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Rogers Communications (TSX:RCI.B) Cyclically Adjusted PB Ratio : 2.92 (As of Jun. 10, 2024)


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What is Rogers Communications Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Rogers Communications's current share price is C$53.86. Rogers Communications's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$18.47. Rogers Communications's Cyclically Adjusted PB Ratio for today is 2.92.

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

TSX:RCI.B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.81   Med: 5.8   Max: 7.35
Current: 2.92

During the past years, Rogers Communications's highest Cyclically Adjusted PB Ratio was 7.35. The lowest was 2.81. And the median was 5.80.

TSX:RCI.B's Cyclically Adjusted PB Ratio is ranked worse than
77.43% of 288 companies
in the Telecommunication Services industry
Industry Median: 1.475 vs TSX:RCI.B: 2.92

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.

Rogers Communications's adjusted book value per share data for the three months ended in Mar. 2024 was C$19.969. 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 C$18.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rogers Communications Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Rogers Communications'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.

Rogers Communications Cyclically Adjusted PB Ratio Chart

Rogers Communications 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 5.65 4.69 4.16 3.82 3.43

Rogers Communications 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 3.67 3.44 2.91 3.43 3.00

Competitive Comparison of Rogers Communications's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Rogers Communications'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.


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

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

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



Rogers Communications 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.

Rogers Communications's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.86/18.47
=2.92

* 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.

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

For example, Rogers Communications'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)
=19.969/126.2576*126.2576
=19.969

Current CPI (Mar. 2024) = 126.2576.

Rogers Communications Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.951 99.473 12.630
201409 10.197 99.394 12.953
201412 10.648 98.367 13.667
201503 10.570 99.789 13.374
201506 10.623 100.500 13.346
201509 11.167 100.421 14.040
201512 10.949 99.947 13.831
201603 11.083 101.054 13.847
201606 11.511 102.002 14.248
201609 11.307 101.765 14.028
201612 12.206 101.449 15.191
201703 10.377 102.634 12.766
201706 11.208 103.029 13.735
201709 12.218 103.345 14.927
201712 14.561 103.345 17.789
201803 14.118 105.004 16.976
201806 14.462 105.557 17.298
201809 15.130 105.636 18.084
201812 15.887 105.399 19.031
201903 16.126 106.979 19.032
201906 17.218 107.690 20.187
201909 18.888 107.611 22.161
201912 18.648 107.769 21.847
202003 20.199 107.927 23.630
202006 19.751 108.401 23.004
202009 19.876 108.164 23.201
202012 18.959 108.559 22.050
202103 19.946 110.298 22.832
202106 20.003 111.720 22.606
202109 20.847 112.905 23.312
202112 20.859 113.774 23.148
202203 22.009 117.646 23.620
202206 21.423 120.806 22.390
202209 19.136 120.648 20.026
202212 19.987 120.964 20.862
202303 19.585 122.702 20.153
202306 21.874 124.203 22.236
202309 20.692 125.230 20.862
202312 19.697 125.072 19.884
202403 19.969 126.258 19.969

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.


Rogers Communications  (TSX:RCI.B) 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.


Rogers Communications Cyclically Adjusted PB Ratio Related Terms

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


Rogers Communications (TSX:RCI.B) Business Description

Traded in Other Exchanges
Address
333 Bloor Street East, 10th Floor, Toronto, ON, CAN, M4W 1G9
Rogers Communications is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Its wireless business accounted for more than half of total revenue and has increasingly been providing a bigger portion of total company sales over the last several years. Rogers' cable segment, which provides about 40% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and the Toronto Blue Jays. Rogers' significant exposure to sports also includes ownership stakes in the Toronto Maple Leafs, Raptors, FC, and Argonauts.

Rogers Communications (TSX:RCI.B) Headlines

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