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LSI (FRA:LOG) Cyclically Adjusted PB Ratio : (As of May. 24, 2024)


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What is LSI Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LSI Cyclically Adjusted PB Ratio Historical Data

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

LSI Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted PB Ratio
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LSI Quarterly Data
Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14
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Competitive Comparison of LSI's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, LSI'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.


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

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

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



LSI 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.

LSI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2014 is calculated as:

For example, LSI's adjusted Book Value per Share data for the three months ended in Mar. 2014 was:

Adj_Book=Book Value per Share/CPI of Mar. 2014 (Change)*Current CPI (Mar. 2014)
=1.873/99.6945*99.6945
=1.873

Current CPI (Mar. 2014) = 99.6945.

LSI Quarterly Data

Book Value per Share CPI Adj_Book
200406 4.375 80.037 5.450
200409 3.791 80.121 4.717
200412 3.125 80.290 3.880
200503 3.143 81.555 3.842
200506 3.455 82.062 4.197
200509 3.315 83.876 3.940
200512 3.494 83.032 4.195
200603 3.431 84.298 4.058
200606 3.394 85.606 3.953
200609 3.512 85.606 4.090
200612 3.506 85.142 4.105
200703 3.567 86.640 4.104
200706 4.846 87.906 5.496
200709 4.659 87.964 5.280
200712 2.452 88.616 2.759
200803 2.224 90.090 2.461
200806 2.332 92.320 2.518
200809 2.536 92.307 2.739
200812 1.650 88.697 1.855
200903 1.586 89.744 1.762
200906 1.446 91.003 1.584
200909 1.457 91.120 1.594
200912 1.532 91.111 1.676
201003 1.633 91.821 1.773
201006 1.811 91.962 1.963
201009 1.657 92.162 1.792
201012 1.596 92.474 1.721
201103 1.426 94.283 1.508
201106 1.477 95.235 1.546
201109 1.594 95.727 1.660
201112 1.394 95.213 1.460
201203 1.542 96.783 1.588
201206 1.676 96.819 1.726
201209 1.681 97.633 1.716
201212 1.604 96.871 1.651
201303 1.605 98.209 1.629
201306 1.582 98.518 1.601
201309 1.578 98.790 1.592
201312 1.828 98.326 1.853
201403 1.873 99.695 1.873

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.


LSI  (FRA:LOG) 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.


LSI Cyclically Adjusted PB Ratio Related Terms

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


LSI (FRA:LOG) Business Description

Industry
Traded in Other Exchanges
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Address
LSI Corporation was incorporated in California on November 6, 1980, and was reincorporated in Delaware on June 11, 1987. The Company designs, develops and markets networking semiconductors and storage systems. It provides silicon-to-system solutions that are used to create, store, consume and transport digital information. It offers integrated circuits used in hard disk drives, solid state drives, high-speed communications systems, computer servers, storage systems and personal computers. It also offers external storage systems, storage systems software, redundant array of independent disks, or RAID, adapters for computer servers, and RAID software applications. The Company has two segments — the Semiconductor segment and the Storage Systems segment. Its semiconductor segment designs, develops and markets complex integrated circuits for storage and networking applications. These solutions include both custom solutions and standard products. It designs custom solutions for a specific application defined by the customer. The Company develops products for market applications that it defines and sells them to multiple customers. It sells its integrated circuits for storage applications to makers of hard disk drives, solid state drives and computer servers. It sells its integrated circuits for networking applications principally to makers of devices used in computer and telecommunications networks and, to a lesser extent, to makers of personal computers. Its storage systems segment designs and sells enterprise storage systems and storage software applications that enable storage area networks. The Company also offers RAID adapters for computer servers and associated software for attaching storage devices to computer servers. It sells its storage systems and storage solutions mainly to OEMs who resell these products to end customers under their own brand name. The semiconductor industry is competitive and is characterized by rapidly changing technology, short product cycles and emerging standards. The semiconductor manufacturing process begins with wafer fabrication, where a design is transferred to silicon wafers through a series of processes, including photolithography, ion implantation, deposition of numerous films and the etching of these various films and layers. On January 3, 2012, the company acquired SandForce, Inc., a provider of flash storage processors, or FSPs, for enterprise and client flash solutions and solid state drives, or SSDs. Federal, state and local regulations, in addition to those of other nations, impose various environmental controls on certain chemicals and restricted substances used in the manufacture of semiconductor and storage products.

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