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Melexis NV (XBRU:MELE) Cyclically Adjusted PB Ratio : 8.13 (As of Apr. 28, 2024)


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What is Melexis NV Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Melexis NV's current share price is €80.95. Melexis NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.96. Melexis NV's Cyclically Adjusted PB Ratio for today is 8.13.

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

XBRU:MELE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.14   Med: 11.78   Max: 20.74
Current: 8.13

During the past years, Melexis NV's highest Cyclically Adjusted PB Ratio was 20.74. The lowest was 7.14. And the median was 11.78.

XBRU:MELE's Cyclically Adjusted PB Ratio is ranked worse than
88.32% of 668 companies
in the Semiconductors industry
Industry Median: 2.38 vs XBRU:MELE: 8.13

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.

Melexis NV's adjusted book value per share data for the three months ended in Mar. 2024 was €14.901. 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 €9.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Melexis NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Melexis NV'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.

Melexis NV Cyclically Adjusted PB Ratio Chart

Melexis NV 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 11.88 12.80 14.45 9.23 9.38

Melexis NV 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 11.83 9.84 8.67 9.38 7.54

Competitive Comparison of Melexis NV's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Melexis NV'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.


Melexis NV's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Melexis NV 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.

Melexis NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=80.95/9.96
=8.13

* 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.

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

For example, Melexis NV'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)
=14.901/128.2922*128.2922
=14.901

Current CPI (Mar. 2024) = 128.2922.

Melexis NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.893 99.482 6.310
201409 5.520 99.195 7.139
201412 5.027 99.086 6.509
201503 5.497 99.423 7.093
201506 6.106 100.107 7.825
201509 6.814 100.245 8.720
201512 6.054 100.572 7.723
201603 6.632 101.653 8.370
201606 6.607 102.267 8.288
201609 7.237 102.118 9.092
201612 6.553 102.614 8.193
201703 7.179 103.972 8.858
201706 7.272 103.902 8.979
201709 8.013 104.170 9.869
201712 7.347 104.804 8.994
201803 8.067 105.419 9.817
201806 7.977 106.063 9.649
201809 8.724 106.618 10.498
201812 8.139 107.252 9.736
201903 8.497 107.876 10.105
201906 7.983 107.896 9.492
201909 8.391 107.470 10.017
201912 7.467 108.065 8.865
202003 7.978 108.550 9.429
202006 8.214 108.540 9.709
202009 8.573 108.441 10.142
202012 7.859 108.511 9.292
202103 9.256 109.522 10.842
202106 9.180 110.305 10.677
202109 10.095 111.543 11.611
202112 9.630 114.705 10.771
202203 10.839 118.620 11.723
202206 10.753 120.948 11.406
202209 12.001 124.120 12.404
202212 11.933 126.578 12.095
202303 13.169 126.528 13.353
202306 12.271 125.973 12.497
202309 13.691 127.083 13.821
202312 13.640 128.292 13.640
202403 14.901 128.292 14.901

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.


Melexis NV  (XBRU:MELE) 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.


Melexis NV Cyclically Adjusted PB Ratio Related Terms

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


Melexis NV (XBRU:MELE) Business Description

Industry
Traded in Other Exchanges
Address
Rozendaalstraat 12, Ieper, BEL, 8900
Melexis designs sensor integrated circuits, which are a type of analog/mixed-signal chip, for the automobile industry. Its chips measure variables like positioning, temperature, electrical current, and pressure and convert real-world signals into digital signals to control car functionalities like the powertrain, rotation, safety systems, and pumps and fans, among many others.

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