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Intel (HKSE:04335) Cyclically Adjusted PB Ratio : 2.12 (As of May. 24, 2024)


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What is Intel Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Intel's current share price is HK$150.10. Intel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was HK$70.85. Intel's Cyclically Adjusted PB Ratio for today is 2.12.

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

HKSE:04335' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 3.48   Max: 5.16
Current: 1.44

During the past years, Intel's highest Cyclically Adjusted PB Ratio was 5.16. The lowest was 1.35. And the median was 3.48.

HKSE:04335's Cyclically Adjusted PB Ratio is ranked better than
68.57% of 684 companies
in the Semiconductors industry
Industry Median: 2.53 vs HKSE:04335: 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.

Intel's adjusted book value per share data for the three months ended in Mar. 2024 was HK$194.750. 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 HK$70.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intel Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Intel'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.

Intel Cyclically Adjusted PB Ratio Chart

Intel 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 4.51 3.49 3.15 1.42 2.48

Intel 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 1.70 1.70 1.77 2.48 2.12

Competitive Comparison of Intel's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Intel'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.


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

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

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



Intel 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=150.10/70.85
=2.12

* 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.

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

For example, Intel'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)
=194.75/131.7762*131.7762
=194.750

Current CPI (Mar. 2024) = 131.7762.

Intel Quarterly Data

Book Value per Share CPI Adj_Book
201406 92.817 100.560 121.630
201409 89.502 100.428 117.440
201412 91.235 99.070 121.355
201503 89.861 99.621 118.866
201506 94.109 100.684 123.171
201509 93.553 100.392 122.800
201512 100.201 99.792 132.316
201603 100.665 100.470 132.031
201606 100.747 101.688 130.557
201609 103.301 101.861 133.639
201612 108.630 101.863 140.531
201703 110.235 102.862 141.221
201706 113.889 103.349 145.215
201709 118.419 104.136 149.851
201712 115.048 104.011 145.759
201803 118.065 105.290 147.766
201806 119.208 106.317 147.754
201809 122.736 106.507 151.856
201812 129.105 105.998 160.503
201903 129.144 107.251 158.676
201906 132.401 108.070 161.445
201909 133.721 108.329 162.664
201912 140.998 108.420 171.372
202003 140.032 108.902 169.446
202006 149.444 108.767 181.058
202009 140.994 109.815 169.191
202012 154.653 109.897 185.443
202103 153.469 111.754 180.964
202106 163.015 114.631 187.396
202109 172.348 115.734 196.237
202112 182.790 117.630 204.773
202203 197.313 121.301 214.352
202206 193.465 125.017 203.925
202209 189.978 125.227 199.914
202212 190.867 125.222 200.857
202303 184.521 127.348 190.938
202306 188.937 128.729 193.410
202309 189.052 129.860 191.842
202312 195.042 129.419 198.594
202403 194.750 131.776 194.750

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.


Intel  (HKSE:04335) 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.


Intel Cyclically Adjusted PB Ratio Related Terms

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


Intel (HKSE:04335) Business Description

Industry
Address
2200 Mission College Boulevard, Santa Clara, CA, USA, 95054-1549
Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.

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