GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ON Semiconductor Corp (NAS:ON) » Definitions » Cyclically Adjusted PB Ratio

ON Semiconductor (ON Semiconductor) Cyclically Adjusted PB Ratio : 7.76 (As of May. 15, 2024)


View and export this data going back to 2000. Start your Free Trial

What is ON Semiconductor Cyclically Adjusted PB Ratio?

As of today (2024-05-15), ON Semiconductor's current share price is $72.99. ON Semiconductor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.40. ON Semiconductor's Cyclically Adjusted PB Ratio for today is 7.76.

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

ON' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.22   Med: 5.97   Max: 12.63
Current: 7.77

During the past years, ON Semiconductor's highest Cyclically Adjusted PB Ratio was 12.63. The lowest was 2.22. And the median was 5.97.

ON's Cyclically Adjusted PB Ratio is ranked worse than
86.66% of 682 companies
in the Semiconductors industry
Industry Median: 2.485 vs ON: 7.77

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.

ON Semiconductor's adjusted book value per share data for the three months ended in Mar. 2024 was $18.896. 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 $9.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ON Semiconductor Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ON Semiconductor'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.

ON Semiconductor Cyclically Adjusted PB Ratio Chart

ON Semiconductor 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 5.09 6.14 10.86 8.28 9.25

ON Semiconductor Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 10.38 11.37 10.66 9.25 7.83

Competitive Comparison of ON Semiconductor's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, ON Semiconductor'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.


ON Semiconductor's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



ON Semiconductor 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.

ON Semiconductor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=72.99/9.4
=7.76

* 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.

ON Semiconductor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ON Semiconductor's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=18.896/129.4194*129.4194
=18.896

Current CPI (Mar. 2024) = 129.4194.

ON Semiconductor Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.642 100.560 4.687
201409 3.735 100.428 4.813
201412 3.747 99.070 4.895
201503 3.728 99.621 4.843
201506 3.794 100.684 4.877
201509 3.777 100.392 4.869
201512 3.903 99.792 5.062
201603 3.988 100.470 5.137
201606 4.094 101.688 5.210
201609 4.151 101.861 5.274
201612 4.352 101.863 5.529
201703 4.697 102.862 5.910
201706 4.974 103.349 6.229
201709 5.232 104.136 6.502
201712 6.537 104.011 8.134
201803 6.851 105.290 8.421
201806 7.207 106.317 8.773
201809 7.500 106.507 9.113
201812 7.664 105.998 9.357
201903 7.766 107.251 9.371
201906 7.985 108.070 9.562
201909 7.839 108.329 9.365
201912 8.027 108.420 9.582
202003 7.841 108.902 9.318
202006 7.877 108.767 9.373
202009 8.325 109.815 9.811
202012 8.592 109.897 10.118
202103 8.644 111.754 10.010
202106 8.790 114.631 9.924
202109 9.572 115.734 10.704
202112 10.603 117.630 11.666
202203 11.503 121.301 12.273
202206 12.438 125.017 12.876
202209 13.080 125.227 13.518
202212 14.327 125.222 14.807
202303 14.931 127.348 15.174
202306 16.185 128.729 16.272
202309 17.381 129.860 17.322
202312 18.252 129.419 18.252
202403 18.896 129.419 18.896

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.


ON Semiconductor  (NAS:ON) 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.


ON Semiconductor Cyclically Adjusted PB Ratio Related Terms

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


ON Semiconductor (ON Semiconductor) Business Description

Traded in Other Exchanges
Address
5005 East McDowell Road, Phoenix, AZ, USA, 85008
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.
Executives
Colpitts Bernard Raymond Jr officer: Chief Accounting Officer ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Christina Lampe-onnerud director C/O FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD, DANBURY CT 06810
Christine Y Yan director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Simon Keeton officer: EVP & GM, Pwr Sol Grp ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Hassane El-khoury director, officer: CEO & President ONSEMI C/O L. BELLERJEAU M/D A700, 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
Paul Anthony Mascarenas director 3850 HAMLIN ROAD, AUBURN HILLS MI 48326
Sudhir Gopalswamy officer: SVP & GM, ASG 5701 N. PIMA ROAD, SCOTTSDALE AZ 85250
Robert Tong officer: SVP & GM, ASG 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Vince Craig Hopkin officer: EVP & GM, ASG ONSEMI C/O M COLLINS M/D A700, 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
George H Cave officer: Senior Vice President C O ONSEMI ATTN M COLLINS, 5005 E MCDOWELL RD MDA700, PHOENIX AZ 85008
Gregory L Waters director ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Paul E Rolls officer: Exec VP Sales & Marketing C/O ON SEMICONDUCTOR, 5005 E MCDOWELL RD MD A700, PHOENIX AZ 85008
Emmanuel T Hernandez director C/O MEMC ELECTRONIC MATERIALS, INC., P O BOX 8, ST. PETERS MO 63376
Trent Thad officer: Exec VP & CFO ONSEMI C/O M. COLLINS M/D A700, 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
Bruce E Kiddoo director ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250