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F5 (BSP:F1FI34) Cyclically Adjusted Book per Share : R$41.10 (As of Mar. 2024)


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What is F5 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.

F5's adjusted book value per share for the three months ended in Mar. 2024 was R$62.307. 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 R$41.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, F5's average Cyclically Adjusted Book Growth Rate was 10.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.80% 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 F5 was 19.80% per year. The lowest was 8.30% per year. And the median was 14.00% per year.

As of today (2024-05-22), F5's current stock price is R$221.76. F5's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$41.10. F5's Cyclically Adjusted PB Ratio of today is 5.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of F5 was 11.43. The lowest was 4.34. And the median was 7.91.


F5 Cyclically Adjusted Book per Share Historical Data

The historical data trend for F5'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.

F5 Cyclically Adjusted Book per Share Chart

F5 Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 35.17 34.32 39.54 37.62

F5 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 39.01 37.88 37.62 34.58 41.10

Competitive Comparison of F5's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, F5'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.


F5's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, F5's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where F5's Cyclically Adjusted PB Ratio falls into.



F5 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, F5'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)
=62.307/131.7762*131.7762
=62.307

Current CPI (Mar. 2024) = 131.7762.

F5 Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.522 100.560 13.788
201409 10.905 100.428 14.309
201412 12.322 99.070 16.390
201503 14.483 99.621 19.158
201506 14.540 100.684 19.030
201509 18.319 100.392 24.046
201512 17.817 99.792 23.527
201603 16.301 100.470 21.380
201606 15.346 101.688 19.887
201609 14.759 101.861 19.094
201612 15.466 101.863 20.008
201703 14.447 102.862 18.508
201706 15.618 103.349 19.914
201709 15.381 104.136 19.464
201712 16.346 104.011 20.709
201803 16.453 105.290 20.592
201806 19.624 106.317 24.323
201809 21.929 106.507 27.132
201812 22.780 105.998 28.320
201903 23.603 107.251 29.000
201906 26.031 108.070 31.741
201909 30.052 108.329 36.556
201912 32.562 108.420 39.577
202003 40.260 108.902 48.717
202006 45.678 108.767 55.341
202009 49.323 109.815 59.187
202012 50.118 109.897 60.096
202103 47.102 111.754 55.541
202106 45.703 114.631 52.539
202109 51.357 115.734 58.476
202112 56.012 117.630 62.748
202203 49.322 121.301 53.581
202206 49.221 125.017 51.882
202209 54.069 125.227 56.897
202212 56.330 125.222 59.278
202303 58.697 127.348 60.738
202306 54.383 128.729 55.670
202309 58.395 129.860 59.257
202312 59.604 129.419 60.689
202403 62.307 131.776 62.307

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


F5  (BSP:F1FI34) 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.

F5's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=221.76/41.1
=5.40

* 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 F5 was 11.43. The lowest was 4.34. And the median was 7.91.


Be Aware

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


F5 Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of F5's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


F5 (BSP:F1FI34) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » F5 Inc (BSP:F1FI34) » Definitions » Cyclically Adjusted Book per Share
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Address
801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, has about 6,500 employees, and generates about 55% its revenue within the Americas, 25% in EMEA, and 20% in APAC/Japan.

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