclically Adjusted PB Ratio Related Terms

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


PC Connection (PC Connection) Business Description

Industry
Traded in Other Exchanges
Address
730 Milford Road, Merrimack, NH, USA, 03054-4631
PC Connection Inc is a provider of information technology solutions. It provides products such as computer systems, software and peripheral equipment, networking communications, and other products and accessories that company purchase from manufacturers and distributors. The company also offers services involving design, configuration, and implementation of IT solutions. It conducts business operations through three business segments namely Business Solutions, Enterprise Solutions, and Public Sector Solutions. The company generates maximum revenue Enterprise Solutions segment.
Executives
Thomas C Baker officer: Sr. VP, CFO & Treasurer 730 MILFORD ROAD, MERRIMACK NH 03054
Negrini David Beffa director, officer: VP, Corporate Communications PC CONNECTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Timothy J Mcgrath officer: President & CEO PC CONNECTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Jack L Ferguson officer: Treasurer & Interim CFO PC CONNECTION, INC., 730 MILFORD ROAD, MERRIMACK NH 03054
Barbara Duckett director 730 MILFORD ROAD, MERRIMACK NH 03054
Patricia Gallup director, 10 percent owner, officer: Chairman & Chief Admin Officer 730 MILFORD ROAD, MERRIMACK NH 03054
Pc Connection Inc 10 percent owner ROUTE 101A, 730 MILFORD RD, MERRIMACK NH 03054
Comack Trust 10 percent owner 450 MARLBORO STREET, KEENE NH 03431
Jay E Bothwick director C/O PC CONENCTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Gary Kinyon director 730 MILFORD ROAD, MERRIMACK NH 03054
Estate Of David Mclellan Hall 10 percent owner C/O PC CONNECTION, 730 MILFORD ROAD, MERRIMACK NH 03054
Joseph A Baute director 730 MILFORD ROAD, MERRIMACK NH 03054
Stephen P Sarno officer: Sr. VP, Treasurer & CFO C/O SAPIENT CORPORATION, 25 FIRST STREET, CAMBRIDGE MA 02141
David Hall director, 10 percent owner, officer: Vice Chairman 730 MILFORD ROAD, MERRIMACK NH 03054
Glynn W Schulze officer: Interim CFO and VP C/O PC CONNECTION, INC., 730 MILFORD ROAD, MERRIMACK NH 03054