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Ferrotec Holdings (Ferrotec Holdings) Cyclically Adjusted Book per Share : $17.41 (As of Dec. 2023)


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What is Ferrotec Holdings 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.

Ferrotec Holdings's adjusted book value per share for the three months ended in Dec. 2023 was $30.956. 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 $17.41 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Ferrotec Holdings's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Ferrotec Holdings was 13.10% per year. The lowest was 3.60% per year. And the median was 6.70% per year.

As of today (2024-06-01), Ferrotec Holdings's current stock price is $18.80. Ferrotec Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $17.41. Ferrotec Holdings's Cyclically Adjusted PB Ratio of today is 1.08.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ferrotec Holdings was 3.34. The lowest was 0.40. And the median was 1.48.


Ferrotec Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ferrotec Holdings'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.

Ferrotec Holdings Cyclically Adjusted Book per Share Chart

Ferrotec Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.84 - 10.37 12.38 -

Ferrotec Holdings 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 12.38 11.57 15.45 17.41 -

Competitive Comparison of Ferrotec Holdings's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Ferrotec Holdings'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.


Ferrotec Holdings's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Ferrotec Holdings 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, Ferrotec Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=30.956/106.8000*106.8000
=30.956

Current CPI (Dec. 2023) = 106.8000.

Ferrotec Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.889 95.700 13.268
201406 11.426 98.000 12.452
201409 10.801 98.500 11.711
201412 10.608 97.900 11.572
201503 10.475 97.900 11.427
201506 10.228 98.400 11.101
201509 10.891 98.500 11.809
201512 10.457 98.100 11.384
201603 11.125 97.900 12.136
201606 11.390 98.100 12.400
201609 10.774 98.000 11.741
201612 9.545 98.400 10.360
201703 11.269 98.100 12.268
201706 11.397 98.500 12.357
201709 12.052 98.800 13.028
201712 12.305 99.400 13.221
201803 13.075 99.200 14.077
201806 12.317 99.200 13.261
201809 12.426 99.900 13.284
201812 12.410 99.700 13.294
201903 12.039 99.700 12.896
201906 12.882 99.800 13.786
201909 12.201 100.100 13.018
201912 11.494 100.500 12.215
202003 12.129 100.300 12.915
202006 11.454 99.900 12.245
202009 13.372 99.900 14.296
202012 16.104 99.300 17.320
202103 16.607 99.900 17.754
202106 20.797 99.500 22.323
202109 22.905 100.100 24.438
202112 24.070 100.100 25.681
202203 24.810 101.100 26.209
202206 25.341 101.800 26.586
202209 26.126 103.100 27.064
202212 30.277 104.100 31.062
202303 29.303 104.400 29.977
202306 28.491 105.200 28.924
202309 28.787 106.200 28.950
202312 30.956 106.800 30.956

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


Ferrotec Holdings  (OTCPK:FRRZF) 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.

Ferrotec Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.80/17.41
=1.08

* 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 Ferrotec Holdings was 3.34. The lowest was 0.40. And the median was 1.48.


Be Aware

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


Ferrotec Holdings Cyclically Adjusted Book per Share Related Terms

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


Ferrotec Holdings (Ferrotec Holdings) Business Description

Traded in Other Exchanges
Address
2-3-4 Nihonbashi, Chuo-ku, Nihonbashi Plaza Building, Tokyo, JPN, 103-0027
Ferrotec Holdings Corp is a manufacturer of semiconductor equipment related products. The company operates through four business segments. Its Electronic device segment manufactures thermo-electric modules, ferrofluid, and power semiconductor substrate. The Equipment-related segment is engaged in the production and sale of vacuum seal, quartz products, ceramics and silicon products, silicon parts, and wafer products. Its Photovoltaic segment is involved in the formation of silicon crystal equipment, quartz crucible, and silicon for the solar cell. The company's Other segment comprises of laundry and other related industrial equipment.