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Luna Innovations (Luna Innovations) Cyclically Adjusted PB Ratio : 0.88 (As of Apr. 28, 2024)


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What is Luna Innovations Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Luna Innovations's current share price is $1.99. Luna Innovations's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $2.27. Luna Innovations's Cyclically Adjusted PB Ratio for today is 0.88.

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

LUNA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 2.95   Max: 7.96
Current: 0.88

During the past years, Luna Innovations's highest Cyclically Adjusted PB Ratio was 7.96. The lowest was 0.88. And the median was 2.95.

LUNA's Cyclically Adjusted PB Ratio is ranked better than
72.94% of 1833 companies
in the Hardware industry
Industry Median: 1.57 vs LUNA: 0.88

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.

Luna Innovations's adjusted book value per share data for the three months ended in Sep. 2023 was $2.787. 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 $2.27 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Luna Innovations Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Luna Innovations'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.

Luna Innovations Cyclically Adjusted PB Ratio Chart

Luna Innovations Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.83 5.42 6.51 4.72 4.23

Luna Innovations Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.18 4.23 3.35 4.12 2.58

Competitive Comparison of Luna Innovations's Cyclically Adjusted PB Ratio

For the Scientific & Technical Instruments subindustry, Luna Innovations'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.


Luna Innovations's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Luna Innovations 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.

Luna Innovations's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.99/2.27
=0.88

* 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.

Luna Innovations's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Luna Innovations's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=2.787/129.8595*129.8595
=2.787

Current CPI (Sep. 2023) = 129.8595.

Luna Innovations Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.810 98.326 1.070
201403 1.407 99.695 1.833
201406 1.338 100.560 1.728
201409 1.304 100.428 1.686
201412 1.160 99.070 1.521
201503 1.103 99.621 1.438
201506 1.063 100.684 1.371
201509 1.044 100.392 1.350
201512 1.343 99.792 1.748
201603 1.299 100.470 1.679
201606 1.264 101.688 1.614
201609 1.256 101.861 1.601
201612 1.274 101.863 1.624
201703 1.231 102.862 1.554
201706 1.217 103.349 1.529
201709 1.787 104.136 2.228
201712 1.816 104.011 2.267
201803 1.835 105.290 2.263
201806 1.861 106.317 2.273
201809 2.187 106.507 2.667
201812 2.230 105.998 2.732
201903 2.274 107.251 2.753
201906 2.303 108.070 2.767
201909 2.152 108.329 2.580
201912 2.238 108.420 2.681
202003 2.223 108.902 2.651
202006 2.266 108.767 2.705
202009 2.385 109.815 2.820
202012 2.399 109.897 2.835
202103 2.438 111.754 2.833
202106 2.451 114.631 2.777
202109 2.468 115.734 2.769
202112 2.551 117.630 2.816
202203 2.843 121.301 3.044
202206 2.705 125.017 2.810
202209 2.673 125.227 2.772
202212 2.821 125.222 2.925
202303 2.817 127.348 2.873
202306 2.798 128.729 2.823
202309 2.787 129.860 2.787

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.


Luna Innovations  (NAS:LUNA) 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.


Luna Innovations Cyclically Adjusted PB Ratio Related Terms

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


Luna Innovations (Luna Innovations) Business Description

Industry
Traded in Other Exchanges
N/A
Address
301 1st Street South West, Suite 200, Roanoke, VA, USA, 24011
Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.
Executives
George Gomez-quintero officer: Chief Financial Officer LUNA INNOVATIONS INCORPORATED, 301 FIRST STREET SW, SUITE 200, ROANOKE VA 24011
Pamela L Coe director C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Brian Soller officer: Chief Operating Officer 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Gene Nestro officer: Chief Financial Officer C/O LUNA INNOVATIONS, INC., 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Clinic Carilion 10 percent owner EDWARD MURPHY, M.D., 213 SOUTH JEFFERSON STREET, SUITE 807, ROANOKE VA 24011
Mary Beth Vitale director 821 17TH STREET, DENVER CO 80202
Dale E Messick officer: Chief Financial Officer LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060
Scott A Graeff officer: CFO, Executive VP Corp. Dev. LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060
Barry Phelps director 26750 AGOURA RD, CALABASAS CA 91302
Michael W. Wise director C/O LUNA INNOVATIONS INCORPORATED, 1 RIVERSIDE CIRCLE, SUITE 400, ROANOKE VA 24016
Richard Roedel director 164 WEST RD, NEW CANAAN CT 06840
Donald Pastor director 2925 BOARDWALK, ANN ARBOR MI 48104
Gary Spiegel director
Coringrato Edward J Jr. director 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Wilkin Neil D Jr director

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