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BIO.B (Bio-Rad Laboratories) Cyclically Adjusted Book per Share : $254.87 (As of Mar. 2025)


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What is Bio-Rad Laboratories 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.

Bio-Rad Laboratories's adjusted book value per share for the three months ended in Mar. 2025 was $241.718. 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 $254.87 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Bio-Rad Laboratories's average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 21.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 18.50% 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 Bio-Rad Laboratories was 26.60% per year. The lowest was 9.10% per year. And the median was 15.20% per year.

As of today (2025-05-21), Bio-Rad Laboratories's current stock price is $234.41. Bio-Rad Laboratories's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $254.87. Bio-Rad Laboratories's Cyclically Adjusted PB Ratio of today is 0.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bio-Rad Laboratories was 5.80. The lowest was 0.88. And the median was 3.02.


Bio-Rad Laboratories Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bio-Rad Laboratories'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.

Bio-Rad Laboratories Cyclically Adjusted Book per Share Chart

Bio-Rad Laboratories Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 118.98 158.51 191.68 225.17 247.50

Bio-Rad Laboratories 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 226.90 250.20 240.37 247.50 254.87

Competitive Comparison of Bio-Rad Laboratories's Cyclically Adjusted Book per Share

For the Medical Devices subindustry, Bio-Rad Laboratories'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.


Bio-Rad Laboratories's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Bio-Rad Laboratories's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bio-Rad Laboratories's Cyclically Adjusted PB Ratio falls into.


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Bio-Rad Laboratories 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, Bio-Rad Laboratories'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)
=241.718/134.9266*134.9266
=241.718

Current CPI (Mar. 2025) = 134.9266.

Bio-Rad Laboratories Quarterly Data

Book Value per Share CPI Adj_Book
201506 80.889 100.684 108.399
201509 82.915 100.392 111.438
201512 84.826 99.792 114.691
201603 86.555 100.470 116.239
201606 88.861 101.688 117.907
201609 91.489 101.861 121.188
201612 87.202 101.863 115.507
201703 91.450 102.862 119.957
201706 94.902 103.349 123.899
201709 95.701 104.136 123.998
201712 98.380 104.011 127.622
201803 150.582 105.290 192.968
201806 155.487 106.317 197.328
201809 163.557 106.507 207.200
201812 134.910 105.998 171.729
201903 163.107 107.251 205.197
201906 184.115 108.070 229.871
201909 171.411 108.329 213.496
201912 192.316 108.420 239.333
202003 212.267 108.902 262.994
202006 247.773 108.767 307.364
202009 295.838 109.815 363.488
202012 331.053 109.897 406.453
202103 356.451 111.754 430.361
202106 389.443 114.631 458.393
202109 512.480 115.734 597.465
202112 457.211 117.630 524.443
202203 340.099 121.301 378.302
202206 300.454 125.017 324.270
202209 283.450 125.227 305.406
202212 324.883 125.222 350.062
202303 329.755 127.348 349.380
202306 290.511 128.729 304.498
202309 288.770 129.860 300.038
202312 306.515 129.419 319.558
202403 317.316 131.776 324.902
202406 240.391 132.554 244.694
202409 267.462 133.029 271.277
202412 234.526 133.157 237.643
202503 241.718 134.927 241.718

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


Bio-Rad Laboratories  (NYSE:BIO.B) 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.

Bio-Rad Laboratories's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=234.41/254.87
=0.92

* 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 Bio-Rad Laboratories was 5.80. The lowest was 0.88. And the median was 3.02.


Be Aware

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


Bio-Rad Laboratories Cyclically Adjusted Book per Share Related Terms

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


Bio-Rad Laboratories Business Description

Traded in Other Exchanges
Address
1000 Alfred Nobel Drive, Hercules, CA, USA, 94547
Bio-Rad Laboratories, headquartered in Hercules, California, develops, manufactures, and sells products and solutions for the clinical diagnostics and life sciences markets. In clinical diagnostics (56% of sales), Bio-Rad sells test systems and specialized quality controls for clinical laboratories. In life sciences (44% of sales), it develops and manufactures instruments and reagents used in research, biopharmaceutical production, and food testing and has a leadership position in dPCR technology. The company is geographically diverse, with major markets in the Americas (42% of 2023 sales), Europe (31%), Asia (31%), and other (6%). Bio-Rad owns approximately 33% of Sartorius, a lab and bioprocessing supplier that specializes in single-use technology used in biologics manufacturing.