GURUFOCUS.COM » STOCK LIST » Technology » Hardware » American Science & Engineering Inc (NAS:ASEI) » Definitions » Cyclically Adjusted PB Ratio

American Science & Engineering (American Science & Engineering) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


View and export this data going back to 1984. Start your Free Trial

What is American Science & Engineering Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


American Science & Engineering Cyclically Adjusted PB Ratio Historical Data

The historical data trend for American Science & Engineering'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.

American Science & Engineering Cyclically Adjusted PB Ratio Chart

American Science & Engineering Annual Data
Trend Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

American Science & Engineering Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 - - - - -

Competitive Comparison of American Science & Engineering's Cyclically Adjusted PB Ratio

For the Scientific & Technical Instruments subindustry, American Science & Engineering'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.


American Science & Engineering's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

* The bar in red indicates where American Science & Engineering's Cyclically Adjusted PB Ratio falls into.



American Science & Engineering 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.

American Science & Engineering's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2016 is calculated as:

For example, American Science & Engineering's adjusted Book Value per Share data for the three months ended in Jun. 2016 was:

Adj_Book=Book Value per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=17.919/101.6881*101.6881
=17.919

Current CPI (Jun. 2016) = 101.6881.

American Science & Engineering Quarterly Data

Book Value per Share CPI Adj_Book
200609 16.189 85.606 19.230
200612 17.374 85.142 20.750
200703 18.246 86.640 21.415
200706 19.122 87.906 22.120
200709 19.516 87.964 22.561
200712 19.114 88.616 21.933
200803 18.565 90.090 20.955
200806 17.935 92.320 19.755
200809 18.792 92.307 20.702
200812 19.317 88.697 22.146
200903 19.992 89.744 22.653
200906 21.092 91.003 23.568
200909 22.282 91.120 24.866
200912 23.264 91.111 25.965
201003 24.604 91.821 27.248
201006 25.195 91.962 27.860
201009 26.493 92.162 29.231
201012 27.813 92.474 30.584
201103 29.016 94.283 31.295
201106 29.560 95.235 31.563
201109 29.094 95.727 30.906
201112 29.188 95.213 31.173
201203 28.940 96.783 30.407
201206 27.952 96.819 29.358
201209 27.226 97.633 28.357
201212 26.786 96.871 28.118
201303 25.594 98.209 26.501
201306 24.908 98.518 25.710
201309 25.013 98.790 25.747
201312 24.898 98.326 25.749
201403 25.037 99.695 25.538
201406 24.781 100.560 25.059
201409 23.905 100.428 24.205
201412 22.545 99.070 23.141
201503 20.909 99.621 21.343
201506 20.202 100.684 20.403
201509 19.811 100.392 20.067
201512 19.344 99.792 19.711
201603 18.372 100.470 18.595
201606 17.919 101.688 17.919

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.


American Science & Engineering  (NAS:ASEI) 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.


American Science & Engineering Cyclically Adjusted PB Ratio Related Terms

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


American Science & Engineering (American Science & Engineering) Business Description

Traded in Other Exchanges
N/A
Address
American Science & Engineering Inc is a Massachusetts corporation formed in 1958. The Company develops, manufactures, markets, and sells X-ray inspection and other detection products for homeland security, force protection, public safety, and other critical defense and security applications. It provides maintenance, warranty, engineering, training and operator services related to these products. The Company manufactures X-ray inspection products that can be used to inspect parcels, baggage, vehicles, pallets, cargo containers, and people. The Company sells its products throughout the world to a variety of customers, including authorities responsible for port and border security; customs agencies; military organizations; critical infrastructure and high threat commercial and government facilities; aviation security agencies; and law enforcement agencies. Its products are used by these customers to help combat terrorism, trade fraud, drug trafficking, weapons smuggling, and illegal immigration. Its products are also used for military force protection and general facility security. The Company's X-ray imaging products utilize several technologies including traditional transmission X-ray imaging, dual-energy transmission X-ray imaging, dual-energy/high-energy transmission X-ray imaging, Forwardscatter X-ray imaging and its proprietary Z Backscatter X-ray imaging. The Company's products and services include Cargo Inspection Systems, Mobile Cargo Inspection Systems, Parcel and Personnel Screening Inspection Systems, Custom Products, and Service and Support. The Company's customer base consists of government and commercial clients from both the United States and abroad. Domestically, the Company's primary client base is comprised of agencies of the U.S. government.
Executives
Don R Kania director C/O FEI COMPANY, 5350 NE DAWSON CREEK DRIVE, HILLSBORO OR 97124
Robert N Shaddock director 1050 WESTLAKES DRIVE, BERWYN PA 19312
Charles P Dougherty director, officer: President & CEO C/O TYCO ELECTRONICS LTD, 1050 WESTLAKES DRIVE, BERWYN PA 19312
Diane J Basile officer: SVP, CFO and Treasurer MERCURY COMPUTER SYSTEMS, INC., 199 RIVERNECK ROAD, CHELMSFORD MA 01824
Jennifer L Vogel director C/O AAR CORP., 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Kenneth Galaznik officer: SVP, CFO & Treasurer C/O AMERICAN SCIENCE AND ENGINEERING,INC, 829 MIDDLESEX TURNPIKE, BILLERICA MA 01821
Carl W Vogt director 10990 ROE AVENUE, OVERLAND PARK KS 66211-1213
Ernerst J Moniz director 30 IVAN ALLEN JR. BOULEVARD NW, ATLANTA GA 30308
Patricia Gray officer: SVP and GC C/O AMERICAN SCIENCE AND ENGINEERING INC, 829 MIDDLESEX TURNPIKE, BILLERICA MA 01821
William Grieco officer: Senior Vice President 830 CRESCENT CENTRE DRIVE, SUITE 610, FRANKLIN TN 37067

American Science & Engineering (American Science & Engineering) Headlines