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A10 Networks (STU:8A0) Cyclically Adjusted Book per Share : €1.80 (As of Mar. 2024)


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What is A10 Networks 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.

A10 Networks's adjusted book value per share for the three months ended in Mar. 2024 was €2.649. 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 €1.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, A10 Networks's average Cyclically Adjusted Book Growth Rate was 13.10% 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.

As of today (2024-05-14), A10 Networks's current stock price is €14.40. A10 Networks's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €1.80. A10 Networks's Cyclically Adjusted PB Ratio of today is 8.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of A10 Networks was 12.21. The lowest was 5.87. And the median was 8.35.


A10 Networks Cyclically Adjusted Book per Share Historical Data

The historical data trend for A10 Networks'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.

A10 Networks Cyclically Adjusted Book per Share Chart

A10 Networks 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 - - - 1.58 1.77

A10 Networks 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 1.60 1.64 1.72 1.77 1.80

Competitive Comparison of A10 Networks's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, A10 Networks'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.


A10 Networks's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, A10 Networks's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where A10 Networks's Cyclically Adjusted PB Ratio falls into.



A10 Networks 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, A10 Networks'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)
=2.649/129.4194*129.4194
=2.649

Current CPI (Mar. 2024) = 129.4194.

A10 Networks Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.384 100.560 1.781
201409 1.355 100.428 1.746
201412 1.276 99.070 1.667
201503 1.318 99.621 1.712
201506 1.208 100.684 1.553
201509 1.140 100.392 1.470
201512 1.119 99.792 1.451
201603 1.054 100.470 1.358
201606 1.071 101.688 1.363
201609 1.097 101.861 1.394
201612 1.156 101.863 1.469
201703 1.196 102.862 1.505
201706 1.131 103.349 1.416
201709 1.066 104.136 1.325
201712 1.160 104.011 1.443
201803 1.119 105.290 1.375
201806 1.159 106.317 1.411
201809 1.168 106.507 1.419
201812 1.229 105.998 1.501
201903 1.139 107.251 1.374
201906 1.144 108.070 1.370
201909 1.209 108.329 1.444
201912 1.262 108.420 1.506
202003 1.302 108.902 1.547
202006 1.270 108.767 1.511
202009 1.367 109.815 1.611
202012 1.249 109.897 1.471
202103 1.358 111.754 1.573
202106 1.350 114.631 1.524
202109 2.233 115.734 2.497
202112 2.388 117.630 2.627
202203 2.231 121.301 2.380
202206 2.425 125.017 2.510
202209 2.212 125.227 2.286
202212 2.317 125.222 2.395
202303 2.335 127.348 2.373
202306 2.404 128.729 2.417
202309 2.468 129.860 2.460
202312 2.564 129.419 2.564
202403 2.649 129.419 2.649

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


A10 Networks  (STU:8A0) 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.

A10 Networks's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.40/1.8
=8.00

* 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 A10 Networks was 12.21. The lowest was 5.87. And the median was 8.35.


Be Aware

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


A10 Networks Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of A10 Networks's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


A10 Networks (STU:8A0) Business Description

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2300 Orchard Parkway, San Jose, CA, USA, 95131
A10 Networks Inc is a provider of secure application solutions and services that enables a new generation of intelligently connected companies, the ability to continuously improve cyber protection and digital responsiveness across dynamic Information Technology and network infrastructures. Its portfolio consists of six secure application solutions; Thunder Application Delivery Controller, Lightning Application Delivery Controller, Thunder Carrier Grade Networking, Thunder Threat Protection System, Thunder SSL Insight and Thunder Convergent Firewall, and two intelligent management and automation tools; Harmony Controller and aGalaxy TPS. Key revenue is generated from the Americas, with the rest coming from Europe, the Middle East and Africa, plus the Asia Pacific region.

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