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CDI (FRA:CDD) Cyclically Adjusted PB Ratio : (As of Jun. 06, 2024)


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What is CDI Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CDI Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CDI'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.

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CDI Cyclically Adjusted PB Ratio Chart

CDI Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted PB Ratio
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CDI Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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Competitive Comparison of CDI's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, CDI'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.


CDI's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CDI's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CDI 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.

CDI's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2017 is calculated as:

For example, CDI's adjusted Book Value per Share data for the three months ended in Jun. 2017 was:

Adj_Book=Book Value per Share/CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=8.368/103.3491*103.3491
=8.368

Current CPI (Jun. 2017) = 103.3491.

CDI Quarterly Data

Book Value per Share CPI Adj_Book
200709 11.670 87.964 13.711
200712 11.318 88.616 13.200
200803 10.748 90.090 12.330
200806 10.897 92.320 12.199
200809 11.558 92.307 12.941
200812 11.405 88.697 13.289
200903 11.614 89.744 13.375
200906 11.142 91.003 12.654
200909 9.034 91.120 10.246
200912 9.934 91.111 11.268
201003 10.510 91.821 11.830
201006 11.696 91.962 13.144
201009 10.969 92.162 12.301
201012 10.252 92.474 11.458
201103 9.691 94.283 10.623
201106 9.770 95.235 10.602
201109 10.173 95.727 10.983
201112 10.563 95.213 11.466
201203 10.634 96.783 11.355
201206 11.236 96.819 11.994
201209 11.199 97.633 11.855
201212 10.981 96.871 11.715
201303 11.118 98.209 11.700
201306 10.894 98.518 11.428
201309 10.913 98.790 11.417
201312 10.646 98.326 11.190
201403 10.468 99.695 10.852
201406 10.789 100.560 11.088
201409 11.359 100.428 11.689
201412 11.311 99.070 11.800
201503 12.574 99.621 13.045
201506 12.087 100.684 12.407
201509 10.944 100.392 11.266
201512 10.310 99.792 10.677
201603 10.070 100.470 10.359
201606 9.772 101.688 9.932
201609 9.132 101.861 9.265
201612 9.594 101.863 9.734
201703 9.155 102.862 9.198
201706 8.368 103.349 8.368

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.


CDI  (FRA:CDD) 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.


CDI Cyclically Adjusted PB Ratio Related Terms

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


CDI (FRA:CDD) Business Description

Industry
Traded in Other Exchanges
N/A
Address
CDI Corp. is a staffing firm that provides temporary and permanent workers mainly in the engineering, IT servicing, and construction markets. At the end of 2007 approximately 20% of the firm's revenue was derived from the U.K. construction market and had 1,400 worldwide employees with 11,000 temporary workers on assignment. Based in Philadelphia, Pa., CDI traces its roots back to 1950.

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