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Broadcom (HAM:1YD) Cyclically Adjusted Book per Share : €54.51 (As of Jan. 2024)


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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 Jan. 2024 was €139.354. 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 €54.51 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Broadcom's average Cyclically Adjusted Book Growth Rate was 15.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 18.80% 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 25.80% per year. The lowest was 16.80% per year. And the median was 20.30% per year.

As of today (2024-04-27), Broadcom's current stock price is €1216.20. Broadcom's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €54.51. Broadcom's Cyclically Adjusted PB Ratio of today is 22.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Broadcom was 23.92. The lowest was 6.32. And the median was 11.98.


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 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.72 29.25 35.34 47.49 51.30

Broadcom Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 46.86 46.82 48.90 51.30 54.51

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.



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 Jan. 2024 was:

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=139.354/129.4194*129.4194
=139.354

Current CPI (Jan. 2024) = 129.4194.

Broadcom Quarterly Data

Book Value per Share CPI Adj_Book
201404 9.086 100.023 11.756
201407 9.060 100.520 11.665
201410 10.061 100.176 12.998
201501 12.188 98.604 15.997
201504 14.459 99.824 18.746
201507 14.155 100.691 18.194
201510 15.204 100.346 19.609
201601 16.959 99.957 21.958
201604 43.964 100.947 56.364
201607 44.453 101.524 56.667
201610 43.070 101.988 54.654
201701 44.695 102.456 56.457
201704 44.639 103.167 55.998
201707 42.125 103.278 52.788
201710 42.234 104.070 52.521
201801 51.804 104.578 64.110
201804 59.942 105.708 73.388
201807 56.898 106.324 69.257
201810 56.842 106.695 68.949
201901 51.374 106.200 62.606
201904 49.456 107.818 59.364
201907 48.240 108.250 57.674
201910 56.650 108.577 67.525
202001 55.026 108.841 65.430
202004 54.793 108.173 65.555
202007 50.729 109.318 60.057
202010 49.860 109.861 58.737
202101 48.240 110.364 56.569
202104 48.812 112.673 56.067
202107 49.980 115.183 56.157
202110 52.100 116.696 57.781
202201 49.521 118.619 54.030
202204 47.812 121.978 50.729
202207 50.669 125.002 52.460
202210 55.143 125.734 56.759
202301 51.875 126.223 53.189
202304 48.479 127.992 49.020
202307 48.328 128.974 48.495
202310 54.871 129.810 54.706
202401 139.354 129.419 139.354

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


Broadcom  (HAM:1YD) 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
=1216.20/54.51
=22.31

* 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 23.92. The lowest was 6.32. And the median was 11.98.


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 (HAM:1YD) Business Description

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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.

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