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Resources Connection (FRA:RCO) Cyclically Adjusted PB Ratio : 0.98 (As of May. 18, 2024)


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What is Resources Connection Cyclically Adjusted PB Ratio?

As of today (2024-05-18), Resources Connection's current share price is €10.40. Resources Connection's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was €10.57. Resources Connection's Cyclically Adjusted PB Ratio for today is 0.98.

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

FRA:RCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.7   Max: 2.18
Current: 1

During the past years, Resources Connection's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 0.96. And the median was 1.70.

FRA:RCO's Cyclically Adjusted PB Ratio is ranked better than
66.62% of 659 companies
in the Business Services industry
Industry Median: 1.56 vs FRA:RCO: 1.00

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.

Resources Connection's adjusted book value per share data for the three months ended in Feb. 2024 was €11.375. 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 €10.57 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Resources Connection Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Resources 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.

Resources Connection Cyclically Adjusted PB Ratio Chart

Resources Connection Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 1.17 1.47 1.72 1.36

Resources Connection Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.63 1.36 1.36 1.20 1.20

Competitive Comparison of Resources Connection's Cyclically Adjusted PB Ratio

For the Consulting Services subindustry, Resources 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.


Resources Connection's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

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

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



Resources 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.40/10.57
=0.98

* 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.

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

For example, Resources Connection's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=11.375/130.9299*130.9299
=11.375

Current CPI (Feb. 2024) = 130.9299.

Resources Connection Quarterly Data

Book Value per Share CPI Adj_Book
201405 6.597 100.373 8.605
201408 6.827 100.352 8.907
201411 7.313 99.635 9.610
201502 7.971 99.032 10.538
201505 8.175 100.333 10.668
201508 8.295 100.548 10.801
201511 8.684 100.135 11.355
201602 8.422 100.040 11.023
201605 8.361 101.355 10.801
201608 8.488 101.617 10.937
201611 7.466 101.829 9.600
201702 7.395 102.779 9.420
201705 7.266 103.256 9.213
201708 6.906 103.587 8.729
201711 7.110 104.072 8.945
201802 6.918 105.052 8.622
201805 7.194 106.148 8.874
201808 7.377 106.383 9.079
201811 7.695 106.338 9.475
201902 7.795 106.649 9.570
201905 7.992 108.048 9.685
201908 8.111 108.245 9.811
201911 8.455 108.519 10.201
202002 8.638 109.139 10.363
202005 8.663 108.175 10.485
202008 8.075 109.662 9.641
202011 8.007 109.793 9.548
202102 7.756 110.968 9.151
202105 8.247 113.576 9.507
202108 8.730 115.421 9.903
202111 9.196 117.269 10.267
202202 9.501 119.703 10.392
202205 10.614 123.323 11.269
202208 11.462 124.958 12.010
202211 11.729 125.607 12.226
202302 11.301 126.928 11.657
202305 11.392 128.314 11.624
202308 11.398 129.538 11.521
202311 11.406 129.548 11.528
202402 11.375 130.930 11.375

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.


Resources Connection  (FRA:RCO) 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.


Resources Connection Cyclically Adjusted PB Ratio Related Terms

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


Resources Connection (FRA:RCO) Business Description

Traded in Other Exchanges
Address
17101 Armstrong Avenue, Suite 100, Irvine, CA, USA, 92614
Resources Connection Inc provides consulting and business initiative support services primarily through its operative subsidiary, Resources Global Professionals. It has two segments RGP ( Resources Global Professionals.) and Other segments. The company offers transformation and improvement, financial reporting and analysis, strategy development, and program and project management services and support. Its clients operate in the accounting, finance, corporate governance, risk and compliance management, corporate advisory, strategic communications and restructuring, information management, human capital, supply chain management, and legal and regulatory sectors.

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