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Issuer Direct (Issuer Direct) Cyclically Adjusted PB Ratio : 1.41 (As of May. 24, 2024)


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What is Issuer Direct Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Issuer Direct's current share price is $9.85. Issuer Direct's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.98. Issuer Direct's Cyclically Adjusted PB Ratio for today is 1.41.

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

ISDR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.42   Med: 5.28   Max: 11.48
Current: 1.42

During the past years, Issuer Direct's highest Cyclically Adjusted PB Ratio was 11.48. The lowest was 1.42. And the median was 5.28.

ISDR's Cyclically Adjusted PB Ratio is ranked better than
70.56% of 1352 companies
in the Software industry
Industry Median: 2.615 vs ISDR: 1.42

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.

Issuer Direct's adjusted book value per share data for the three months ended in Mar. 2024 was $9.216. 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 $6.98 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Issuer Direct Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Issuer Direct'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.

Issuer Direct Cyclically Adjusted PB Ratio Chart

Issuer Direct 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 3.76 4.66 6.19 4.32 2.71

Issuer Direct 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 3.46 2.97 2.87 2.71 1.85

Competitive Comparison of Issuer Direct's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Issuer Direct'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.


Issuer Direct's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Issuer Direct 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.

Issuer Direct's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.85/6.98
=1.41

* 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.

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

For example, Issuer Direct'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)
=9.216/131.7762*131.7762
=9.216

Current CPI (Mar. 2024) = 131.7762.

Issuer Direct Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.268 100.560 2.972
201409 2.367 100.428 3.106
201412 2.593 99.070 3.449
201503 2.754 99.621 3.643
201506 2.872 100.684 3.759
201509 3.168 100.392 4.158
201512 3.073 99.792 4.058
201603 3.291 100.470 4.316
201606 3.479 101.688 4.508
201609 3.517 101.861 4.550
201612 3.697 101.863 4.783
201703 3.782 102.862 4.845
201706 3.950 103.349 5.036
201709 4.055 104.136 5.131
201712 4.382 104.011 5.552
201803 4.482 105.290 5.609
201806 4.685 106.317 5.807
201809 6.948 106.507 8.596
201812 6.701 105.998 8.331
201903 6.746 107.251 8.289
201906 6.818 108.070 8.314
201909 6.884 108.329 8.374
201912 6.893 108.420 8.378
202003 6.947 108.902 8.406
202006 7.090 108.767 8.590
202009 7.313 109.815 8.775
202012 7.463 109.897 8.949
202103 7.568 111.754 8.924
202106 7.841 114.631 9.014
202109 8.144 115.734 9.273
202112 8.335 117.630 9.337
202203 8.486 121.301 9.219
202206 8.048 125.017 8.483
202209 8.099 125.227 8.523
202212 8.764 125.222 9.223
202303 8.815 127.348 9.122
202306 9.235 128.729 9.454
202309 9.389 129.860 9.528
202312 9.284 129.419 9.453
202403 9.216 131.776 9.216

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.


Issuer Direct  (AMEX:ISDR) 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.


Issuer Direct Cyclically Adjusted PB Ratio Related Terms

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


Issuer Direct (Issuer Direct) Business Description

Industry
Traded in Other Exchanges
Address
One Glenwood Avenue, Suite 1001, Raleigh, NC, USA, 27603
Issuer Direct Corp is a communications and compliance company. It focuses on the needs of corporate issuers. It provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies. The company serves a diverse range of client base in the financial services industry, including brokerage firms, banks, mutual funds, accounting and the legal communities. Its current brands and products include the following: Issuer Direct, Accesswire, Investor Network, Blueprint, Classify, iProxy Direct, iR Direct and annual report service. Its primary geographic markets are North America and Europe of which North America contributes the vast majority of total revenue.
Executives
Brian R Balbirnie director, 10 percent owner, officer: Chairman & CEO C/O ISSUER DIRECT CORP., 500 PERIMETER PARK DRIVE, SUITE D, MORRISVILLE NC 27560
J. Patrick Galleher director 11 S. 12TH STREET, RICHMOND VA 23219
William H Everett director 6 ARROWWOOD LANE, ANDOVER MA 01810
Steven Winfield Knerr officer: Chief Financial Officer 500 PERIMETER PARK DRIVE, SUITE D, MORRISVILLE NC 27560
Timothy Pitoniak officer: Chief Financial Officer 8651 10TH ST N, APT 132, ST. PETERSBURG FL 33702
Marti Beller Lazear director 1000 CENTRAL AVENUE, ST. PETERSBURG FL 33705
Graeme P. Rein director 221 WILCOX ST, SUITE A, CASTLE ROCK CO 80104
Eric Alan Frank director 23 WASHINGTON AVENUE, IRVINGTON NY 10533
Michael Joseph Nowlan director 336 GLENGARRY AVE., NORTH YORK A6 M5M1E6
Red Oak Partners, Llc 10 percent owner 95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432
Wesley T Pollard officer: Chief Financial Officer 10109 SPORTING CLUB DR, RALEIGH NC 27617
James Michael 10 percent owner 5321 RIDGELOCH PLACE, RALEIGH NC 27612
David Sandberg director 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432
Andre Boisvert director 46939 BAYSIDE PKWY, FREMONT CA 94538
Lori A Jones officer: Chief Executive Officer 8310 N. NEW BRAUNFELS, SUITE 205, SAN ANTONIO TX 78217