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Texas Instruments (LTS:0R2H) Cyclically Adjusted Book per Share : $14.39 (As of Mar. 2025)


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What is Texas Instruments 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.

Texas Instruments's adjusted book value per share for the three months ended in Mar. 2025 was $18.048. 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 $14.39 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Texas Instruments's average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.50% 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 Texas Instruments was 18.60% per year. The lowest was 2.10% per year. And the median was 5.80% per year.

As of today (2025-05-30), Texas Instruments's current stock price is $184.65. Texas Instruments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $14.39. Texas Instruments's Cyclically Adjusted PB Ratio of today is 12.83.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Texas Instruments was 18.00. The lowest was 4.89. And the median was 11.71.


Texas Instruments Cyclically Adjusted Book per Share Historical Data

The historical data trend for Texas Instruments'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.

Texas Instruments Cyclically Adjusted Book per Share Chart

Texas Instruments 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 10.59 11.60 14.71 15.27 14.37

Texas Instruments 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 13.87 14.14 14.26 14.37 14.39

Competitive Comparison of Texas Instruments's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Texas Instruments'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.


Texas Instruments's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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


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Texas Instruments 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, Texas Instruments'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)
=18.048/134.9266*134.9266
=18.048

Current CPI (Mar. 2025) = 134.9266.

Texas Instruments Quarterly Data

Book Value per Share CPI Adj_Book
201506 9.868 100.684 13.224
201509 9.778 100.392 13.142
201512 9.835 99.792 13.298
201603 9.718 100.470 13.051
201606 9.929 101.688 13.174
201609 10.274 101.861 13.609
201612 10.515 101.863 13.928
201703 10.663 102.862 13.987
201706 10.797 103.349 14.096
201709 11.140 104.136 14.434
201712 10.514 104.011 13.639
201803 10.840 105.290 13.891
201806 10.914 106.317 13.851
201809 10.899 106.507 13.807
201812 9.516 105.998 12.113
201903 9.074 107.251 11.416
201906 9.080 108.070 11.337
201909 9.608 108.329 11.967
201912 9.557 108.420 11.893
202003 8.393 108.902 10.399
202006 8.349 108.767 10.357
202009 9.072 109.815 11.147
202012 9.993 109.897 12.269
202103 11.011 111.754 13.294
202106 12.082 114.631 14.221
202109 13.159 115.734 15.341
202112 14.430 117.630 16.552
202203 15.203 121.301 16.911
202206 15.401 125.017 16.622
202209 15.942 125.227 17.177
202212 16.089 125.222 17.336
202303 16.787 127.348 17.786
202306 17.555 128.729 18.400
202309 18.316 129.860 19.031
202312 18.589 129.419 19.380
202403 18.657 131.776 19.103
202406 18.854 132.554 19.191
202409 18.933 133.029 19.203
202412 18.550 133.157 18.797
202503 18.048 134.927 18.048

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


Texas Instruments  (LTS:0R2H) 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.

Texas Instruments's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=184.65/14.39
=12.83

* 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 Texas Instruments was 18.00. The lowest was 4.89. And the median was 11.71.


Be Aware

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


Texas Instruments Cyclically Adjusted Book per Share Related Terms

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


Texas Instruments Business Description

Industry
Address
12500 TI Boulevard, Dallas, TX, USA, 75243
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.

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