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Synopsys (BSP:S1NP34) Cyclically Adjusted PB Ratio : 18.86 (As of May. 16, 2024)


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What is Synopsys Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Synopsys's current share price is R$743.76. Synopsys's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was R$39.44. Synopsys's Cyclically Adjusted PB Ratio for today is 18.86.

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

BSP:S1NP34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.71   Med: 5.1   Max: 18.67
Current: 18.24

During the past years, Synopsys's highest Cyclically Adjusted PB Ratio was 18.67. The lowest was 2.71. And the median was 5.10.

BSP:S1NP34's Cyclically Adjusted PB Ratio is ranked worse than
94.46% of 1336 companies
in the Software industry
Industry Median: 2.615 vs BSP:S1NP34: 18.24

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.

Synopsys's adjusted book value per share data for the three months ended in Jan. 2024 was R$53.773. 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 R$39.44 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Synopsys Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Synopsys'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.

Synopsys Cyclically Adjusted PB Ratio Chart

Synopsys Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.56 9.60 13.16 10.12 14.94

Synopsys Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 12.04 12.30 14.66 14.94 16.76

Competitive Comparison of Synopsys's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Synopsys'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.


Synopsys's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Synopsys 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=743.76/39.44
=18.86

* 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.

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

For example, Synopsys'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)
=53.773/129.4194*129.4194
=53.773

Current CPI (Jan. 2024) = 129.4194.

Synopsys Quarterly Data

Book Value per Share CPI Adj_Book
201404 10.531 100.023 13.626
201407 10.704 100.520 13.781
201410 12.000 100.176 15.503
201501 12.606 98.604 16.546
201504 15.034 99.824 19.491
201507 16.246 100.691 20.881
201510 19.569 100.346 25.239
201601 20.012 99.957 25.910
201604 18.431 100.947 23.630
201607 16.888 101.524 21.528
201610 16.800 101.988 21.319
201701 17.627 102.456 22.266
201704 17.605 103.167 22.085
201707 18.225 103.278 22.838
201710 17.376 104.070 21.608
201801 16.906 104.578 20.922
201804 18.630 105.708 22.809
201807 20.313 106.324 24.725
201810 21.916 106.695 26.584
201901 23.641 106.200 28.810
201904 25.398 107.818 30.486
201907 24.712 108.250 29.545
201910 27.720 108.577 33.041
202001 28.666 108.841 34.086
202004 37.657 108.173 45.053
202007 39.926 109.318 47.268
202010 45.220 109.861 53.271
202101 42.997 110.364 50.421
202104 46.432 112.673 53.333
202107 43.554 115.183 48.937
202110 49.279 116.696 54.652
202201 48.593 118.619 53.017
202204 43.243 121.978 45.881
202207 49.155 125.002 50.892
202210 47.529 125.734 48.922
202301 48.017 126.223 49.233
202304 48.086 127.992 48.622
202307 47.007 128.974 47.169
202310 51.101 129.810 50.947
202401 53.773 129.419 53.773

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.


Synopsys  (BSP:S1NP34) 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.


Synopsys Cyclically Adjusted PB Ratio Related Terms

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


Synopsys (BSP:S1NP34) Business Description

Industry
Traded in Other Exchanges
Address
675 Almanor Avenue, Sunnyvale, CA, USA, 94085
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

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