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AVGO (Broadcom) Cyclically Adjusted Book per Share : $7.74 (As of Apr. 2025)


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What is Broadcom Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Broadcom's adjusted book value per share for the three months ended in Apr. 2025 was $14.796. 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 $7.74 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Broadcom's average Cyclically Adjusted Book Growth Rate was 22.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 18.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Broadcom was 21.00% per year. The lowest was 16.80% per year. And the median was 19.00% per year.

As of today (2025-06-25), Broadcom's current stock price is $263.885. Broadcom's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was $7.74. Broadcom's Cyclically Adjusted PB Ratio of today is 34.09.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Broadcom was 35.06. The lowest was 6.32. And the median was 12.39.


Broadcom Cyclically Adjusted Book per Share Historical Data

The historical data trend for Broadcom's Cyclically Adjusted Book per Share 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.

Broadcom Cyclically Adjusted Book per Share Chart

Broadcom Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.47 4.20 4.95 5.53 6.98

Broadcom Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted Book per Share 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 6.31 6.64 6.98 7.35 7.74

Competitive Comparison of Broadcom's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Broadcom'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.


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

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

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


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Broadcom Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Broadcom's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book= Book Value per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=14.796/135.3468*135.3468
=14.796

Current CPI (Apr. 2025) = 135.3468.

Broadcom Quarterly Data

Book Value per Share CPI Adj_Book
201507 1.557 100.691 2.093
201510 1.706 100.346 2.301
201601 1.841 99.957 2.493
201604 4.990 100.947 6.690
201607 4.912 101.524 6.548
201610 4.743 101.988 6.294
201701 4.755 102.456 6.281
201704 4.784 103.167 6.276
201707 4.859 103.278 6.368
201710 4.963 104.070 6.455
201801 6.318 104.578 8.177
201804 7.355 105.708 9.417
201807 6.647 106.324 8.461
201810 6.534 106.695 8.289
201901 5.865 106.200 7.475
201904 5.557 107.818 6.976
201907 5.408 108.250 6.762
201910 6.267 108.577 7.812
202001 6.107 108.841 7.594
202004 5.956 108.173 7.452
202007 5.831 109.318 7.219
202010 5.866 109.861 7.227
202101 5.876 110.364 7.206
202104 5.839 112.673 7.014
202107 5.908 115.183 6.942
202110 6.044 116.696 7.010
202201 5.602 118.619 6.392
202204 5.163 121.978 5.729
202207 5.155 125.002 5.582
202210 5.433 125.734 5.848
202301 5.590 126.223 5.994
202304 5.316 127.992 5.621
202307 5.346 128.974 5.610
202310 5.794 129.810 6.041
202401 15.180 130.124 15.789
202404 15.045 132.289 15.393
202407 14.055 132.708 14.334
202410 14.443 133.182 14.678
202501 14.842 134.029 14.988
202504 14.796 135.347 14.796

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Broadcom  (NAS:AVGO) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Broadcom's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=263.885/7.74
=34.09

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Broadcom was 35.06. The lowest was 6.32. And the median was 12.39.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Broadcom Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Broadcom's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Broadcom Business Description

Industry
Address
3421 Hillview Avenue, Palo Alto, CA, USA, 94304
Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.
Executives
Justine Lien director 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Mark David Brazeal officer: Chief Legal Officer 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Henry Samueli director, officer: Chief Technical Officer 5300 CALIFORNIA AVENUE, IRVINE CA 92617-3038
Eddy W Hartenstein director
Check Kian Low director 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Charlie B Kawwas officer: SVP & Chief Sales Officer C/O AVAGO TECHNOLOGIES U.S. INC., 350 WEST TRIMBLE ROAD, SAN JOSE CA 95131
Hock E Tan director, officer: President and CEO BROADCOM INC., 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131
Diane M Bryant director 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Kirsten M. Spears officer: Principal Accounting Officer 1320 RIDDER PARK, SAN JOSE CA 95131
Harry L. You director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Gayla J Delly director 3000 TECHNOLOGY DR, ANGLETON TX 77515
Kenneth Hao director C/O SILVER LAKE PARTNERS, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Raul J Fernandez director 11600 SUNRISE VALLEY DR, RESTON VA 20191
Thomas H. Krause officer: Chief Financial Officer 1320 RIDDER PARK, SAN JOSE CA 95131
Bryan Ingram officer: SVP & GM, Wireless Semicon Div C/O AVAGO TECHNOLOGIES LIMITED, 350 WEST TRIMBLE ROAD, BLDG. 90, SAN JOSE CA 95131