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BE Semiconductor Industries NV (XAMS:BESI) Cyclically Adjusted Book per Share : €6.14 (As of Mar. 2024)


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What is BE Semiconductor Industries 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.

BE Semiconductor Industries NV's adjusted book value per share for the three months ended in Mar. 2024 was €6.259. 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 €6.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BE Semiconductor Industries NV's average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.30% 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 BE Semiconductor Industries NV was 10.90% per year. The lowest was -0.80% per year. And the median was 2.60% per year.

As of today (2024-05-16), BE Semiconductor Industries NV's current stock price is €132.65. BE Semiconductor Industries NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.14. BE Semiconductor Industries NV's Cyclically Adjusted PB Ratio of today is 21.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BE Semiconductor Industries NV was 27.59. The lowest was 1.06. And the median was 6.71.


BE Semiconductor Industries NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for BE Semiconductor Industries 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.

BE Semiconductor Industries NV Cyclically Adjusted Book per Share Chart

BE Semiconductor Industries 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 4.33 4.50 5.04 5.91 6.10

BE Semiconductor Industries 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 5.98 6.04 6.11 6.10 6.14

Competitive Comparison of BE Semiconductor Industries NV's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, BE Semiconductor Industries 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.


BE Semiconductor Industries NV's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where BE Semiconductor Industries NV's Cyclically Adjusted PB Ratio falls into.



BE Semiconductor Industries 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, BE Semiconductor Industries 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)
=6.259/126.4000*126.4000
=6.259

Current CPI (Mar. 2024) = 126.4000.

BE Semiconductor Industries NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.798 99.240 4.837
201409 4.146 99.960 5.243
201412 4.339 99.050 5.537
201503 4.849 99.750 6.144
201506 4.269 100.230 5.384
201509 4.232 100.500 5.323
201512 4.366 99.730 5.534
201603 4.451 100.310 5.609
201606 4.122 100.260 5.197
201609 4.251 100.570 5.343
201612 4.600 100.710 5.773
201703 4.882 101.440 6.083
201706 4.568 101.370 5.696
201709 5.124 102.030 6.348
201712 5.823 101.970 7.218
201803 6.336 102.470 7.816
201806 4.580 103.100 5.615
201809 4.882 103.950 5.936
201812 5.059 103.970 6.150
201903 5.135 105.370 6.160
201906 3.579 105.840 4.274
201909 3.741 106.700 4.432
201912 4.134 106.800 4.893
202003 4.391 106.850 5.194
202006 3.955 107.510 4.650
202009 4.523 107.880 5.299
202012 5.095 107.850 5.971
202103 5.897 108.870 6.847
202106 6.021 109.670 6.939
202109 7.047 110.790 8.040
202112 7.943 114.010 8.806
202203 8.934 119.460 9.453
202206 7.863 119.050 8.348
202209 8.261 126.890 8.229
202212 8.008 124.940 8.102
202303 7.701 124.720 7.805
202306 4.882 125.830 4.904
202309 4.865 127.160 4.836
202312 5.472 126.400 5.472
202403 6.259 126.400 6.259

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


BE Semiconductor Industries NV  (XAMS:BESI) 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.

BE Semiconductor Industries NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=132.65/6.14
=21.60

* 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 BE Semiconductor Industries NV was 27.59. The lowest was 1.06. And the median was 6.71.


Be Aware

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


BE Semiconductor Industries NV Cyclically Adjusted Book per Share Related Terms

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


BE Semiconductor Industries NV (XAMS:BESI) Business Description

Address
Ratio 6, Duiven, NLD, 6921 RW
Besi provides equipment for the semiconductor assembly and packaging market (known as the back-end). Besi is one of the market leaders with a focused portfolio and flexible business operations, which allow it to maintain leading gross and operating margins. Besi's main clients are the world's largest foundries (TSMC, Samsung, and Intel) as well as integrated device manufacturers.

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