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LPKF Laser & Electronics SE (LPKF Laser & Electronics SE) Cyclically Adjusted PB Ratio : 2.23 (As of Apr. 27, 2024)


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What is LPKF Laser & Electronics SE Cyclically Adjusted PB Ratio?

As of today (2024-04-27), LPKF Laser & Electronics SE's current share price is $9.14. LPKF Laser & Electronics SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $4.09. LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio for today is 2.23.

The historical rank and industry rank for LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio or its related term are showing as below:

LPKFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.48   Med: 2.67   Max: 8.5
Current: 2.1

During the past years, LPKF Laser & Electronics SE's highest Cyclically Adjusted PB Ratio was 8.50. The lowest was 1.48. And the median was 2.67.

LPKFF's Cyclically Adjusted PB Ratio is ranked worse than
57.82% of 1996 companies
in the Industrial Products industry
Industry Median: 1.72 vs LPKFF: 2.10

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.

LPKF Laser & Electronics SE's adjusted book value per share data for the three months ended in Dec. 2023 was $4.234. 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 $4.09 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


LPKF Laser & Electronics SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for LPKF Laser & Electronics SE'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.

LPKF Laser & Electronics SE Cyclically Adjusted PB Ratio Chart

LPKF Laser & Electronics SE 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 4.35 8.34 5.44 2.61 2.70

LPKF Laser & Electronics SE 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 2.61 2.49 2.29 1.93 2.70

Competitive Comparison of LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, LPKF Laser & Electronics SE'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.


LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio falls into.



LPKF Laser & Electronics SE 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.

LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.14/4.09
=2.23

* 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.

LPKF Laser & Electronics SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, LPKF Laser & Electronics SE'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)
=4.234/123.6675*123.6675
=4.234

Current CPI (Dec. 2023) = 123.6675.

LPKF Laser & Electronics SE Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.002 99.543 4.972
201406 3.619 99.543 4.496
201409 3.722 99.823 4.611
201412 3.796 99.543 4.716
201503 3.425 99.717 4.248
201506 3.239 100.417 3.989
201509 3.144 100.417 3.872
201512 3.106 99.717 3.852
201603 2.960 100.017 3.660
201606 3.015 100.717 3.702
201609 2.773 101.017 3.395
201612 2.573 101.217 3.144
201703 2.622 101.417 3.197
201706 2.572 102.117 3.115
201709 2.821 102.717 3.396
201712 2.882 102.617 3.473
201803 2.868 102.917 3.446
201806 2.660 104.017 3.163
201809 3.487 104.718 4.118
201812 3.610 104.217 4.284
201903 3.818 104.217 4.531
201906 3.930 105.718 4.597
201909 4.015 106.018 4.683
201912 4.120 105.818 4.815
202003 4.030 105.718 4.714
202006 4.150 106.618 4.814
202009 4.462 105.818 5.215
202012 4.614 105.518 5.408
202103 4.406 107.518 5.068
202106 4.277 108.486 4.876
202109 4.221 109.435 4.770
202112 4.238 110.384 4.748
202203 4.197 113.968 4.554
202206 4.066 115.760 4.344
202209 3.849 118.818 4.006
202212 4.061 119.345 4.208
202303 3.843 122.402 3.883
202306 3.847 123.140 3.863
202309 3.898 124.195 3.881
202312 4.234 123.668 4.234

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.


LPKF Laser & Electronics SE  (OTCPK:LPKFF) 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.


LPKF Laser & Electronics SE Cyclically Adjusted PB Ratio Related Terms

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


LPKF Laser & Electronics SE (LPKF Laser & Electronics SE) Business Description

Traded in Other Exchanges
Address
Osteriede 7, Garbsen, DEU, D-30827
LPKF Laser & Electronics SE designs and produces laser systems. Its products are PCB (printed circuit board) prototyping, IC packaging, Stencil laser equipment, PCB processing technology and depaneling technology, laser direct structuring, solar equipment, laser welding equipment, and motion control technology. The firm operates through the following segments: Development, Electronics, Welding, and Solar. Its products are used in the electronics industry, automotive parts, solar industry, semi-conductor industry, medical technology, research institutions, and universities.

LPKF Laser & Electronics SE (LPKF Laser & Electronics SE) Headlines