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AVNW (Aviat Networks) Cyclically Adjusted Book per Share : $13.02 (As of Mar. 2025)


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What is Aviat Networks 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.

Aviat Networks's adjusted book value per share for the three months ended in Mar. 2025 was $20.179. 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 $13.02 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Aviat Networks's average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -12.30% 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 Aviat Networks was 5.40% per year. The lowest was -25.90% per year. And the median was 1.20% per year.

As of today (2025-06-17), Aviat Networks's current stock price is $22.26. Aviat Networks's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $13.02. Aviat Networks's Cyclically Adjusted PB Ratio of today is 1.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aviat Networks was 3.94. The lowest was 0.10. And the median was 0.75.


Aviat Networks Cyclically Adjusted Book per Share Historical Data

The historical data trend for Aviat Networks'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.

Aviat Networks Cyclically Adjusted Book per Share Chart

Aviat Networks Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.23 10.45 11.15 11.37 12.16

Aviat Networks Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 11.94 12.16 12.39 12.59 13.02

Competitive Comparison of Aviat Networks's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Aviat Networks'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.


Aviat Networks's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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Aviat Networks 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, Aviat Networks's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=20.179/134.9266*134.9266
=20.179

Current CPI (Mar. 2025) = 134.9266.

Aviat Networks Quarterly Data

Book Value per Share CPI Adj_Book
201506 8.039 100.684 10.773
201509 7.901 100.392 10.619
201512 7.303 99.792 9.874
201603 6.625 100.470 8.897
201606 5.048 101.688 6.698
201609 4.997 101.861 6.619
201612 5.085 101.863 6.736
201703 5.114 102.862 6.708
201706 5.058 103.349 6.603
201709 5.057 104.136 6.552
201712 5.617 104.011 7.287
201803 5.431 105.290 6.960
201806 5.374 106.317 6.820
201809 5.825 106.507 7.379
201812 5.864 105.998 7.464
201903 6.288 107.251 7.911
201906 6.672 108.070 8.330
201909 6.426 108.329 8.004
201912 6.323 108.420 7.869
202003 6.206 108.902 7.689
202006 6.359 108.767 7.888
202009 6.971 109.815 8.565
202012 7.599 109.897 9.330
202103 16.098 111.754 19.436
202106 16.438 114.631 19.348
202109 16.797 115.734 19.582
202112 17.229 117.630 19.762
202203 17.671 121.301 19.656
202206 18.078 125.017 19.511
202209 17.628 125.227 18.993
202212 18.326 125.222 19.746
202303 18.830 127.348 19.951
202306 18.991 128.729 19.905
202309 19.634 129.860 20.400
202312 20.281 129.419 21.144
202403 20.578 131.776 21.070
202406 20.273 132.554 20.636
202409 19.494 133.029 19.772
202412 19.677 133.157 19.938
202503 20.179 134.927 20.179

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


Aviat Networks  (NAS:AVNW) 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.

Aviat Networks's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.26/13.02
=1.71

* 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 Aviat Networks was 3.94. The lowest was 0.10. And the median was 0.75.


Be Aware

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


Aviat Networks Cyclically Adjusted Book per Share Related Terms

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


Aviat Networks Business Description

Industry
Traded in Other Exchanges
Address
200 Parker Drive, Suite C100A, Austin, TX, USA, 78728
Aviat Networks Inc is a networking solutions provider. It designs, manufactures and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.
Executives
Michele Klein director 469 MINOCA ROAD, PORTOLA VALLEY CA 94028
Pete A Smith officer: President and CEO C/O AVIAT NETWORKS, INC., 200 PARKER DR SUITE C100A, AUSTIN TX 78728
Bryan Tucker officer: Sr. VP, Americas Sales and Ser 200 PARKER DRIVE, SUITE C100A, AUSTIN TX 78728
Erin Boase officer: VP Legal Affairs AVIAT NETWORKS, INC., 200 PARKER DRIVE, SUITE C100A, AUSTIN TX 78728
Gary Croke officer: VP Marketing and PLM AVIAT NETWORKS, INC., 200 PARKER DRIVE, SUITE C100A, AUSTIN TX 78728
David M Gray officer: Sr VP and CFO AVIAT NETWORKS, INC, 200 PARKER DRIVE, SUITE C 100A, AUSTIN TX 78726
Bruce M. Taten director 600 TRAVIS, SUITE 5600, HOUSTON TX 77002
Somesh Singh director 1301 S MOPAC EXPRESSWAY, SUITE 100, AUSTIN TX 78746
Bryan Ingram director C/O AVAGO TECHNOLOGIES LIMITED, 350 WEST TRIMBLE ROAD, BLDG. 90, SAN JOSE CA 95131
Steel Excel Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings L.p. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
James C Stoffel director 101 KNOLLWOOD DRIVE, ROCHESTER NY 14618