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Keysight Technologies (BSP:K1SG34) Cyclically Adjusted PB Ratio : 8.12 (As of May. 23, 2024)


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What is Keysight Technologies Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Keysight Technologies's current share price is R$378.48. Keysight Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was R$46.59. Keysight Technologies's Cyclically Adjusted PB Ratio for today is 8.12.

The historical rank and industry rank for Keysight Technologies's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:K1SG34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.23   Med: 9.82   Max: 11.96
Current: 8.04

During the past years, Keysight Technologies's highest Cyclically Adjusted PB Ratio was 11.96. The lowest was 7.23. And the median was 9.82.

BSP:K1SG34's Cyclically Adjusted PB Ratio is ranked worse than
94.59% of 1868 companies
in the Hardware industry
Industry Median: 1.66 vs BSP:K1SG34: 8.04

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.

Keysight Technologies's adjusted book value per share data for the three months ended in Apr. 2024 was R$72.029. 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 R$46.59 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keysight Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Keysight Technologies'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.

Keysight Technologies Cyclically Adjusted PB Ratio Chart

Keysight Technologies Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 11.38 7.17

Keysight Technologies Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 8.99 9.76 7.17 8.75 8.12

Competitive Comparison of Keysight Technologies's Cyclically Adjusted PB Ratio

For the Scientific & Technical Instruments subindustry, Keysight 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.


Keysight Technologies's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Keysight Technologies 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.

Keysight Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=378.48/46.59
=8.12

* 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.

Keysight Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, Keysight Technologies's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book=Book Value per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=72.029/131.7762*131.7762
=72.029

Current CPI (Apr. 2024) = 131.7762.

Keysight Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201407 8.407 100.520 11.021
201410 5.640 100.176 7.419
201501 7.179 98.604 9.594
201504 9.324 99.824 12.309
201507 10.556 100.691 13.815
201510 14.840 100.346 19.488
201601 16.388 99.957 21.605
201604 15.777 100.947 20.595
201607 15.425 101.524 20.021
201610 14.200 101.988 18.347
201701 15.310 102.456 19.691
201704 18.457 103.167 23.575
201707 19.115 103.278 24.390
201710 19.855 104.070 25.141
201801 21.250 104.578 26.777
201804 23.009 105.708 28.683
201807 26.661 106.324 33.043
201810 24.520 106.695 30.284
201901 26.422 106.200 32.785
201904 29.064 107.818 35.522
201907 29.556 108.250 35.979
201910 32.704 108.577 39.692
202001 34.560 108.841 41.843
202004 43.977 108.173 53.573
202007 47.166 109.318 56.856
202010 50.045 109.861 60.028
202101 50.991 110.364 60.884
202104 53.498 112.673 62.568
202107 52.593 115.183 60.170
202110 57.640 116.696 65.089
202201 57.946 118.619 64.373
202204 49.939 121.978 53.950
202207 58.682 125.002 61.862
202210 61.216 125.734 64.158
202301 64.304 126.223 67.133
202304 66.440 127.992 68.404
202307 66.108 128.974 67.544
202310 67.383 129.810 68.404
202401 67.874 130.124 68.736
202404 72.029 131.776 72.029

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.


Keysight Technologies  (BSP:K1SG34) 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.


Keysight Technologies Cyclically Adjusted PB Ratio Related Terms

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


Keysight Technologies (BSP:K1SG34) Business Description

Traded in Other Exchanges
Address
1400 Fountaingrove Parkway, Santa Rosa, CA, USA, 95403-1738
Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight's solutions include testing tools, analytical software, and services. The firm's stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.

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