GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Staar Surgical Co (FRA:SR3) » Definitions » Cyclically Adjusted PB Ratio

Staar Surgical Co (FRA:SR3) Cyclically Adjusted PB Ratio : 10.62 (As of Jun. 06, 2024)


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

What is Staar Surgical Co Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Staar Surgical Co's current share price is €36.73. Staar Surgical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.46. Staar Surgical Co's Cyclically Adjusted PB Ratio for today is 10.62.

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

FRA:SR3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.39   Med: 16.68   Max: 85.36
Current: 10.46

During the past years, Staar Surgical Co's highest Cyclically Adjusted PB Ratio was 85.36. The lowest was 5.39. And the median was 16.68.

FRA:SR3's Cyclically Adjusted PB Ratio is ranked worse than
92.42% of 475 companies
in the Medical Devices & Instruments industry
Industry Median: 2.1 vs FRA:SR3: 10.46

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.

Staar Surgical Co's adjusted book value per share data for the three months ended in Mar. 2024 was €7.399. 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 €3.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Staar Surgical Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Staar Surgical 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.

* Premium members only.

Staar Surgical Co Cyclically Adjusted PB Ratio Chart

Staar Surgical Co 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 26.49 47.55 41.37 16.84 8.66

Staar Surgical Co 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 20.78 16.11 11.64 8.66 9.98

Competitive Comparison of Staar Surgical Co's Cyclically Adjusted PB Ratio

For the Medical Instruments & Supplies subindustry, Staar Surgical 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.


Staar Surgical Co's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Staar Surgical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Staar Surgical 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.

Staar Surgical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.73/3.46
=10.62

* 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.

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

For example, Staar Surgical Co'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)
=7.399/131.7762*131.7762
=7.399

Current CPI (Mar. 2024) = 131.7762.

Staar Surgical Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.803 100.560 1.052
201409 0.822 100.428 1.079
201412 0.783 99.070 1.041
201503 0.866 99.621 1.146
201506 0.891 100.684 1.166
201509 0.883 100.392 1.159
201512 0.894 99.792 1.181
201603 0.857 100.470 1.124
201606 0.836 101.688 1.083
201609 0.828 101.861 1.071
201612 0.882 101.863 1.141
201703 0.845 102.862 1.083
201706 0.829 103.349 1.057
201709 0.829 104.136 1.049
201712 0.877 104.011 1.111
201803 0.895 105.290 1.120
201806 1.044 106.317 1.294
201809 2.504 106.507 3.098
201812 2.634 105.998 3.275
201903 2.735 107.251 3.360
201906 2.868 108.070 3.497
201909 3.040 108.329 3.698
201912 3.210 108.420 3.902
202003 3.310 108.902 4.005
202006 3.388 108.767 4.105
202009 3.435 109.815 4.122
202012 3.490 109.897 4.185
202103 3.840 111.754 4.528
202106 4.109 114.631 4.724
202109 4.448 115.734 5.065
202112 4.796 117.630 5.373
202203 5.248 121.301 5.701
202206 5.896 125.017 6.215
202209 6.708 125.227 7.059
202212 6.581 125.222 6.925
202303 6.550 127.348 6.778
202306 6.731 128.729 6.890
202309 7.267 129.860 7.374
202312 7.247 129.419 7.379
202403 7.399 131.776 7.399

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.


Staar Surgical Co  (FRA:SR3) 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.


Staar Surgical Co Cyclically Adjusted PB Ratio Related Terms

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


Staar Surgical Co (FRA:SR3) Business Description

Traded in Other Exchanges
Address
25651 Atlantic Ocean Drive, Lake Forest, CA, USA, 92630
Staar Surgical Co is a manufacturer of lenses. It designs, develops, manufactures, and sells implantable lenses for the eye and delivery systems used to deliver the lenses into the eye. The company also make lenses which are used in surgery that treats cataracts. The company offers products are ICLs used in refractive surgery and IOLs used in cataract surgery. The company generated sales are from the ophthalmic surgical product segment.

Staar Surgical Co (FRA:SR3) Headlines

No Headlines