GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » FactSet Research Systems Inc (NYSE:FDS) » Definitions » Cyclically Adjusted PB Ratio

FactSet Research Systems (FactSet Research Systems) Cyclically Adjusted PB Ratio : 17.80 (As of May. 22, 2024)


View and export this data going back to 1996. Start your Free Trial

What is FactSet Research Systems Cyclically Adjusted PB Ratio?

As of today (2024-05-22), FactSet Research Systems's current share price is $449.91. FactSet Research Systems's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $25.27. FactSet Research Systems's Cyclically Adjusted PB Ratio for today is 17.80.

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

FDS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.07   Med: 16.54   Max: 27.38
Current: 17.81

During the past years, FactSet Research Systems's highest Cyclically Adjusted PB Ratio was 27.38. The lowest was 10.07. And the median was 16.54.

FDS's Cyclically Adjusted PB Ratio is ranked worse than
97.53% of 486 companies
in the Capital Markets industry
Industry Median: 1.18 vs FDS: 17.81

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.

FactSet Research Systems's adjusted book value per share data for the three months ended in Feb. 2024 was $47.261. 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 $25.27 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FactSet Research Systems Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FactSet Research Systems'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.

FactSet Research Systems Cyclically Adjusted PB Ratio Chart

FactSet Research Systems Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.26 23.21 22.22 21.38 18.55

FactSet Research Systems Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 19.04 16.99 18.55 18.71 18.31

Competitive Comparison of FactSet Research Systems's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, FactSet Research Systems'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.


FactSet Research Systems's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, FactSet Research Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



FactSet Research Systems 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.

FactSet Research Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=449.91/25.27
=17.80

* 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.

FactSet Research Systems's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, FactSet Research Systems's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=47.261/130.9299*130.9299
=47.261

Current CPI (Feb. 2024) = 130.9299.

FactSet Research Systems Quarterly Data

Book Value per Share CPI Adj_Book
201405 12.264 100.373 15.998
201408 12.229 100.352 15.955
201411 12.065 99.635 15.855
201502 12.709 99.032 16.803
201505 12.819 100.333 16.728
201508 12.866 100.548 16.754
201511 13.478 100.135 17.623
201602 13.194 100.040 17.268
201605 13.372 101.355 17.274
201608 12.922 101.617 16.650
201611 12.513 101.829 16.089
201702 12.513 102.779 15.940
201705 13.459 103.256 17.066
201708 14.343 103.587 18.129
201711 15.807 104.072 19.886
201802 15.724 105.052 19.597
201805 13.947 106.148 17.203
201808 13.770 106.383 16.947
201811 14.212 106.338 17.499
201902 15.735 106.649 19.317
201905 17.123 108.048 20.749
201908 17.636 108.245 21.332
201911 18.253 108.519 22.023
202002 18.937 109.139 22.718
202005 20.918 108.175 25.318
202008 23.570 109.662 28.141
202011 25.062 109.793 29.887
202102 25.907 110.968 30.567
202105 27.304 113.576 31.476
202108 27.020 115.421 30.651
202111 29.093 117.269 32.482
202202 32.098 119.703 35.109
202205 33.386 123.323 35.445
202208 34.996 124.958 36.669
202211 38.575 125.607 40.210
202302 41.947 126.928 43.270
202305 43.680 128.314 44.570
202308 42.601 129.538 43.059
202311 44.686 129.548 45.163
202402 47.261 130.930 47.261

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.


FactSet Research Systems  (NYSE:FDS) 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.


FactSet Research Systems Cyclically Adjusted PB Ratio Related Terms

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


FactSet Research Systems (FactSet Research Systems) Business Description

Traded in Other Exchanges
Address
45 Glover Avenue, 7th Floor, Norwalk, CT, USA, 06850
FactSet provides financial data and portfolio analytics to the Global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients account for 82% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software. In 2017, it acquired BISAM, a risk management and performance measurement provider. In 2022, it completed its purchase of CUSIP Global Services.
Executives
Frederick Philip Snow director, officer: Chief Executive Officer 45 GLOVER AVENUE, NORWALK CT 06850
Laurie Siegel director C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036
Katherine M Stepp officer: Chief Technology Officer (CTO) FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Rachel Rebecca Stern officer: EVP, Chief Legal Officer 45 GLOVER AVENUE, NORWALK CT 06850
Robert J. Robie officer: EVP, Head of Trading&Analytics 45 GLOVER AVENUE, NORWALK CT 06850
Christopher R Ellis officer: EVP, Initiatives & P'ships FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Malcolm Frank director FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Goran Skoko officer: EVP, Wealth Solutions 45 GLOVER AVENUE, NORWALK CT 06850
Kristina W Karnovsky officer: EVP, Chief Product Officer 45 GLOVER AVENUE, NORWALK CT 06850
John Costigan officer: Chief Content Officer FACTSET RESEARCH SYSTEMS, 45 GLOVER AVENUE, NORWALK CT 06850
Catrina Harding officer: Chief People Officer FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Jonathan Reeve officer: EVP, Senior Head of CTS 601 MAIN AVENUE, NORWALK CT 06851
Shlomo Elisha Wiesel director FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Sheila B Jordan director 601 MERRITT 7, NORWALK CT 06851
Joseph Zimmel director 601 MERRITT 7, NORWALK CT 06851

FactSet Research Systems (FactSet Research Systems) Headlines