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Infinera (FRA:IX6) Cyclically Adjusted PB Ratio : 1.60 (As of May. 29, 2024)


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What is Infinera Cyclically Adjusted PB Ratio?

As of today (2024-05-29), Infinera's current share price is €4.98. Infinera's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.12. Infinera's Cyclically Adjusted PB Ratio for today is 1.60.

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

FRA:IX6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.92   Max: 14.44
Current: 1.44

During the past years, Infinera's highest Cyclically Adjusted PB Ratio was 14.44. The lowest was 0.65. And the median was 1.92.

FRA:IX6's Cyclically Adjusted PB Ratio is ranked better than
56.15% of 1879 companies
in the Hardware industry
Industry Median: 1.66 vs FRA:IX6: 1.44

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.

Infinera's adjusted book value per share data for the three months ended in Mar. 2024 was €0.641. 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 €3.12 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Infinera Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Infinera'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.

Infinera Cyclically Adjusted PB Ratio Chart

Infinera Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.83 2.54 2.32 1.67 1.25

Infinera Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.93 1.21 1.07 1.25 1.59

Competitive Comparison of Infinera's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Infinera'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.


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

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

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



Infinera 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.

Infinera's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.98/3.12
=1.60

* 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.

Infinera's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.641/131.7762*131.7762
=0.641

Current CPI (Mar. 2024) = 131.7762.

Infinera Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.616 100.560 3.428
201409 2.862 100.428 3.755
201412 3.098 99.070 4.121
201503 3.635 99.621 4.808
201506 3.667 100.684 4.799
201509 4.701 100.392 6.171
201512 4.991 99.792 6.591
201603 5.024 100.470 6.589
201606 5.023 101.688 6.509
201609 4.983 101.861 6.446
201612 4.983 101.863 6.446
201703 4.778 102.862 6.121
201706 4.430 103.349 5.649
201709 4.113 104.136 5.205
201712 3.761 104.011 4.765
201803 3.601 105.290 4.507
201806 3.568 106.317 4.422
201809 3.920 106.507 4.850
201812 3.526 105.998 4.384
201903 3.079 107.251 3.783
201906 2.542 108.070 3.100
201909 2.145 108.329 2.609
201912 1.921 108.420 2.335
202003 1.787 108.902 2.162
202006 1.564 108.767 1.895
202009 1.537 109.815 1.844
202012 1.740 109.897 2.086
202103 1.613 111.754 1.902
202106 1.499 114.631 1.723
202109 1.376 115.734 1.567
202112 1.356 117.630 1.519
202203 0.725 121.301 0.788
202206 0.509 125.017 0.537
202209 0.527 125.227 0.555
202212 0.769 125.222 0.809
202303 0.774 127.348 0.801
202306 0.681 128.729 0.697
202309 0.740 129.860 0.751
202312 0.860 129.419 0.876
202403 0.641 131.776 0.641

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.


Infinera  (FRA:IX6) 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.


Infinera Cyclically Adjusted PB Ratio Related Terms

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


Infinera (FRA:IX6) Business Description

Industry
Traded in Other Exchanges
Address
6373 San Ignacio Avenue, San Jose, CA, USA, 95119
Infinera Corp is a global supplier of networking solutions comprised of networking equipment, software and services. Its portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical subsystems, a suite of automation software offerings, and support and professional services. The company's customers include operators of fixed line and mobile networks, including telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, utilities and government entities.

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