GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermwood Corp (OTCPK:TOOD) » Definitions » Cyclically Adjusted PB Ratio

Thermwood (Thermwood) Cyclically Adjusted PB Ratio : (As of Jun. 13, 2024)


View and export this data going back to 2001. Start your Free Trial

What is Thermwood Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thermwood Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Thermwood'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.

Thermwood Cyclically Adjusted PB Ratio Chart

Thermwood Annual Data
Trend Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Thermwood Quarterly Data
Oct96 Jan97 Apr97 Jul97 Oct97 Jan98 Apr98 Jul98 Oct98 Jan99 Apr99 Jul99 Oct99 Jan00 Apr00 Jul00 Oct00 Jan01 Apr01 Jul01
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 Thermwood's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Thermwood'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.


Thermwood's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thermwood's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Thermwood 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.

Thermwood's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2001 is calculated as:

For example, Thermwood's adjusted Book Value per Share data for the three months ended in Jul. 2001 was:

Adj_Book=Book Value per Share/CPI of Jul. 2001 (Change)*Current CPI (Jul. 2001)
=3.547/74.8891*74.8891
=3.547

Current CPI (Jul. 2001) = 74.8891.

Thermwood Quarterly Data

Book Value per Share CPI Adj_Book
199110 0.926 57.971 1.196
199201 0.617 58.266 0.793
199204 -0.103 58.857 -0.131
199207 -0.926 59.278 -1.170
199210 -1.543 59.827 -1.931
199301 -1.262 60.165 -1.571
199304 -1.748 60.755 -2.155
199307 -1.942 60.924 -2.387
199310 -2.233 61.472 -2.720
199401 0.000 61.683 0.000
199404 1.262 62.190 1.520
199407 1.359 62.612 1.625
199410 4.854 63.076 5.763
199501 5.049 63.413 5.963
199504 5.243 64.088 6.127
199507 3.301 64.341 3.842
199510 3.504 64.848 4.047
199601 3.660 65.143 4.208
199604 3.747 65.945 4.255
199607 4.817 66.240 5.446
199610 4.885 66.789 5.477
199701 4.969 67.126 5.544
199704 4.968 67.590 5.504
199707 5.071 67.717 5.608
199710 3.516 68.181 3.862
199801 3.636 68.181 3.994
199804 3.986 68.561 4.354
199807 4.123 68.856 4.484
199810 4.291 69.193 4.644
199901 4.360 69.320 4.710
199904 3.655 70.122 3.903
199907 3.858 70.333 4.108
199910 4.162 70.965 4.392
200001 4.365 71.219 4.590
200004 4.443 72.273 4.604
200007 4.373 72.906 4.492
200010 4.436 73.413 4.525
200101 4.443 73.877 4.504
200104 4.018 74.636 4.032
200107 3.547 74.889 3.547

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.


Thermwood  (OTCPK:TOOD) 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.


Thermwood Cyclically Adjusted PB Ratio Related Terms

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


Thermwood (Thermwood) Business Description

Traded in Other Exchanges
N/A
Address
904 Dale-Buffaloville Road, P.O. Box 436, Dale, IN, USA, 47523-9057
Thermwood Corp is engaged in the development, manufacture, and distribute technology-based products and software for manufacturing as well as provide formal technology training. The company caters to the needs of marine industry, medical industry, military/defense, construction industry, among others.

Thermwood (Thermwood) Headlines

No Headlines