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TE Connectivity (STU:9TC) Cyclically Adjusted Book per Share : €17.55 (As of Mar. 2024)


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What is TE Connectivity 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.

TE Connectivity's adjusted book value per share for the three months ended in Mar. 2024 was €37.321. 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 €17.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TE Connectivity's average Cyclically Adjusted Book Growth Rate was 7.30% 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 7.10% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of TE Connectivity was 7.80% per year. The lowest was 2.50% per year. And the median was 5.60% per year.

As of today (2024-06-22), TE Connectivity's current stock price is €83.50. TE Connectivity's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €17.55. TE Connectivity's Cyclically Adjusted PB Ratio of today is 4.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TE Connectivity was 6.61. The lowest was 2.46. And the median was 4.27.


TE Connectivity Cyclically Adjusted Book per Share Historical Data

The historical data trend for TE Connectivity'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.

TE Connectivity Cyclically Adjusted Book per Share Chart

TE Connectivity Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.93 19.99 15.22 20.66 19.83

TE Connectivity 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 18.11 17.24 19.83 17.72 17.55

Competitive Comparison of TE Connectivity's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, TE Connectivity'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.


TE Connectivity's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



TE Connectivity 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, TE Connectivity'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)
=37.321/107.3549*107.3549
=37.321

Current CPI (Mar. 2024) = 107.3549.

TE Connectivity Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.885 101.517 16.799
201409 17.144 101.247 18.178
201412 18.264 100.704 19.470
201503 20.403 100.339 21.830
201506 20.139 100.464 21.520
201509 21.676 99.785 23.320
201512 20.958 99.386 22.638
201603 18.603 99.475 20.077
201606 20.639 100.088 22.138
201609 21.279 99.604 22.935
201612 23.565 99.380 25.456
201703 23.034 100.040 24.718
201706 23.002 100.285 24.624
201709 23.261 100.254 24.909
201712 23.160 100.213 24.811
201803 21.927 100.836 23.345
201806 23.321 101.435 24.682
201809 26.921 101.246 28.545
201812 26.514 100.906 28.209
201903 26.221 101.571 27.714
201906 27.943 102.044 29.397
201909 28.642 101.396 30.325
201912 28.410 101.063 30.179
202003 24.782 101.048 26.329
202006 24.316 100.743 25.912
202009 24.092 100.585 25.714
202012 24.485 100.241 26.223
202103 24.580 100.800 26.178
202106 25.376 101.352 26.879
202109 27.639 101.533 29.224
202112 29.915 101.776 31.555
202203 29.370 103.205 30.551
202206 30.806 104.783 31.562
202209 34.300 104.835 35.125
202212 33.866 104.666 34.736
202303 32.632 106.245 32.973
202306 33.339 106.576 33.583
202309 34.692 106.570 34.948
202312 38.930 106.461 39.257
202403 37.321 107.355 37.321

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


TE Connectivity  (STU:9TC) 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.

TE Connectivity's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=83.50/17.55
=4.76

* 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 TE Connectivity was 6.61. The lowest was 2.46. And the median was 4.27.


Be Aware

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


TE Connectivity Cyclically Adjusted Book per Share Related Terms

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


TE Connectivity (STU:9TC) Business Description

Industry
Traded in Other Exchanges
Address
Muhlenstrasse 26, Schaffhausen, CHE, CH-8200
TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.

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