GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » IPG Photonics Corp (STU:IPF) » Definitions » Cyclically Adjusted Book per Share

IPG Photonics (STU:IPF) Cyclically Adjusted Book per Share : €46.92 (As of Dec. 2024)


View and export this data going back to 2013. Start your Free Trial

What is IPG Photonics 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.

IPG Photonics's adjusted book value per share for the three months ended in Dec. 2024 was €45.439. 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 €46.92 for the trailing ten years ended in Dec. 2024.

During the past 12 months, IPG Photonics's average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 19.30% 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 IPG Photonics was 24.00% per year. The lowest was 11.60% per year. And the median was 20.30% per year.

As of today (2025-05-10), IPG Photonics's current stock price is €53.42. IPG Photonics's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €46.92. IPG Photonics's Cyclically Adjusted PB Ratio of today is 1.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of IPG Photonics was 15.78. The lowest was 1.04. And the median was 6.20.


IPG Photonics Cyclically Adjusted Book per Share Historical Data

The historical data trend for IPG Photonics'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.

IPG Photonics Cyclically Adjusted Book per Share Chart

IPG Photonics 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 23.25 30.86 37.63 41.27 46.92

IPG Photonics Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 41.27 42.80 43.97 43.14 46.92

Competitive Comparison of IPG Photonics's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, IPG Photonics'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.


IPG Photonics's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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


;
;

IPG Photonics 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, IPG Photonics's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=45.439/133.1571*133.1571
=45.439

Current CPI (Dec. 2024) = 133.1571.

IPG Photonics Quarterly Data

Book Value per Share CPI Adj_Book
201503 18.946 99.621 25.324
201506 19.644 100.684 25.980
201509 20.505 100.392 27.197
201512 21.864 99.792 29.174
201603 22.818 100.470 30.242
201606 23.829 101.688 31.203
201609 25.203 101.861 32.946
201612 27.728 101.863 36.247
201703 29.158 102.862 37.746
201706 30.021 103.349 38.680
201709 30.666 104.136 39.212
201712 31.865 104.011 40.794
201803 32.374 105.290 40.943
201806 34.610 106.317 43.347
201809 35.403 106.507 44.262
201812 36.619 105.998 46.002
201903 37.792 107.251 46.921
201906 39.383 108.070 48.525
201909 40.749 108.329 50.088
201912 40.776 108.420 50.079
202003 40.118 108.902 49.053
202006 40.681 108.767 49.803
202009 39.389 109.815 47.762
202012 39.892 109.897 48.335
202103 41.347 111.754 49.266
202106 41.970 114.631 48.753
202109 43.682 115.734 50.258
202112 45.854 117.630 51.907
202203 46.785 121.301 51.358
202206 49.729 125.017 52.967
202209 52.766 125.227 56.108
202212 46.778 125.222 49.742
202303 46.171 127.348 48.277
202306 46.741 128.729 48.349
202309 47.606 129.860 48.815
202312 47.816 129.419 49.197
202403 47.259 131.776 47.754
202406 47.335 132.554 47.550
202409 44.054 133.029 44.096
202412 45.439 133.157 45.439

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


IPG Photonics  (STU:IPF) 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.

IPG Photonics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=53.42/46.92
=1.14

* 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 IPG Photonics was 15.78. The lowest was 1.04. And the median was 6.20.


Be Aware

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


IPG Photonics Cyclically Adjusted Book per Share Related Terms

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


IPG Photonics Business Description

Industry
Traded in Other Exchanges
Address
377 Simarano Drive, Marlborough, MA, USA, 01752
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. The company operates in one segment which involves the design, development, production and distribution of fiber lasers, laser and non-laser systems, fiber amplifiers, and related optical components. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. The company generates a majority of its revenue from North America and also has its presence in China, Japan, Germany, and other markets.

IPG Photonics Headlines

No Headlines