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GINSMS (TSXV:GOK) Cyclically Adjusted PB Ratio : (As of Jun. 09, 2024)


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What is GINSMS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GINSMS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GINSMS'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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GINSMS Cyclically Adjusted PB Ratio Chart

GINSMS Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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GINSMS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of GINSMS's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, GINSMS'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.


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

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

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



GINSMS 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.

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

For example, GINSMS'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)
=-0.013/126.2576*126.2576
=-0.013

Current CPI (Mar. 2024) = 126.2576.

GINSMS Quarterly Data

Book Value per Share CPI Adj_Book
201406 -0.077 99.473 -0.098
201409 -0.094 99.394 -0.119
201412 -0.110 98.367 -0.141
201503 -0.195 99.789 -0.247
201506 -0.211 100.500 -0.265
201509 -0.018 100.421 -0.023
201512 -0.023 99.947 -0.029
201603 -0.025 101.054 -0.031
201606 -0.027 102.002 -0.033
201609 -0.030 101.765 -0.037
201612 -0.033 101.449 -0.041
201703 -0.035 102.634 -0.043
201706 -0.030 103.029 -0.037
201709 -0.030 103.345 -0.037
201712 -0.033 103.345 -0.040
201803 -0.035 105.004 -0.042
201806 -0.036 105.557 -0.043
201809 -0.038 105.636 -0.045
201812 -0.040 105.399 -0.048
201903 -0.041 106.979 -0.048
201906 -0.042 107.690 -0.049
201909 -0.042 107.611 -0.049
201912 -0.043 107.769 -0.050
202003 -0.043 107.927 -0.050
202006 -0.044 108.401 -0.051
202009 -0.043 108.164 -0.050
202012 -0.043 108.559 -0.050
202103 -0.042 110.298 -0.048
202106 -0.040 111.720 -0.045
202109 -0.040 112.905 -0.045
202112 -0.040 113.774 -0.044
202203 -0.040 117.646 -0.043
202206 -0.039 120.806 -0.041
202209 -0.039 120.648 -0.041
202212 -0.012 120.964 -0.013
202303 -0.012 122.702 -0.012
202306 -0.012 124.203 -0.012
202309 -0.012 125.230 -0.012
202312 -0.013 125.072 -0.013
202403 -0.013 126.258 -0.013

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.


GINSMS  (TSXV:GOK) 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.


GINSMS Cyclically Adjusted PB Ratio Related Terms

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GINSMS (TSXV:GOK) Business Description

Traded in Other Exchanges
N/A
Address
700 9th Avenue SW, Suite 3000, Calgary, AB, CAN, T2P 3V4
GINSMS Inc is a Canada based investment holding company. Its principal activities are providing messaging services which include enabling mobile application developers, short message service gateway, enterprises and financial institution to deliver SMS worldwide without any upfront capital investment through the use of the corporation's application programming interface. It also provides software product and services. The company's revenue sources are A2P messaging service income and software products and service income. The company provides services to various countries that are Singapore, Indonesia, Other Asian countries, the US and other regions, of which key revenue is derived from Singapore.

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