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Perion Network (FRA:IW2) Cyclically Adjusted PB Ratio : 1.10 (As of May. 24, 2024)


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What is Perion Network Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Perion Network's current share price is €10.47. Perion Network's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.54. Perion Network's Cyclically Adjusted PB Ratio for today is 1.10.

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

FRA:IW2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.79   Max: 4.14
Current: 1.13

During the past years, Perion Network's highest Cyclically Adjusted PB Ratio was 4.14. The lowest was 0.18. And the median was 0.79.

FRA:IW2's Cyclically Adjusted PB Ratio is ranked better than
62.29% of 297 companies
in the Interactive Media industry
Industry Median: 1.61 vs FRA:IW2: 1.13

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.

Perion Network's adjusted book value per share data for the three months ended in Mar. 2024 was €13.959. 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 €9.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Perion Network Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Perion Network'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.

Perion Network Cyclically Adjusted PB Ratio Chart

Perion Network 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 0.52 1.05 1.81 2.01 3.00

Perion Network 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 3.15 3.08 3.11 3.00 2.17

Competitive Comparison of Perion Network's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Perion Network'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.


Perion Network's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Perion Network's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Perion Network 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.

Perion Network's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.47/9.54
=1.10

* 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.

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

For example, Perion Network'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)
=13.959/131.7762*131.7762
=13.959

Current CPI (Mar. 2024) = 131.7762.

Perion Network Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.151 100.560 9.371
201409 8.468 100.428 11.111
201412 8.649 99.070 11.504
201503 10.256 99.621 13.566
201506 10.299 100.684 13.479
201509 7.733 100.392 10.151
201512 7.259 99.792 9.586
201603 6.976 100.470 9.150
201606 6.999 101.688 9.070
201609 7.222 101.861 9.343
201612 7.666 101.863 9.917
201703 7.487 102.862 9.592
201706 5.914 103.349 7.541
201709 5.681 104.136 7.189
201712 4.522 104.011 5.729
201803 4.365 105.290 5.463
201806 4.655 106.317 5.770
201809 4.733 106.507 5.856
201812 5.059 105.998 6.289
201903 5.127 107.251 6.299
201906 5.241 108.070 6.391
201909 5.469 108.329 6.653
201912 5.665 108.420 6.885
202003 5.733 108.902 6.937
202006 5.605 108.767 6.791
202009 5.417 109.815 6.500
202012 5.533 109.897 6.635
202103 6.220 111.754 7.334
202106 6.298 114.631 7.240
202109 6.704 115.734 7.633
202112 9.457 117.630 10.594
202203 9.959 121.301 10.819
202206 10.743 125.017 11.324
202209 12.190 125.227 12.828
202212 11.922 125.222 12.546
202303 12.293 127.348 12.720
202306 12.489 128.729 12.785
202309 13.149 129.860 13.343
202312 13.722 129.419 13.972
202403 13.959 131.776 13.959

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.


Perion Network  (FRA:IW2) 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.


Perion Network Cyclically Adjusted PB Ratio Related Terms

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


Perion Network (FRA:IW2) Business Description

Traded in Other Exchanges
Address
26 HaRokmim Street, Holon, ISR, 5885849
Perion Network Ltd is a technology company. It offers online advertising and searching solutions to brands, agencies, and publishers through desktop, mobile and social channels. Its products and services include Undertone, Codefuel, Make me reach, and Smilebox. The company earns prime revenue from search fees and online advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the group has a business presence in North America, Europe, and Other countries of which a majority of the revenue is derived from North America.

Perion Network (FRA:IW2) Headlines

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