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Texas Instruments (NEOE:TXN) Cyclically Adjusted Book per Share : C$1.60 (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 C$2.072. 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 C$1.60 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 (2025-05-29), Texas Instruments's current stock price is C$19.59. Texas Instruments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$1.60. Texas Instruments's Cyclically Adjusted PB Ratio of today is 12.24.

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 - - - - 1.56

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 - - 1.59 1.56 1.60

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)
=2.072/134.9266*134.9266
=2.072

Current CPI (Mar. 2025) = 134.9266.

Texas Instruments Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.976 100.684 1.308
201509 1.037 100.392 1.394
201512 1.079 99.792 1.459
201603 1.028 100.470 1.381
201606 1.024 101.688 1.359
201609 1.077 101.861 1.427
201612 1.122 101.863 1.486
201703 1.142 102.862 1.498
201706 1.148 103.349 1.499
201709 1.094 104.136 1.417
201712 1.074 104.011 1.393
201803 1.121 105.290 1.437
201806 1.146 106.317 1.454
201809 1.136 106.507 1.439
201812 1.023 105.998 1.302
201903 0.970 107.251 1.220
201906 0.965 108.070 1.205
201909 1.017 108.329 1.267
201912 1.007 108.420 1.253
202003 0.937 108.902 1.161
202006 0.905 108.767 1.123
202009 0.960 109.815 1.180
202012 1.024 109.897 1.257
202103 1.107 111.754 1.337
202106 1.181 114.631 1.390
202109 1.334 115.734 1.555
202112 1.477 117.630 1.694
202203 1.539 121.301 1.712
202206 1.577 125.017 1.702
202209 1.701 125.227 1.833
202212 1.748 125.222 1.883
202303 1.837 127.348 1.946
202306 1.865 128.729 1.955
202309 1.982 129.860 2.059
202312 1.995 129.419 2.080
202403 2.020 131.776 2.068
202406 2.067 132.554 2.104
202409 2.051 133.029 2.080
202412 2.114 133.157 2.142
202503 2.072 134.927 2.072

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


Texas Instruments  (NEOE:TXN) 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
=19.59/1.60
=12.24

* 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.