Tyco International (BUE:JCI) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Tyco International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tyco International  (BUE:JCI) 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.


Tyco International Cyclically Adjusted PB Ratio Related Terms


Tyco International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tyco International'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.

Tyco International Cyclically Adjusted PB Ratio Chart

Tyco International Annual Data
Trend Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15
Cyclically Adjusted PB Ratio
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Tyco International Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 0.00 0.00 0.00 0.00 0.00

BUE:JCI vs ALLE, ADT, MSA: Cyclically Adjusted PB Ratio Comparison

For the Security & Protection Services subindustry, Tyco International'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.


Tyco International Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Tyco International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tyco International 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.

Tyco International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2016 is calculated as:

For example, Tyco International's adjusted Book Value per Share data for the three months ended in Jun. 2016 was:

Adj_Book=Book Value per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=747.237/101.0715*101.0715
=747.237

Current CPI (Jun. 2016) = 101.0715.

Tyco International Quarterly Data

Book Value per Share CPI Adj_Book
200609 1,154.716 93.696 1,245.619
200612 1,164.169 94.393 1,246.534
200703 1,207.127 95.689 1,275.028
200706 497.731 96.985 518.704
200709 519.185 97.982 535.558
200712 527.809 98.779 540.059
200803 546.084 100.474 549.334
200806 530.336 101.769 526.700
200809 532.402 102.268 526.175
200812 568.886 99.875 575.699
200903 488.910 97.782 505.356
200906 528.661 96.287 554.930
200909 543.195 95.589 574.348
200912 552.207 94.892 588.170
201003 551.303 94.792 587.825
201006 576.629 95.490 610.336
201009 597.874 95.988 629.537
201012 617.832 96.187 649.204
201103 629.473 97.683 651.312
201106 657.787 98.081 677.842
201109 670.436 98.480 688.079
201112 695.465 98.480 713.767
201203 722.302 99.875 730.952
201206 742.326 99.676 752.718
201209 265.715 100.075 268.361
201212 283.752 99.676 287.724
201303 271.278 100.374 273.164
201306 284.322 100.374 286.298
201309 330.399 100.274 333.026
201312 369.947 99.875 374.377
201403 452.867 100.573 455.111
201406 568.265 100.773 569.951
201409 479.814 100.474 482.670
201412 451.506 99.576 458.285
201503 458.721 99.975 463.752
201506 485.854 100.573 488.262
201509 471.030 100.274 474.776
201512 640.488 99.676 649.454
201603 745.379 99.676 755.814
201606 747.237 101.072 747.237

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.


Tyco International Business Description

Address Unit 1202 Building 1000 City Gate, Mahon, Cork, IRL, 8212
Tyco International PLC is a provider of security products and services, fire detection and suppression products and services, and life safety products. Brand names include Tyco, Tyco Integrated Security, SimplexGrinnell, Sensormatic, Wormald, Scott, and ADT (outside North American markets). The revenue breakdown is 37% North America installation and services, 38% rest of world installation and services, and 25% global products. Tyco completed its spin-off of ADT and the flow control business in September 2012, five years after its prior three-way split.