GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Barrett Business Services Inc (NAS:BBSI) » Definitions » Cyclically Adjusted PB Ratio

Barrett Business Services (Barrett Business Services) Cyclically Adjusted PB Ratio : 6.35 (As of Apr. 28, 2024)


View and export this data going back to 1993. Start your Free Trial

What is Barrett Business Services Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Barrett Business Services's current share price is $121.77. Barrett Business Services's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $19.19. Barrett Business Services's Cyclically Adjusted PB Ratio for today is 6.35.

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

BBSI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.25   Med: 5.75   Max: 10.82
Current: 6.35

During the past years, Barrett Business Services's highest Cyclically Adjusted PB Ratio was 10.82. The lowest was 2.25. And the median was 5.75.

BBSI's Cyclically Adjusted PB Ratio is ranked worse than
89.16% of 646 companies
in the Business Services industry
Industry Median: 1.53 vs BBSI: 6.35

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.

Barrett Business Services's adjusted book value per share data for the three months ended in Dec. 2023 was $30.301. 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 $19.19 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barrett Business Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Barrett Business 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.

Barrett Business Services Cyclically Adjusted PB Ratio Chart

Barrett Business 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 8.50 5.64 4.79 5.48 6.03

Barrett Business Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.48 5.01 4.76 4.79 6.03

Competitive Comparison of Barrett Business Services's Cyclically Adjusted PB Ratio

For the Staffing & Employment Services subindustry, Barrett Business 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.


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

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

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



Barrett Business 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.

Barrett Business Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=121.77/19.19
=6.35

* 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.

Barrett Business Services's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Barrett Business Services's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=30.301/129.4194*129.4194
=30.301

Current CPI (Dec. 2023) = 129.4194.

Barrett Business Services Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.493 99.695 12.323
201406 10.285 100.560 13.237
201409 4.801 100.428 6.187
201412 4.606 99.070 6.017
201503 4.493 99.621 5.837
201506 5.610 100.684 7.211
201509 7.011 100.392 9.038
201512 7.573 99.792 9.821
201603 6.332 100.470 8.156
201606 7.391 101.688 9.407
201609 8.611 101.861 10.941
201612 9.621 101.863 12.224
201703 7.935 102.862 9.984
201706 9.353 103.349 11.712
201709 11.050 104.136 13.733
201712 12.167 104.011 15.139
201803 10.324 105.290 12.690
201806 11.609 106.317 14.132
201809 13.539 106.507 16.452
201812 16.097 105.998 19.654
201903 16.177 107.251 19.521
201906 18.542 108.070 22.205
201909 21.373 108.329 25.534
201912 22.864 108.420 27.292
202003 21.489 108.902 25.538
202006 23.676 108.767 28.171
202009 25.806 109.815 30.413
202012 26.201 109.897 30.855
202103 24.422 111.754 28.282
202106 26.508 114.631 29.928
202109 27.666 115.734 30.937
202112 28.123 117.630 30.942
202203 25.391 121.301 27.090
202206 23.858 125.017 24.698
202209 24.614 125.227 25.438
202212 25.883 125.222 26.751
202303 25.511 127.348 25.926
202306 26.618 128.729 26.761
202309 27.272 129.860 27.180
202312 30.301 129.419 30.301

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.


Barrett Business Services  (NAS:BBSI) 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.


Barrett Business Services Cyclically Adjusted PB Ratio Related Terms

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


Barrett Business Services (Barrett Business Services) Business Description

Traded in Other Exchanges
Address
8100 NE Parkway Drive, Suite 200, Vancouver, WA, USA, 98662
Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll taxes services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees.
Executives
Joseph Stephen Clabby director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Anthony Meeker director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Thomas J Carley director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Jon L Justesen director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Alexandra Morehouse Mcreynolds director 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Gary Kramer officer: VP - Finance, Treas. & Sec. 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Diane L Dewbrey director FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Vincent P Price director 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
James B Hicks director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Carla A Moradi director 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
James R Potts officer: EVP Gen Counsel & Secretary 8100 NE PARKWAY DRIVE SUITE 200, VANCOUVER WA 98662
Anthony J Harris officer: Chief Financial Officer 8100 NE PARKWAY DRIVE SUITE 200, VANCOUVER WA 98662
Gerald Blotz officer: VP and COO--Field Operations 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Michael L Elich officer: VP and Chief Operating Officer 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Gregory R Vaughn officer: Vice President 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662