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Calix (FRA:CXA) Cyclically Adjusted PB Ratio : 5.35 (As of Jun. 02, 2024)


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What is Calix Cyclically Adjusted PB Ratio?

As of today (2024-06-02), Calix's current share price is €32.20. Calix's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.02. Calix's Cyclically Adjusted PB Ratio for today is 5.35.

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

FRA:CXA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.23   Med: 6.22   Max: 15.71
Current: 5.51

During the past years, Calix's highest Cyclically Adjusted PB Ratio was 15.71. The lowest was 1.23. And the median was 6.22.

FRA:CXA's Cyclically Adjusted PB Ratio is ranked worse than
78.18% of 1384 companies
in the Software industry
Industry Median: 2.545 vs FRA:CXA: 5.51

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.

Calix's adjusted book value per share data for the three months ended in Mar. 2024 was €10.428. 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 €6.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Calix Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Calix'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.

Calix Cyclically Adjusted PB Ratio Chart

Calix 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 1.61 6.20 15.71 12.06 6.98

Calix 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 9.14 8.28 7.41 6.98 5.12

Competitive Comparison of Calix's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Calix'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.


Calix's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Calix 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.

Calix's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.20/6.02
=5.35

* 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.

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

For example, Calix'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)
=10.428/131.7762*131.7762
=10.428

Current CPI (Mar. 2024) = 131.7762.

Calix Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.895 100.560 5.104
201409 4.076 100.428 5.348
201412 4.282 99.070 5.696
201503 4.716 99.621 6.238
201506 4.473 100.684 5.854
201509 4.467 100.392 5.863
201512 4.372 99.792 5.773
201603 4.037 100.470 5.295
201606 3.900 101.688 5.054
201609 3.991 101.861 5.163
201612 4.087 101.863 5.287
201703 3.432 102.862 4.397
201706 2.925 103.349 3.730
201709 2.504 104.136 3.169
201712 2.378 104.011 3.013
201803 2.165 105.290 2.710
201806 2.278 106.317 2.824
201809 2.324 106.507 2.875
201812 2.475 105.998 3.077
201903 2.383 107.251 2.928
201906 2.350 108.070 2.866
201909 2.391 108.329 2.909
201912 2.456 108.420 2.985
202003 2.412 108.902 2.919
202006 2.431 108.767 2.945
202009 3.402 109.815 4.082
202012 3.709 109.897 4.447
202103 4.206 111.754 4.960
202106 4.539 114.631 5.218
202109 7.144 115.734 8.134
202112 7.827 117.630 8.768
202203 8.317 121.301 9.035
202206 8.948 125.017 9.432
202209 9.997 125.227 10.520
202212 9.759 125.222 10.270
202303 10.121 127.348 10.473
202306 10.323 128.729 10.567
202309 10.669 129.860 10.826
202312 10.135 129.419 10.320
202403 10.428 131.776 10.428

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.


Calix  (FRA:CXA) 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.


Calix Cyclically Adjusted PB Ratio Related Terms

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


Calix (FRA:CXA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Calix Inc (FRA:CXA) » Definitions » Cyclically Adjusted PB Ratio
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Address
2777 Orchard Parkway, San Jose, CA, USA, 95134
Calix Inc develops, market and sell Calix cloud, systems and software platforms to enable service providers of all types and sizes to innovate and transform. The company's customers utilize the real-time data and insights from Calix platforms to simplify their business and deliver experiences that excite their subscribers. The resulting growth in subscriber acquisition, loyalty and revenue creates more value for their businesses and communities. This is the Calix mission to enable communications, and service providers of all sizes to simplify, excite and grow. The Company's revenue is principally derived in the United States.

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