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PMC-Sierra (PMC-Sierra) Cyclically Adjusted Book per Share : $0.00 (As of Sep. 2015)


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What is PMC-Sierra 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.

PMC-Sierra's adjusted book value per share for the three months ended in Sep. 2015 was $2.960. 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 Sep. 2015.

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 (2024-05-05), PMC-Sierra's current stock price is $11.65. PMC-Sierra's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2015 was $0.00. PMC-Sierra's Cyclically Adjusted PB Ratio of today is .


PMC-Sierra Cyclically Adjusted Book per Share Historical Data

The historical data trend for PMC-Sierra'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.

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PMC-Sierra Cyclically Adjusted Book per Share Chart

PMC-Sierra Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted Book per Share
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PMC-Sierra Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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Competitive Comparison of PMC-Sierra's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, PMC-Sierra'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.


PMC-Sierra's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



PMC-Sierra 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, PMC-Sierra's adjusted Book Value per Share data for the three months ended in Sep. 2015 was:

Adj_Book= Book Value per Share /CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=2.96/100.3915*100.3915
=2.960

Current CPI (Sep. 2015) = 100.3915.

PMC-Sierra Quarterly Data

Book Value per Share CPI Adj_Book
200512 1.931 83.032 2.335
200603 1.935 84.298 2.304
200606 2.870 85.606 3.366
200609 2.859 85.606 3.353
200612 2.708 85.142 3.193
200703 2.713 86.640 3.144
200706 2.674 87.906 3.054
200709 2.683 87.964 3.062
200712 2.743 88.616 3.107
200803 2.666 90.090 2.971
200806 3.331 92.320 3.622
200809 3.389 92.307 3.686
200812 3.505 88.697 3.967
200903 3.529 89.744 3.948
200906 3.610 91.003 3.982
200909 3.774 91.120 4.158
200912 3.868 91.111 4.262
201003 4.013 91.821 4.388
201006 4.158 91.962 4.539
201009 4.295 92.162 4.679
201012 4.392 92.474 4.768
201103 4.403 94.283 4.688
201106 4.468 95.235 4.710
201109 4.652 95.727 4.879
201112 4.806 95.213 5.067
201203 4.703 96.783 4.878
201206 4.427 96.819 4.590
201209 3.079 97.633 3.166
201212 3.229 96.871 3.346
201303 3.171 98.209 3.241
201306 3.145 98.518 3.205
201309 3.150 98.790 3.201
201312 3.018 98.326 3.081
201403 3.023 99.695 3.044
201406 3.027 100.560 3.022
201409 3.072 100.428 3.071
201412 3.140 99.070 3.182
201503 3.072 99.621 3.096
201506 2.929 100.684 2.920
201509 2.960 100.392 2.960

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


PMC-Sierra  (NAS:PMCS) 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.


PMC-Sierra Cyclically Adjusted Book per Share Related Terms

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


PMC-Sierra (PMC-Sierra) Business Description

Industry
Traded in Other Exchanges
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Address
PMC-Sierra Inc was incorporated in the state of California in 1983 and reincorporated in the state of Delaware in 1997. The Company is a semiconductor and and software solution provider transforming networks that connect, move and store digital content. It designs, develops, markets and supports semiconductor solutions by integrating its mixed-signal, software and systems expertise through a network of offices in North America, Europe and Asia. The Company has approximately 700 different semiconductor devices that are sold to equipment and design manufacturers, who in turn supply their equipment principally to service providers, carriers and enterprises globally. The Company provides semiconductor solutions for its customers by leveraging its intellectual property, design expertise and systems knowledge across a range of applications and industry protocols. The Company derives its net revenues from the following operating segments: Communication Products, Enterprise Storage Products, Microprocessor Products, and Broadband Wireless Products. The Company operates in one reportable segment-semiconductor solutions for communications network infrastructure. Its semiconductor devices enable networking equipment primarily in the following three end market segments: Storage, Optical and Mobile networks. The Storage market segment is made up of enterprise storage equipment manufacturers and covers two broad areas: server storage, and stand-alone external storage systems. The Optical market segment refers to infrastructure suppliers of transport and access networks that use optical transport protocol and/or physical optical medium. The Mobile market segment is mainly infrastructure equipment suppliers, including base station and backhaul equipment, supporting the wireless transmission of content from and to mobile hand devices. The Company faces competition at the customer design stage when its customers are determining which semiconductor components to use in its equipment designs. The Company competes against peer-group semiconductor companies that engage in the communications and storage semiconductor business. These companies include the following: Altera Corp., Applied Micro Circuits Corp.; Broadcom Corp.; Cortina Systems, Inc.; Emulex Corp.; Exar Corp.; Infineon Technologies AG; Intel Corp.; Texas Instrument Inc; LSI Corp.; Maxim Integrated Products, Inc.; Marvell Technology Group Ltd.; Mindspeed Technologies, Inc.; QLogic Corp.; Vitesse Semiconductor; and Xilinx, Inc. The Company has a total of 597 U.S. and 80 foreign patents for circuit designs and other innovations used in the design and architecture of its products. In addition, it has 95 patent applications pending in the U.S. Patent and Trademark office. The Company's business is subject to or may be impacted by various environmental protection and social responsibility legal and customer requirements.
Executives
Alinka Flaminia officer: VP, General Counsel Corp. Sec. 3975 FREEDOM CIRCLE, SANTA CLARA CA 95054
David M Fein officer: VP of Worldwide Sales 1380 BORDEAUX DRIVE, SUNNYVALE CA 94089
William Kurtz director NOVELLUS SYSTEMS, INC., 4000 NORTH FIRST STREET, SAN JOSE CA 95134
Richard Belluzzo director C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035
Gregory S Lang director, officer: President and CEO C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Michael Farese director 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Michael Klayko director
Richard N Nottenburg director 1303 EAST ALGONQUIN ROAD, SCHAUMBURG IL 60196
Jonathan Judge director 895 EMERSON STREET, PALO ALTO CA 94301
Ralph V Whitworth 10 percent owner RELATIONAL INVESTORS LLC, 12400 HIGH BLUFF DRIVE, SUITE 600, SAN DIEGO CA 92130
Relational Investors Llc 10 percent owner 12400 HIGH BLUFF DRIVE, SUITE 600, SAN DIEGO CA 92130
Kirt P Karros director, 10 percent owner 12400 HIGH BLUFF DR. SUITE 600, SAN DIEGO CA 92130
James Diller other: Former Director 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Michael W Zellner other: Former VP Finance C/O CYAN, INC., 1383 N. MCDOWELL BLVD., SUITE 300, PETALUMA CA 94954
Frank Marshall other: Former Director 3975 FREEDOM CIRCLE, C/O PMC SIERRA INC, SANTA CLARA CA 95054

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