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Appulse (TSXV:APL) Cyclically Adjusted PB Ratio : 1.25 (As of May. 26, 2024)


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What is Appulse Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Appulse's current share price is C$0.45. Appulse's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$0.36. Appulse's Cyclically Adjusted PB Ratio for today is 1.25.

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

TSXV:APL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.68   Max: 1.77
Current: 1.24

During the past years, Appulse's highest Cyclically Adjusted PB Ratio was 1.77. The lowest was 0.29. And the median was 0.68.

TSXV:APL's Cyclically Adjusted PB Ratio is ranked better than
65.92% of 2089 companies
in the Industrial Products industry
Industry Median: 1.86 vs TSXV:APL: 1.24

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.

Appulse's adjusted book value per share data for the three months ended in Dec. 2023 was C$0.572. 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$0.36 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Appulse Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Appulse'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.

Appulse Cyclically Adjusted PB Ratio Chart

Appulse 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 0.68 1.73 1.07 0.73 1.04

Appulse Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.73 0.84 0.70 1.37 1.04

Competitive Comparison of Appulse's Cyclically Adjusted PB Ratio

For the Pollution & Treatment Controls subindustry, Appulse'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.


Appulse's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Appulse's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Appulse 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.

Appulse's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.45/0.36
=1.25

* 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.

Appulse's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Appulse's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.572/125.0724*125.0724
=0.572

Current CPI (Dec. 2023) = 125.0724.

Appulse Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.209 98.604 0.265
201406 0.211 99.473 0.265
201409 0.212 99.394 0.267
201412 0.217 98.367 0.276
201503 0.223 99.789 0.280
201506 0.226 100.500 0.281
201509 0.228 100.421 0.284
201512 0.230 99.947 0.288
201603 0.231 101.054 0.286
201606 0.237 102.002 0.291
201609 0.239 101.765 0.294
201612 0.237 101.449 0.292
201703 0.239 102.634 0.291
201706 0.241 103.029 0.293
201709 0.245 103.345 0.297
201712 0.244 103.345 0.295
201803 0.244 105.004 0.291
201806 0.250 105.557 0.296
201809 0.254 105.636 0.301
201812 0.257 105.399 0.305
201903 0.259 106.979 0.303
201906 0.275 107.690 0.319
201909 0.282 107.611 0.328
201912 0.317 107.769 0.368
202003 0.324 107.927 0.375
202006 0.356 108.401 0.411
202009 0.372 108.164 0.430
202012 0.394 108.559 0.454
202103 0.411 110.298 0.466
202106 0.436 111.720 0.488
202109 0.442 112.905 0.490
202112 0.448 113.774 0.492
202203 0.445 117.646 0.473
202206 0.450 120.806 0.466
202209 0.459 120.648 0.476
202212 0.464 120.964 0.480
202303 0.461 122.702 0.470
202306 0.478 124.203 0.481
202309 0.480 125.230 0.479
202312 0.572 125.072 0.572

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.


Appulse  (TSXV:APL) 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.


Appulse Cyclically Adjusted PB Ratio Related Terms

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


Appulse (TSXV:APL) Business Description

Traded in Other Exchanges
N/A
Address
3504 - 64 Avenue S.E., Calgary, AB, CAN, T2C 1P4
Appulse Corp along with its subsidiaries is engaged in selling new and refurbished centrifuge machines and parts. It provides maintenance services, consulting and design advice to industries throughout North America and internationally. The company also manufactures parts using state-of-the-art machining and milling equipment and provides machining services for equipment repairs. It generates a majority of its revenue from product and service sales. Geographically, the company gets a major share of revenue from Canada followed by the United States.
Executives
Laurie E. Gauthier Director

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