GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zebra Technologies Corp (NAS:ZBRA) » Definitions » Cyclically Adjusted PB Ratio

Zebra Technologies (Zebra Technologies) Cyclically Adjusted PB Ratio : 8.54 (As of May. 24, 2024)


View and export this data going back to 1991. Start your Free Trial

What is Zebra Technologies Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Zebra Technologies's current share price is $322.94. Zebra Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $37.83. Zebra Technologies's Cyclically Adjusted PB Ratio for today is 8.54.

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

ZBRA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.92   Med: 7.99   Max: 24.21
Current: 8.57

During the past years, Zebra Technologies's highest Cyclically Adjusted PB Ratio was 24.21. The lowest was 2.92. And the median was 7.99.

ZBRA's Cyclically Adjusted PB Ratio is ranked worse than
95.13% of 1868 companies
in the Hardware industry
Industry Median: 1.66 vs ZBRA: 8.57

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.

Zebra Technologies's adjusted book value per share data for the three months ended in Mar. 2024 was $61.654. 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 $37.83 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zebra Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zebra Technologies'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.

Zebra Technologies Cyclically Adjusted PB Ratio Chart

Zebra Technologies 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 13.04 17.53 22.15 8.07 7.53

Zebra Technologies 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 9.59 8.60 6.65 7.53 7.97

Competitive Comparison of Zebra Technologies's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Zebra Technologies'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.


Zebra Technologies's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Zebra Technologies 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.

Zebra Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=322.94/37.83
=8.54

* 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.

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

For example, Zebra Technologies'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)
=61.654/131.7762*131.7762
=61.654

Current CPI (Mar. 2024) = 131.7762.

Zebra Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.651 100.560 27.062
201409 21.148 100.428 27.749
201412 20.134 99.070 26.781
201503 19.795 99.621 26.184
201506 18.273 100.684 23.916
201509 17.539 100.392 23.022
201512 17.120 99.792 22.607
201603 16.812 100.470 22.050
201606 15.746 101.688 20.405
201609 14.162 101.861 18.321
201612 14.976 101.863 19.374
201703 15.070 102.862 19.306
201706 15.392 103.349 19.626
201709 15.303 104.136 19.365
201712 15.666 104.011 19.848
201803 18.372 105.290 22.994
201806 19.984 106.317 24.770
201809 22.545 106.507 27.894
201812 24.781 105.998 30.808
201903 27.179 107.251 33.394
201906 28.813 108.070 35.134
201909 31.343 108.329 38.127
201912 34.054 108.420 41.390
202003 32.545 108.902 39.381
202006 33.813 108.767 40.966
202009 36.230 109.815 43.475
202012 40.103 109.897 48.087
202103 45.057 111.754 53.129
202106 48.480 114.631 55.731
202109 52.681 115.734 59.983
202112 55.864 117.630 62.582
202203 55.054 121.301 59.808
202206 48.369 125.017 50.984
202209 51.278 125.227 53.960
202212 53.118 125.222 55.898
202303 56.218 127.348 58.173
202306 58.286 128.729 59.666
202309 58.665 129.860 59.531
202312 59.090 129.419 60.166
202403 61.654 131.776 61.654

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.


Zebra Technologies  (NAS:ZBRA) 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.


Zebra Technologies Cyclically Adjusted PB Ratio Related Terms

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


Zebra Technologies (Zebra Technologies) Business Description

Traded in Other Exchanges
Address
3 Overlook Point, Lincolnshire, IL, USA, 60069
Zebra Technologies is a leading provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.
Executives
Bill Burns officer: SVP, Chief Product & Solutions C/O ZEBRA TECHNOLOGIES CORPORATION, 1 ZEBRA PLAZA, HOLTSVILLE NY 11742-1300
Nathan Andrew Winters officer: Acting Chief Financial Officer C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Richard Edward Hudson officer: Chief Revenue Officer C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Frank Blaise Modruson director C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Richard L Keyser director 100 GRAINGER PARKWAY, LAKE FOREST IL 60045
Anders Gustafsson director, officer: Chief Executive Officer C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Satish Dhanasekaran director 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Armstrong Robert John Jr officer: Chief Marketing Officer C/O ZEBRA TECHNOLOGIES, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Joseph Ramsey White officer: Chief Product & Solutions C/O ZEBRA TECHNOLOGIES, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Michael Cho officer: SVP, Corporate Development C/O ZEBRA TECHNOLOGIES CORPORATION, LINCOLNSHIRE IL 60069
Tamara Dionne Froese officer: Chief Supply Chain Officer C/O ZEBRA TECHNOLOGIES, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Stephen Edgar Williams officer: SVP, Global Supply Chain C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Nelda J Connors director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Janice M Roberts director 540 COWPER STREET, SUITE 200, PALO ALTO CA 94301
Michael A Smith director C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069