GURUFOCUS.COM » STOCK LIST » Technology » Software » Block Inc (WBO:SQU) » Definitions » Cyclically Adjusted PB Ratio

Block (WBO:SQU) Cyclically Adjusted PB Ratio : 7.33 (As of May. 18, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Block Cyclically Adjusted PB Ratio?

As of today (2024-05-18), Block's current share price is €66.83. Block's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.12. Block's Cyclically Adjusted PB Ratio for today is 7.33.

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

WBO:SQU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.8   Med: 7.51   Max: 9.5
Current: 7.23

During the past years, Block's highest Cyclically Adjusted PB Ratio was 9.50. The lowest was 4.80. And the median was 7.51.

WBO:SQU's Cyclically Adjusted PB Ratio is ranked worse than
83.26% of 1344 companies
in the Software industry
Industry Median: 2.62 vs WBO:SQU: 7.23

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.

Block's adjusted book value per share data for the three months ended in Mar. 2024 was €28.284. 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 €9.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Block Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Block'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.

Block Cyclically Adjusted PB Ratio Chart

Block 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 - - - - 8.69

Block 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 - - 5.31 8.69 8.52

Competitive Comparison of Block's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Block'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.


Block's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Block 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=66.83/9.12
=7.33

* 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.

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

For example, Block'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)
=28.284/131.7762*131.7762
=28.284

Current CPI (Mar. 2024) = 131.7762.

Block Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 -0.688 99.070 -0.915
201503 0.000 99.621 0.000
201506 -0.698 100.684 -0.914
201509 -0.768 100.392 -1.008
201512 1.392 99.792 1.838
201603 1.192 100.470 1.563
201606 1.231 101.688 1.595
201609 1.294 101.861 1.674
201612 1.498 101.863 1.938
201703 1.572 102.862 2.014
201706 1.637 103.349 2.087
201709 1.586 104.136 2.007
201712 1.681 104.011 2.130
201803 1.641 105.290 2.054
201806 2.275 106.317 2.820
201809 2.332 106.507 2.885
201812 2.362 105.998 2.936
201903 2.354 107.251 2.892
201906 2.459 108.070 2.998
201909 2.645 108.329 3.217
201912 3.566 108.420 4.334
202003 3.729 108.902 4.512
202006 3.867 108.767 4.685
202009 3.912 109.815 4.694
202012 4.832 109.897 5.794
202103 4.276 111.754 5.042
202106 4.875 114.631 5.604
202109 5.458 115.734 6.215
202112 6.230 117.630 6.979
202203 27.284 121.301 29.640
202206 27.239 125.017 28.712
202209 27.932 125.227 29.393
202212 27.095 125.222 28.513
202303 27.009 127.348 27.948
202306 26.903 128.729 27.540
202309 27.235 129.860 27.637
202312 27.839 129.419 28.346
202403 28.284 131.776 28.284

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.


Block  (WBO:SQU) 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.


Block Cyclically Adjusted PB Ratio Related Terms

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


Block (WBO:SQU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Block Inc (WBO:SQU) » Definitions » Cyclically Adjusted PB Ratio
Address
1455 Market Street, Suite 600, San Francisco, CA, USA, 94103
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.

Block (WBO:SQU) Headlines

No Headlines