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Alcatel-Lucent (XPAR:ALUNV) Cyclically Adjusted PB Ratio : (As of Jun. 23, 2024)


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What is Alcatel-Lucent Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alcatel-Lucent Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alcatel-Lucent'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.

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Alcatel-Lucent Cyclically Adjusted PB Ratio Chart

Alcatel-Lucent Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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Alcatel-Lucent Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Jun16
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Competitive Comparison of Alcatel-Lucent's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Alcatel-Lucent'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.


Alcatel-Lucent's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Alcatel-Lucent 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.

Alcatel-Lucent's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2016 is calculated as:

For example, Alcatel-Lucent's adjusted Book Value per Share data for the three months ended in Jun. 2016 was:

Adj_Book=Book Value per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=2.297/100.6300*100.6300
=2.297

Current CPI (Jun. 2016) = 100.6300.

Alcatel-Lucent Quarterly Data

Book Value per Share CPI Adj_Book
200606 4.624 89.650 5.190
200609 4.609 89.600 5.176
200612 8.339 89.710 9.354
200703 7.043 89.950 7.879
200706 6.625 90.720 7.349
200709 6.197 90.960 6.856
200712 4.953 92.030 5.416
200803 4.654 92.810 5.046
200806 4.184 93.960 4.481
200809 4.363 93.670 4.687
200812 2.051 92.950 2.220
200903 1.899 93.090 2.053
200906 1.748 93.500 1.881
200909 1.594 93.330 1.719
200912 1.655 93.800 1.776
201003 1.555 94.570 1.655
201006 1.094 94.910 1.160
201009 1.045 94.790 1.109
201012 1.569 95.450 1.654
201103 1.544 96.450 1.611
201106 1.476 96.910 1.533
201109 0.962 96.910 0.999
201112 0.992 97.800 1.021
201203 1.431 98.670 1.459
201206 1.891 98.780 1.926
201209 1.476 98.760 1.504
201212 0.699 99.100 0.710
201303 0.914 99.630 0.923
201306 0.610 99.700 0.616
201309 0.562 99.630 0.568
201312 0.995 99.800 1.003
201403 1.027 100.240 1.031
201406 0.963 100.180 0.967
201409 1.004 99.920 1.011
201412 0.536 99.860 0.540
201503 0.741 100.170 0.744
201506 0.878 100.440 0.880
201509 0.651 99.950 0.655
201512 1.537 100.040 1.546
201606 2.297 100.630 2.297

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.


Alcatel-Lucent  (XPAR:ALUNV) 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.


Alcatel-Lucent Cyclically Adjusted PB Ratio Related Terms

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Alcatel-Lucent (XPAR:ALUNV) Business Description

Industry
Traded in Other Exchanges
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Alcatel-Lucent SA was incorporated on June 18, 1898. The Company is engaged in designing, manufacturing, operations and sales of equipment, material and software related to domestic, industrial, civil, military or other applications concerning electricity, telecommunications, computers, electronics, aerospace industry, nuclear energy, metallurgy, and, in general, of all the means of production or transmission of energy or communication. The Company's core Networking segment includes three business divisions: IP Routing, IP Transport and IP Platforms. The IP ROUTING focus is on the intelligent IP router market and emerging Software Defined Networking (SDN) markets and related professional services. In IP TRANSPORT segment company designs, manufactures and markets optical networking equipment to transport information over fiber optic connections over long distances on land or under sea, as well as for short distances in metropolitan and regional areas. The portfolio also includes related professional services and microwave wireless transmission equipment. In IP PLATFORMS, the Company offers software and services to service providers that allow them to meet the market evolution needs of mobile and fixed networks. The Company's access segment includes four business divisions: WIRELESS are committed to a wireless access portfolio that is suited to the operators that are moving to 4G/LTE quickly and decisively. FIXED ACCESS IP-based fixed access products and related professional services provides support for both DSL and fiber, allowing service providers to extend Ultra-Broadband access to the customer's premise regardless of technology and to seamlessly combine copper and fiber access technologies and FTTx deployment models to achieve the fastest return-on-investment and time-to-market. In LICENSING the Intellectual Property Business Group works to monetize the patent portfolio through licensing and patent sales while also maintaining and prosecuting patents. The managed services portfolio includes Build-Operate-Manage-Transfer (BOMT) Solutions, Operations Transformation Solutions, and Network Operations Services. These services can be delivered across a wide array of network technologies including Network Access (FTTx), Next generation wireless (LTE, Small Cells, 4G), and IP Networks. The Company's Other segment includes Enterprise and Government businesses to provide end-to-end products, solutions and services for small, medium, large and extra-large companies to improve conversations and collaboration across employees, customers and partners. The Company sells all of its products and services to the world's telecommunications service providers through its direct sales force. The Company's competitors include Avaya, Cisco Systems, Ericsson, Fujitsu, Huawei, Nokia Solutions and Networks (NSN), Samsung, Adtran, Calix, Ciena, Juniper, Ericsson and Huawei.

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