GURUFOCUS.COM » STOCK LIST » Technology » Software » Amdocs Ltd (NAS:DOX) » Definitions » Cyclically Adjusted PB Ratio

DOX (Amdocs) Cyclically Adjusted PB Ratio : 2.87 (As of Jul. 03, 2025)


View and export this data going back to 1998. Start your Free Trial

What is Amdocs Cyclically Adjusted PB Ratio?

As of today (2025-07-03), Amdocs's current share price is $91.73. Amdocs's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $31.98. Amdocs's Cyclically Adjusted PB Ratio for today is 2.87.

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

DOX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.01   Med: 3   Max: 3.49
Current: 2.88

During the past years, Amdocs's highest Cyclically Adjusted PB Ratio was 3.49. The lowest was 2.01. And the median was 3.00.

DOX's Cyclically Adjusted PB Ratio is ranked worse than
52.1% of 1501 companies
in the Software industry
Industry Median: 2.7 vs DOX: 2.88

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.

Amdocs's adjusted book value per share data for the three months ended in Mar. 2025 was $31.117. 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 $31.98 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amdocs Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Amdocs'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.

Amdocs Cyclically Adjusted PB Ratio Chart

Amdocs Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.38 2.89 2.74 2.77 2.78

Amdocs Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.91 2.52 2.78 2.70 2.86

Competitive Comparison of Amdocs's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Amdocs'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.


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

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

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


;
;

Amdocs 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=91.73/31.98
=2.87

* 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.

Amdocs's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Amdocs's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=31.117/134.9266*134.9266
=31.117

Current CPI (Mar. 2025) = 134.9266.

Amdocs Quarterly Data

Book Value per Share CPI Adj_Book
201506 22.882 100.684 30.664
201509 22.539 100.392 30.293
201512 22.789 99.792 30.812
201603 23.203 100.470 31.160
201606 23.224 101.688 30.815
201609 23.472 101.861 31.091
201612 23.658 101.863 31.337
201703 24.260 102.862 31.822
201706 24.641 103.349 32.170
201709 24.753 104.136 32.072
201712 25.029 104.011 32.468
201803 24.998 105.290 32.034
201806 24.884 106.317 31.580
201809 24.604 106.507 31.169
201812 24.833 105.998 31.610
201903 25.162 107.251 31.655
201906 25.648 108.070 32.022
201909 25.969 108.329 32.345
201912 26.299 108.420 32.729
202003 26.489 108.902 32.819
202006 27.099 108.767 33.616
202009 27.541 109.815 33.839
202012 29.245 109.897 35.906
202103 28.234 111.754 34.088
202106 28.682 114.631 33.760
202109 28.772 115.734 33.543
202112 28.652 117.630 32.865
202203 28.994 121.301 32.251
202206 28.949 125.017 31.244
202209 29.110 125.227 31.365
202212 29.416 125.222 31.696
202303 29.824 127.348 31.599
202306 30.316 128.729 31.776
202309 30.028 129.860 31.200
202312 30.555 129.419 31.855
202403 30.577 131.776 31.308
202406 30.689 132.554 31.238
202409 30.622 133.029 31.059
202412 30.886 133.157 31.296
202503 31.117 134.927 31.117

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.


Amdocs  (NAS:DOX) 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.


Amdocs Cyclically Adjusted PB Ratio Related Terms

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


Amdocs Business Description

Industry
Traded in Other Exchanges
Address
625 Maryville Centre Drive, Suite 200, Saint Louis, MO, USA, 63141
Amdocs Ltd is a provider of software and services to communications, cable and satellite, entertainment, and media industry service providers. The Company and its subsidiaries operate in one operating segment, providing software products and services for the communications, entertainment and media industry service being designed, develop, market, support, implement, and operate its open and modular cloud offering. The company offers business support systems, operational support systems, and managed services. Geographically, it derives a majority of revenue from North America and also has a presence in Europe and the Rest of the world.