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SOTK (Sono-Tek) Cyclically Adjusted Book per Share : $0.81 (As of Aug. 2024)


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What is Sono-Tek 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.

Sono-Tek's adjusted book value per share for the three months ended in Aug. 2024 was $1.082. 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 $0.81 for the trailing ten years ended in Aug. 2024.

During the past 12 months, Sono-Tek's average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.70% 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 Sono-Tek was 26.00% per year. The lowest was 5.70% per year. And the median was 11.40% per year.

As of today (2024-12-11), Sono-Tek's current stock price is $4.72. Sono-Tek's Cyclically Adjusted Book per Share for the quarter that ended in Aug. 2024 was $0.81. Sono-Tek's Cyclically Adjusted PB Ratio of today is 5.83.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sono-Tek was 14.13. The lowest was 2.26. And the median was 5.31.


Sono-Tek Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sono-Tek'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.

Sono-Tek Cyclically Adjusted Book per Share Chart

Sono-Tek Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.55 0.63 0.71 0.77

Sono-Tek Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 0.74 0.75 0.77 0.79 0.81

Competitive Comparison of Sono-Tek's Cyclically Adjusted Book per Share

For the Scientific & Technical Instruments subindustry, Sono-Tek'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.


Sono-Tek's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sono-Tek's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sono-Tek 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, Sono-Tek's adjusted Book Value per Share data for the three months ended in Aug. 2024 was:

Adj_Book= Book Value per Share /CPI of Aug. 2024 (Change)*Current CPI (Aug. 2024)
=1.082/132.8158*132.8158
=1.082

Current CPI (Aug. 2024) = 132.8158.

Sono-Tek Quarterly Data

Book Value per Share CPI Adj_Book
201411 0.470 99.635 0.627
201502 0.478 99.032 0.641
201505 0.489 100.333 0.647
201508 0.500 100.548 0.660
201511 0.517 100.135 0.686
201602 0.513 100.040 0.681
201605 0.520 101.355 0.681
201608 0.518 101.617 0.677
201611 0.521 101.829 0.680
201702 0.530 102.779 0.685
201705 0.533 103.256 0.686
201708 0.540 103.587 0.692
201711 0.556 104.072 0.710
201802 0.560 105.052 0.708
201805 0.562 106.148 0.703
201808 0.560 106.383 0.699
201811 0.561 106.338 0.701
201902 0.565 106.649 0.704
201905 0.563 108.048 0.692
201908 0.573 108.245 0.703
201911 0.593 108.519 0.726
202002 0.637 109.139 0.775
202005 0.646 108.175 0.793
202008 0.657 109.662 0.796
202011 0.678 109.793 0.820
202102 0.709 110.968 0.849
202105 0.789 113.576 0.923
202108 0.811 115.421 0.933
202111 0.831 117.269 0.941
202202 0.874 119.703 0.970
202205 0.897 123.323 0.966
202208 0.910 124.958 0.967
202211 0.920 125.607 0.973
202302 0.930 126.928 0.973
202305 0.936 128.314 0.969
202308 0.973 129.538 0.998
202311 1.020 129.548 1.046
202402 1.034 130.930 1.049
202405 1.058 132.509 1.060
202408 1.082 132.816 1.082

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


Sono-Tek  (NAS:SOTK) 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.

Sono-Tek's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.72/0.81
=5.83

* 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 Sono-Tek was 14.13. The lowest was 2.26. And the median was 5.31.


Be Aware

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


Sono-Tek Cyclically Adjusted Book per Share Related Terms

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


Sono-Tek Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sono-Tek Corp (NAS:SOTK) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
2012 Route 9W, Milton, NY, USA, 12547
Sono-Tek Corp designs and manufactures ultrasonic coating systems that apply precise, thin film coatings to a multitude of products for the microelectronics/electronics, alternative energy, medical, and industrial markets, including specialized glass applications in construction and automotive. It sells products to emerging research and development and other markets. Its ultrasonic nozzle systems use high-frequency, ultrasonic vibrations that atomize liquids into minute drops that can be applied to surfaces at low velocity providing thin layers of protective materials over a surface such as glass or metals.
Executives
Stephen James Bagley officer: Chief Financial Officer SONO-TEK CORPORATION, 2012 ROUTE 9W, MILTON NY 12547
Christopher L Coccio director, officer: CEO & President SONO-TEK CORP, 2012 RT 9W, MILTON NY 12547
Joseph Riemer officer: Vice President of Engineering SONO-TEK CORP, 2012 RT 9W, MILTON NY 12547
Robb William Engle officer: VP 164 LUCAS AVENUE, KINGSTON NY 12401
Philip A Strasburg director, officer: Treasurer 19380 CEDAR GLEN DR., BOCA RATON FL 33434
Christopher Cichetti officer: Vice President SONO-TEK CORP., 2012 RT 9W, MILTON NY 12547
Maria T Kuha officer: VP 9 SUNRISE DRIVE, MILTON NY 12547
Carol A O'donnell director 540 JOAN DRIVE, FAIRFILED CT 06824-2207
Eric Haskell director 518 CANDACE LANE, VILLANOVA PA 19085
Samuel Schwartz director, 10 percent owner, other: Chairman 877 ROUTE 9W, UPPER GRANDVIEW NY 10960
Bennett Bruntil officer: Vice President 351 DUBOIS ROAD, NEW PALTZ NY 12561
Handler Edward J Iii director 31 HANCOCK LANE, DARIEN CT 06820-2511
R Stephen Harshbarger officer: Vice President of Sales ROUTE 22, PAWLING NY 12564
Donald F Mowbray director 103 JENKINS ROAD, BURNT HILLS NY 12027
Norwood Venture Corp other: Former 10% Owner 174 DEZENZO LANE, WEST ORANGE NJ 07052