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Exponent (Exponent) Cyclically Adjusted PB Ratio : 13.22 (As of Apr. 27, 2024)


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What is Exponent Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Exponent's current share price is $95.21. Exponent's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.20. Exponent's Cyclically Adjusted PB Ratio for today is 13.22.

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

EXPO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.76   Med: 10.9   Max: 20.58
Current: 13.22

During the past years, Exponent's highest Cyclically Adjusted PB Ratio was 20.58. The lowest was 4.76. And the median was 10.90.

EXPO's Cyclically Adjusted PB Ratio is ranked worse than
98.17% of 1146 companies
in the Construction industry
Industry Median: 1.105 vs EXPO: 13.22

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.

Exponent's adjusted book value per share data for the three months ended in Dec. 2023 was $7.041. 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 $7.20 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Exponent Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Exponent'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.

Exponent Cyclically Adjusted PB Ratio Chart

Exponent 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 13.39 16.31 18.63 14.48 12.22

Exponent 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 14.48 14.25 13.13 11.89 12.22

Competitive Comparison of Exponent's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Exponent'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.


Exponent's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Exponent's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Exponent 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=95.21/7.2
=13.22

* 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.

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

For example, Exponent'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)
=7.041/129.4194*129.4194
=7.041

Current CPI (Dec. 2023) = 129.4194.

Exponent Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.596 99.695 5.966
201406 4.697 100.560 6.045
201409 4.659 100.428 6.004
201412 4.745 99.070 6.199
201503 4.886 99.621 6.347
201506 5.007 100.684 6.436
201509 5.000 100.392 6.446
201512 5.109 99.792 6.626
201603 5.252 100.470 6.765
201606 5.369 101.688 6.833
201609 5.213 101.861 6.623
201612 5.339 101.863 6.783
201703 5.502 102.862 6.923
201706 5.610 103.349 7.025
201709 5.813 104.136 7.224
201712 5.609 104.011 6.979
201803 5.896 105.290 7.247
201806 6.126 106.317 7.457
201809 6.352 106.507 7.719
201812 6.095 105.998 7.442
201903 6.342 107.251 7.653
201906 6.623 108.070 7.931
201909 6.867 108.329 8.204
201912 6.767 108.420 8.078
202003 6.277 108.902 7.460
202006 6.442 108.767 7.665
202009 6.647 109.815 7.834
202012 6.978 109.897 8.218
202103 7.245 111.754 8.390
202106 7.449 114.631 8.410
202109 7.772 115.734 8.691
202112 8.003 117.630 8.805
202203 7.459 121.301 7.958
202206 6.602 125.017 6.834
202209 6.297 125.227 6.508
202212 6.334 125.222 6.546
202303 6.725 127.348 6.834
202306 7.022 128.729 7.060
202309 6.980 129.860 6.956
202312 7.041 129.419 7.041

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.


Exponent  (NAS:EXPO) 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.


Exponent Cyclically Adjusted PB Ratio Related Terms

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


Exponent (Exponent) Business Description

Industry
Traded in Other Exchanges
Address
149 Commonwealth Drive, Menlo Park, CA, USA, 94025
Exponent Inc provides engineering and scientific consulting services on a project-by-project basis. The company's consultant team is composed of scientists, physicians, engineers, as well as business and regulatory consultants. The company currently operates through two segments. The engineering and other scientific segments, which accounts for the majority of revenue, provides servicing encompassing biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, etc. The environmental and health segment covers chemical regulation and food safety, ecological and biological sciences, environmental and earth sciences and others. The company generates almost all of its revenues from America.
Executives
Reitman Maureen T. F. officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Bradley A James officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Steven J Murray officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Richard Reiss officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Joseph Rakow officer: Group Vice President 149 COMMONWEATH DRIVE, MENLO PARK CA 94025
Eric Guyer officer: Group Vice Presient 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Harri Kytomaa officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Carol Lindstrom director 5994 SILVERADO TRAIL, NAPA CA 94558
Sally Shepard officer: VP, Human Resources 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
George H. Brown director 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Paul R Johnston officer: Chief Operating Officer EXPONENT INC, 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
John Joseph Doyle officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Schlenker Richard L Jr officer: Chief Financial Officer EPONENT INC, 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
John Pye officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Debra Zumwalt director 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025