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Polycom (FRA:PLY) Cyclically Adjusted PB Ratio : (As of May. 24, 2024)


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What is Polycom Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Polycom Cyclically Adjusted PB Ratio Historical Data

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

Polycom Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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Polycom 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 Polycom's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Polycom'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.


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

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

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



Polycom 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.

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

For example, Polycom'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)
=7.08/101.6881*101.6881
=7.080

Current CPI (Jun. 2016) = 101.6881.

Polycom Quarterly Data

Book Value per Share CPI Adj_Book
200609 4.002 85.606 4.754
200612 4.005 85.142 4.783
200703 4.167 86.640 4.891
200706 4.150 87.906 4.801
200709 4.054 87.964 4.686
200712 3.946 88.616 4.528
200803 3.688 90.090 4.163
200806 3.658 92.320 4.029
200809 3.942 92.307 4.343
200812 4.287 88.697 4.915
200903 4.451 89.744 5.043
200906 4.271 91.003 4.772
200909 4.183 91.120 4.668
200912 4.279 91.111 4.776
201003 4.666 91.821 5.167
201006 5.263 91.962 5.820
201009 4.995 92.162 5.511
201012 5.131 92.474 5.642
201103 5.013 94.283 5.407
201106 5.059 95.235 5.402
201109 5.425 95.727 5.763
201112 5.906 95.213 6.308
201203 5.992 96.783 6.296
201206 6.393 96.819 6.714
201209 6.232 97.633 6.491
201212 6.205 96.871 6.514
201303 6.311 98.209 6.535
201306 6.207 98.518 6.407
201309 6.032 98.790 6.209
201312 5.273 98.326 5.453
201403 5.130 99.695 5.233
201406 5.395 100.560 5.456
201409 5.794 100.428 5.867
201412 6.141 99.070 6.303
201503 6.995 99.621 7.140
201506 6.836 100.684 6.904
201509 6.927 100.392 7.016
201512 7.288 99.792 7.426
201603 7.083 100.470 7.169
201606 7.080 101.688 7.080

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.


Polycom  (FRA:PLY) 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.


Polycom Cyclically Adjusted PB Ratio Related Terms

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Polycom (FRA:PLY) Business Description

Industry
Traded in Other Exchanges
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Polycom Inc was incorporated in December 1990 in Delaware. The Company provides an open, standards-based unified communications and collaboration (UC&C) solutions for voice, video and content collaboration solutions. Its solutions are powered by the Polycom RealPresence Platform, comprehensive software infrastructure and rich application programming interfaces (APIs) that interoperate with a set of communication, business, mobile, and cloud applications and devices to deliver secure face-to-face video collaboration across different environments. The Company is engaged in helping organizations achieve new levels of teamwork, efficiency and productivity by unleashing the power of human collaboration. The Company sells its solutions through a high-touch sales model that leverages its network of channel partners, including distributors, value-added resellers, system integrators; communications services providers, and retailers. The Company serves in three geographical segments; Americas, EMEA and APAC. Its products and solutions are; UC Group Systems, which includes immersive telepresence, group video and group voice systems. UC Platform, which includes collaboration servers, virtualization management "distributed media optimization", resource management, recording and streaming, open API's and remote access technologies that constitute the RealPresence Platform, and UC Personal Devices, which includes desktop video devices and desktop voice products. It competes in the UC&C market with products and solutions that enable voice, video and content collaboration on-premises, across intranets, extranets, mobile devices, and the Internet via its customer premises-based RealPresence Platform, web-based social-collaboration business platforms, and video collaboration-as-a-service offerings delivered from the cloud. These competitors include but are not limited to Cisco Systems, Inc., Acano, Avaya Inc., Blue Jeans Networks, Inc., ClearOne Communications, Inc., Huawei Technologies Co., Ltd., Logitech International S.A./LifeSize, PexIP, Snom Technology Ag, Vidyo, Inc., Yamaha Corporation/Revolabs, Inc., Yealink, ZTE Corporation and others. Its products and services are subject to various federal, state, local, and foreign laws and regulations.

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