GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Perion Network Ltd (XTAE:PERI) » Definitions » Cyclically Adjusted PB Ratio

Perion Network (XTAE:PERI) Cyclically Adjusted PB Ratio : 1.11 (As of May. 26, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Perion Network Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Perion Network's current share price is ₪42.10. Perion Network's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₪38.06. Perion Network's Cyclically Adjusted PB Ratio for today is 1.11.

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

XTAE:PERI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.79   Max: 4.17
Current: 1.11

During the past years, Perion Network's highest Cyclically Adjusted PB Ratio was 4.17. The lowest was 0.19. And the median was 0.79.

XTAE:PERI's Cyclically Adjusted PB Ratio is ranked better than
62.75% of 298 companies
in the Interactive Media industry
Industry Median: 1.59 vs XTAE:PERI: 1.11

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.

Perion Network's adjusted book value per share data for the three months ended in Mar. 2024 was ₪55.521. 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 ₪38.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Perion Network Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Perion Network'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.

Perion Network Cyclically Adjusted PB Ratio Chart

Perion Network 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 0.53 1.05 1.82 2.02 3.01

Perion Network 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 3.16 3.09 3.12 3.01 2.18

Competitive Comparison of Perion Network's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Perion Network'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.


Perion Network's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Perion Network's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Perion Network 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.

Perion Network's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.10/38.06
=1.11

* 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.

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

For example, Perion Network'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)
=55.521/131.7762*131.7762
=55.521

Current CPI (Mar. 2024) = 131.7762.

Perion Network Quarterly Data

Book Value per Share CPI Adj_Book
201406 35.555 100.560 46.592
201409 39.931 100.428 52.395
201412 39.023 99.070 51.906
201503 40.617 99.621 53.727
201506 42.295 100.684 55.356
201509 29.722 100.392 39.014
201512 28.937 99.792 38.211
201603 28.426 100.470 37.283
201606 28.778 101.688 37.293
201609 29.660 101.861 38.371
201612 29.589 101.863 38.278
201703 29.300 102.862 37.536
201706 24.315 103.349 31.003
201709 24.776 104.136 31.352
201712 19.582 104.011 24.809
201803 19.696 105.290 24.651
201806 19.899 106.317 24.664
201809 20.208 106.507 25.002
201812 21.061 105.998 26.183
201903 21.199 107.251 26.047
201906 21.669 108.070 26.422
201909 22.040 108.329 26.810
201912 23.033 108.420 27.995
202003 23.179 108.902 28.048
202006 23.098 108.767 27.984
202009 23.348 109.815 28.017
202012 24.632 109.897 29.536
202103 27.095 111.754 31.949
202106 27.768 114.631 31.921
202109 28.862 115.734 32.863
202112 39.104 117.630 43.807
202203 40.135 121.301 43.601
202206 41.555 125.017 43.802
202209 44.163 125.227 46.473
202212 46.214 125.222 48.633
202303 48.161 127.348 49.836
202306 49.513 128.729 50.685
202309 52.388 129.860 53.161
202312 54.757 129.419 55.754
202403 55.521 131.776 55.521

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.


Perion Network  (XTAE:PERI) 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.


Perion Network Cyclically Adjusted PB Ratio Related Terms

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


Perion Network (XTAE:PERI) Business Description

Traded in Other Exchanges
Address
26 HaRokmim Street, Holon, ISR, 5885849
Perion Network Ltd is a technology company. It offers online advertising and searching solutions to brands, agencies, and publishers through desktop, mobile and social channels. Its products and services include Undertone, Codefuel, Make me reach, and Smilebox. The company earns prime revenue from search fees and online advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the group has a business presence in North America, Europe, and Other countries of which a majority of the revenue is derived from North America.

Perion Network (XTAE:PERI) Headlines

From GuruFocus