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Robert Walters (LSE:RWA) Cyclically Adjusted PB Ratio : 1.67 (As of May. 20, 2024)


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What is Robert Walters Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Robert Walters's current share price is £3.60. Robert Walters's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was £2.15. Robert Walters's Cyclically Adjusted PB Ratio for today is 1.67.

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

LSE:RWA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.67   Med: 4.07   Max: 7.15
Current: 1.67

During the past 13 years, Robert Walters's highest Cyclically Adjusted PB Ratio was 7.15. The lowest was 1.67. And the median was 4.07.

LSE:RWA's Cyclically Adjusted PB Ratio is ranked worse than
51.67% of 660 companies
in the Business Services industry
Industry Median: 1.58 vs LSE:RWA: 1.67

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.

Robert Walters's adjusted book value per share data of for the fiscal year that ended in Dec23 was £2.279. 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 £2.15 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Robert Walters Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Robert Walters'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.

Robert Walters Cyclically Adjusted PB Ratio Chart

Robert Walters 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 4.12 3.18 4.59 2.74 2.07

Robert Walters Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 4.59 - 2.74 - 2.07

Competitive Comparison of Robert Walters's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, Robert Walters'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.


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

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

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



Robert Walters 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.

Robert Walters's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.60/2.15
=1.67

* 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.

Robert Walters's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Robert Walters's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=2.279/130.5000*130.5000
=2.279

Current CPI (Dec23) = 130.5000.

Robert Walters Annual Data

Book Value per Share CPI Adj_Book
201412 1.004 99.900 1.312
201512 1.185 100.400 1.540
201612 1.334 102.200 1.703
201712 1.618 105.000 2.011
201812 2.020 107.100 2.461
201912 2.004 108.500 2.410
202012 2.225 109.400 2.654
202112 2.282 114.700 2.596
202212 2.457 125.300 2.559
202312 2.279 130.500 2.279

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.


Robert Walters  (LSE:RWA) 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.


Robert Walters Cyclically Adjusted PB Ratio Related Terms

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


Robert Walters (LSE:RWA) Business Description

Traded in Other Exchanges
Address
11 Slingsby Place, St Martin's Courtyard, London, GBR, WC2E 9AB
Robert Walters PLC is a specialist professional recruitment group. The company specialises in the placement of the highest calibre professionals across the disciplines of accountancy and finance, banking, engineering, HR, healthcare, IT, legal, sales, marketing, secretarial and support and supply chain, logistics and procurement. Its client base ranges from blue-chip corporates and financial services organisations to SMEs and start-ups. The Group's outsourcing division, Resource Solutions, is engaged in recruitment process outsourcing and managed services. Its geographical area of operation includes Asia Pacific, UK, Europe, and Other International. It generates the most of the revenue from the Asia Pacific.

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