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Corpay (STU:07G0) Cyclically Adjusted PB Ratio : 6.37 (As of May. 22, 2024)


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What is Corpay Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Corpay's current share price is €253.00. Corpay's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €39.72. Corpay's Cyclically Adjusted PB Ratio for today is 6.37.

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

STU:07G0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.39   Med: 8.03   Max: 12.41
Current: 6.37

During the past years, Corpay's highest Cyclically Adjusted PB Ratio was 12.41. The lowest was 4.39. And the median was 8.03.

STU:07G0's Cyclically Adjusted PB Ratio is ranked worse than
81.26% of 1350 companies
in the Software industry
Industry Median: 2.61 vs STU:07G0: 6.37

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.

Corpay's adjusted book value per share data for the three months ended in Mar. 2024 was €41.896. 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 €39.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Corpay Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Corpay'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.

Corpay Cyclically Adjusted PB Ratio Chart

Corpay 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 11.06 9.28 6.51 4.76 6.67

Corpay Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.29 6.13 6.09 6.67 7.05

Competitive Comparison of Corpay's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Corpay'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.


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

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

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



Corpay 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=253.00/39.72
=6.37

* 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.

Corpay's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Corpay'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)
=41.896/131.7762*131.7762
=41.896

Current CPI (Mar. 2024) = 131.7762.

Corpay Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.076 100.560 17.135
201409 14.433 100.428 18.938
201412 23.168 99.070 30.817
201503 27.986 99.621 37.019
201506 28.170 100.684 36.869
201509 28.642 100.392 37.596
201512 28.124 99.792 37.138
201603 28.990 100.470 38.023
201606 29.643 101.688 38.414
201609 30.529 101.861 39.495
201612 31.835 101.863 41.184
201703 33.868 102.862 43.388
201706 32.988 103.349 42.062
201709 32.137 104.136 40.667
201712 34.594 104.011 43.829
201803 35.177 105.290 44.026
201806 33.310 106.317 41.287
201809 34.438 106.507 42.609
201812 34.201 105.998 42.519
201903 36.256 107.251 44.547
201906 39.306 108.070 47.928
201909 40.814 108.329 49.648
201912 39.142 108.420 47.574
202003 30.208 108.902 36.553
202006 31.341 108.767 37.971
202009 29.907 109.815 35.888
202012 32.966 109.897 39.529
202103 33.227 111.754 39.180
202106 35.060 114.631 40.304
202109 33.237 115.734 37.844
202112 32.155 117.630 36.022
202203 34.099 121.301 37.044
202206 33.483 125.017 35.293
202209 30.509 125.227 32.105
202212 32.706 125.222 34.418
202303 36.463 127.348 37.731
202306 40.732 128.729 41.696
202309 39.703 129.860 40.289
202312 41.970 129.419 42.734
202403 41.896 131.776 41.896

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.


Corpay  (STU:07G0) 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.


Corpay Cyclically Adjusted PB Ratio Related Terms

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


Corpay (STU:07G0) Business Description

Industry
Traded in Other Exchanges
Address
3280 Peachtree Road, Suite 2400, Atlanta, GA, USA, 30305
Fleetcor Technologies Inc is a provider of specialised payment products. The company offers fleet cards, food cards, corporate lodging discount cards, and other specialised payment services. Fleetcor's systems enable its customers to manage and control their commercial payments and loyalty-card programmes. Customers include commercial fleet operators, major oil companies, petroleum marketers, and government entities. Further, Fleetcor offers customised analysis solutions to its clients, offering business productivity tracking capabilities. United States is the largest geographic operating segment.

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