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Rambus (HAM:RMB) Cyclically Adjusted PB Ratio : 7.14 (As of May. 23, 2024)


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What is Rambus Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Rambus's current share price is €55.60. Rambus's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.79. Rambus's Cyclically Adjusted PB Ratio for today is 7.14.

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

HAM:RMB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66   Med: 3.38   Max: 9.14
Current: 7.16

During the past years, Rambus's highest Cyclically Adjusted PB Ratio was 9.14. The lowest was 1.66. And the median was 3.38.

HAM:RMB's Cyclically Adjusted PB Ratio is ranked worse than
84.65% of 684 companies
in the Semiconductors industry
Industry Median: 2.515 vs HAM:RMB: 7.16

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.

Rambus's adjusted book value per share data for the three months ended in Mar. 2024 was €8.464. 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 €7.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rambus Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Rambus'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.

Rambus Cyclically Adjusted PB Ratio Chart

Rambus 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 2.60 3.01 4.48 4.91 8.52

Rambus 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 6.84 8.33 7.07 8.52 7.46

Competitive Comparison of Rambus's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Rambus'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.


Rambus's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Rambus 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=55.60/7.79
=7.14

* 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.

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

For example, Rambus'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)
=8.464/131.7762*131.7762
=8.464

Current CPI (Mar. 2024) = 131.7762.

Rambus Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.357 100.560 3.089
201409 2.553 100.428 3.350
201412 2.758 99.070 3.669
201503 3.248 99.621 4.296
201506 3.252 100.684 4.256
201509 4.632 100.392 6.080
201512 4.423 99.792 5.841
201603 4.362 100.470 5.721
201606 4.392 101.688 5.692
201609 4.460 101.861 5.770
201612 4.719 101.863 6.105
201703 5.034 102.862 6.449
201706 4.644 103.349 5.921
201709 4.506 104.136 5.702
201712 4.400 104.011 5.575
201803 8.443 105.290 10.567
201806 8.815 106.317 10.926
201809 7.964 106.507 9.854
201812 8.161 105.998 10.146
201903 8.016 107.251 9.849
201906 7.751 108.070 9.451
201909 7.829 108.329 9.524
201912 7.829 108.420 9.516
202003 7.715 108.902 9.336
202006 7.535 108.767 9.129
202009 7.141 109.815 8.569
202012 6.717 109.897 8.054
202103 6.790 111.754 8.006
202106 6.331 114.631 7.278
202109 6.590 115.734 7.503
202112 6.983 117.630 7.823
202203 6.533 121.301 7.097
202206 7.174 125.017 7.562
202209 7.047 125.227 7.416
202212 6.836 125.222 7.194
202303 6.536 127.348 6.763
202306 7.997 128.729 8.186
202309 8.328 129.860 8.451
202312 8.826 129.419 8.987
202403 8.464 131.776 8.464

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.


Rambus  (HAM:RMB) 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.


Rambus Cyclically Adjusted PB Ratio Related Terms

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


Rambus (HAM:RMB) Business Description

Industry
Traded in Other Exchanges
Address
4453 North First Street, Suite 100, San Jose, CA, USA, 95134
Rambus Inc is a semiconductor solutions provider offering high-speed, high-security computer chips and Silicon intellectual property. The company's Key products include memory interface chips, built for high speed and efficiency; silicon IP, providing high-speed memory and chip-to-chip connection technology; and architecture licenses, which allow customers to use portions of Rambus' patented inventions for their own digital electronics. The firm receives the majority of its revenue from the United States, Taiwan, Asia-Other, Japan and Singapore.

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