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Analog Devices (MIL:1ADI) Cyclically Adjusted PB Ratio : 5.04 (As of Jun. 06, 2024)


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What is Analog Devices Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Analog Devices's current share price is €208.25. Analog Devices's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was €41.31. Analog Devices's Cyclically Adjusted PB Ratio for today is 5.04.

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

MIL:1ADI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.6   Med: 5.27   Max: 7.32
Current: 5.44

During the past years, Analog Devices's highest Cyclically Adjusted PB Ratio was 7.32. The lowest was 3.60. And the median was 5.27.

MIL:1ADI's Cyclically Adjusted PB Ratio is ranked worse than
77.76% of 688 companies
in the Semiconductors industry
Industry Median: 2.57 vs MIL:1ADI: 5.44

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.

Analog Devices's adjusted book value per share data for the three months ended in Apr. 2024 was €66.205. 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 €41.31 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Analog Devices Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Analog Devices'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.

Analog Devices Cyclically Adjusted PB Ratio Chart

Analog Devices Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.38 5.42 6.64 4.23 3.92

Analog Devices Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 4.86 5.17 3.92 4.63 4.63

Competitive Comparison of Analog Devices's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Analog Devices'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.


Analog Devices's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Analog Devices 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.

Analog Devices's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=208.25/41.31
=5.04

* 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.

Analog Devices's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=66.205/131.7762*131.7762
=66.205

Current CPI (Apr. 2024) = 131.7762.

Analog Devices Quarterly Data

Book Value per Share CPI Adj_Book
201407 11.776 100.520 15.438
201410 12.063 100.176 15.868
201501 13.279 98.604 17.746
201504 14.629 99.824 19.312
201507 14.678 100.691 19.209
201510 14.484 100.346 19.021
201601 14.839 99.957 19.563
201604 13.970 100.947 18.236
201607 14.668 101.524 19.039
201610 15.220 101.988 19.665
201701 16.132 102.456 20.748
201704 25.337 103.167 32.363
201707 23.399 103.278 29.856
201710 23.458 104.070 29.703
201801 22.945 104.578 28.913
201804 23.260 105.708 28.996
201807 25.003 106.324 30.988
201810 26.484 106.695 32.710
201901 27.555 106.200 34.191
201904 28.263 107.818 34.543
201907 28.470 108.250 34.657
201910 28.740 108.577 34.881
202001 28.603 108.841 34.630
202004 28.944 108.173 35.259
202007 27.756 109.318 33.458
202010 27.601 109.861 33.107
202101 26.902 110.364 32.121
202104 27.579 112.673 32.255
202107 28.177 115.183 32.236
202110 62.341 116.696 70.397
202201 63.223 118.619 70.236
202204 66.091 121.978 71.400
202207 70.023 125.002 73.818
202210 72.673 125.734 76.165
202301 67.018 126.223 69.966
202304 65.502 127.992 67.439
202307 65.134 128.974 66.549
202310 67.868 129.810 68.896
202401 65.805 130.124 66.640
202404 66.205 131.776 66.205

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.


Analog Devices  (MIL:1ADI) 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.


Analog Devices Cyclically Adjusted PB Ratio Related Terms

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


Analog Devices (MIL:1ADI) Business Description

Address
One Analog Way, Wilmington, MA, USA, 01887
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.

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