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Boyd Group Services (TSX:BYD) Cyclically Adjusted PB Ratio : 7.07 (As of May. 19, 2024)


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What is Boyd Group Services Cyclically Adjusted PB Ratio?

As of today (2024-05-19), Boyd Group Services's current share price is C$234.01. Boyd Group Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$33.11. Boyd Group Services's Cyclically Adjusted PB Ratio for today is 7.07.

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

TSX:BYD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.69   Med: 14.54   Max: 20.71
Current: 7.07

During the past years, Boyd Group Services's highest Cyclically Adjusted PB Ratio was 20.71. The lowest was 5.69. And the median was 14.54.

TSX:BYD's Cyclically Adjusted PB Ratio is ranked worse than
87.5% of 56 companies
in the Personal Services industry
Industry Median: 1.745 vs TSX:BYD: 7.07

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.

Boyd Group Services's adjusted book value per share data for the three months ended in Mar. 2024 was C$52.358. 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 C$33.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boyd Group Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Boyd Group Services'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.

Boyd Group Services Cyclically Adjusted PB Ratio Chart

Boyd Group Services 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 16.62 13.69 9.61 7.98 8.79

Boyd Group Services 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 7.80 8.66 7.89 8.79 8.65

Competitive Comparison of Boyd Group Services's Cyclically Adjusted PB Ratio

For the Personal Services subindustry, Boyd Group Services'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.


Boyd Group Services's Cyclically Adjusted PB Ratio Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Boyd Group Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Boyd Group Services 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.

Boyd Group Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=234.01/33.11
=7.07

* 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.

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

For example, Boyd Group Services'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)
=52.358/126.2576*126.2576
=52.358

Current CPI (Mar. 2024) = 126.2576.

Boyd Group Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.623 99.473 5.868
201409 8.443 99.394 10.725
201412 8.257 98.367 10.598
201503 9.142 99.789 11.567
201506 9.272 100.500 11.648
201509 10.510 100.421 13.214
201512 10.885 99.947 13.750
201603 13.681 101.054 17.093
201606 14.212 102.002 17.592
201609 14.660 101.765 18.188
201612 15.411 101.449 19.180
201703 16.113 102.634 19.822
201706 15.733 103.029 19.280
201709 17.772 103.345 21.712
201712 22.888 103.345 27.963
201803 24.229 105.004 29.133
201806 25.153 105.557 30.086
201809 25.742 105.636 30.767
201812 28.419 105.399 34.043
201903 28.411 106.979 33.531
201906 28.724 107.690 33.676
201909 29.327 107.611 34.409
201912 30.987 107.769 36.303
202003 35.106 107.927 41.068
202006 42.069 108.401 48.999
202009 42.158 108.164 49.210
202012 42.454 108.559 49.375
202103 42.102 110.298 48.194
202106 41.546 111.720 46.952
202109 42.662 112.905 47.707
202112 43.304 113.774 48.055
202203 42.943 117.646 46.087
202206 43.746 120.806 45.720
202209 45.516 120.648 47.632
202212 47.236 120.964 49.303
202303 48.771 122.702 50.184
202306 49.071 124.203 49.883
202309 50.918 125.230 51.336
202312 51.754 125.072 52.244
202403 52.358 126.258 52.358

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.


Boyd Group Services  (TSX:BYD) 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.


Boyd Group Services Cyclically Adjusted PB Ratio Related Terms

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


Boyd Group Services (TSX:BYD) Business Description

Traded in Other Exchanges
Address
1745 Ellice Avenue, Unit C1, Winnipeg, MB, CAN, R3H 1A6
Boyd Group Services Inc is engaged in operating non-franchised collision repair centers in North America. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a retail auto glass operator in the United States, under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com. In addition, the Company operates a third-party administrator, Gerber National Claims Services (GNCS), that offers glass, emergency roadside, and first notice of loss services.

Boyd Group Services (TSX:BYD) Headlines