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CGI (GIB) Cyclically Adjusted Book per Share : $21.54 (As of Mar. 2024)


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What is CGI Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

CGI's adjusted book value per share for the three months ended in Mar. 2024 was $28.256. 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 $21.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CGI's average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of CGI was 23.30% per year. The lowest was 9.40% per year. And the median was 12.95% per year.

As of today (2024-06-08), CGI's current stock price is $101.32. CGI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $21.54. CGI's Cyclically Adjusted PB Ratio of today is 4.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CGI was 6.41. The lowest was 3.91. And the median was 5.08.


CGI Cyclically Adjusted Book per Share Historical Data

The historical data trend for CGI's Cyclically Adjusted Book per Share 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.

CGI Cyclically Adjusted Book per Share Chart

CGI Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.11 14.41 17.21 18.15 20.56

CGI Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 19.56 20.57 20.56 21.44 21.54

Competitive Comparison of CGI's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, CGI'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.


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

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

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



CGI Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, CGI'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)
=28.256/126.2576*126.2576
=28.256

Current CPI (Mar. 2024) = 126.2576.

CGI Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.188 99.473 18.008
201409 14.494 99.394 18.411
201412 14.411 98.367 18.497
201503 13.885 99.789 17.568
201506 14.947 100.500 18.778
201509 14.835 100.421 18.652
201512 15.087 99.947 19.059
201603 14.951 101.054 18.680
201606 15.574 102.002 19.278
201609 16.180 101.765 20.074
201612 15.842 101.449 19.716
201703 16.129 102.634 19.842
201706 16.892 103.029 20.700
201709 17.603 103.345 21.506
201712 17.823 103.345 21.775
201803 18.575 105.004 22.335
201806 18.209 105.557 21.780
201809 18.358 105.636 21.942
201812 18.726 105.399 22.432
201903 19.049 106.979 22.482
201906 18.638 107.690 21.851
201909 19.342 107.611 22.693
201912 19.987 107.769 23.416
202003 18.688 107.927 21.862
202006 19.776 108.401 23.034
202009 21.147 108.164 24.684
202012 21.934 108.559 25.510
202103 21.083 110.298 24.134
202106 22.039 111.720 24.907
202109 22.448 112.905 25.103
202112 22.375 113.774 24.830
202203 22.380 117.646 24.018
202206 22.838 120.806 23.869
202209 22.933 120.648 23.999
202212 24.354 120.964 25.420
202303 24.913 122.702 25.635
202306 26.325 124.203 26.760
202309 26.341 125.230 26.557
202312 27.563 125.072 27.824
202403 28.256 126.258 28.256

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


CGI  (NYSE:GIB) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

CGI's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=101.32/21.54
=4.70

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CGI was 6.41. The lowest was 3.91. And the median was 5.08.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


CGI Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of CGI's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


CGI (GIB) Business Description

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Address
1350 Rene-Levesque Boulevard West, 25th Floor, Montreal, QC, CAN, H3G 1T4
CGI Inc. is a Canada-based IT-services provider with an embedded position in North America and Europe. The company generates more than CAD 14 billion in annual revenue, employs over 90,000 personnel, and operates across 400 offices in 40 countries. CGI offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services, or BPS. The company's largest vertical market is government, which contributes more than a third of group revenue.