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Logitech International (XSWX:LOGN) Cyclically Adjusted Book per Share : CHF8.41 (As of Dec. 2023)


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What is Logitech International 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.

Logitech International's adjusted book value per share for the three months ended in Dec. 2023 was CHF12.220. 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 CHF8.41 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Logitech International's average Cyclically Adjusted Book Growth Rate was 12.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.20% 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 Logitech International was 12.40% per year. The lowest was -0.70% per year. And the median was 5.25% per year.

As of today (2024-04-29), Logitech International's current stock price is CHF72.66. Logitech International's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was CHF8.41. Logitech International's Cyclically Adjusted PB Ratio of today is 8.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Logitech International was 19.92. The lowest was 1.17. And the median was 6.79.


Logitech International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Logitech International'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.

Logitech International Cyclically Adjusted Book per Share Chart

Logitech International Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.40 5.56 5.96 6.80 7.81

Logitech International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.48 7.81 8.04 8.23 8.41

Competitive Comparison of Logitech International's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Logitech International'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.


Logitech International's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Logitech International 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, Logitech International's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=12.22/106.4611*106.4611
=12.220

Current CPI (Dec. 2023) = 106.4611.

Logitech International Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.346 101.224 4.571
201406 4.574 101.517 4.797
201409 5.018 101.247 5.276
201412 5.292 100.704 5.595
201503 4.516 100.339 4.792
201506 4.345 100.464 4.604
201509 4.007 99.785 4.275
201512 4.501 99.386 4.821
201603 4.591 99.475 4.913
201606 4.549 100.088 4.839
201609 4.299 99.604 4.595
201612 5.049 99.380 5.409
201703 5.280 100.040 5.619
201706 5.613 100.285 5.959
201709 5.398 100.254 5.732
201712 6.054 100.213 6.431
201803 6.051 100.836 6.389
201806 6.310 101.435 6.623
201809 5.914 101.246 6.219
201812 6.775 100.906 7.148
201903 7.096 101.571 7.438
201906 7.111 102.044 7.419
201909 6.930 101.396 7.276
201912 7.627 101.063 8.034
202003 8.560 101.048 9.019
202006 8.854 100.743 9.357
202009 9.249 100.585 9.789
202012 11.058 100.241 11.744
202103 12.495 100.800 13.197
202106 12.767 101.352 13.411
202109 12.445 101.533 13.049
202112 13.101 101.776 13.704
202203 13.491 103.205 13.917
202206 13.971 104.783 14.195
202209 13.016 104.835 13.218
202212 13.099 104.666 13.324
202303 13.112 106.245 13.139
202306 12.636 106.576 12.622
202309 11.897 106.570 11.885
202312 12.220 106.461 12.220

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


Logitech International  (XSWX:LOGN) 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.

Logitech International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=72.66/8.41
=8.64

* 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 Logitech International was 19.92. The lowest was 1.17. And the median was 6.79.


Be Aware

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


Logitech International Cyclically Adjusted Book per Share Related Terms

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


Logitech International (XSWX:LOGN) Business Description

Industry
Address
EPFL - Quartier de l'Innovation, Daniel Borel Innovation Center, Lausanne, CHE, 1015
Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland. The company specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and music-related products such as wireless speakers.