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ASML Holding NV (BKK:ASML01) Cyclically Adjusted Book per Share : ฿0.98 (As of Mar. 2024)


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What is ASML Holding NV Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

ASML Holding NV's adjusted book value per share for the three months ended in Mar. 2024 was ฿1,366.043. 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 ฿0.98 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ASML Holding NV's average Cyclically Adjusted Book Growth Rate was 7.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of ASML Holding NV was 15.80% per year. The lowest was 7.30% per year. And the median was 13.90% per year.

As of today (2024-05-23), ASML Holding NV's current stock price is ฿27.75. ASML Holding NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿0.98. ASML Holding NV's Cyclically Adjusted PB Ratio of today is 28.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ASML Holding NV was 32.28. The lowest was 6.69. And the median was 10.96.


ASML Holding NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for ASML Holding NV's Cyclically Adjusted Book per Share 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.

ASML Holding NV Cyclically Adjusted Book per Share Chart

ASML Holding NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.92

ASML Holding 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 Book per Share 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 - - - 0.92 0.98

Competitive Comparison of ASML Holding NV's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, ASML Holding 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.


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

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

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



ASML Holding NV Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, ASML Holding 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)
=1366.043/128.5800*128.5800
=1,366.043

Current CPI (Mar. 2024) = 128.5800.

ASML Holding NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 714.921 99.240 926.285
201409 701.918 99.960 902.887
201412 703.685 99.050 913.476
201503 662.192 99.750 853.580
201506 699.712 100.230 897.625
201509 769.161 100.500 984.067
201512 768.517 99.730 990.834
201603 760.740 100.310 975.137
201606 761.857 100.260 977.055
201609 782.517 100.570 1,000.458
201612 862.032 100.710 1,100.587
201703 888.207 101.440 1,125.844
201706 889.932 101.370 1,128.810
201709 949.228 102.030 1,196.234
201712 973.253 101.970 1,227.232
201803 999.452 102.470 1,254.119
201806 965.701 103.100 1,204.363
201809 996.954 103.950 1,233.173
201812 1,028.655 103.970 1,272.141
201903 1,008.032 105.370 1,230.073
201906 963.400 105.840 1,170.389
201909 964.620 106.700 1,162.426
201912 1,006.353 106.800 1,211.581
202003 1,062.188 106.850 1,278.204
202006 1,064.526 107.510 1,273.154
202009 1,210.534 107.880 1,442.811
202012 1,218.193 107.850 1,452.344
202103 1,208.722 108.870 1,427.551
202106 1,117.993 109.670 1,310.764
202109 1,083.681 110.790 1,257.692
202112 955.153 114.010 1,077.218
202203 807.602 119.460 869.257
202206 710.911 119.050 767.820
202209 724.185 126.890 733.830
202212 822.393 124.940 846.353
202303 915.145 124.720 943.468
202306 1,019.607 125.830 1,041.890
202309 1,164.190 127.160 1,177.191
202312 1,304.380 126.450 1,326.352
202403 1,366.043 128.580 1,366.043

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


ASML Holding NV  (BKK:ASML01) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

ASML Holding NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.75/0.98
=28.32

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ASML Holding NV was 32.28. The lowest was 6.69. And the median was 10.96.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


ASML Holding NV Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of ASML Holding NV's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


ASML Holding NV (BKK:ASML01) Business Description

Industry
Address
De Run 6501, Veldhoven, NB, NLD, 5504 DR
ASML is the leader in photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.

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