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Exact Holding NV (XAMS:EXACT) Cyclically Adjusted PB Ratio : (As of Jun. 09, 2024)


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What is Exact Holding NV Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Exact Holding NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Exact Holding NV'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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Exact Holding NV Cyclically Adjusted PB Ratio Chart

Exact Holding NV Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PB Ratio
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Exact Holding NV Semi-Annual Data
Dec01 Dec02 Dec05 Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
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Competitive Comparison of Exact Holding NV's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Exact Holding NV'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.


Exact Holding NV's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Exact Holding NV 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.

Exact Holding NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec14 is calculated as:

For example, Exact Holding NV's adjusted Book Value per Share data for the fiscal year that ended in Dec14 was:

Adj_Book=Book Value per Share/CPI of Dec14 (Change)*Current CPI (Dec14)
=5.007/99.0500*99.0500
=5.007

Current CPI (Dec14) = 99.0500.

Exact Holding NV Annual Data

Book Value per Share CPI Adj_Book
200512 7.410 84.980 8.637
200612 7.603 85.790 8.778
200712 6.780 87.390 7.685
200812 5.653 89.090 6.285
200912 5.994 90.080 6.591
201012 6.359 91.820 6.860
201112 4.669 94.040 4.918
201212 4.154 96.760 4.252
201312 4.487 98.360 4.518
201412 5.007 99.050 5.007

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.


Exact Holding NV  (XAMS:EXACT) 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.


Exact Holding NV Cyclically Adjusted PB Ratio Related Terms

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Exact Holding NV (XAMS:EXACT) Business Description

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Exact Holding NV was founded in 1984. The Company is a supplier of enterprise resource planning and accounting software for small and medium sized businesses. It develops industry-specific software and offer these as on-premises, software-as-a-service and true cloud solutions. Its products include Exact Globe Next, an ERP software that structures business processes on a single platform and consolidates information flows; Exact Synergy, a Web-based solution, which unites processes, and connects information in the areas of employees, customers, and financial transactions; Exact Financials; and Exact Online, a business software that provides possibilities for collaboration and advice between accountants and their customers. The Company's solutions also include Exact JobBOSS, shop management software for job shops, and custom, contract and high-tech manufacturers in the Americas; Exact Dimoni, ERP solution engaged in financial, commercial and industrial management in Spain; Exact Macola, an integrated ERP solution designed for the manufacturing and distribution sectors in the Americas; Exact ProAcc, an ERP solution for the Belgian SMB market running on MS Windows, MacOS and via internet; Exact Business Analytics, analytical software that empowers people to intelligently interpret and analyze business data to make better decisions; and Exact Event Manager, a business activity monitoring, alerting, and automation tool, among others.

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