GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Natcore Technology Inc (OTCPK:NTCXF) » Definitions » Cyclically Adjusted PB Ratio

Natcore Technology (Natcore Technology) Cyclically Adjusted PB Ratio : (As of Jun. 16, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Natcore Technology Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Natcore Technology Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Natcore Technology'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.

Natcore Technology Cyclically Adjusted PB Ratio Chart

Natcore Technology Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Natcore Technology Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 - - - - -

Competitive Comparison of Natcore Technology's Cyclically Adjusted PB Ratio

For the Solar subindustry, Natcore Technology'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.


Natcore Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Natcore Technology 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.

Natcore Technology's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Natcore Technology's adjusted Book Value per Share data for the three months ended in Sep. 2018 was:

Adj_Book=Book Value per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=-0.031/106.5067*106.5067
=-0.031

Current CPI (Sep. 2018) = 106.5067.

Natcore Technology Quarterly Data

Book Value per Share CPI Adj_Book
200812 -0.089 88.697 -0.107
200903 0.065 89.744 0.077
200906 0.039 91.003 0.046
200909 0.066 91.120 0.077
200912 0.059 91.111 0.069
201003 0.046 91.821 0.053
201006 0.043 91.962 0.050
201009 0.033 92.162 0.038
201012 0.027 92.474 0.031
201103 -0.051 94.283 -0.058
201106 0.107 95.235 0.120
201109 0.098 95.727 0.109
201112 0.088 95.213 0.098
201203 0.076 96.783 0.084
201206 0.050 96.819 0.055
201209 0.099 97.633 0.108
201212 0.033 96.871 0.036
201303 0.019 98.209 0.021
201306 0.023 98.518 0.025
201309 0.006 98.790 0.006
201312 0.036 98.326 0.039
201403 0.046 99.695 0.049
201406 0.036 100.560 0.038
201409 0.028 100.428 0.030
201412 0.017 99.070 0.018
201503 0.005 99.621 0.005
201506 0.008 100.684 0.008
201509 0.001 100.392 0.001
201512 -0.015 99.792 -0.016
201603 -0.046 100.470 -0.049
201606 -0.032 101.688 -0.034
201609 -0.019 101.861 -0.020
201612 -0.019 101.863 -0.020
201703 -0.023 102.862 -0.024
201706 -0.026 103.349 -0.027
201709 -0.024 104.136 -0.025
201712 -0.021 104.011 -0.022
201803 -0.031 105.290 -0.031
201806 -0.026 106.317 -0.026
201809 -0.031 106.507 -0.031

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.


Natcore Technology  (OTCPK:NTCXF) 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.


Natcore Technology Cyclically Adjusted PB Ratio Related Terms

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


Natcore Technology (Natcore Technology) Business Description

Traded in Other Exchanges
N/A
Address
189 North Water Street, Suite 700, Rochester, NY, USA, 14604-1163
Natcore Technology Inc is a Canada based company. It is a research and development company providing solar cells with improved efficiency and reduced cost. It is focused on using its proprietary nanotechnology discoveries to enable a variety of applications including laser processing, tandem quantum-dot solar cells and its Natcore Foil Cell structure, the development of which eliminates the need to use high-cost silver in mass-manufactured silicon solar cells.

Natcore Technology (Natcore Technology) Headlines