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Totvs (BSP:TOTS3) Cyclically Adjusted PB Ratio : 5.77 (As of Jun. 07, 2024)


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What is Totvs Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Totvs's current share price is R$28.96. Totvs's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$5.02. Totvs's Cyclically Adjusted PB Ratio for today is 5.77.

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

BSP:TOTS3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.19   Med: 6.49   Max: 11.48
Current: 5.64

During the past years, Totvs's highest Cyclically Adjusted PB Ratio was 11.48. The lowest was 3.19. And the median was 6.49.

BSP:TOTS3's Cyclically Adjusted PB Ratio is ranked worse than
79.31% of 1416 companies
in the Software industry
Industry Median: 2.54 vs BSP:TOTS3: 5.64

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.

Totvs's adjusted book value per share data for the three months ended in Dec. 2023 was R$7.818. 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 R$5.02 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Totvs Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Totvs'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.

Totvs Cyclically Adjusted PB Ratio Chart

Totvs 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 7.63 9.00 7.43 6.26 6.71

Totvs 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 6.26 6.12 6.34 5.55 6.71

Competitive Comparison of Totvs's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Totvs'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.


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

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

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



Totvs 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.96/5.02
=5.77

* 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.

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

For example, Totvs'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)
=7.818/157.1481*157.1481
=7.818

Current CPI (Dec. 2023) = 157.1481.

Totvs Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.076 90.447 3.607
201406 2.201 91.838 3.766
201409 2.283 92.602 3.874
201412 2.287 94.194 3.816
201503 2.260 97.799 3.631
201506 2.412 100.006 3.790
201509 2.457 101.392 3.808
201512 2.513 104.247 3.788
201603 2.586 106.979 3.799
201606 2.505 108.851 3.616
201609 2.500 109.986 3.572
201612 2.481 110.802 3.519
201703 2.538 111.869 3.565
201706 2.598 112.115 3.642
201709 2.570 112.777 3.581
201712 2.562 114.068 3.530
201803 2.608 114.868 3.568
201806 2.684 117.038 3.604
201809 2.700 117.881 3.599
201812 2.613 118.340 3.470
201903 2.650 120.124 3.467
201906 4.194 120.977 5.448
201909 4.301 121.292 5.572
201912 4.320 123.436 5.500
202003 4.417 124.092 5.594
202006 4.423 123.557 5.625
202009 4.508 125.095 5.663
202012 4.575 129.012 5.573
202103 4.749 131.660 5.668
202106 4.776 133.871 5.606
202109 6.887 137.913 7.848
202112 6.961 141.992 7.704
202203 7.085 146.537 7.598
202206 0.000 149.784 0.000
202209 7.333 147.800 7.797
202212 7.113 150.207 7.442
202303 7.156 153.352 7.333
202306 7.280 154.519 7.404
202309 7.805 155.464 7.890
202312 7.818 157.148 7.818

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.


Totvs  (BSP:TOTS3) 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.


Totvs Cyclically Adjusted PB Ratio Related Terms

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


Totvs (BSP:TOTS3) Business Description

Industry
Traded in Other Exchanges
Address
Avenida Braz Leme, Sao Paulo, SP, BRA, 1000
Totvs SA is a provider of information technology solutions to small and medium enterprises in the education, government, healthcare, and retail end markets. Its primary product offerings are enterprise resource planning applications with modules for management, finance, operations, human resources, and client services. The company's segment includes Management; Business Performance and Techfin. It generates maximum revenue from the Management segment.

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