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CSP (CSPI) Cyclically Adjusted PB Ratio : 3.62 (As of May. 24, 2024)


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What is CSP Cyclically Adjusted PB Ratio?

As of today (2024-05-24), CSP's current share price is $14.572. CSP's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $4.02. CSP's Cyclically Adjusted PB Ratio for today is 3.62.

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

CSPI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.45   Max: 7.11
Current: 3.55

During the past years, CSP's highest Cyclically Adjusted PB Ratio was 7.11. The lowest was 0.87. And the median was 1.45.

CSPI's Cyclically Adjusted PB Ratio is ranked worse than
64.13% of 1352 companies
in the Software industry
Industry Median: 2.615 vs CSPI: 3.55

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.

CSP's adjusted book value per share data for the three months ended in Mar. 2024 was $4.946. 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 $4.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CSP Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CSP'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.

CSP Cyclically Adjusted PB Ratio Chart

CSP Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 1.34 1.30 0.96 2.23

CSP 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 1.78 1.53 2.23 2.48 4.59

Competitive Comparison of CSP's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, CSP'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.


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

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

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



CSP 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.572/4.02
=3.62

* 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.

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

For example, CSP'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)
=4.946/131.7762*131.7762
=4.946

Current CPI (Mar. 2024) = 131.7762.

CSP Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.284 100.560 4.303
201409 2.941 100.428 3.859
201412 2.826 99.070 3.759
201503 2.659 99.621 3.517
201506 2.656 100.684 3.476
201509 2.656 100.392 3.486
201512 2.594 99.792 3.425
201603 2.620 100.470 3.436
201606 2.759 101.688 3.575
201609 2.310 101.861 2.988
201612 2.337 101.863 3.023
201703 2.246 102.862 2.877
201706 2.287 103.349 2.916
201709 2.668 104.136 3.376
201712 2.452 104.011 3.107
201803 2.326 105.290 2.911
201806 2.255 106.317 2.795
201809 4.207 106.507 5.205
201812 4.159 105.998 5.170
201903 3.949 107.251 4.852
201906 3.937 108.070 4.801
201909 3.662 108.329 4.455
201912 3.587 108.420 4.360
202003 3.343 108.902 4.045
202006 3.347 108.767 4.055
202009 3.453 109.815 4.144
202012 3.654 109.897 4.381
202103 3.505 111.754 4.133
202106 3.502 114.631 4.026
202109 3.874 115.734 4.411
202112 3.861 117.630 4.325
202203 3.766 121.301 4.091
202206 3.800 125.017 4.005
202209 4.278 125.227 4.502
202212 4.469 125.222 4.703
202303 4.399 127.348 4.552
202306 4.695 128.729 4.806
202309 4.881 129.860 4.953
202312 4.915 129.419 5.005
202403 4.946 131.776 4.946

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.


CSP  (NAS:CSPI) 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.


CSP Cyclically Adjusted PB Ratio Related Terms

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


CSP (CSPI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » CSP Inc (NAS:CSPI) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
N/A
Address
175 Cabot Street, Suite 210, Lowell, MA, USA, 01854
CSP Inc along with its subsidiaries develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and high-performance cluster computer systems. The firm operates in two segments namely Technology Solutions, where the company focus on value-added reseller integrated solutions including third-party hardware, software, and technical computer-related consulting, and High-Performance Products segments, where the company design, manufacture and deliver products and services to customers that require specialized cyber security services, networking and signal processing. It generates a majority of its revenue from the Technology Solutions segment. Geographically, the company generates its maximum revenue from the Americas.
Executives
Joseph R Nerges 10 percent owner 1726 BUNDY ST, SCRANTON PA 18508
Gary Southwell officer: VP and GM 175 CABOT STREET, SUITE 210, LOWELL MA 01854
Mike Newbanks officer: VP Finance & CAO 1182 E NEWPORT CENTER DRIVE, DEERFIELD BEACH FL 33442
Gary W Levine officer: CFO 215 BUNKER HILL ST., CHARLESTOWN MA 02129
Victor Dellovo officer: President and CEO 1182 EAST NEWPORT CENTER DRIVE, DEERFIELD BEACH FL 33442-8126
C Shelton James director GROUP LONG DISTANCE INC, 1451 W CYPRESS CREEK RD STE 200, FT LAUDERDALE FL 33309
Ismail Azeri director 175 CABOT STREET, SUITE 210, LOWELL MA 01854
John M Leydon officer: VP Finance Chief Acct Officer 2 BECK STREET, NEWBURYPORT MA 01950
Blackmon Raymond Charles Jr director 155 VIOLET PLACE, EUFAULA AL 36027
Marilyn T Smith director 10349 MAIN STREET, FAIRFAX VA 22030
Robert E Bunnett director 733 MEDITERRANEAN LANE, REDWOOD CITY CA 94065
Julian Demora other: Investor P.O.BOX 220139, HOLLYWOOD FL 33022
Christopher Hall director, 10 percent owner 671 NORTHEAST 105TH ST, MIAMI SHORES FL 33138
Robert Michael Williams director P.O. 296, BREWSTER MA 02631
Robert A Stellato officer: Chief Accounting Officer 43 MANNING ROAD, BILLERICA MA 01821