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Quebecor (TSX:QBR.A) Cyclically Adjusted PB Ratio : 7.20 (As of Jun. 01, 2024)


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What is Quebecor Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Quebecor's current share price is C$29.01. Quebecor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$4.03. Quebecor's Cyclically Adjusted PB Ratio for today is 7.20.

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

TSX:QBR.A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.02   Med: 7   Max: 9.99
Current: 7.43

During the past years, Quebecor's highest Cyclically Adjusted PB Ratio was 9.99. The lowest was 2.02. And the median was 7.00.

TSX:QBR.A's Cyclically Adjusted PB Ratio is ranked worse than
94.46% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.5 vs TSX:QBR.A: 7.43

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.

Quebecor's adjusted book value per share data for the three months ended in Mar. 2024 was C$8.101. 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$4.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quebecor Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Quebecor'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.

Quebecor Cyclically Adjusted PB Ratio Chart

Quebecor 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 8.96 9.23 7.97 8.26 8.05

Quebecor 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 9.04 8.72 7.64 8.05 7.42

Competitive Comparison of Quebecor's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Quebecor'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.


Quebecor's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Quebecor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Quebecor 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.01/4.03
=7.20

* 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.

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

For example, Quebecor'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)
=8.101/126.2576*126.2576
=8.101

Current CPI (Mar. 2024) = 126.2576.

Quebecor Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.246 99.473 2.851
201409 2.380 99.394 3.023
201412 2.051 98.367 2.633
201503 2.166 99.789 2.741
201506 2.336 100.500 2.935
201509 1.584 100.421 1.992
201512 1.220 99.947 1.541
201603 1.390 101.054 1.737
201606 1.391 102.002 1.722
201609 1.281 101.765 1.589
201612 2.457 101.449 3.058
201703 1.768 102.634 2.175
201706 2.320 103.029 2.843
201709 2.997 103.345 3.661
201712 3.616 103.345 4.418
201803 3.366 105.004 4.047
201806 -1.801 105.557 -2.154
201809 -1.352 105.636 -1.616
201812 1.867 105.399 2.236
201903 2.377 106.979 2.805
201906 2.987 107.690 3.502
201909 3.566 107.611 4.184
201912 3.839 107.769 4.498
202003 4.228 107.927 4.946
202006 4.294 108.401 5.001
202009 4.349 108.164 5.076
202012 4.483 108.559 5.214
202103 4.903 110.298 5.612
202106 4.960 111.720 5.605
202109 5.205 112.905 5.821
202112 5.248 113.774 5.824
202203 5.606 117.646 6.016
202206 5.970 120.806 6.239
202209 5.945 120.648 6.221
202212 5.877 120.964 6.134
202303 6.142 122.702 6.320
202306 6.615 124.203 6.724
202309 7.260 125.230 7.320
202312 7.486 125.072 7.557
202403 8.101 126.258 8.101

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.


Quebecor  (TSX:QBR.A) 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.


Quebecor Cyclically Adjusted PB Ratio Related Terms

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


Quebecor (TSX:QBR.A) Business Description

Traded in Other Exchanges
Address
612, rue Saint-Jacques, Corporate secretariat, 18th floor, Montreal, QC, CAN, H3C 4M8
Quebecor primarily provides telecom services in Quebec, where it has roughly 1.7 million internet subscribers—equating to a penetration rate of about 50% in its footprint—and over 3 million mobile subscribers, including more than 20% wireless market share in Quebec. With the acquisition of Freedom Mobile in April 2023, Quebecor also has more than 1.5 million mobile subscribers in Ontario, British Columbia, and Alberta. Quebecor also offers a French-language subscription video on demand service and has a media segment that owns and operates television stations, publishes newspapers and magazines, and produces and distributes films and television shows. A very small portion of Quebecor's business engages in live event production and promotion and has ownership of live-event venues.

Quebecor (TSX:QBR.A) Headlines

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