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Acacia Research (FRA:AZG2) Cyclically Adjusted PB Ratio : 0.77 (As of Jun. 10, 2024)


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What is Acacia Research Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Acacia Research's current share price is €4.76. Acacia Research's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.20. Acacia Research's Cyclically Adjusted PB Ratio for today is 0.77.

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

FRA:AZG2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.59   Max: 5.74
Current: 0.75

During the past years, Acacia Research's highest Cyclically Adjusted PB Ratio was 5.74. The lowest was 0.28. And the median was 0.59.

FRA:AZG2's Cyclically Adjusted PB Ratio is ranked better than
81.86% of 2177 companies
in the Industrial Products industry
Industry Median: 1.8 vs FRA:AZG2: 0.75

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.

Acacia Research's adjusted book value per share data for the three months ended in Mar. 2024 was €5.227. 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 €6.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Acacia Research Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Acacia Research'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.

Acacia Research Cyclically Adjusted PB Ratio Chart

Acacia Research 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 0.34 0.49 0.63 0.54 0.56

Acacia Research 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 0.51 0.56 0.50 0.56 0.77

Competitive Comparison of Acacia Research's Cyclically Adjusted PB Ratio

For the Business Equipment & Supplies subindustry, Acacia Research'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.


Acacia Research's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Acacia Research's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Acacia Research 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.

Acacia Research's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.76/6.2
=0.77

* 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.

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

For example, Acacia Research'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)
=5.227/131.7762*131.7762
=5.227

Current CPI (Mar. 2024) = 131.7762.

Acacia Research Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.593 100.560 9.950
201409 7.768 100.428 10.193
201412 7.833 99.070 10.419
201503 8.474 99.621 11.209
201506 8.062 100.684 10.552
201509 7.549 100.392 9.909
201512 5.622 99.792 7.424
201603 5.375 100.470 7.050
201606 4.643 101.688 6.017
201609 4.818 101.861 6.233
201612 4.988 101.863 6.453
201703 4.739 102.862 6.071
201706 4.287 103.349 5.466
201709 6.690 104.136 8.466
201712 4.911 104.011 6.222
201803 4.251 105.290 5.320
201806 4.027 106.317 4.991
201809 3.458 106.507 4.278
201812 3.354 105.998 4.170
201903 3.297 107.251 4.051
201906 3.174 108.070 3.870
201909 3.111 108.329 3.784
201912 3.093 108.420 3.759
202003 2.906 108.902 3.516
202006 2.932 108.767 3.552
202009 3.454 109.815 4.145
202012 4.625 109.897 5.546
202103 1.981 111.754 2.336
202106 2.261 114.631 2.599
202109 3.838 115.734 4.370
202112 7.605 117.630 8.520
202203 6.495 121.301 7.056
202206 5.662 125.017 5.968
202209 6.754 125.227 7.107
202212 5.607 125.222 5.900
202303 5.498 127.348 5.689
202306 5.096 128.729 5.217
202309 4.621 129.860 4.689
202312 5.216 129.419 5.311
202403 5.227 131.776 5.227

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.


Acacia Research  (FRA:AZG2) 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.


Acacia Research Cyclically Adjusted PB Ratio Related Terms

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


Acacia Research (FRA:AZG2) Business Description

Traded in Other Exchanges
Address
767 Third Avenue, 6th Floor, New York, NY, USA, 10017
Acacia Research Corp is engaged in the acquisition, development, and patents technologies through its subsidiaries. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies. It has two segments Intellectual Property Operations and Industrial Operations.

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