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Nova (XTAE:NVMI) Cyclically Adjusted Book per Share : ₪61.29 (As of Mar. 2025)


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What is Nova 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.

Nova's adjusted book value per share for the three months ended in Mar. 2025 was ₪117.338. 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 ₪61.29 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Nova's average Cyclically Adjusted Book Growth Rate was 20.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 20.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 20.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 19.00% 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 Nova was 21.20% per year. The lowest was -0.80% per year. And the median was 17.70% per year.

As of today (2025-05-31), Nova's current stock price is ₪738.50. Nova's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₪61.29. Nova's Cyclically Adjusted PB Ratio of today is 12.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nova was 17.20. The lowest was 2.79. And the median was 7.17.


Nova Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nova'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.

Nova Cyclically Adjusted Book per Share Chart

Nova 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 23.57 27.50 38.22 47.74 57.51

Nova Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 50.50 54.17 56.57 57.51 61.29

Competitive Comparison of Nova's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Nova'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.


Nova's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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


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Nova 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, Nova's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=117.338/134.9266*134.9266
=117.338

Current CPI (Mar. 2025) = 134.9266.

Nova Quarterly Data

Book Value per Share CPI Adj_Book
201506 19.598 100.684 26.263
201509 20.048 100.392 26.945
201512 20.880 99.792 28.231
201603 21.453 100.470 28.810
201606 21.792 101.688 28.915
201609 21.201 101.861 28.083
201612 22.438 101.863 29.721
201703 24.412 102.862 32.022
201706 26.225 103.349 34.238
201709 27.378 104.136 35.473
201712 28.548 104.011 37.033
201803 30.393 105.290 38.948
201806 32.017 106.317 40.633
201809 33.878 106.507 42.918
201812 35.322 105.998 44.962
201903 36.427 107.251 45.827
201906 36.502 108.070 45.573
201909 37.820 108.329 47.106
201912 39.450 108.420 49.095
202003 41.026 108.902 50.830
202006 42.008 108.767 52.111
202009 43.976 109.815 54.032
202012 46.316 109.897 56.865
202103 48.567 111.754 58.637
202106 51.669 114.631 60.817
202109 55.282 115.734 64.449
202112 58.227 117.630 66.789
202203 60.891 121.301 67.731
202206 64.205 125.017 69.294
202209 67.739 125.227 72.986
202212 71.893 125.222 77.465
202303 76.951 127.348 81.531
202306 80.991 128.729 84.890
202309 84.839 129.860 88.149
202312 90.889 129.419 94.757
202403 95.750 131.776 98.039
202406 101.897 132.554 103.721
202409 108.853 133.029 110.406
202412 111.310 133.157 112.789
202503 117.338 134.927 117.338

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


Nova  (XTAE:NVMI) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=738.50/61.29
=12.05

* 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 Nova was 17.20. The lowest was 2.79. And the median was 7.17.


Be Aware

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


Nova Cyclically Adjusted Book per Share Related Terms

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


Nova Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nova Ltd (XTAE:NVMI) » Definitions » Cyclically Adjusted Book per Share
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5 David Fikes Street, Rehovot, ISR, 7632805
Nova Ltd is a semiconductor equipment manufacturer. The company provides metrology solutions for process control used in semiconductor manufacturing. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems. The product range consists of Nova 2040, Nova 3090Next, Nova i500 and i500 Plus, Nova T500, Nova T600, Nova V2600, HelioSense 100, Nova Hybrid Metrology solution, NovaMars. The company generates the majority of its revenue from China. Geographically the company has its business spread across the region of Taiwan, Korea, China, the United States, and Europe.