GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arrow Electronics Inc (NYSE:ARW) » Definitions » Cyclically Adjusted PB Ratio

Arrow Electronics (Arrow Electronics) Cyclically Adjusted PB Ratio : 1.73 (As of May. 31, 2024)


View and export this data going back to 1979. Start your Free Trial

What is Arrow Electronics Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Arrow Electronics's current share price is $131.31. Arrow Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $76.01. Arrow Electronics's Cyclically Adjusted PB Ratio for today is 1.73.

The historical rank and industry rank for Arrow Electronics's Cyclically Adjusted PB Ratio or its related term are showing as below:

ARW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.82   Max: 2.32
Current: 1.72

During the past years, Arrow Electronics's highest Cyclically Adjusted PB Ratio was 2.32. The lowest was 0.99. And the median was 1.82.

ARW's Cyclically Adjusted PB Ratio is ranked worse than
50.8% of 1884 companies
in the Hardware industry
Industry Median: 1.66 vs ARW: 1.72

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.

Arrow Electronics's adjusted book value per share data for the three months ended in Mar. 2024 was $107.066. 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 $76.01 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arrow Electronics Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Arrow Electronics's Cyclically Adjusted PB Ratio 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.

Arrow Electronics Cyclically Adjusted PB Ratio Chart

Arrow Electronics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.79 1.90 2.30 1.58 1.67

Arrow Electronics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 1.82 2.03 1.73 1.67 1.70

Competitive Comparison of Arrow Electronics's Cyclically Adjusted PB Ratio

For the Electronics & Computer Distribution subindustry, Arrow Electronics'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.


Arrow Electronics's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Arrow Electronics Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Arrow Electronics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=131.31/76.01
=1.73

* 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.

Arrow Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Arrow Electronics'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)
=107.066/131.7762*131.7762
=107.066

Current CPI (Mar. 2024) = 131.7762.

Arrow Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201406 43.554 100.560 57.074
201409 43.307 100.428 56.825
201412 43.318 99.070 57.619
201503 41.949 99.621 55.489
201506 43.679 100.684 57.168
201509 44.459 100.392 58.358
201512 45.560 99.792 60.162
201603 47.143 100.470 61.832
201606 48.106 101.688 62.340
201609 49.400 101.861 63.908
201612 49.638 101.863 64.215
201703 50.796 102.862 65.074
201706 53.328 103.349 67.996
201709 55.469 104.136 70.192
201712 56.440 104.011 71.506
201803 58.201 105.290 72.842
201806 58.578 106.317 72.606
201809 60.248 106.507 74.542
201812 62.506 105.998 77.707
201903 63.976 107.251 78.606
201906 57.357 108.070 69.939
201909 57.370 108.329 69.787
201912 59.686 108.420 72.544
202003 58.412 108.902 70.681
202006 60.486 108.767 73.281
202009 63.135 109.815 75.761
202012 68.000 109.897 81.538
202103 69.674 111.754 82.157
202106 71.598 114.631 82.307
202109 73.921 115.734 84.167
202112 77.605 117.630 86.938
202203 80.828 121.301 87.808
202206 82.666 125.017 87.136
202209 84.473 125.227 88.891
202212 93.611 125.222 98.511
202303 97.030 127.348 100.404
202306 100.362 128.729 102.738
202309 101.288 129.860 102.783
202312 107.886 129.419 109.851
202403 107.066 131.776 107.066

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


Arrow Electronics  (NYSE:ARW) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Arrow Electronics Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Arrow Electronics's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Arrow Electronics (Arrow Electronics) Business Description

Industry
Traded in Other Exchanges
Address
9201 East Dry Creek Road, Centennial, CO, USA, 80112
Arrow Electronics Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It has one of the world's broadest portfolios of product offerings available from electronic components and enterprise computing solutions suppliers, coupled with a range of services, solutions, and software, the company helps industrial and commercial customers introduce products, reduce their time to market, and enhance their overall competitiveness. The company has two business segments, the components business and the enterprise computing solutions.
Executives
Richard John Marano officer: President, Global Components 9201 E DRY CREEK ROAD, CENTENNIAL CO 80112
Gail Hamilton director 20330 STEVENS CREEK BLVD., CUPERTINO CA 95014
Kirk Schell officer: President, Global Components 9201 E DRY CREEK ROAD, CENTENNIAL CO 80112
Gretchen Zech officer: SVP, Global Human Resources 9201 E DRY CREEK RD, CENTENNIAL CO 80112
Andrew Charles Kerin director C/O ARAMARK CORPORATION, 1101 MARKET STREET, PHILADELPHIA PA 19107
Mary T Mcdowell director
Michael J Long director, officer: Chairman, President & CEO 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112
Kristin Diana Russell officer: President, Global ECS 9201 E. DRY CREEK RD., CENTENNIAL CO 80112
Vincent P Melvin officer: Chief Information Officer ARROW ELECTRONICS, INC., 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112
Rajesh K. Agrawal officer: SVP, Chief Financial Officer 9201 E. DRY CREEK RD., CENTENNIAL CO 80112
Carine Lamercie Jean-claude officer: SVP, Chief Legal Officer 9201 E. DRY CREEK RD., CENTENNIAL CO 80112
David Alan West officer: President, Global Components 9201 E. DRY CREEK RD., CENTENNIAL CO 80112
Christopher Stansbury officer: SVP & Chief Financial Officer C/O ARROW ELECTRONICS, INC, 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112
Charles Ii Kostalnick officer: Chief Supply Chain Officer 2700 NORTH FIRST STREET, SAN JOSE CA 95134
Carol P Lowe director 4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104