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CDW (CDW) Cyclically Adjusted PB Ratio : 28.33 (As of Apr. 28, 2024)


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What is CDW Cyclically Adjusted PB Ratio?

As of today (2024-04-28), CDW's current share price is $242.26. CDW's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.55. CDW's Cyclically Adjusted PB Ratio for today is 28.33.

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

CDW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 16.6   Max: 33.45
Current: 28.35

During the past years, CDW's highest Cyclically Adjusted PB Ratio was 33.45. The lowest was 1.60. And the median was 16.60.

CDW's Cyclically Adjusted PB Ratio is ranked worse than
97.05% of 1288 companies
in the Software industry
Industry Median: 2.495 vs CDW: 28.35

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.

CDW's adjusted book value per share data for the three months ended in Dec. 2023 was $15.231. 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 $8.55 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CDW Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CDW'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.

CDW Cyclically Adjusted PB Ratio Chart

CDW 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 30.47 24.56 31.33 24.37 26.60

CDW 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 24.37 25.28 22.80 24.22 26.60

Competitive Comparison of CDW's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, CDW'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.


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

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

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



CDW 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=242.26/8.55
=28.33

* 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.

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

For example, CDW'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)
=15.231/129.4194*129.4194
=15.231

Current CPI (Dec. 2023) = 129.4194.

CDW Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.388 99.695 5.696
201406 4.909 100.560 6.318
201409 5.195 100.428 6.695
201412 5.438 99.070 7.104
201503 5.655 99.621 7.347
201506 5.854 100.684 7.525
201509 6.358 100.392 8.196
201512 6.515 99.792 8.449
201603 6.283 100.470 8.093
201606 6.210 101.688 7.904
201609 6.171 101.861 7.841
201612 6.522 101.863 8.286
201703 5.742 102.862 7.224
201706 5.457 103.349 6.834
201709 5.273 104.136 6.553
201712 6.442 104.011 8.016
201803 6.563 105.290 8.067
201806 7.055 106.317 8.588
201809 7.692 106.507 9.347
201812 6.603 105.998 8.062
201903 6.338 107.251 7.648
201906 6.456 108.070 7.731
201909 6.498 108.329 7.763
201912 6.715 108.420 8.016
202003 6.252 108.902 7.430
202006 7.403 108.767 8.809
202009 8.673 109.815 10.221
202012 9.141 109.897 10.765
202103 8.335 111.754 9.653
202106 7.584 114.631 8.562
202109 6.145 115.734 6.872
202112 5.235 117.630 5.760
202203 6.611 121.301 7.053
202206 8.182 125.017 8.470
202209 9.800 125.227 10.128
202212 11.832 125.222 12.229
202303 11.621 127.348 11.810
202306 12.039 128.729 12.104
202309 13.507 129.860 13.461
202312 15.231 129.419 15.231

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.


CDW  (NAS:CDW) 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.


CDW Cyclically Adjusted PB Ratio Related Terms

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


CDW (CDW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » CDW Corp (NAS:CDW) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
Address
75 Tri-State International, Lincolnshire, Chicago, IL, USA, 60069
CDW Corp is a value-added reseller operating in the U.S. (95% of sales) and Canada (5%). The company has more than 100,000 products on its line of cards that range from notebooks to data center software. Roughly half of CDW's revenue comes from midsize and large businesses, with the remaining from small businesses, government agencies, education institutions, and health-care organizations.
Executives
Christina M Corley officer: See Remarks 780 AEC DRIVE, WOOD DALE IL 60191
Christine A Leahy officer: See Remarks
Kelly J Grier director 155 HARLEM AVE., GLENVIEW IL 60025
Donna F Zarcone director C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208
Marc Ellis Jones director C/O GARDNER DENVER HOLDINGS, INC., 222 EAST ERIE STREET, MILWAUKEE WI 53202
Carolyn Wiesenhahn officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Peter R Locy officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Miralles Albert Joseph Jr officer: See Remarks 151 N. FRANKLIN, CHICAGO IL 60606
Paul J Finnegan director, 10 percent owner PO BOX 2000, 3905 DAKOTA STREET SW, ALEXANDRIA MN 56308
Kebo Collin B. officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Frederick J. Kulevich officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Sanjay Mehrotra director C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Anthony R Foxx director 2710 WYCLIFF ROAD, RALEIGH NC 27607
Ilaria Mocciaro officer: See Remarks 2301 PATRIOT BLVD, GLENVIEW IL 60026
Matthew A. Troka officer: See Remarks 200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061

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