What is Aeroflex Holding Cyclically Adjusted PB Ratio?
Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.
Shiller PE for Stocks: The True Measure of Stock Valuation
Aeroflex Holding Cyclically Adjusted PB Ratio Historical Data
The historical data trend for Aeroflex Holding'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.
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Aeroflex Holding Cyclically Adjusted PB Ratio Chart
Competitive Comparison of Aeroflex Holding's Cyclically Adjusted PB Ratio
For the Electronic Components subindustry, Aeroflex Holding'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.
Aeroflex Holding's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Aeroflex Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Aeroflex Holding's Cyclically Adjusted PB Ratio falls into.
Aeroflex Holding 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.
Aeroflex Holding does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.
Aeroflex Holding (FRA:1AX) 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.
Aeroflex Holding Cyclically Adjusted PB Ratio Related Terms
Thank you for viewing the detailed overview of Aeroflex Holding's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Aeroflex Holding Corp is a provider of radio frequency, or RF, and microwave integrated circuits, components and systems used in the design, development and maintenance of technically demanding, high-performance wireless communication systems. Its solutions include microelectronic components and test and measurement equipment used by companies in the: commercial wireless communications; space, avionics and defense; and medical and other markets. The products it manufactures include RF, microwave and millimeter wave microelectronic components , or HiRel, and radiation hardened, or RadHard, integrated circuits, or ICs, and analog and mixed-signal devices. It also manufactures RF and microwave wireless radio and avionics test equipment and solutions particularly for the wireless, avionics and radio test markets. The Company operates in the following segments: Aeroflex Microelectronic Solutions, or AMS, and Aeroflex Test Solutions, or ATS. AMS offers microelectronics products and is a provider of high-performance, high reliability specialty products for the commercial wireless communications and the space, avionics and defense and medical and other markets. ATS is a provider of specialized test and measurement hardware and software products, primarily for the commercial wireless communications and the space, avionics and defense markets. AMS addresses value-added specialty markets requiring application specific, custom engineered, high-performance microelectronic solutions. ATS addresses value-added specialty markets requiring application specific, custom engineered, high-performance testing solutions. Its operations are subject to various federal, state, local, and foreign environmental laws, ordinances and regulations that limit discharges into the environment, establish standards for the handling, generation, use, emission, release, discharge, treatment, storage and disposal of, or exposure to, hazardous materials, substances and waste, and require cleanup of contaminated soil and groundwater.
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