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CommScope Holding Co (FRA:CM9) Cyclically Adjusted Book per Share : €3.48 (As of Mar. 2024)


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What is CommScope Holding Co 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.

CommScope Holding Co's adjusted book value per share for the three months ended in Mar. 2024 was €-14.440. 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 €3.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CommScope Holding Co's average Cyclically Adjusted Book Growth Rate was -30.10% 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.

As of today (2024-06-05), CommScope Holding Co's current stock price is €1.38. CommScope Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.48. CommScope Holding Co's Cyclically Adjusted PB Ratio of today is 0.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CommScope Holding Co was 2.16. The lowest was 0.24. And the median was 1.05.


CommScope Holding Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for CommScope Holding Co'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.

CommScope Holding Co Cyclically Adjusted Book per Share Chart

CommScope Holding Co 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 - - 5.73 5.34 4.11

CommScope Holding Co 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 4.91 4.84 4.36 4.11 3.48

Competitive Comparison of CommScope Holding Co's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, CommScope Holding Co'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.


CommScope Holding Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



CommScope Holding Co 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, CommScope Holding Co'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)
=-14.44/131.7762*131.7762
=-14.440

Current CPI (Mar. 2024) = 131.7762.

CommScope Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.808 100.560 6.301
201409 5.344 100.428 7.012
201412 5.646 99.070 7.510
201503 6.534 99.621 8.643
201506 6.615 100.684 8.658
201509 6.164 100.392 8.091
201512 5.865 99.792 7.745
201603 6.030 100.470 7.909
201606 6.100 101.688 7.905
201609 6.621 101.861 8.565
201612 6.818 101.863 8.820
201703 6.785 102.862 8.692
201706 7.007 103.349 8.934
201709 6.820 104.136 8.630
201712 7.294 104.011 9.241
201803 7.310 105.290 9.149
201806 7.585 106.317 9.401
201809 7.825 106.507 9.682
201812 8.027 105.998 9.979
201903 7.981 107.251 9.806
201906 6.504 108.070 7.931
201909 5.661 108.329 6.886
201912 3.868 108.420 4.701
202003 2.650 108.902 3.207
202006 1.358 108.767 1.645
202009 1.095 109.815 1.314
202012 1.458 109.897 1.748
202103 0.856 111.754 1.009
202106 0.280 114.631 0.322
202109 -0.347 115.734 -0.395
202112 -0.677 117.630 -0.758
202203 -1.378 121.301 -1.497
202206 -2.143 125.017 -2.259
202209 -2.610 125.227 -2.747
202212 -7.004 125.222 -7.371
202303 -6.814 127.348 -7.051
202306 -7.038 128.729 -7.205
202309 -11.010 129.860 -11.173
202312 -12.835 129.419 -13.069
202403 -14.440 131.776 -14.440

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


CommScope Holding Co  (FRA:CM9) 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.

CommScope Holding Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.38/3.48
=0.40

* 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 CommScope Holding Co was 2.16. The lowest was 0.24. And the median was 1.05.


Be Aware

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


CommScope Holding Co Cyclically Adjusted Book per Share Related Terms

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


CommScope Holding Co (FRA:CM9) Business Description

Industry
Traded in Other Exchanges
Address
1100 CommScope Place, South East, Hickory, NC, USA, 28602
CommScope Holding Co Inc is a provider of infrastructure solutions for communication, data center and entertainment networks. The company provides solutions for wired and wireless networks to enable service providers, including cable, telephone, data center and digital broadcast satellite operators and media programmers, to deliver media, voice, Internet Protocol (IP) data services and Wi-Fi to their subscribers and allow enterprises to experience constant wireless and wired connectivity across complex and varied networking environments. The company is into digital video and IP television (IPTV) distribution systems, broadband access infrastructure platforms and equipment that delivers data and voice networks to homes.

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