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Camtek (XTAE:CAMT) Cyclically Adjusted PB Ratio : 17.25 (As of Jan. 19, 2025)


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What is Camtek Cyclically Adjusted PB Ratio?

As of today (2025-01-19), Camtek's current share price is ₪357.00. Camtek's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ₪20.69. Camtek's Cyclically Adjusted PB Ratio for today is 17.25.

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

XTAE:CAMT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 4.59   Max: 25.05
Current: 18.82

During the past years, Camtek's highest Cyclically Adjusted PB Ratio was 25.05. The lowest was 0.79. And the median was 4.59.

XTAE:CAMT's Cyclically Adjusted PB Ratio is ranked worse than
94% of 567 companies
in the Semiconductors industry
Industry Median: 2.41 vs XTAE:CAMT: 18.82

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.

Camtek's adjusted book value per share data for the three months ended in Sep. 2024 was ₪40.316. 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 ₪20.69 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Camtek Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Camtek'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.

Camtek Cyclically Adjusted PB Ratio Chart

Camtek 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 4.52 8.33 14.40 5.58 14.49

Camtek Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 13.52 14.49 16.58 23.74 14.50

Competitive Comparison of Camtek's Cyclically Adjusted PB Ratio

For the Semiconductor Equipment & Materials subindustry, Camtek'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.


Camtek's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Camtek 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.

Camtek's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=357.00/20.69
=17.25

* 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.

Camtek's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=40.316/133.0289*133.0289
=40.316

Current CPI (Sep. 2024) = 133.0289.

Camtek Quarterly Data

Book Value per Share CPI Adj_Book
201412 7.676 99.070 10.307
201503 7.689 99.621 10.267
201506 7.950 100.684 10.504
201509 8.058 100.392 10.678
201512 6.871 99.792 9.159
201603 6.881 100.470 9.111
201606 7.023 101.688 9.188
201609 7.143 101.861 9.329
201612 7.391 101.863 9.652
201703 7.735 102.862 10.003
201706 7.364 103.349 9.479
201709 8.565 104.136 10.941
201712 8.378 104.011 10.715
201803 8.750 105.290 11.055
201806 8.708 106.317 10.896
201809 9.266 106.507 11.573
201812 9.909 105.998 12.436
201903 10.558 107.251 13.096
201906 12.223 108.070 15.046
201909 12.061 108.329 14.811
201912 12.558 108.420 15.408
202003 12.887 108.902 15.742
202006 13.365 108.767 16.346
202009 13.985 109.815 16.941
202012 18.702 109.897 22.639
202103 19.888 111.754 23.674
202106 21.113 114.631 24.501
202109 22.681 115.734 26.070
202112 23.847 117.630 26.969
202203 25.536 121.301 28.005
202206 27.094 125.017 28.830
202209 28.888 125.227 30.688
202212 30.797 125.222 32.717
202303 32.320 127.348 33.762
202306 33.955 128.729 35.089
202309 35.845 129.860 36.720
202312 37.762 129.419 38.815
202403 34.991 131.776 35.324
202406 37.359 132.554 37.493
202409 40.316 133.029 40.316

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.


Camtek  (XTAE:CAMT) 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.


Camtek Cyclically Adjusted PB Ratio Related Terms

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


Camtek Business Description

Industry
Traded in Other Exchanges
Address
Ramat Gavriel Industrial Zone, P.O. Box 544, Migdal HaEmek, ISR, 23150
Camtek Ltd is engaged in the manufacturing of metrology and inspection equipment and software solutions for the semiconductor industry. Its systems inspect wafers for various semiconductor market segments, including Advanced Packaging, Heterogenous Integration (HI), Compound Semiconductors, Memory, and foundries among others. Geographically, it derives maximum revenue from China followed by Asia Pacific, Korea, United States, and Europe. The company's products and services include Surface Inspection, Bump Inspection and Metrology, and others.

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