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Korn Ferry (FRA:KFY) Cyclically Adjusted PB Ratio : 2.48 (As of Jun. 01, 2024)


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What is Korn Ferry Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Korn Ferry's current share price is €60.50. Korn Ferry's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €24.41. Korn Ferry's Cyclically Adjusted PB Ratio for today is 2.48.

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

FRA:KFY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.31   Med: 2.4   Max: 4.25
Current: 2.51

During the past years, Korn Ferry's highest Cyclically Adjusted PB Ratio was 4.25. The lowest was 1.31. And the median was 2.40.

FRA:KFY's Cyclically Adjusted PB Ratio is ranked worse than
66.67% of 669 companies
in the Business Services industry
Industry Median: 1.61 vs FRA:KFY: 2.51

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.

Korn Ferry's adjusted book value per share data for the three months ended in Jan. 2024 was €29.877. 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 €24.41 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Korn Ferry Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Korn Ferry'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.

Korn Ferry Cyclically Adjusted PB Ratio Chart

Korn Ferry Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 1.60 3.46 2.74 1.93

Korn Ferry Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2.23 1.93 2.07 1.76 2.23

Competitive Comparison of Korn Ferry's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, Korn Ferry'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.


Korn Ferry's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Korn Ferry's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Korn Ferry 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.

Korn Ferry's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.50/24.41
=2.48

* 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.

Korn Ferry's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Korn Ferry's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=29.877/130.1244*130.1244
=29.877

Current CPI (Jan. 2024) = 130.1244.

Korn Ferry Quarterly Data

Book Value per Share CPI Adj_Book
201404 10.982 100.023 14.287
201407 11.303 100.520 14.632
201410 12.323 100.176 16.007
201501 13.457 98.604 17.759
201504 14.895 99.824 19.416
201507 14.590 100.691 18.855
201510 14.584 100.346 18.912
201601 16.576 99.957 21.579
201604 16.080 100.947 20.728
201607 16.157 101.524 20.709
201610 16.561 101.988 21.130
201701 17.470 102.456 22.188
201704 17.754 103.167 22.393
201707 17.033 103.278 21.461
201710 17.047 104.070 21.315
201801 17.091 104.578 21.266
201804 17.544 105.708 21.596
201807 17.463 106.324 21.372
201810 18.062 106.695 22.028
201901 18.705 106.200 22.919
201904 19.567 107.818 23.615
201907 19.873 108.250 23.889
201910 20.525 108.577 24.598
202001 20.791 108.841 24.857
202004 20.637 108.173 24.825
202007 19.275 109.318 22.944
202010 19.149 109.861 22.681
202101 19.662 110.364 23.182
202104 21.151 112.673 24.427
202107 21.996 115.183 24.849
202110 23.416 116.696 26.111
202201 24.968 118.619 27.390
202204 26.886 121.978 28.682
202207 28.749 125.002 29.927
202210 30.273 125.734 31.330
202301 28.429 126.223 29.308
202304 28.756 127.992 29.235
202307 28.930 128.974 29.188
202310 29.785 129.810 29.857
202401 29.877 130.124 29.877

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.


Korn Ferry  (FRA:KFY) 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.


Korn Ferry Cyclically Adjusted PB Ratio Related Terms

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


Korn Ferry (FRA:KFY) Business Description

Industry
Traded in Other Exchanges
Address
1900 Avenue of the Stars, Suite 1500, Los Angeles, CA, USA, 90067
Korn Ferry is a United States-based firm engaged in organizational consulting and management recruitment that helps clients fill mid- to high-level management positions. The company's segment includes Consulting; Digital; Executive Search and RPO and Professional Search.