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LSRCF (Lasertec) Cyclically Adjusted PB Ratio : 22.72 (As of Jan. 18, 2025)


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What is Lasertec Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Lasertec's current share price is $97.02. Lasertec's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $4.27. Lasertec's Cyclically Adjusted PB Ratio for today is 22.72.

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

LSRCF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.61   Med: 49.8   Max: 123.61
Current: 26.39

During the past years, Lasertec's highest Cyclically Adjusted PB Ratio was 123.61. The lowest was 6.61. And the median was 49.80.

LSRCF's Cyclically Adjusted PB Ratio is ranked worse than
97% of 567 companies
in the Semiconductors industry
Industry Median: 2.41 vs LSRCF: 26.39

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.

Lasertec's adjusted book value per share data for the three months ended in Sep. 2024 was $11.165. 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 $4.27 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lasertec Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lasertec'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.

Lasertec Cyclically Adjusted PB Ratio Chart

Lasertec Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.94 78.97 48.70 51.32 65.05

Lasertec 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 51.83 77.49 81.61 65.05 39.80

Competitive Comparison of Lasertec's Cyclically Adjusted PB Ratio

For the Semiconductor Equipment & Materials subindustry, Lasertec'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.


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

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

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



Lasertec 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=97.02/4.27
=22.72

* 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.

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

For example, Lasertec'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)
=11.165/108.9000*108.9000
=11.165

Current CPI (Sep. 2024) = 108.9000.

Lasertec Quarterly Data

Book Value per Share CPI Adj_Book
201412 1.686 97.900 1.875
201503 1.751 97.900 1.948
201506 1.794 98.400 1.985
201509 1.709 98.500 1.889
201512 1.802 98.100 2.000
201603 2.001 97.900 2.226
201606 2.295 98.100 2.548
201609 2.255 98.000 2.506
201612 2.182 98.400 2.415
201703 2.322 98.100 2.578
201706 2.447 98.500 2.705
201709 2.348 98.800 2.588
201712 2.534 99.400 2.776
201803 2.730 99.200 2.997
201806 2.726 99.200 2.993
201809 2.665 99.900 2.905
201812 2.947 99.700 3.219
201903 2.948 99.700 3.220
201906 3.192 99.800 3.483
201909 3.163 100.100 3.441
201912 3.600 100.500 3.901
202003 3.561 100.300 3.866
202006 4.038 99.900 4.402
202009 4.195 99.900 4.573
202012 4.831 99.300 5.298
202103 4.944 99.900 5.389
202106 5.558 99.500 6.083
202109 5.165 100.100 5.619
202112 5.785 100.100 6.294
202203 5.660 101.100 6.097
202206 6.022 101.800 6.442
202209 5.697 103.100 6.017
202212 6.606 104.100 6.911
202303 6.879 104.400 7.176
202306 8.561 105.200 8.862
202309 7.901 106.200 8.102
202312 9.218 106.800 9.399
202403 9.844 107.200 10.000
202406 10.628 108.200 10.697
202409 11.165 108.900 11.165

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.


Lasertec  (OTCPK:LSRCF) 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.


Lasertec Cyclically Adjusted PB Ratio Related Terms

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


Lasertec Business Description

Traded in Other Exchanges
Address
2-10-1 Shin-Yokohama, 10-1222-8552 Kohoku-ku, Yokohama-shi, Yokohama Prefecture, Yokohama, JPN
Lasertec Corp is a Japan based company engaged in developing, manufacturing, selling and servicing the semiconductor related equipment, energy and environment related equipment, FPD related equipment and laser microscopes.