GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Circuit Research Labs Inc (OTCPK:CRLI) » Definitions » Cyclically Adjusted PB Ratio

Circuit Research Labs (Circuit Research Labs) Cyclically Adjusted PB Ratio : (As of Jun. 23, 2024)


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

What is Circuit Research Labs Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Circuit Research Labs Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Circuit Research Labs'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.

Circuit Research Labs Cyclically Adjusted PB Ratio Chart

Circuit Research Labs Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Circuit Research Labs Quarterly Data
Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
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 - - - - -

Competitive Comparison of Circuit Research Labs's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Circuit Research Labs'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.


Circuit Research Labs's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Circuit Research Labs's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Circuit Research Labs 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.

Circuit Research Labs's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2008 is calculated as:

For example, Circuit Research Labs's adjusted Book Value per Share data for the three months ended in Sep. 2008 was:

Adj_Book=Book Value per Share/CPI of Sep. 2008 (Change)*Current CPI (Sep. 2008)
=0.28/92.3069*92.3069
=0.280

Current CPI (Sep. 2008) = 92.3069.

Circuit Research Labs Quarterly Data

Book Value per Share CPI Adj_Book
199812 1.184 69.151 1.580
199903 0.000 69.615 0.000
199906 0.000 70.122 0.000
199909 0.000 70.839 0.000
199912 1.409 71.008 1.832
200003 1.266 72.231 1.618
200006 3.175 72.737 4.029
200009 1.389 73.286 1.750
200012 0.885 73.413 1.113
200103 0.882 74.341 1.095
200106 0.974 75.100 1.197
200109 0.795 75.227 0.976
200112 0.032 74.552 0.040
200203 0.279 75.438 0.341
200206 0.144 75.902 0.175
200209 -0.005 76.366 -0.006
200212 -0.173 76.324 -0.209
200303 -0.247 77.716 -0.293
200306 -0.195 77.505 -0.232
200309 -0.156 78.138 -0.184
200312 -0.209 77.758 -0.248
200403 -0.213 79.066 -0.249
200406 -0.266 80.037 -0.307
200409 -0.305 80.121 -0.351
200412 -0.534 80.290 -0.614
200503 -0.314 81.555 -0.355
200506 0.412 82.062 0.463
200509 0.445 83.876 0.490
200512 0.436 83.032 0.485
200603 0.342 84.298 0.374
200606 0.440 85.606 0.474
200609 0.396 85.606 0.427
200612 0.271 85.142 0.294
200703 0.215 86.640 0.229
200706 0.266 87.906 0.279
200709 0.246 87.964 0.258
200712 0.282 88.616 0.294
200803 0.285 90.090 0.292
200806 0.273 92.320 0.273
200809 0.280 92.307 0.280

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.


Circuit Research Labs  (OTCPK:CRLI) 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.


Circuit Research Labs Cyclically Adjusted PB Ratio Related Terms

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


Circuit Research Labs (Circuit Research Labs) Business Description

Traded in Other Exchanges
N/A
Address
7970 S. Kyrene Road, Tempe, AZ, USA, 85282
Website
Circuit Research Labs Inc develops manufactures and markets electronic audio processing, transmission encoding and noise reduction equipment for the radio, television, cable, Internet and professional audio markets.

Circuit Research Labs (Circuit Research Labs) Headlines

No Headlines