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F5 (STU:FFV) Cyclically Adjusted Book per Share : €31.49 (As of Mar. 2024)


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What is F5 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.

F5's adjusted book value per share for the three months ended in Mar. 2024 was €46.044. 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 €31.49 for the trailing ten years ended in Mar. 2024.

During the past 12 months, F5's average Cyclically Adjusted Book Growth Rate was 10.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.80% 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 F5 was 19.80% per year. The lowest was 8.30% per year. And the median was 14.00% per year.

As of today (2024-06-11), F5's current stock price is €154.60. F5's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €31.49. F5's Cyclically Adjusted PB Ratio of today is 4.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of F5 was 11.43. The lowest was 4.34. And the median was 7.91.


F5 Cyclically Adjusted Book per Share Historical Data

The historical data trend for F5'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.

F5 Cyclically Adjusted Book per Share Chart

F5 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 17.78 18.85 22.13 30.14 30.57

F5 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 28.31 29.16 30.57 29.72 31.49

Competitive Comparison of F5's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, F5'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.


F5's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, F5's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where F5's Cyclically Adjusted PB Ratio falls into.



F5 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, F5'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)
=46.044/131.7762*131.7762
=46.044

Current CPI (Mar. 2024) = 131.7762.

F5 Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.854 100.560 18.155
201409 14.479 100.428 18.999
201412 15.130 99.070 20.125
201503 17.040 99.621 22.540
201506 16.653 100.684 21.796
201509 16.727 100.392 21.956
201512 16.858 99.792 22.261
201603 15.833 100.470 20.766
201606 15.958 101.688 20.680
201609 16.169 101.861 20.918
201612 17.486 101.863 22.621
201703 17.276 102.862 22.132
201706 16.872 103.349 21.513
201709 16.479 104.136 20.853
201712 16.767 104.011 21.243
201803 16.277 105.290 20.372
201806 17.818 106.317 22.085
201809 18.296 106.507 22.637
201812 20.625 105.998 25.641
201903 21.755 107.251 26.730
201906 23.899 108.070 29.142
201909 26.495 108.329 32.230
201912 28.560 108.420 34.712
202003 29.827 108.902 36.092
202006 31.271 108.767 37.886
202009 31.018 109.815 37.221
202012 32.031 109.897 38.408
202103 28.085 111.754 33.117
202106 30.175 114.631 34.688
202109 33.077 115.734 37.662
202112 35.064 117.630 39.281
202203 35.998 121.301 39.107
202206 36.899 125.017 38.894
202209 41.658 125.227 43.837
202212 40.550 125.222 42.672
202303 42.102 127.348 43.566
202306 41.367 128.729 42.346
202309 44.316 129.860 44.970
202312 44.620 129.419 45.433
202403 46.044 131.776 46.044

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


F5  (STU:FFV) 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.

F5's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=154.60/31.49
=4.91

* 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 F5 was 11.43. The lowest was 4.34. And the median was 7.91.


Be Aware

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


F5 Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of F5's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


F5 (STU:FFV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » F5 Inc (STU:FFV) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, has about 6,500 employees, and generates about 55% its revenue within the Americas, 25% in EMEA, and 20% in APAC/Japan.

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