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Knowles (Knowles) Cyclically Adjusted Book per Share : $15.36 (As of Mar. 2024)


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What is Knowles 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.

Knowles's adjusted book value per share for the three months ended in Mar. 2024 was $11.521. 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 $15.36 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Knowles's average Cyclically Adjusted Book Growth Rate was -4.40% 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 (2024-05-14), Knowles's current stock price is $17.51. Knowles's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.36. Knowles's Cyclically Adjusted PB Ratio of today is 1.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Knowles was 1.23. The lowest was 0.74. And the median was 1.03.


Knowles Cyclically Adjusted Book per Share Historical Data

The historical data trend for Knowles'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.

Knowles Cyclically Adjusted Book per Share Chart

Knowles 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 - - - 15.93 15.61

Knowles 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 16.06 16.09 16.10 15.61 15.36

Competitive Comparison of Knowles's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Knowles'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.


Knowles's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Knowles 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, Knowles'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)
=11.521/129.4194*129.4194
=11.521

Current CPI (Mar. 2024) = 129.4194.

Knowles Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.507 100.560 19.957
201409 14.950 100.428 19.266
201412 14.533 99.070 18.985
201503 13.758 99.621 17.873
201506 13.709 100.684 17.622
201509 13.572 100.392 17.496
201512 11.382 99.792 14.761
201603 11.261 100.470 14.506
201606 11.310 101.688 14.394
201609 11.572 101.861 14.703
201612 11.364 101.863 14.438
201703 11.514 102.862 14.487
201706 11.295 103.349 14.144
201709 11.590 104.136 14.404
201712 12.650 104.011 15.740
201803 12.682 105.290 15.588
201806 12.682 106.317 15.438
201809 12.474 106.507 15.158
201812 13.430 105.998 16.398
201903 13.388 107.251 16.155
201906 13.469 108.070 16.130
201909 13.737 108.329 16.411
201912 14.051 108.420 16.772
202003 13.719 108.902 16.304
202006 13.573 108.767 16.150
202009 13.796 109.815 16.259
202012 14.229 109.897 16.757
202103 14.270 111.754 16.526
202106 14.481 114.631 16.349
202109 14.797 115.734 16.547
202112 15.882 117.630 17.474
202203 15.903 121.301 16.967
202206 13.084 125.017 13.545
202209 12.977 125.227 13.412
202212 10.902 125.222 11.267
202303 10.808 127.348 10.984
202306 10.824 128.729 10.882
202309 11.005 129.860 10.968
202312 11.607 129.419 11.607
202403 11.521 129.419 11.521

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


Knowles  (NYSE:KN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.51/15.36
=1.14

* 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 Knowles was 1.23. The lowest was 0.74. And the median was 1.03.


Be Aware

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


Knowles Cyclically Adjusted Book per Share Related Terms

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


Knowles (Knowles) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Knowles Corp (NYSE:KN) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
1151 Maplewood Drive, Itasca, IL, USA, 60143
Knowles Corp is engaged in the manufacturing of micro-acoustic microphones and balanced armature speakers, audio solutions, high-performance capacitors, and radio frequency filtering products. It operates in three segments; the Precision Devices segment specializes in the design and delivery of high-performance capacitor products and RF solutions, Medtech & Specialty Audio segment designs and manufactures microphones and balanced armature speakers used in applications and the Consumer MEMS Microphones segment designs and manufactures micro-electro-mechanical systems microphones and audio solutions used in applications. The majority of its revenue comes from the Consumer MEMS Microphones segment.
Executives
Raymond D. Cabrera officer: Senior VP, HR & CAO KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Erania Brackett director C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Daniel J Crowley director 870 WINTER STREET, WALTHAM MA 02451
Jeffrey Niew director, officer: President & CEO KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Cheryl L Shavers director 400 COLLINS ROAD NE, M/S 124-323, CEDAR RAPIDS IA 52498
John S. Anderson officer: Senior VP & CFO KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Daniel J. Giesecke officer: Senior VP & COO KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Bastarrica Air A. Jr. officer: Vice President & Controller 1151 MAPLEWOOD DR, ITASCA IL 60143-2071
Donald Macleod director
Michael S Wishart director SPANSION INC., 915 DEGUIGNE DRIVE, SUNNYVALE CA 94085-3836
Ronald Steven Jankov director 3875 FREEDOM CIRCLE, SUITE 900, SANTA CLARA CA 95054
Didier Hirsch director 5301 STEVENS CREEK BOULEVARD, SANTA CLARA CA 95051
Christian Scherp officer: Co-President, MCE KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Ye Jane Li director 200 FLYNN ROAD, CAMARILLO CA 93012-8790
Michael S. Polacek officer: President, Intelligent Audio KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143