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EMC (BSP:EMCC34) Cyclically Adjusted PB Ratio : (As of May. 26, 2024)


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What is EMC Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


EMC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for EMC'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.

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EMC Cyclically Adjusted PB Ratio Chart

EMC Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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EMC Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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Competitive Comparison of EMC's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, EMC'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.


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

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

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



EMC 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.

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

For example, EMC'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)
=38.729/101.6881*101.6881
=38.729

Current CPI (Jun. 2016) = 101.6881.

EMC Quarterly Data

Book Value per Share CPI Adj_Book
200609 10.789 85.606 12.816
200612 10.449 85.142 12.480
200703 10.290 86.640 12.077
200706 9.801 87.906 11.338
200709 10.779 87.964 12.461
200712 10.633 88.616 12.201
200803 10.230 90.090 11.547
200806 10.112 92.320 11.138
200809 11.537 92.307 12.710
200812 15.869 88.697 18.193
200903 15.619 89.744 17.698
200906 13.614 91.003 15.212
200909 13.202 91.120 14.733
200912 13.265 91.111 14.805
201003 13.877 91.821 15.368
201006 14.289 91.962 15.800
201009 14.023 92.162 15.473
201012 14.261 92.474 15.682
201103 14.118 94.283 15.227
201106 13.976 95.235 14.923
201109 15.355 95.727 16.311
201112 17.334 95.213 18.513
201203 17.148 96.783 18.017
201206 20.433 96.819 21.461
201209 20.882 97.633 21.749
201212 22.044 96.871 23.140
201303 21.403 98.209 22.161
201306 23.595 98.518 24.354
201309 24.554 98.790 25.274
201312 25.912 98.326 26.798
201403 25.499 99.695 26.009
201406 24.602 100.560 24.878
201409 26.044 100.428 26.371
201412 29.142 99.070 29.912
201503 33.077 99.621 33.763
201506 32.458 100.684 32.782
201509 41.157 100.392 41.689
201512 42.223 99.792 43.025
201603 40.844 100.470 41.339
201606 38.729 101.688 38.729

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.


EMC  (BSP:EMCC34) 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.


EMC Cyclically Adjusted PB Ratio Related Terms

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


EMC (BSP:EMCC34) Business Description

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EMC Corp is a Massachusetts corporation, incorporated in 1979. The Company together with its subsidiaries supports the businesses and service providers to transform information technology (IT) operations to an as a service model (ITaaS). The Company operates in three segments: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure. The Company's information infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure ever-increasing quantities of information, while at the same time improving business agility, lowering cost and increasing competitive advantage. VMware Virtual Infrastructure provides virtualization infrastructure solutions. Pivotal provides application and data infrastructure software, agile development services and data science consulting. The Company offers a comprehensive portfolio of enterprise storage systems and software - including high-end EMC VMAX and mid-tier EMC VNX unified storage and a portfolio of backup products that support enterprise application workloads. The Company's two additional storage families, EMC Isilon and EMC Atmos, are specifically designed to handle vast quantities of unstructured data. EMC supports a broad range of customers, including service providers, around the world - in every industry, in both public and private sectors, and of sizes ranging from the Fortune 500 to small business and individual consumers. The Company markets its products through direct sales and through multiple distribution channels. It has a direct sales presence throughout North America, Latin America, Europe, the Middle East, South Africa and the Asia Pacific region. The Company also has agreements in place with many partners, including value-added resellers and distributors, cloud service providers, systems integrators, outsourcers, Independent Software Vendors ("ISVs"), and Original Equipment Manufacturers ("OEMs"). The Company competes with many companies in the markets it serve, including companies that offer IT products and services and others that offer specific information storage, protection, security, management and intelligence, data analytics or virtualization products or services.

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