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MKS Instruments (MKS Instruments) Cyclically Adjusted PB Ratio : 3.13 (As of May. 28, 2024)


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What is MKS Instruments Cyclically Adjusted PB Ratio?

As of today (2024-05-28), MKS Instruments's current share price is $130.78. MKS Instruments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $41.79. MKS Instruments's Cyclically Adjusted PB Ratio for today is 3.13.

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

MKSI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.42   Med: 3.09   Max: 6.9
Current: 3.13

During the past years, MKS Instruments's highest Cyclically Adjusted PB Ratio was 6.90. The lowest was 1.42. And the median was 3.09.

MKSI's Cyclically Adjusted PB Ratio is ranked worse than
74.45% of 1875 companies
in the Hardware industry
Industry Median: 1.66 vs MKSI: 3.13

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.

MKS Instruments's adjusted book value per share data for the three months ended in Mar. 2024 was $36.125. 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 $41.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MKS Instruments Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MKS Instruments'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.

MKS Instruments Cyclically Adjusted PB Ratio Chart

MKS Instruments 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 4.43 5.51 5.46 2.26 2.52

MKS Instruments 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 2.26 2.70 2.13 2.52 3.18

Competitive Comparison of MKS Instruments's Cyclically Adjusted PB Ratio

For the Scientific & Technical Instruments subindustry, MKS Instruments'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.


MKS Instruments's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



MKS Instruments 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.

MKS Instruments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=130.78/41.79
=3.13

* 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.

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

For example, MKS Instruments'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)
=36.125/131.7762*131.7762
=36.125

Current CPI (Mar. 2024) = 131.7762.

MKS Instruments Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.673 100.560 25.780
201409 19.948 100.428 26.175
201412 20.352 99.070 27.071
201503 20.730 99.621 27.421
201506 21.164 100.684 27.700
201509 21.531 100.392 28.262
201512 21.821 99.792 28.815
201603 21.969 100.470 28.814
201606 22.058 101.688 28.585
201609 22.687 101.861 29.350
201612 23.136 101.863 29.930
201703 24.225 102.862 31.035
201706 26.344 103.349 33.590
201709 27.771 104.136 35.142
201712 29.232 104.011 37.035
201803 31.167 105.290 39.007
201806 32.881 106.317 40.755
201809 33.534 106.507 41.490
201812 34.663 105.998 43.093
201903 35.419 107.251 43.519
201906 35.710 108.070 43.544
201909 36.214 108.329 44.052
201912 37.059 108.420 45.042
202003 37.405 108.902 45.262
202006 38.610 108.767 46.778
202009 40.387 109.815 48.464
202012 42.773 109.897 51.289
202103 44.682 111.754 52.687
202106 47.199 114.631 54.258
202109 49.164 115.734 55.979
202112 52.018 117.630 58.274
202203 54.442 121.301 59.143
202206 56.176 125.017 59.213
202209 62.391 125.227 65.654
202212 67.312 125.222 70.835
202303 66.762 127.348 69.084
202306 37.294 128.729 38.177
202309 37.010 129.860 37.556
202312 36.951 129.419 37.624
202403 36.125 131.776 36.125

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.


MKS Instruments  (NAS:MKSI) 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.


MKS Instruments Cyclically Adjusted PB Ratio Related Terms

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


MKS Instruments (MKS Instruments) Business Description

Industry
Traded in Other Exchanges
Address
2 Tech Drive, Suite 201, Andover, MA, USA, 01810
MKS Instruments Inc is engaged in providing instruments, subsystems, and process control systems used to measure, monitor, deliver, and control parameters of manufacturing processes. The company's product portfolio includes instruments, components, and systems required in manufacturing products such as flat panel displays, medical devices, and electronic materials, among others used in industrial technologies, semiconductor, life and health sciences, and research and defense markets. The company organizes itself into three reportable business segments: Vacuum Solutions, Photonics Solutions, and Materials Solutions. The Vacuum Solutions segment contributes to roughly half of the company's revenue, and the majority of its revenue is earned in the United States.
Executives
Gerard G Colella officer: VP Global Business Operations 6 SHATTUCK RD, ANDOVER MA 01810
Elizabeth Mora director C/O MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Jacqueline F Moloney director 222 MERRIMACK STREET, LOWELL MA 01852
David Philip Henry officer: SVP, Corp Mkt, PMO & Glob Svc MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Seth H Bagshaw officer: Vice President, CFO
Kathleen Flaherty Burke officer: Sr. VP, GC & Secretary MKS INSTRUMENTS, INC., 2 TECH DRIVE, SUITE 201, ANDOVER MA 01810
Cap Iv, L.l.c. 10 percent owner C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004
Cap Iv General Partner, L.p. 10 percent owner C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004
Carlyle Asia Partners Iv, L.p. 10 percent owner 1001 PENNSYLVANIA AVENUE, NW, SUITE 220, WASHINGTON DC 20004
Carlyle Partners Vi Cayman Holdings, L.p. 10 percent owner C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Carlyle Group Inc. 10 percent owner C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Geoffrey Wild director 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Tc Group Vi Cayman, L.p. 10 percent owner C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Cg Subsidiary Holdings L.l.c. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Tc Group Vi Cayman, L.l.c. 10 percent owner C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004