GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TE Connectivity Ltd (STU:9TC) » Definitions » Cyclically Adjusted PB Ratio

TE Connectivity (STU:9TC) Cyclically Adjusted PB Ratio : 4.76 (As of Jun. 22, 2024)


View and export this data going back to 2007. Start your Free Trial

What is TE Connectivity Cyclically Adjusted PB Ratio?

As of today (2024-06-22), TE Connectivity's current share price is €83.50. TE Connectivity's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €17.55. TE Connectivity's Cyclically Adjusted PB Ratio for today is 4.76.

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

STU:9TC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.46   Med: 4.27   Max: 6.61
Current: 4.98

During the past years, TE Connectivity's highest Cyclically Adjusted PB Ratio was 6.61. The lowest was 2.46. And the median was 4.27.

STU:9TC's Cyclically Adjusted PB Ratio is ranked worse than
86.65% of 1902 companies
in the Hardware industry
Industry Median: 1.665 vs STU:9TC: 4.98

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.

TE Connectivity's adjusted book value per share data for the three months ended in Mar. 2024 was €37.321. 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 €17.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TE Connectivity Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TE Connectivity'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.

TE Connectivity Cyclically Adjusted PB Ratio Chart

TE Connectivity Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.19 4.18 5.49 4.04 4.21

TE Connectivity Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.61 4.84 4.21 4.71 4.76

Competitive Comparison of TE Connectivity's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, TE Connectivity'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.


TE Connectivity's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



TE Connectivity 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.

TE Connectivity's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=83.50/17.55
=4.76

* 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.

TE Connectivity's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, TE Connectivity's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=37.321/107.3549*107.3549
=37.321

Current CPI (Mar. 2024) = 107.3549.

TE Connectivity Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.885 101.517 16.799
201409 17.144 101.247 18.178
201412 18.264 100.704 19.470
201503 20.403 100.339 21.830
201506 20.139 100.464 21.520
201509 21.676 99.785 23.320
201512 20.958 99.386 22.638
201603 18.603 99.475 20.077
201606 20.639 100.088 22.138
201609 21.279 99.604 22.935
201612 23.565 99.380 25.456
201703 23.034 100.040 24.718
201706 23.002 100.285 24.624
201709 23.261 100.254 24.909
201712 23.160 100.213 24.811
201803 21.927 100.836 23.345
201806 23.321 101.435 24.682
201809 26.921 101.246 28.545
201812 26.514 100.906 28.209
201903 26.221 101.571 27.714
201906 27.943 102.044 29.397
201909 28.642 101.396 30.325
201912 28.410 101.063 30.179
202003 24.782 101.048 26.329
202006 24.316 100.743 25.912
202009 24.092 100.585 25.714
202012 24.485 100.241 26.223
202103 24.580 100.800 26.178
202106 25.376 101.352 26.879
202109 27.639 101.533 29.224
202112 29.915 101.776 31.555
202203 29.370 103.205 30.551
202206 30.806 104.783 31.562
202209 34.300 104.835 35.125
202212 33.866 104.666 34.736
202303 32.632 106.245 32.973
202306 33.339 106.576 33.583
202309 34.692 106.570 34.948
202312 38.930 106.461 39.257
202403 37.321 107.355 37.321

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.


TE Connectivity  (STU:9TC) 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.


TE Connectivity Cyclically Adjusted PB Ratio Related Terms

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


TE Connectivity (STU:9TC) Business Description

Industry
Traded in Other Exchanges
Address
Muhlenstrasse 26, Schaffhausen, CHE, CH-8200
TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.

TE Connectivity (STU:9TC) Headlines

No Headlines