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Bel Fuse (Bel Fuse) Cyclically Adjusted PB Ratio : 2.95 (As of Apr. 28, 2024)


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What is Bel Fuse Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Bel Fuse's current share price is $57.91. Bel Fuse's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $19.64. Bel Fuse's Cyclically Adjusted PB Ratio for today is 2.95.

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

BELFB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 1.06   Max: 3.76
Current: 2.95

During the past years, Bel Fuse's highest Cyclically Adjusted PB Ratio was 3.76. The lowest was 0.36. And the median was 1.06.

BELFB's Cyclically Adjusted PB Ratio is ranked worse than
73.98% of 1833 companies
in the Hardware industry
Industry Median: 1.57 vs BELFB: 2.95

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.

Bel Fuse's adjusted book value per share data for the three months ended in Dec. 2023 was $26.686. 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 $19.64 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bel Fuse Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bel Fuse'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.

Bel Fuse Cyclically Adjusted PB Ratio Chart

Bel Fuse 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 1.11 0.84 0.70 1.73 3.40

Bel Fuse Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.73 1.94 2.94 2.42 3.40

Competitive Comparison of Bel Fuse's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Bel Fuse'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.


Bel Fuse's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Bel Fuse 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.

Bel Fuse's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.91/19.64
=2.95

* 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.

Bel Fuse's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Bel Fuse's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=26.686/129.4194*129.4194
=26.686

Current CPI (Dec. 2023) = 129.4194.

Bel Fuse Quarterly Data

Book Value per Share CPI Adj_Book
201403 20.089 99.695 26.079
201406 20.388 100.560 26.239
201409 19.301 100.428 24.873
201412 18.907 99.070 24.699
201503 18.582 99.621 24.140
201506 19.223 100.684 24.709
201509 19.528 100.392 25.174
201512 19.628 99.792 25.455
201603 11.278 100.470 14.528
201606 12.777 101.688 16.261
201609 13.575 101.861 17.248
201612 13.174 101.863 16.738
201703 13.387 102.862 16.843
201706 14.084 103.349 17.637
201709 14.797 104.136 18.390
201712 13.134 104.011 16.342
201803 13.656 105.290 16.786
201806 13.592 106.317 16.546
201809 14.151 106.507 17.195
201812 14.385 105.998 17.564
201903 14.531 107.251 17.535
201906 14.637 108.070 17.529
201909 13.899 108.329 16.605
201912 13.693 108.420 16.345
202003 13.194 108.902 15.680
202006 13.565 108.767 16.141
202009 14.461 109.815 17.043
202012 15.040 109.897 17.712
202103 15.092 111.754 17.478
202106 15.836 114.631 17.879
202109 16.135 115.734 18.043
202112 16.670 117.630 18.341
202203 17.204 121.301 18.355
202206 18.102 125.017 18.739
202209 18.913 125.227 19.546
202212 20.521 125.222 21.209
202303 21.767 127.348 22.121
202306 23.827 128.729 23.955
202309 25.164 129.860 25.079
202312 26.686 129.419 26.686

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.


Bel Fuse  (NAS:BELFB) 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.


Bel Fuse Cyclically Adjusted PB Ratio Related Terms

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


Bel Fuse (Bel Fuse) Business Description

Industry
Address
206 Van Vorst Street, Jersey City, NJ, USA, 07302
Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions & protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.
Executives
Tuweiq Farouq Salem Ali officer: Chief Financial Officer C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Lai Kenneth Koon Keung officer: VP of Asia Operations C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Joseph Francis Berry officer: VP of Magnetic Solutions C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Dennis Ackerman officer: Vice President of Operations C/O BEL FUSE INC, 206 VAN VORST STREET, JERSEY NJ 07302
Daniel Bernstein director, 10 percent owner, officer: President and CEO
Vincent Vellucci director C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Suzanne Kozlovsky officer: Global Head of People C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Peter E Gilbert director
Raymond Cheung officer: Vice President-Asia Operations C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Sherry L. Urban officer: VP of Human Resources C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Jacqueline T. Brito director C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Lynn Katherine Hutkin officer: Director Financial Reporting C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Craig Brosious officer: Vice President of Finance C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Avi D Eden director
Rita V Smith director C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302