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API Technologies (API Technologies) Cyclically Adjusted Book per Share : $0.00 (As of Feb. 2016)


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What is API Technologies 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.

API Technologies's adjusted book value per share for the three months ended in Feb. 2016 was $1.461. 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 $0.00 for the trailing ten years ended in Feb. 2016.

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.

As of today (2024-05-14), API Technologies's current stock price is $2.00. API Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2016 was $0.00. API Technologies's Cyclically Adjusted PB Ratio of today is .


API Technologies Cyclically Adjusted Book per Share Historical Data

The historical data trend for API Technologies'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.

API Technologies Cyclically Adjusted Book per Share Chart

API Technologies Annual Data
Trend Jan06 May07 May08 May09 May10 May11 Nov12 Nov13 Nov14 Nov15
Cyclically Adjusted Book per Share
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API Technologies Quarterly Data
May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16
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Competitive Comparison of API Technologies's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, API Technologies'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.


API Technologies's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



API Technologies 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, API Technologies's adjusted Book Value per Share data for the three months ended in Feb. 2016 was:

Adj_Book= Book Value per Share /CPI of Feb. 2016 (Change)*Current CPI (Feb. 2016)
=1.461/100.0397*100.0397
=1.461

Current CPI (Feb. 2016) = 100.0397.

API Technologies Quarterly Data

Book Value per Share CPI Adj_Book
200604 1.394 85.015 1.640
200607 1.310 85.859 1.526
200610 1.237 85.142 1.453
200702 4.374 85.858 5.096
200705 3.637 87.736 4.147
200708 3.603 87.722 4.109
200711 3.727 88.676 4.205
200802 3.443 89.316 3.856
200805 2.949 91.399 3.228
200808 3.030 92.435 3.279
200811 2.726 89.624 3.043
200902 2.579 89.527 2.882
200905 2.393 90.228 2.653
200908 2.311 91.063 2.539
200911 2.141 91.272 2.347
201002 2.298 91.445 2.514
201005 2.306 92.052 2.506
201008 2.427 92.108 2.636
201011 2.271 92.315 2.461
201102 4.838 93.373 5.183
201105 4.919 95.337 5.162
201108 5.206 95.582 5.449
201111 5.158 95.449 5.406
201202 5.189 96.053 5.404
201205 3.231 96.961 3.334
201208 2.741 97.199 2.821
201211 2.071 97.133 2.133
201302 1.795 97.953 1.833
201305 2.391 98.282 2.434
201308 2.514 98.675 2.549
201311 2.390 98.334 2.431
201402 2.324 99.057 2.347
201405 2.056 100.373 2.049
201408 2.042 100.352 2.036
201411 1.999 99.635 2.007
201502 1.954 99.032 1.974
201505 1.878 100.333 1.873
201508 1.767 100.548 1.758
201511 1.590 100.135 1.588
201602 1.461 100.040 1.461

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


API Technologies  (NAS:ATNY) 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.


Be Aware

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


API Technologies Cyclically Adjusted Book per Share Related Terms

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


API Technologies (API Technologies) Business Description

Industry
Traded in Other Exchanges
N/A
Address
API Technologies Corp was incorporated on February 2, 1999 under the laws of the State of Delaware under the name Rubicon Ventures Inc. On November 6, 2006, API changed its name to "API Nanotronics Corp," and subsequently changed its name to API Technologies Corp. on October 22, 2009. The Company through its three business segments-Systems, Subsystems & Components, Electronic Manufacturing Services and Secure Systems & Information Assurance. It designs, develops and manufactures systems, subsystems, RF and secure solutions, as well as provides electronics manufacturing and high-quality engineering services for technically demanding, high-reliability applications. Solutions areas include systems, subsystems and components which includes RF/microwave and microelectronics products, electromagnetics, power and systems solutions products, and sensors, Secure Systems and Information Assurance includes TEMPEST and emanation security, rugged communications products, encryption, and secure networking products and Electronics Manufacturing Services, which involves the production of circuit card assemblies, electromechanical assemblies, and box builds used in defense, industrial and commercial applications. The Company also operates several manufacturing facilities throughout North America, the United Kingdom, Mexico and China. Its customer base spans defense, aerospace, industrial, communications, medical, and government agencies, including the governments of the United States, Canada, the United Kingdom, & other countries. The Company is subject to federal contracting laws and regulations, including the U.S. Federal Acquisition Regulation (FAR) and the False Claims Act.
Executives
Robert Tavares director, officer: President and CEO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Eric F. Seeton officer: Chief Financial Officer 103 HILL STREET, SHREWSBURY MA 01545
Melvin L Keating director 18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039
Steel Excel Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings L.p. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Kenneth J Krieg director 7111 XAVIER COURT, MCLEAN VA 22101
Matthew E Avril director C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 1111 WESTCHESTER AVE, WHITE PLAINS NY 10604
Claudio A Mannarino officer: Sr VP & CFO 229 COLONNADE ROAD, NEPEAN A6 K2E 7K3
Senator Investment Group Lp 10 percent owner 510 MADISON AVENUE, 28TH FLOOR, NEW YORK NY 10022
Douglas Silverman 10 percent owner C/O SENATOR INVESTMENT GROUP LP 510 MADISON AVENUE, 28TH FLOOR NEW YORK NY 10022
Bel Lazar officer: President & CEO 4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Jason Dezwirek other: Former Dir, Sec & 10% owner 2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4

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