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Silicom (Silicom) Cyclically Adjusted Book per Share : $23.29 (As of Sep. 2023)


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What is Silicom 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.

Silicom's adjusted book value per share for the three months ended in Sep. 2023 was $29.158. 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 $23.29 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Silicom's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Silicom was 19.60% per year. The lowest was -0.80% per year. And the median was 15.80% per year.

As of today (2024-05-01), Silicom's current stock price is $15.49. Silicom's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $23.29. Silicom's Cyclically Adjusted PB Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Silicom was 11.15. The lowest was 0.61. And the median was 2.92.


Silicom Cyclically Adjusted Book per Share Historical Data

The historical data trend for Silicom'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.

Silicom Cyclically Adjusted Book per Share Chart

Silicom Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.04 16.58 19.03 21.49 -

Silicom Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 21.49 22.18 22.75 23.29 -

Competitive Comparison of Silicom's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Silicom'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.


Silicom's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Silicom 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, Silicom's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=29.158/129.8595*129.8595
=29.158

Current CPI (Sep. 2023) = 129.8595.

Silicom Quarterly Data

Book Value per Share CPI Adj_Book
201312 12.702 98.326 16.776
201403 13.399 99.695 17.453
201406 12.830 100.560 16.568
201409 13.173 100.428 17.034
201412 13.954 99.070 18.291
201503 14.425 99.621 18.803
201506 13.759 100.684 17.746
201509 14.715 100.392 19.034
201512 15.432 99.792 20.082
201603 15.823 100.470 20.451
201606 15.310 101.688 19.551
201609 15.781 101.861 20.119
201612 16.445 101.863 20.965
201703 16.900 102.862 21.336
201706 16.453 103.349 20.673
201709 17.388 104.136 21.683
201712 18.650 104.011 23.285
201803 18.523 105.290 22.845
201806 18.929 106.317 23.121
201809 19.499 106.507 23.774
201812 20.921 105.998 25.631
201903 21.381 107.251 25.888
201906 21.718 108.070 26.097
201909 22.216 108.329 26.631
201912 22.162 108.420 26.544
202003 22.162 108.902 26.427
202006 22.011 108.767 26.279
202009 22.795 109.815 26.956
202012 22.442 109.897 26.519
202103 22.803 111.754 26.497
202106 22.776 114.631 25.802
202109 23.416 115.734 26.274
202112 23.618 117.630 26.074
202203 23.941 121.301 25.630
202206 24.789 125.017 25.749
202209 25.550 125.227 26.495
202212 26.607 125.222 27.592
202303 27.253 127.348 27.791
202306 27.901 128.729 28.146
202309 29.158 129.860 29.158

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


Silicom  (NAS:SILC) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.49/23.29
=0.67

* 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 Silicom was 11.15. The lowest was 0.61. And the median was 2.92.


Be Aware

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


Silicom Cyclically Adjusted Book per Share Related Terms

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


Silicom (Silicom) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Silicom Ltd (NAS:SILC) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
14 Atir Yeda Street, Kfar Sava, ISR, 4464323
Silicom Ltd designs and manufactures networking and data infrastructure solutions for various servers, server-based systems, and communications devices. Its product categories consist of Server Adapters; Edge Networking Solutions; FPGA Based Cards; x86 Open Appliances Bypass Switches and TAPs. Geographically, it derives a majority of its revenue from North America and also has a presence in Europe and Asia-Pacific.
Executives
Robert Mark Sussman 10 percent owner 5800 EAST STARLIGHT WAY, PARADISE VALLEY AZ 85253