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Spok Holdings (FRA:FQV) Cyclically Adjusted Book per Share : €13.76 (As of Mar. 2024)


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What is Spok Holdings Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Spok Holdings's adjusted book value per share for the three months ended in Mar. 2024 was €7.281. 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 €13.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Spok Holdings's average Cyclically Adjusted Book Growth Rate was -1.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Spok Holdings was 6.10% per year. The lowest was -4.40% per year. And the median was 1.60% per year.

As of today (2024-05-26), Spok Holdings's current stock price is €13.75. Spok Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €13.76. Spok Holdings's Cyclically Adjusted PB Ratio of today is 1.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Spok Holdings was 1.77. The lowest was 0.40. And the median was 1.06.


Spok Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Spok Holdings's Cyclically Adjusted Book per Share 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.

Spok Holdings Cyclically Adjusted Book per Share Chart

Spok Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.15 11.60 12.66 14.13 13.45

Spok Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 13.83 13.93 14.74 13.45 13.76

Competitive Comparison of Spok Holdings's Cyclically Adjusted Book per Share

For the Health Information Services subindustry, Spok Holdings'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.


Spok Holdings's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Spok Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Spok Holdings Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Spok Holdings'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)
=7.281/131.7762*131.7762
=7.281

Current CPI (Mar. 2024) = 131.7762.

Spok Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.355 100.560 12.259
201409 9.963 100.428 13.073
201412 10.297 99.070 13.696
201503 11.742 99.621 15.532
201506 11.336 100.684 14.837
201509 11.339 100.392 14.884
201512 14.485 99.792 19.127
201603 14.387 100.470 18.870
201606 14.322 101.688 18.560
201609 14.427 101.861 18.664
201612 14.876 101.863 19.245
201703 14.637 102.862 18.751
201706 13.882 103.349 17.700
201709 13.161 104.136 16.654
201712 12.192 104.011 15.447
201803 11.836 105.290 14.813
201806 12.364 106.317 15.325
201809 12.298 106.507 15.216
201812 12.447 105.998 15.474
201903 12.467 107.251 15.318
201906 12.362 108.070 15.074
201909 12.577 108.329 15.299
201912 11.802 108.420 14.344
202003 11.568 108.902 13.998
202006 11.468 108.767 13.894
202009 11.052 109.815 13.262
202012 8.507 109.897 10.201
202103 8.545 111.754 10.076
202106 8.342 114.631 9.590
202109 8.366 115.734 9.526
202112 7.753 117.630 8.685
202203 7.372 121.301 8.009
202206 7.503 125.017 7.909
202209 7.951 125.227 8.367
202212 8.045 125.222 8.466
202303 7.885 127.348 8.159
202306 7.704 128.729 7.886
202309 7.765 129.860 7.880
202312 7.512 129.419 7.649
202403 7.281 131.776 7.281

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Spok Holdings  (FRA:FQV) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Spok Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.75/13.76
=1.00

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Spok Holdings was 1.77. The lowest was 0.40. And the median was 1.06.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Spok Holdings Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Spok Holdings's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Spok Holdings (FRA:FQV) Business Description

Traded in Other Exchanges
Address
5911 Kingstown Village Parkway, 6th Floor, Alexandria, VA, USA, 22315
Spok Holdings Inc is a provider of healthcare communications. It reports three market segments namely Healthcare, Government, and Large enterprise. The company provides paging services and software solutions in the United States and abroad.

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