GURUFOCUS.COM » STOCK LIST » Technology » Hardware » 3D Systems Corp (NYSE:DDD) » Definitions » Cyclically Adjusted PB Ratio

3D Systems (3D Systems) Cyclically Adjusted PB Ratio : 0.46 (As of Apr. 27, 2024)


View and export this data going back to 1988. Start your Free Trial

What is 3D Systems Cyclically Adjusted PB Ratio?

As of today (2024-04-27), 3D Systems's current share price is $3.43. 3D Systems's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.41. 3D Systems's Cyclically Adjusted PB Ratio for today is 0.46.

The historical rank and industry rank for 3D Systems's Cyclically Adjusted PB Ratio or its related term are showing as below:

DDD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 2.41   Max: 36.46
Current: 0.46

During the past years, 3D Systems's highest Cyclically Adjusted PB Ratio was 36.46. The lowest was 0.46. And the median was 2.41.

DDD's Cyclically Adjusted PB Ratio is ranked better than
87.34% of 1833 companies
in the Hardware industry
Industry Median: 1.57 vs DDD: 0.46

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.

3D Systems's adjusted book value per share data for the three months ended in Dec. 2023 was $3.132. 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 $7.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


3D Systems Cyclically Adjusted PB Ratio Historical Data

The historical data trend for 3D Systems'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.

3D Systems Cyclically Adjusted PB Ratio Chart

3D Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.58 2.97 0.96 0.86

3D Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.96 1.37 1.28 0.64 0.86

Competitive Comparison of 3D Systems's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, 3D Systems'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.


3D Systems's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, 3D Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where 3D Systems's Cyclically Adjusted PB Ratio falls into.



3D Systems 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.

3D Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.43/7.41
=0.46

* 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.

3D Systems's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, 3D Systems'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)
=3.132/129.4194*129.4194
=3.132

Current CPI (Dec. 2023) = 129.4194.

3D Systems Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.185 99.695 11.924
201406 11.668 100.560 15.017
201409 11.709 100.428 15.089
201412 11.593 99.070 15.144
201503 11.354 99.621 14.750
201506 11.445 100.684 14.711
201509 11.145 100.392 14.368
201512 5.845 99.792 7.580
201603 5.865 100.470 7.555
201606 5.815 101.688 7.401
201609 5.707 101.861 7.251
201612 5.544 101.863 7.044
201703 5.603 102.862 7.050
201706 5.689 103.349 7.124
201709 5.427 104.136 6.745
201712 5.390 104.011 6.707
201803 5.331 105.290 6.553
201806 5.144 106.317 6.262
201809 5.018 106.507 6.098
201812 4.999 105.998 6.104
201903 4.793 107.251 5.784
201906 4.576 108.070 5.480
201909 4.384 108.329 5.237
201912 4.440 108.420 5.300
202003 4.147 108.902 4.928
202006 3.871 108.767 4.606
202009 3.450 109.815 4.066
202012 3.470 109.897 4.086
202103 3.700 111.754 4.285
202106 3.727 114.631 4.208
202109 5.987 115.734 6.695
202112 6.562 117.630 7.220
202203 6.343 121.301 6.768
202206 6.014 125.017 6.226
202209 5.630 125.227 5.819
202212 5.716 125.222 5.908
202303 5.563 127.348 5.653
202306 5.326 128.729 5.355
202309 5.237 129.860 5.219
202312 3.132 129.419 3.132

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.


3D Systems  (NYSE:DDD) 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.


3D Systems Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of 3D Systems's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


3D Systems (3D Systems) Business Description

Industry
Address
333 Three D Systems Circle, Rock Hill, SC, USA, 29730
3D Systems Corp provides comprehensive 3D printing and digital manufacturing solutions, including 3D printers for plastics and metals, materials, software, on-demand manufacturing services, and digital design tools. The company's segments include Healthcare Solutions and Industrial Solutions. It generates maximum revenue from the Industrial segment. It conducts business through various offices and facilities located throughout the Americas, EMEA, and APAC; generating a vast majority of revenues from the Americas.
Executives
Thomas W Erickson director OMEGA HEALTHCARE INVESTORS INC, 900 VICTORS WAY STE. 350, AMM ARBER MI 48108
Margaret E Wicklund officer: Chief Accounting Officer 13515 BALLANTYNE CORPORATE PL, CHARLOTTE NC 28277
Reji Puthenveetil officer: EVP, Industrial Solutions 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Malissia Clinton director 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Joseph R. Zuiker officer: EVP, Engineering & Operations 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Andrew Martin Johnson officer: VP, General Counsel & Secretar 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Jeffrey A Graves officer: President and CEO C/O C&D TECHNOLOGIES, INC., 1400 UNION MEETING RD, BLUE BELL PA 19422
Michael Lynn Turner officer: EVP & Chief Financial Officer 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Charles W Hull director, officer: Exec. V.P./Chief Tech. Off. 3D SYSTEMS CORPORATION, 333 THREE D SYSTEMS CORPORATION, ROCK HILL SC 29730
Jim D Kever director C/O 3D SYSTEMS, 26081 AVENUE HALL, VALENCIA CA 91355
Jagtar Narula officer: EVP & Chief Financial Officer 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Claudia Drayton director 12988 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344
Phyllis B Nordstrom officer: EVP & CHRO 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
David K Leigh officer: EVP & CTO (Additive Mfg) 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730
Michael S Crimmins officer: SVP, Chief Accounting Officer 7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007