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Cogent Communications Holdings (FRA:OGM1) Cyclically Adjusted PB Ratio : (As of Jun. 11, 2024)


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What is Cogent Communications Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cogent Communications Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cogent Communications Holdings'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.

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Cogent Communications Holdings Cyclically Adjusted PB Ratio Chart

Cogent Communications Holdings 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 69.57 1,593.45 - - -

Cogent Communications Holdings 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 - - - - -

Competitive Comparison of Cogent Communications Holdings's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Cogent Communications Holdings'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.


Cogent Communications Holdings's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cogent Communications Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Cogent Communications Holdings 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.

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

For example, Cogent Communications Holdings'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)
=9.397/131.7762*131.7762
=9.397

Current CPI (Mar. 2024) = 131.7762.

Cogent Communications Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.227 100.560 2.918
201409 1.815 100.428 2.382
201412 1.465 99.070 1.949
201503 1.085 99.621 1.435
201506 0.433 100.684 0.567
201509 0.022 100.392 0.029
201512 -0.249 99.792 -0.329
201603 -0.365 100.470 -0.479
201606 -0.574 101.688 -0.744
201609 -0.792 101.861 -1.025
201612 -1.110 101.863 -1.436
201703 -1.307 102.862 -1.674
201706 -1.380 103.349 -1.760
201709 -1.463 104.136 -1.851
201712 -1.885 104.011 -2.388
201803 -1.701 105.290 -2.129
201806 -2.113 106.317 -2.619
201809 -2.321 106.507 -2.872
201812 -2.827 105.998 -3.515
201903 -3.136 107.251 -3.853
201906 -3.339 108.070 -4.071
201909 -3.694 108.329 -4.494
201912 -3.914 108.420 -4.757
202003 -4.266 108.902 -5.162
202006 -4.424 108.767 -5.360
202009 -4.681 109.815 -5.617
202012 -5.104 109.897 -6.120
202103 -5.436 111.754 -6.410
202106 -5.855 114.631 -6.731
202109 -6.362 115.734 -7.244
202112 -6.926 117.630 -7.759
202203 -7.741 121.301 -8.409
202206 -8.675 125.017 -9.144
202209 -10.347 125.227 -10.888
202212 -10.197 125.222 -10.731
202303 -10.608 127.348 -10.977
202306 10.237 128.729 10.479
202309 8.522 129.860 8.648
202312 11.499 129.419 11.708
202403 9.397 131.776 9.397

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.


Cogent Communications Holdings  (FRA:OGM1) 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.


Cogent Communications Holdings Cyclically Adjusted PB Ratio Related Terms

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Cogent Communications Holdings (FRA:OGM1) Business Description

Traded in Other Exchanges
Address
2450 N Street North West, Washington, DC, USA, 20037
Cogent carries over one fifth of the world's internet traffic over its network and is a broadband provider for businesses. Cogent's corporate customers are in high-rise office buildings; the firm provides them with two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for over half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the U.S.

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