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FEI Co (FEI Co) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


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What is FEI Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


FEI Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FEI Co'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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FEI Co Cyclically Adjusted PB Ratio Chart

FEI Co Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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FEI Co 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 FEI Co's Cyclically Adjusted PB Ratio

For the Scientific & Technical Instruments subindustry, FEI Co'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.


FEI Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



FEI Co 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.

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

For example, FEI Co'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)
=25.426/101.6881*101.6881
=25.426

Current CPI (Jun. 2016) = 101.6881.

FEI Co Quarterly Data

Book Value per Share CPI Adj_Book
200609 9.465 85.606 11.243
200612 10.276 85.142 12.273
200703 11.135 86.640 13.069
200706 11.808 87.906 13.659
200709 12.586 87.964 14.550
200712 13.388 88.616 15.363
200803 14.043 90.090 15.851
200806 14.233 92.320 15.677
200809 13.720 92.307 15.114
200812 13.913 88.697 15.951
200903 13.947 89.744 15.803
200906 14.472 91.003 16.171
200909 14.970 91.120 16.706
200912 14.990 91.111 16.730
201003 14.842 91.821 16.437
201006 15.153 91.962 16.756
201009 16.224 92.162 17.901
201012 16.541 92.474 18.189
201103 17.724 94.283 19.116
201106 18.767 95.235 20.039
201109 18.114 95.727 19.242
201112 18.402 95.213 19.653
201203 19.557 96.783 20.548
201206 19.713 96.819 20.704
201209 20.873 97.633 21.740
201212 21.828 96.871 22.913
201303 22.111 98.209 22.894
201306 23.554 98.518 24.312
201309 24.652 98.790 25.375
201312 25.574 98.326 26.448
201403 26.186 99.695 26.710
201406 26.202 100.560 26.496
201409 25.481 100.428 25.801
201412 24.914 99.070 25.572
201503 23.964 99.621 24.461
201506 24.789 100.684 25.036
201509 23.993 100.392 24.303
201512 24.234 99.792 24.694
201603 25.354 100.470 25.661
201606 25.426 101.688 25.426

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.


FEI Co  (NAS:FEIC) 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.


FEI Co Cyclically Adjusted PB Ratio Related Terms

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


FEI Co (FEI Co) Business Description

Industry
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Address
FEI Co was founded and incorporated in Oregon in 1971. It is a supplier of scientific instruments and related services for nanoscale applications and solutions for industry and science. It designs, manufactures, and supports the high-performance microscopy workflows that provide images and answers in the micro-, nano-, and picometer scales. The Company operates in two segments including Industry Group and the Science Group. The Industry Group consists of customers in semiconductor integrated circuit manufacturing and related industries such as manufacturers of data storage equipment and other technologies, as well as customers in the oil and gas industry. The tools developed for Industry Group customers are generally aimed at improving their processes to increase overall yields, whether in a semiconductor factory or at an oil and gas reservoir. For the semiconductor market, it shrinks line widths and process nodes of 16/14 nanometers and smaller, increasing complexity in their materials such as high-k metal gates and low-k dielectrics and increasing device complexity such as 3D transistor architectures; and this products are used in laboratories, near the fabrication line to speed new product development and increase yields by enabling 3D metrology for advanced process control, defect analysis, and root cause failure analysis. For the oil and gas market, its products are used to increase yields in oil and gas exploration and for laboratory analysis. It also provides support for products and customers for the entire life cycle of a tool from installation through the warranty period, and after the warranty period through contract coverage or on a time and materials basis. The Science Group includes universities, public and private research laboratories and customers in industries, including metals, automobiles, aerospace, geosciences and forensics. The tools developed for customers in the Science Group are generally aimed at the exploration and discovery of new materials and chemistries or solving for causes and cures of diseases. The tools are used in a laboratory and are generally not used in industrial applications. It also includes customers at universities, government laboratories and research institutes engaged in biotech and life sciences applications, as well as pharmaceutical and biotech companies. Its solutions enable scientific discovery and advancement for researchers and help manufacturers develop, analyze and produce advanced products. Its products are also used in root cause failure analysis and quality control applications across a range of industries. Its products' ultra-high resolution imaging allows structural biologists to create detailed 3D reconstructions of complex biological structures such as proteins and viruses. Cellular biologists use companies tools to correlate wide-field, lower resolution optical images with higher resolution electron microscope imaging. Its products are also used by drug researchers
Executives
Anthony L Trunzo officer: See Remarks 27700 SW PARKWAY AVENUE, WILSONVILLE OR 97070
Jami K Nachtsheim director
Don R Kania director, officer: See Remarks C/O FEI COMPANY, 5350 NE DAWSON CREEK DRIVE, HILLSBORO OR 97124
James T Richardson director 01396 SW MILITARY ROAD, PORTLAND OR 97219
Homa Bahrami director 4900 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Thomas F Kelly director 57 STEVENSON LANE, ATHERTON CA 94027
Gerhard H Parker director 3050 BOWERS AVE, SANTA CLARA CA 95054
Raymond A Link officer: Executive VP, CFO C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Benjamin Geklim Loh officer: EVP and COO C/O FEI COMPANY, 5350 NE DAWSON CREEK DRIVE, HILLSBORO OR 97124
Peter Frasso officer: Executive Vice President, COO

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