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EMC (FRA:EMP) Cyclically Adjusted PB Ratio : (As of May. 11, 2024)


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What is EMC Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


EMC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for EMC'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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EMC Cyclically Adjusted PB Ratio Chart

EMC Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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EMC Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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Competitive Comparison of EMC's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, EMC'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.


EMC's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



EMC 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.

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

For example, EMC'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)
=10.069/101.6881*101.6881
=10.069

Current CPI (Jun. 2016) = 101.6881.

EMC Quarterly Data

Book Value per Share CPI Adj_Book
200609 3.912 85.606 4.647
200612 3.683 85.142 4.399
200703 3.720 86.640 4.366
200706 3.779 87.906 4.371
200709 4.074 87.964 4.710
200712 4.092 88.616 4.696
200803 3.855 90.090 4.351
200806 4.019 92.320 4.427
200809 4.460 92.307 4.913
200812 4.902 88.697 5.620
200903 5.166 89.744 5.854
200906 4.963 91.003 5.546
200909 4.980 91.120 5.558
200912 5.197 91.111 5.800
201003 5.728 91.821 6.344
201006 6.478 91.962 7.163
201009 6.228 92.162 6.872
201012 6.359 92.474 6.993
201103 6.073 94.283 6.550
201106 6.118 95.235 6.533
201109 6.382 95.727 6.779
201112 7.163 95.213 7.650
201203 7.230 96.783 7.596
201206 7.951 96.819 8.351
201209 7.995 97.633 8.327
201212 8.086 96.871 8.488
201303 8.327 98.209 8.622
201306 8.229 98.518 8.494
201309 8.112 98.790 8.350
201312 8.059 98.326 8.335
201403 7.929 99.695 8.088
201406 8.098 100.560 8.189
201409 8.645 100.428 8.753
201412 8.946 99.070 9.182
201503 9.729 99.621 9.931
201506 9.294 100.684 9.387
201509 9.395 100.392 9.516
201512 9.988 99.792 10.178
201603 9.918 100.470 10.038
201606 10.069 101.688 10.069

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.


EMC  (FRA:EMP) 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.


EMC Cyclically Adjusted PB Ratio Related Terms

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


EMC (FRA:EMP) Business Description

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EMC Corp is a Massachusetts corporation, incorporated in 1979. The Company together with its subsidiaries supports the businesses and service providers to transform information technology (IT) operations to an as a service model (ITaaS). The Company operates in three segments: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure. The Company's information infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure ever-increasing quantities of information, while at the same time improving business agility, lowering cost and increasing competitive advantage. VMware Virtual Infrastructure provides virtualization infrastructure solutions. Pivotal provides application and data infrastructure software, agile development services and data science consulting. The Company offers a comprehensive portfolio of enterprise storage systems and software - including high-end EMC VMAX and mid-tier EMC VNX unified storage and a portfolio of backup products that support enterprise application workloads. The Company's two additional storage families, EMC Isilon and EMC Atmos, are specifically designed to handle vast quantities of unstructured data. EMC supports a broad range of customers, including service providers, around the world - in every industry, in both public and private sectors, and of sizes ranging from the Fortune 500 to small business and individual consumers. The Company markets its products through direct sales and through multiple distribution channels. It has a direct sales presence throughout North America, Latin America, Europe, the Middle East, South Africa and the Asia Pacific region. The Company also has agreements in place with many partners, including value-added resellers and distributors, cloud service providers, systems integrators, outsourcers, Independent Software Vendors ("ISVs"), and Original Equipment Manufacturers ("OEMs"). The Company competes with many companies in the markets it serve, including companies that offer IT products and services and others that offer specific information storage, protection, security, management and intelligence, data analytics or virtualization products or services.

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