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Qorvo (FRA:2QO) Cyclically Adjusted PB Ratio : 1.93 (As of Jan. 18, 2025)


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What is Qorvo Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Qorvo's current share price is €79.27. Qorvo's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €41.07. Qorvo's Cyclically Adjusted PB Ratio for today is 1.93.

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

FRA:2QO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.43   Med: 2.4   Max: 2.85
Current: 1.84

During the past years, Qorvo's highest Cyclically Adjusted PB Ratio was 2.85. The lowest was 1.43. And the median was 2.40.

FRA:2QO's Cyclically Adjusted PB Ratio is ranked better than
64.2% of 567 companies
in the Semiconductors industry
Industry Median: 2.41 vs FRA:2QO: 1.84

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.

Qorvo's adjusted book value per share data for the three months ended in Sep. 2024 was €32.458. 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 €41.07 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qorvo Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Qorvo'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.

Qorvo Cyclically Adjusted PB Ratio Chart

Qorvo Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2.64

Qorvo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.26 2.68 2.64 2.60 2.26

Competitive Comparison of Qorvo's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Qorvo'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.


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

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

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



Qorvo 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.

Qorvo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=79.27/41.07
=1.93

* 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.

Qorvo's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Qorvo's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=32.458/133.0289*133.0289
=32.458

Current CPI (Sep. 2024) = 133.0289.

Qorvo Quarterly Data

Book Value per Share CPI Adj_Book
201412 4.892 99.070 6.569
201503 38.267 99.621 51.100
201506 36.838 100.684 48.672
201509 36.102 100.392 47.839
201512 36.801 99.792 49.058
201603 35.245 100.470 46.667
201606 35.049 101.688 45.851
201609 34.914 101.861 45.597
201612 36.493 101.863 47.659
201703 36.203 102.862 46.820
201706 34.367 103.349 44.237
201709 32.366 104.136 41.346
201712 32.211 104.011 41.197
201803 30.660 105.290 38.738
201806 31.883 106.317 39.894
201809 31.746 106.507 39.651
201812 32.711 105.998 41.053
201903 32.406 107.251 40.195
201906 32.546 108.070 40.063
201909 33.304 108.329 40.897
201912 33.744 108.420 41.403
202003 33.892 108.902 41.401
202006 33.789 108.767 41.326
202009 32.790 109.815 39.722
202012 32.675 109.897 39.553
202103 34.549 111.754 41.126
202106 34.693 114.631 40.261
202109 36.380 115.734 41.816
202112 38.010 117.630 42.986
202203 38.892 121.301 42.652
202206 39.369 125.017 41.892
202209 42.772 125.227 45.437
202212 39.305 125.222 41.756
202303 36.951 127.348 38.599
202306 35.887 128.729 37.086
202309 36.682 129.860 37.577
202312 34.509 129.419 35.471
202403 34.154 131.776 34.479
202406 34.106 132.554 34.228
202409 32.458 133.029 32.458

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.


Qorvo  (FRA:2QO) 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.


Qorvo Cyclically Adjusted PB Ratio Related Terms

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


Qorvo Business Description

Industry
Traded in Other Exchanges
Address
7628 Thorndike Road, Greensboro, NC, USA, 27409-9421
Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

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