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TD Synnex (FRA:SUX) Cyclically Adjusted PB Ratio : 1.66 (As of May. 14, 2024)


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What is TD Synnex Cyclically Adjusted PB Ratio?

As of today (2024-05-14), TD Synnex's current share price is €111.00. TD Synnex's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was €66.90. TD Synnex's Cyclically Adjusted PB Ratio for today is 1.66.

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

FRA:SUX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.39   Max: 2.33
Current: 1.64

During the past years, TD Synnex's highest Cyclically Adjusted PB Ratio was 2.33. The lowest was 0.68. And the median was 1.39.

FRA:SUX's Cyclically Adjusted PB Ratio is ranked better than
50.4% of 1861 companies
in the Hardware industry
Industry Median: 1.65 vs FRA:SUX: 1.64

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.

TD Synnex's adjusted book value per share data for the three months ended in Feb. 2024 was €85.690. 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 €66.90 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TD Synnex Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TD Synnex'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.

TD Synnex Cyclically Adjusted PB Ratio Chart

TD Synnex Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.28 1.50 1.76 1.52 1.34

TD Synnex Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.40 1.27 1.41 1.34 1.40

Competitive Comparison of TD Synnex's Cyclically Adjusted PB Ratio

For the Electronics & Computer Distribution subindustry, TD Synnex'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.


TD Synnex's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



TD Synnex 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.

TD Synnex's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=111.00/66.9
=1.66

* 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.

TD Synnex's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, TD Synnex's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=85.69/129.4194*129.4194
=85.690

Current CPI (Feb. 2024) = 129.4194.

TD Synnex Quarterly Data

Book Value per Share CPI Adj_Book
201405 29.736 100.373 38.341
201408 31.462 100.352 40.575
201411 34.070 99.635 44.255
201502 38.041 99.032 49.714
201505 39.559 100.333 51.027
201508 40.219 100.548 51.767
201511 42.793 100.135 55.308
201602 41.856 100.040 54.148
201605 42.164 101.355 53.839
201608 43.664 101.617 55.611
201611 46.395 101.829 58.965
201702 48.430 102.779 60.983
201705 48.431 103.256 60.703
201708 47.445 103.587 59.277
201711 49.044 104.072 60.989
201802 47.225 105.052 58.179
201805 49.772 106.148 60.684
201808 51.405 106.383 62.536
201811 59.629 106.338 72.572
201902 60.976 106.649 73.995
201905 62.501 108.048 74.863
201908 63.986 108.245 76.503
201911 67.551 108.519 80.561
202002 69.523 109.139 82.442
202005 69.144 108.175 82.723
202008 67.924 109.662 80.161
202011 71.787 109.793 84.619
202102 34.424 110.968 40.148
202105 36.239 113.576 41.294
202108 38.740 115.421 43.439
202111 72.466 117.269 79.974
202202 74.025 119.703 80.034
202205 79.284 123.323 83.203
202208 80.774 124.958 83.658
202211 83.183 125.607 85.707
202302 81.300 126.928 82.896
202305 81.774 128.314 82.478
202308 83.374 129.538 83.298
202311 85.275 129.548 85.190
202402 85.690 129.419 85.690

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.


TD Synnex  (FRA:SUX) 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.


TD Synnex Cyclically Adjusted PB Ratio Related Terms

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


TD Synnex (FRA:SUX) Business Description

Industry
Traded in Other Exchanges
Address
44201 Nobel Drive, Fremont, CA, USA, 94538
TD Synnex Corp is a global distributor and solutions aggregator for the IT ecosystem. Its edge-to-cloud portfolio is anchored in some of the technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility, and everything as a service.

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