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UTStarcom Holdings (MEX:UTSI) Cyclically Adjusted PB Ratio : 0.25 (As of Jun. 23, 2024)


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What is UTStarcom Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-23), UTStarcom Holdings's current share price is MXN46.60. UTStarcom Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was MXN184.78. UTStarcom Holdings's Cyclically Adjusted PB Ratio for today is 0.25.

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

MEX:UTSI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.31   Max: 1.21
Current: 0.27

During the past 13 years, UTStarcom Holdings's highest Cyclically Adjusted PB Ratio was 1.21. The lowest was 0.13. And the median was 0.31.

MEX:UTSI's Cyclically Adjusted PB Ratio is ranked better than
94.06% of 1902 companies
in the Hardware industry
Industry Median: 1.665 vs MEX:UTSI: 0.27

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.

UTStarcom Holdings's adjusted book value per share data of for the fiscal year that ended in Dec23 was MXN95.700. 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 MXN184.78 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


UTStarcom Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for UTStarcom Holdings'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.

UTStarcom Holdings Cyclically Adjusted PB Ratio Chart

UTStarcom Holdings 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 0.39 0.28 0.32 0.35

UTStarcom Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.28 - 0.32 - 0.35

Competitive Comparison of UTStarcom Holdings's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, UTStarcom Holdings'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.


UTStarcom Holdings's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



UTStarcom Holdings 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.

UTStarcom Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.60/184.78
=0.25

* 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.

UTStarcom Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, UTStarcom Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=95.7/114.7809*114.7809
=95.700

Current CPI (Dec23) = 114.7809.

UTStarcom Holdings Annual Data

Book Value per Share CPI Adj_Book
201412 178.368 99.000 206.800
201512 156.857 100.600 178.968
201612 193.714 102.600 216.712
201712 201.320 104.500 221.126
201812 227.198 106.500 244.864
201912 210.633 111.200 217.416
202012 171.558 111.500 176.606
202112 155.303 113.108 157.600
202212 123.477 115.116 123.118
202312 95.700 114.781 95.700

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.


UTStarcom Holdings  (MEX:UTSI) 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.


UTStarcom Holdings Cyclically Adjusted PB Ratio Related Terms

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


UTStarcom Holdings (MEX:UTSI) Business Description

Traded in Other Exchanges
Address
368 Liuhe Road, 4th Floor, South Wing, Binjiang District, Hangzhou, CHN, 310052
UTStarcom Holdings Corp operates as a telecom infrastructure provider. It develops technology for bandwidth from cloud-based services, mobile, streaming, and other applications. The range of solutions is designed to expand and modernize telecommunications networks through smooth network system integration, lower operating costs, and increased broadband access. The business activity of the firm is operated through the Equipment and Service segment. The Equipment segment is focused on equipment sales, including network infrastructure and application products, and the Service segment is engaged in providing services and support of equipment products and also the new operational support. The company operates in China, India, Japan, Taiwan, and other countries.