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ADI (Analog Devices) Cyclically Adjusted Book per Share : $47.84 (As of Jan. 2025)


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What is Analog Devices Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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 for the three months ended in Jan. 2025 was $70.710. 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 $47.84 for the trailing ten years ended in Jan. 2025.

During the past 12 months, Analog Devices's average Cyclically Adjusted Book Growth Rate was 15.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 21.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 19.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 15.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Analog Devices was 22.40% per year. The lowest was 4.20% per year. And the median was 13.70% per year.

As of today (2025-03-27), Analog Devices's current stock price is $208.26. Analog Devices's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was $47.84. Analog Devices's Cyclically Adjusted PB Ratio of today is 4.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Analog Devices was 7.32. The lowest was 3.96. And the median was 5.40.


Analog Devices Cyclically Adjusted Book per Share Historical Data

The historical data trend for Analog Devices's Cyclically Adjusted Book per Share 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 Book per Share Chart

Analog Devices Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.88 26.13 33.73 40.16 46.30

Analog Devices Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Cyclically Adjusted Book per Share 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 41.55 43.49 44.88 46.30 47.84

Competitive Comparison of Analog Devices's Cyclically Adjusted Book per Share

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.


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Analog Devices Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Analog Devices's adjusted Book Value per Share data for the three months ended in Jan. 2025 was:

Adj_Book= Book Value per Share /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=70.71/134.0288*134.0288
=70.710

Current CPI (Jan. 2025) = 134.0288.

Analog Devices Quarterly Data

Book Value per Share CPI Adj_Book
201504 15.833 99.824 21.258
201507 16.148 100.691 21.495
201510 16.256 100.346 21.713
201601 16.111 99.957 21.603
201604 15.857 100.947 21.054
201607 16.207 101.524 21.396
201610 16.762 101.988 22.028
201701 17.161 102.456 22.449
201704 27.156 103.167 35.279
201707 26.989 103.278 35.025
201710 27.565 104.070 35.500
201801 27.982 104.578 35.862
201804 28.540 105.708 36.186
201807 29.209 106.324 36.820
201810 30.441 106.695 38.240
201901 31.455 106.200 39.698
201904 31.756 107.818 39.476
201907 31.917 108.250 39.518
201910 31.792 108.577 39.244
202001 31.746 108.841 39.093
202004 31.461 108.173 38.981
202007 31.903 109.318 39.115
202010 32.472 109.861 39.616
202101 32.768 110.364 39.794
202104 32.989 112.673 39.242
202107 33.307 115.183 38.757
202110 72.321 116.696 83.063
202201 71.520 118.619 80.811
202204 71.372 121.978 78.423
202207 71.234 125.002 76.378
202210 71.599 125.734 76.322
202301 72.218 126.223 76.684
202304 71.823 127.992 75.211
202307 72.050 128.974 74.874
202310 71.666 129.810 73.995
202401 71.683 130.124 73.834
202404 71.035 132.289 71.969
202407 70.877 132.708 71.583
202410 70.878 133.182 71.329
202501 70.710 134.029 70.710

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Analog Devices  (NAS:ADI) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=208.26/47.84
=4.35

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Analog Devices was 7.32. The lowest was 3.96. And the median was 5.40.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Analog Devices Cyclically Adjusted Book per Share Related Terms

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


Analog Devices Business Description

Industry
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; more than half of its chip sales are to industrial and automotive end markets. ADI's chips are also incorporated into wireless infrastructure equipment.
Executives
Vincent Roche officer: V.P., WORLDWIDE SALES
Mercedes Johnson director MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Ray Stata director, officer: CHAIRMAN
Gregory M Bryant officer: Executive Vice President 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Edward H. Frank director C/O FUSION-IO, INC., 2855 E. COTTONWOOD PARKWAY, SUITE 100, SALT LAKE CITY UT 84121
James Champy director C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075
Michael Sondel officer: CAO (principal acct. officer) ONE TECHNOLOGY WAY, NORWOOD MA 02062
Vivek Jain officer: SVP, Global Operations 120 SAN GABRIEL DRIVE, SUNNYVALE CA 94086
James Michael Mollica officer: Interim CFO C/O ANALOG DEVICES, INC., ONE ANALOG WAY, WILMINGTON MA 01887
Prashanth Mahendra-rajah officer: SVP, Finance & CFO C/O WABCO HOLDINGS INC., ONE CENTENNIAL AVENUE, PISCATAWAY NJ 08855
Kenton J Sicchitano director ONE TECHNOLOGY WAY, C/O ANALOG DEVICES, INC., NORWOOD MA 02062
Stephen M Jennings director LTX CORPORATION, UNIVERSITY AVE, WESTWOOD MA 02090
Tunc Doluca director
Andre' Andonian director ONE ANALOG WAY, WILMINGTON MA 01887
Bruce R Evans director C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116