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Calix (FRA:CXA) Cyclically Adjusted Book per Share : €6.42 (As of Mar. 2025)


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What is Calix 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.

Calix's adjusted book value per share for the three months ended in Mar. 2025 was €10.802. 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 €6.42 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Calix's average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.60% 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 Calix was 10.70% per year. The lowest was 4.60% per year. And the median was 7.80% per year.

As of today (2025-05-23), Calix's current stock price is €41.20. Calix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €6.42. Calix's Cyclically Adjusted PB Ratio of today is 6.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Calix was 15.71. The lowest was 1.23. And the median was 5.76.


Calix Cyclically Adjusted Book per Share Historical Data

The historical data trend for Calix'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.

Calix Cyclically Adjusted Book per Share Chart

Calix 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 3.85 4.53 5.25 5.65 6.57

Calix 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 6.02 6.14 5.97 6.57 6.42

Competitive Comparison of Calix's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Calix'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.


Calix's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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


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Calix 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, Calix'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)
=10.802/134.9266*134.9266
=10.802

Current CPI (Mar. 2025) = 134.9266.

Calix Quarterly Data

Book Value per Share CPI Adj_Book
201506 4.473 100.684 5.994
201509 4.467 100.392 6.004
201512 4.372 99.792 5.911
201603 4.037 100.470 5.421
201606 3.900 101.688 5.175
201609 3.991 101.861 5.287
201612 4.088 101.863 5.415
201703 3.432 102.862 4.502
201706 2.925 103.349 3.819
201709 2.504 104.136 3.244
201712 2.378 104.011 3.085
201803 2.165 105.290 2.774
201806 2.278 106.317 2.891
201809 2.324 106.507 2.944
201812 2.475 105.998 3.150
201903 2.383 107.251 2.998
201906 2.350 108.070 2.934
201909 2.391 108.329 2.978
201912 2.456 108.420 3.056
202003 2.412 108.902 2.988
202006 2.431 108.767 3.016
202009 3.402 109.815 4.180
202012 3.709 109.897 4.554
202103 4.206 111.754 5.078
202106 4.539 114.631 5.343
202109 7.144 115.734 8.329
202112 7.827 117.630 8.978
202203 8.317 121.301 9.251
202206 8.948 125.017 9.657
202209 9.997 125.227 10.771
202212 9.759 125.222 10.515
202303 10.121 127.348 10.723
202306 10.323 128.729 10.820
202309 10.669 129.860 11.085
202312 10.135 129.419 10.566
202403 10.428 131.776 10.677
202406 10.649 132.554 10.840
202409 10.579 133.029 10.730
202412 11.226 133.157 11.375
202503 10.802 134.927 10.802

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


Calix  (FRA:CXA) 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.

Calix's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=41.20/6.42
=6.42

* 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 Calix was 15.71. The lowest was 1.23. And the median was 5.76.


Be Aware

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


Calix Cyclically Adjusted Book per Share Related Terms

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


Calix Business Description

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2777 Orchard Parkway, San Jose, CA, USA, 95134
Calix Inc develops, markets and sells its appliance-based platform, cloud and managed services that enable service providers of all types and sizes to innovate and transform their businesses. The company's customers utilize the real-time data and insights from Calix platforms to simplify their business and deliver experiences that excite their subscribers. The resulting growth in subscriber acquisition, loyalty and revenue creates more value for their businesses and communities. The Company's revenue is principally derived in the United States and it also has its presence in Middle East & Africa, Europe, Asia Pacific and other markets.

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