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Texas Instruments (BSP:TEXA34) Cyclically Adjusted PB Ratio : 12.40 (As of Jun. 03, 2025)


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What is Texas Instruments Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Texas Instruments's current share price is R$69.68. Texas Instruments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$5.62. Texas Instruments's Cyclically Adjusted PB Ratio for today is 12.40.

The historical rank and industry rank for Texas Instruments's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:TEXA34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.89   Med: 11.72   Max: 18
Current: 12.48

During the past years, Texas Instruments's highest Cyclically Adjusted PB Ratio was 18.00. The lowest was 4.89. And the median was 11.72.

BSP:TEXA34's Cyclically Adjusted PB Ratio is ranked worse than
94.38% of 712 companies
in the Semiconductors industry
Industry Median: 1.955 vs BSP:TEXA34: 12.48

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.

Texas Instruments's adjusted book value per share data for the three months ended in Mar. 2025 was R$6.928. 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 R$5.62 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Texas Instruments Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Texas Instruments's Cyclically Adjusted PB Ratio 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.

Texas Instruments Cyclically Adjusted PB Ratio Chart

Texas Instruments Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.38 16.32 13.11 12.63 12.97

Texas Instruments Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio 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 12.55 13.78 14.44 12.97 12.17

Competitive Comparison of Texas Instruments's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Texas Instruments'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.


Texas Instruments's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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


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Texas Instruments Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Texas Instruments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=69.68/5.62
=12.40

* 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.

Texas Instruments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Texas Instruments'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)
=6.928/134.9266*134.9266
=6.928

Current CPI (Mar. 2025) = 134.9266.

Texas Instruments Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.047 100.684 2.743
201509 2.544 100.392 3.419
201512 2.545 99.792 3.441
201603 2.396 100.470 3.218
201606 2.266 101.688 3.007
201609 2.228 101.861 2.951
201612 2.351 101.863 3.114
201703 2.223 102.862 2.916
201706 2.372 103.349 3.097
201709 2.326 104.136 3.014
201712 2.310 104.011 2.997
201803 2.370 105.290 3.037
201806 2.744 106.317 3.482
201809 2.985 106.507 3.782
201812 2.464 105.998 3.136
201903 2.323 107.251 2.922
201906 2.334 108.070 2.914
201909 2.639 108.329 3.287
201912 2.615 108.420 3.254
202003 2.734 108.902 3.387
202006 2.888 108.767 3.583
202009 3.266 109.815 4.013
202012 3.427 109.897 4.208
202103 4.137 111.754 4.995
202106 4.050 114.631 4.767
202109 4.631 115.734 5.399
202112 5.440 117.630 6.240
202203 5.044 121.301 5.611
202206 5.183 125.017 5.594
202209 5.573 125.227 6.005
202212 5.626 125.222 6.062
202303 5.829 127.348 6.176
202306 5.680 128.729 5.953
202309 6.031 129.860 6.266
202312 6.072 129.419 6.330
202403 6.194 131.776 6.342
202406 6.770 132.554 6.891
202409 6.990 133.029 7.090
202412 7.545 133.157 7.645
202503 6.928 134.927 6.928

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


Texas Instruments  (BSP:TEXA34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Texas Instruments Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Texas Instruments's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Texas Instruments Business Description

Address
12500 TI Boulevard, Dallas, TX, USA, 75243
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.

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