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Melexis NV (LTS:0FA0) Cyclically Adjusted Book per Share : €10.19 (As of Mar. 2024)


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What is Melexis NV 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.

Melexis NV's adjusted book value per share for the three months ended in Mar. 2024 was €14.901. 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 €10.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Melexis NV's average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.00% 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 Melexis NV was 16.00% per year. The lowest was 11.50% per year. And the median was 13.95% per year.

As of today (2024-06-05), Melexis NV's current stock price is €83.025. Melexis NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.19. Melexis NV's Cyclically Adjusted PB Ratio of today is 8.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Melexis NV was 20.74. The lowest was 7.02. And the median was 11.73.


Melexis NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for Melexis NV'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.

Melexis NV Cyclically Adjusted Book per Share Chart

Melexis NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.65 6.26 7.25 8.92 9.80

Melexis NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.92 9.06 9.55 9.80 10.19

Competitive Comparison of Melexis NV's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Melexis NV'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.


Melexis NV's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Melexis NV 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, Melexis NV's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=14.901/130.5518*130.5518
=14.901

Current CPI (Mar. 2024) = 130.5518.

Melexis NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.893 99.482 6.421
201409 5.520 99.195 7.265
201412 5.027 99.086 6.623
201503 5.497 99.423 7.218
201506 6.106 100.107 7.963
201509 6.814 100.245 8.874
201512 6.054 100.572 7.859
201603 6.632 101.653 8.517
201606 6.607 102.267 8.434
201609 7.237 102.118 9.252
201612 6.553 102.614 8.337
201703 7.179 103.972 9.014
201706 7.272 103.902 9.137
201709 8.013 104.170 10.042
201712 7.347 104.804 9.152
201803 8.067 105.419 9.990
201806 7.977 106.063 9.819
201809 8.724 106.618 10.682
201812 8.139 107.252 9.907
201903 8.497 107.876 10.283
201906 7.983 107.896 9.659
201909 8.391 107.470 10.193
201912 7.467 108.065 9.021
202003 7.978 108.550 9.595
202006 8.214 108.540 9.880
202009 8.573 108.441 10.321
202012 7.859 108.511 9.455
202103 9.256 109.522 11.033
202106 9.180 110.305 10.865
202109 10.095 111.543 11.815
202112 9.630 114.705 10.960
202203 10.839 118.620 11.929
202206 10.753 120.948 11.607
202209 12.001 124.120 12.623
202212 11.933 126.578 12.308
202303 13.169 126.528 13.588
202306 12.271 125.973 12.717
202309 13.691 127.083 14.065
202312 13.640 128.292 13.880
202403 14.901 130.552 14.901

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


Melexis NV  (LTS:0FA0) 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.

Melexis NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=83.025/10.19
=8.15

* 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 Melexis NV was 20.74. The lowest was 7.02. And the median was 11.73.


Be Aware

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


Melexis NV Cyclically Adjusted Book per Share Related Terms

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


Melexis NV (LTS:0FA0) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Melexis NV (LTS:0FA0) » Definitions » Cyclically Adjusted Book per Share
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Rozendaalstraat 12, Ieper, BEL, 8900
Melexis designs sensor integrated circuits, which are a type of analog/mixed-signal chip, for the automobile industry. Its chips measure variables like positioning, temperature, electrical current, and pressure and convert real-world signals into digital signals to control car functionalities like the powertrain, rotation, safety systems, and pumps and fans, among many others.

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