Entegris (NAS:ENTG) Cyclically Adjusted Book per Share

: $11.07 (As of Sep. 2023)

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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.

Entegris's adjusted book value per share for the three months ended in Sep. 2023 was $22.432. 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 $11.07 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Entegris's average Cyclically Adjusted Book Growth Rate was 20.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.30% 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 Entegris was 16.20% per year. The lowest was -2.50% per year. And the median was 0.10% per year.

As of today (2023-12-10), Entegris's current stock price is $106.99. Entegris's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $11.07. Entegris's Cyclically Adjusted PB Ratio of today is 9.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Entegris was 20.24. The lowest was 1.53. And the median was 6.10.

Entegris Cyclically Adjusted Book per Share Historical Data

The historical data trend for Entegris'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.

Entegris Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cyclically Adjusted Book per Share

5.46

6.10

6.76

7.91

9.56

Entegris Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cyclically Adjusted Book per Share																9.18	9.56	10.09	10.59	11.07

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Entegris'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.

Entegris Cyclically Adjusted PB Ratio Distribution

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

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

Entegris Cyclically Adjusted Book per Share Calculation

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, Entegris's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book	=	Book Value per Share	/	CPI of Sep. 2023 (Change)	*	Current CPI (Sep. 2023)
	=	22.432	/	129.8595	*	129.8595
	=	22.432

Current CPI (Sep. 2023) = 129.8595.

Entegris Quarterly Data

	Book Value per Share	CPI	Adj_Book
201312	5.455	98.326	7.204
201403	5.546	99.695	7.224
201406	5.492	100.560	7.092
201409	5.436	100.428	7.029
201412	5.354	99.070	7.018
201503	5.380	99.621	7.013
201506	5.538	100.684	7.143
201509	5.479	100.392	7.087
201512	5.706	99.792	7.425
201603	5.835	100.470	7.542
201606	6.101	101.688	7.791
201609	6.349	101.861	8.094
201612	6.363	101.863	8.112
201703	6.669	102.862	8.419
201706	6.928	103.349	8.705
201709	7.198	104.136	8.976
201712	7.029	104.011	8.776
201803	7.224	105.290	8.910
201806	7.431	106.317	9.077
201809	7.664	106.507	9.344
201812	7.443	105.998	9.119
201903	7.383	107.251	8.939
201906	8.159	108.070	9.804
201909	8.299	108.329	9.948
201912	8.654	108.420	10.365
202003	8.702	108.902	10.377
202006	9.142	108.767	10.915
202009	9.644	109.815	11.404
202012	10.223	109.897	12.080
202103	10.565	111.754	12.277
202106	11.175	114.631	12.660
202109	11.886	115.734	13.337
202112	12.646	117.630	13.961
202203	13.396	121.301	14.341
202206	14.067	125.017	14.612
202209	20.910	125.227	21.684
202212	21.577	125.222	22.376
202303	21.168	127.348	21.585
202306	22.332	128.729	22.528
202309	22.432	129.860	22.432

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

Entegris (NAS:ENTG) 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.

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

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	106.99	/	11.07
	=	9.66

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Entegris was 20.24. The lowest was 1.53. And the median was 6.10.

Be Aware

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

Entegris Cyclically Adjusted Book per Share Related Terms

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

Entegris (NAS:ENTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Entegris Inc (NAS:ENTG) » Definitions » Cyclically Adjusted Book per Share

Comparable Companies

Traded in Other Exchanges

ENTG:Mexico ENQ:Germany ENQ:Germany

Address

129 Concord Road, Billerica, MA, USA, 01821

Website

https://www.entegris.com

Entegris Inc is a supplier of Advanced materials and process solutions for the semiconductor and other high-technology industries. The company's reportable segments include Specialty Chemicals & Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH). The SCEM segment provides high-performance & high-purity process chemistries, gases, & materials, and safe & efficient delivery systems. The Microcontamination Control (MC) segment includes solutions to purify critical liquid chemistries and process gases used in semiconductor manufacturing processes and other high-technology industries. Its geographical segments are Taiwan, North America, South Korea, Japan, China, Europe, and Southeast.

Executives

Linda Lagorga	officer: SVP, Chief Financial Officer	C/O ENTEGRIS, INC., 129 CONCORD ROAD, BILLERICA MA 01821
James Robert Anderson	director	111 SW 5TH AVE, PORTLNAD OR 97204
Daniel D. Woodland	officer: See Remarks	C/O ENTEGRIS, INC., 129 CONCORD ROAD, BILLERICA MA 01821
Michael Besnard	officer: SVP, Chief Commercial Officer	C/O ENTEGRIS, INC., 129 CONCORD ROAD, BILLERICA MA 01821
Neil Richards	officer: SVP, Global Ops & Supply Chain	C/O ENTEGRIS, INC., 129 CONCORD ROAD, BILLERICA MA 01821
Olivier Blachier	officer: SVP Business-New Markets Dev.	C/O ENTEGRIS, INC., 129 CONCORD ROAD, BILLERICA MA 01821
Rodney Clark	director	129 CONCORD ROAD, BILLERICA MA 01821
Yvette Kanouff	director	PO BOX 37, PENNS PARK PA 18943
Bertrand Loy	director, officer: President & CEO	C/O ENTEGRIS, INC., 129 CONCORD RD, BILLERICA MA 01821
Joseph Colella	officer: SVP and General Counsel	129 CONCORD ROAD, BILLERICA MA 01821
James Anthony O'neill	officer: SVP & CTO	129 CONCORD ROAD, BILLERICA MA 01821
Bruce W. Beckman	officer: SVP, Finance	129 CONCORD ROAD, BILLERICA MA 01821
Susan G. Rice	officer: SVP, Human Resources	129 CONCORD ROAD, BILLERICA MA 01821
Azita Saleki-gerhardt	director	1 N. WAUKEGAN ROAD, NORTH CHICAGO IL 60064
Clinton M. Haris	officer: Sr. V.P/G.M. Liquid Filtration	C/O ENTEGRIS, INC., 129 CONCORD ROAD, BILLERICA MA 01821