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Stratasys (HAM:SCY) Cyclically Adjusted PB Ratio : 0.35 (As of May. 20, 2024)


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What is Stratasys Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Stratasys's current share price is €8.84. Stratasys's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €25.54. Stratasys's Cyclically Adjusted PB Ratio for today is 0.35.

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

HAM:SCY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.92   Max: 12.82
Current: 0.35

During the past years, Stratasys's highest Cyclically Adjusted PB Ratio was 12.82. The lowest was 0.34. And the median was 0.92.

HAM:SCY's Cyclically Adjusted PB Ratio is ranked better than
91.49% of 1868 companies
in the Hardware industry
Industry Median: 1.645 vs HAM:SCY: 0.35

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.

Stratasys's adjusted book value per share data for the three months ended in Dec. 2023 was €11.649. 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 €25.54 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stratasys Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Stratasys'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.

Stratasys Cyclically Adjusted PB Ratio Chart

Stratasys Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.74 0.81 0.37 0.51

Stratasys Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.37 0.53 0.58 0.46 0.51

Competitive Comparison of Stratasys's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, Stratasys'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.


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

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

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



Stratasys 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.84/25.54
=0.35

* 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.

Stratasys's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Stratasys's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=11.649/129.4194*129.4194
=11.649

Current CPI (Dec. 2023) = 129.4194.

Stratasys Quarterly Data

Book Value per Share CPI Adj_Book
201403 36.811 99.695 47.787
201406 37.520 100.560 48.288
201409 39.902 100.428 51.421
201412 40.305 99.070 52.652
201503 42.023 99.621 54.593
201506 39.779 100.684 51.132
201509 24.272 100.392 31.290
201512 20.951 99.792 27.171
201603 20.257 100.470 26.094
201606 19.755 101.688 25.142
201609 19.415 101.861 24.668
201612 20.456 101.863 25.990
201703 19.997 102.862 25.160
201706 19.042 103.349 23.845
201709 17.878 104.136 22.219
201712 17.843 104.011 22.202
201803 17.039 105.290 20.944
201806 17.915 106.317 21.808
201809 17.988 106.507 21.858
201812 18.632 105.998 22.749
201903 18.779 107.251 22.661
201906 18.830 108.070 22.550
201909 19.265 108.329 23.016
201912 19.130 108.420 22.835
202003 18.815 108.902 22.360
202006 18.037 108.767 21.462
202009 11.042 109.815 13.013
202012 11.025 109.897 12.984
202103 12.517 111.754 14.496
202106 12.201 114.631 13.775
202109 12.340 115.734 13.799
202112 12.882 117.630 14.173
202203 12.890 121.301 13.753
202206 13.092 125.017 13.553
202209 14.348 125.227 14.828
202212 13.501 125.222 13.954
202303 12.953 127.348 13.164
202306 12.360 128.729 12.426
202309 11.964 129.860 11.923
202312 11.649 129.419 11.649

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.


Stratasys  (HAM:SCY) 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.


Stratasys Cyclically Adjusted PB Ratio Related Terms

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


Stratasys (HAM:SCY) Business Description

Industry
Traded in Other Exchanges
Address
c/o Stratasys, Inc, 7665 Commerce Way, Eden Prairie, MN, USA, 55344
Stratasys Ltd is a provider of 3D printing and additive manufacturing solutions. The company's patented fused deposition modeling and PolyJet printing technologies print prototypes and manufactured goods directly from 3D CAD files or other 3D content. Its subsidiaries include printer makers MakerBot and Solidscape. It generates revenue through 3D printing systems, related services, and consumables and by providing additive manufacturing solutions.

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