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SolarEdge Technologies (WBO:SEDG) Cyclically Adjusted Book per Share : €19.03 (As of Mar. 2024)


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What is SolarEdge Technologies 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.

SolarEdge Technologies's adjusted book value per share for the three months ended in Mar. 2024 was €36.295. 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 €19.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SolarEdge Technologies's average Cyclically Adjusted Book Growth Rate was 23.20% 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 (2024-05-21), SolarEdge Technologies's current stock price is €44.52. SolarEdge Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €19.03. SolarEdge Technologies's Cyclically Adjusted PB Ratio of today is 2.34.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of SolarEdge Technologies was 19.07. The lowest was 2.35. And the median was 5.03.


SolarEdge Technologies Cyclically Adjusted Book per Share Historical Data

The historical data trend for SolarEdge Technologies'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.

SolarEdge Technologies Cyclically Adjusted Book per Share Chart

SolarEdge Technologies Annual Data
Trend Jun14 Jun15 Jun16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 18.48

SolarEdge Technologies 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 15.48 16.00 18.37 18.48 19.03

Competitive Comparison of SolarEdge Technologies's Cyclically Adjusted Book per Share

For the Solar subindustry, SolarEdge Technologies'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.


SolarEdge Technologies's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



SolarEdge Technologies 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, SolarEdge Technologies'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)
=36.295/131.7762*131.7762
=36.295

Current CPI (Mar. 2024) = 131.7762.

SolarEdge Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 -3.147 100.560 -4.124
201409 0.000 100.428 0.000
201412 0.260 99.070 0.346
201503 3.555 99.621 4.702
201506 3.785 100.684 4.954
201509 4.154 100.392 5.453
201512 4.830 99.792 6.378
201603 5.215 100.470 6.840
201606 5.574 101.688 7.223
201609 5.991 101.861 7.750
201612 0.000 101.863 0.000
201703 6.917 102.862 8.861
201706 7.099 103.349 9.052
201709 7.232 104.136 9.152
201712 7.666 104.011 9.712
201803 7.952 105.290 9.952
201806 9.123 106.317 11.308
201809 10.096 106.507 12.491
201812 10.735 105.998 13.346
201903 11.669 107.251 14.337
201906 12.437 108.070 15.165
201909 13.683 108.329 16.645
201912 14.939 108.420 18.157
202003 15.809 108.902 19.130
202006 16.400 108.767 19.869
202009 17.111 109.815 20.533
202012 17.309 109.897 20.755
202103 17.780 111.754 20.965
202106 18.704 114.631 21.501
202109 20.102 115.734 22.888
202112 21.952 117.630 24.592
202203 32.961 121.301 35.807
202206 34.477 125.017 36.341
202209 37.082 125.227 39.021
202212 36.600 125.222 38.516
202303 38.969 127.348 40.324
202306 41.130 128.729 42.104
202309 41.075 129.860 41.681
202312 38.718 129.419 39.423
202403 36.295 131.776 36.295

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


SolarEdge Technologies  (WBO:SEDG) 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.

SolarEdge Technologies's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=44.52/19.03
=2.34

* 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 12 years, the highest Cyclically Adjusted PB Ratio of SolarEdge Technologies was 19.07. The lowest was 2.35. And the median was 5.03.


Be Aware

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


SolarEdge Technologies Cyclically Adjusted Book per Share Related Terms

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


SolarEdge Technologies (WBO:SEDG) Business Description

Traded in Other Exchanges
Address
1 HaMada Street, Post Box 12001, Herziliya Pituach, ISR, 4673335
SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers. Additionally, the company has nonsolar products targeting energy storage and e-mobility.

SolarEdge Technologies (WBO:SEDG) Headlines

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