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IPG Photonics (BSP:I1PG34) Cyclically Adjusted Book per Share : R$134.81 (As of Mar. 2025)


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What is IPG Photonics 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.

IPG Photonics's adjusted book value per share for the three months ended in Mar. 2025 was R$138.830. 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 R$134.81 for the trailing ten years ended in Mar. 2025.

During the past 12 months, IPG Photonics's average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 19.30% 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 IPG Photonics was 24.00% per year. The lowest was 11.60% per year. And the median was 20.30% per year.

As of today (2025-07-18), IPG Photonics's current stock price is R$192.50. IPG Photonics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$134.81. IPG Photonics's Cyclically Adjusted PB Ratio of today is 1.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of IPG Photonics was 15.78. The lowest was 1.04. And the median was 6.06.


IPG Photonics Cyclically Adjusted Book per Share Historical Data

The historical data trend for IPG Photonics'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.

IPG Photonics Cyclically Adjusted Book per Share Chart

IPG Photonics 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 69.44 94.35 102.41 101.01 123.82

IPG Photonics 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 124.87 136.78 119.77 123.82 134.81

Competitive Comparison of IPG Photonics's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, IPG Photonics'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.


IPG Photonics's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, IPG Photonics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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IPG Photonics 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, IPG Photonics'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)
=138.83/134.9266*134.9266
=138.830

Current CPI (Mar. 2025) = 134.9266.

IPG Photonics Quarterly Data

Book Value per Share CPI Adj_Book
201506 34.301 100.684 45.967
201509 44.913 100.392 60.363
201512 46.214 99.792 62.485
201603 46.982 100.470 63.094
201606 45.829 101.688 60.809
201609 46.011 101.861 60.947
201612 49.050 101.863 64.971
201703 48.766 102.862 63.967
201706 55.579 103.349 72.561
201709 57.248 104.136 74.175
201712 62.126 104.011 80.592
201803 65.447 105.290 83.869
201806 76.233 106.317 96.747
201809 84.868 106.507 107.514
201812 80.891 105.998 102.968
201903 82.004 107.251 103.165
201906 85.789 108.070 107.109
201909 92.436 108.329 115.131
201912 92.980 108.420 115.712
202003 108.300 108.902 134.181
202006 118.844 108.767 147.427
202009 125.263 109.815 153.907
202012 124.836 109.897 153.268
202103 138.687 111.754 167.444
202106 127.138 114.631 149.647
202109 135.643 115.734 158.137
202112 146.496 117.630 168.038
202203 128.204 121.301 142.605
202206 132.672 125.017 143.189
202209 136.973 125.227 147.583
202212 129.960 125.222 140.032
202303 128.742 127.348 136.404
202306 122.896 128.729 128.813
202309 125.459 129.860 130.354
202312 127.750 129.419 133.186
202403 127.904 131.776 130.962
202406 137.216 132.554 139.672
202409 135.385 133.029 137.316
202412 145.144 133.157 147.073
202503 138.830 134.927 138.830

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


IPG Photonics  (BSP:I1PG34) 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.

IPG Photonics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=192.50/134.81
=1.43

* 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 IPG Photonics was 15.78. The lowest was 1.04. And the median was 6.06.


Be Aware

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


IPG Photonics Cyclically Adjusted Book per Share Related Terms

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


IPG Photonics Business Description

Industry
Traded in Other Exchanges
Address
377 Simarano Drive, Marlborough, MA, USA, 01752
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. The company operates in one segment which involves the design, development, production and distribution of fiber lasers, laser and non-laser systems, fiber amplifiers, and related optical components. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. The company generates a majority of its revenue from North America and also has its presence in China, Japan, Germany, and other markets.

IPG Photonics Headlines

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