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Rambus (Rambus) Cyclically Adjusted PB Ratio : 7.39 (As of Apr. 27, 2024)


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What is Rambus Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Rambus's current share price is $59.23. Rambus's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.01. Rambus's Cyclically Adjusted PB Ratio for today is 7.39.

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

RMBS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66   Med: 3.38   Max: 9.14
Current: 7.26

During the past years, Rambus's highest Cyclically Adjusted PB Ratio was 9.14. The lowest was 1.66. And the median was 3.38.

RMBS's Cyclically Adjusted PB Ratio is ranked worse than
85.33% of 668 companies
in the Semiconductors industry
Industry Median: 2.38 vs RMBS: 7.26

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.

Rambus's adjusted book value per share data for the three months ended in Dec. 2023 was $9.625. 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 $8.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rambus Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Rambus'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.

Rambus Cyclically Adjusted PB Ratio Chart

Rambus 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 2.60 3.01 4.48 4.91 8.52

Rambus 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 4.91 6.84 8.33 7.07 8.52

Competitive Comparison of Rambus's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Rambus'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.


Rambus's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Rambus 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.23/8.01
=7.39

* 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.

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

For example, Rambus'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)
=9.625/129.4194*129.4194
=9.625

Current CPI (Dec. 2023) = 129.4194.

Rambus Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.095 99.695 4.018
201406 3.202 100.560 4.121
201409 3.291 100.428 4.241
201412 3.401 99.070 4.443
201503 3.515 99.621 4.566
201506 3.650 100.684 4.692
201509 5.199 100.392 6.702
201512 4.818 99.792 6.248
201603 4.858 100.470 6.258
201606 4.935 101.688 6.281
201609 5.005 101.861 6.359
201612 4.978 101.863 6.325
201703 5.384 102.862 6.774
201706 5.218 103.349 6.534
201709 5.370 104.136 6.674
201712 5.207 104.011 6.479
201803 10.411 105.290 12.797
201806 10.298 106.317 12.536
201809 9.293 106.507 11.292
201812 9.284 105.998 11.335
201903 9.057 107.251 10.929
201906 8.758 108.070 10.488
201909 8.622 108.329 10.301
201912 8.699 108.420 10.384
202003 8.525 108.902 10.131
202006 8.486 108.767 10.097
202009 8.411 109.815 9.913
202012 8.171 109.897 9.623
202103 8.083 111.754 9.361
202106 7.627 114.631 8.611
202109 7.752 115.734 8.669
202112 7.891 117.630 8.682
202203 7.195 121.301 7.677
202206 7.583 125.017 7.850
202209 6.977 125.227 7.211
202212 7.242 125.222 7.485
202303 6.998 127.348 7.112
202306 8.664 128.729 8.710
202309 8.888 129.860 8.858
202312 9.625 129.419 9.625

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.


Rambus  (NAS:RMBS) 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.


Rambus Cyclically Adjusted PB Ratio Related Terms

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


Rambus (Rambus) Business Description

Industry
Traded in Other Exchanges
Address
4453 North First Street, Suite 100, San Jose, CA, USA, 95134
Rambus Inc is a semiconductor solutions provider offering high-speed, high-security computer chips and Silicon intellectual property. The company's Key products include memory interface chips, built for high speed and efficiency; silicon IP, providing high-speed memory and chip-to-chip connection technology; and architecture licenses, which allow customers to use portions of Rambus' patented inventions for their own digital electronics. The firm receives the majority of its revenue from the United States, Taiwan, Asia-Other, Japan and Singapore.
Executives
Xianzhi Sean Fan officer: COO C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Desmond Lynch officer: SVP, CFO 4453 NORTH FIRST STREET, SUITE 100, SAN JOSE CA 95134
Eric B Stang director
Steven Laub director 5555 NE MOORE CT., HILLSBORO OR 97124
Emiko Higashi director C/O GILO VENTURES, 175 ALMENDRAL AVENUE, ATHERTON CA 94027
Necip Sayiner director 400 W CESAR CHAVEZ, AUSTIN TX 78701
John K Allen officer: Chief Accounting Officer C/O LEADIS TECHNOLOGY, INC., 800 W. CALIFORNIA AVENUE, SUNNYVALE CA 94086
Luc Seraphin officer: Interim CEO, SVP & GM 1050 ENTERPRISE WAY, SUITE 700, 4453 N FIRST ST, STE 100, SAN JOSE CA 95134
John Shinn officer: SVP, General Counsel 4453 NORTH FIRST STREET, SUITE 100, SAN JOSE CA 95134
Charles Kissner director 170 ROSE ORCHARD WAY, SAN JOSE CA 95134
Karen M Rogge director APPLIED MICRO CIRCUITS CORP, 4555 GREAT AMERICA PARKWAY, SUITE 601, SANTA CLARA CA 95054
James A Mitarotonda director 888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Keith A Jones officer: Principal Accounting Officer 4453 N FIRST ST, STE 100, SAN JOSE CA 95134
Jae Kim officer: SVP, GC & HR C/O RAMBUS INC., 1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089
Gregory S Lang director C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138