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Ferrotec Holdings (Ferrotec Holdings) Cyclically Adjusted PB Ratio : 1.02 (As of Jun. 07, 2024)


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What is Ferrotec Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Ferrotec Holdings's current share price is $17.77. Ferrotec Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $17.41. Ferrotec Holdings's Cyclically Adjusted PB Ratio for today is 1.02.

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

FRRZF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.48   Max: 3.34
Current: 1.33

During the past years, Ferrotec Holdings's highest Cyclically Adjusted PB Ratio was 3.34. The lowest was 0.40. And the median was 1.48.

FRRZF's Cyclically Adjusted PB Ratio is ranked better than
73.11% of 688 companies
in the Semiconductors industry
Industry Median: 2.57 vs FRRZF: 1.33

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.

Ferrotec Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was $30.956. 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 $17.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferrotec Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ferrotec Holdings'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.

Ferrotec Holdings Cyclically Adjusted PB Ratio Chart

Ferrotec Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 1.75 1.93 1.90 -

Ferrotec Holdings 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 1.90 1.98 1.48 1.32 -

Competitive Comparison of Ferrotec Holdings's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Ferrotec Holdings'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.


Ferrotec Holdings's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Ferrotec Holdings 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.

Ferrotec Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.77/17.41
=1.02

* 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.

Ferrotec Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Ferrotec Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=30.956/106.8000*106.8000
=30.956

Current CPI (Dec. 2023) = 106.8000.

Ferrotec Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.889 95.700 13.268
201406 11.426 98.000 12.452
201409 10.801 98.500 11.711
201412 10.608 97.900 11.572
201503 10.475 97.900 11.427
201506 10.228 98.400 11.101
201509 10.891 98.500 11.809
201512 10.457 98.100 11.384
201603 11.125 97.900 12.136
201606 11.390 98.100 12.400
201609 10.774 98.000 11.741
201612 9.545 98.400 10.360
201703 11.269 98.100 12.268
201706 11.397 98.500 12.357
201709 12.052 98.800 13.028
201712 12.305 99.400 13.221
201803 13.075 99.200 14.077
201806 12.317 99.200 13.261
201809 12.426 99.900 13.284
201812 12.410 99.700 13.294
201903 12.039 99.700 12.896
201906 12.882 99.800 13.786
201909 12.201 100.100 13.018
201912 11.494 100.500 12.215
202003 12.129 100.300 12.915
202006 11.454 99.900 12.245
202009 13.372 99.900 14.296
202012 16.104 99.300 17.320
202103 16.607 99.900 17.754
202106 20.797 99.500 22.323
202109 22.905 100.100 24.438
202112 24.070 100.100 25.681
202203 24.810 101.100 26.209
202206 25.341 101.800 26.586
202209 26.126 103.100 27.064
202212 30.277 104.100 31.062
202303 29.303 104.400 29.977
202306 28.491 105.200 28.924
202309 28.787 106.200 28.950
202312 30.956 106.800 30.956

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.


Ferrotec Holdings  (OTCPK:FRRZF) 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.


Ferrotec Holdings Cyclically Adjusted PB Ratio Related Terms

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


Ferrotec Holdings (Ferrotec Holdings) Business Description

Traded in Other Exchanges
Address
2-3-4 Nihonbashi, Chuo-ku, Nihonbashi Plaza Building, Tokyo, JPN, 103-0027
Ferrotec Holdings Corp is a manufacturer of semiconductor equipment related products. The company operates through four business segments. Its Electronic device segment manufactures thermo-electric modules, ferrofluid, and power semiconductor substrate. The Equipment-related segment is engaged in the production and sale of vacuum seal, quartz products, ceramics and silicon products, silicon parts, and wafer products. Its Photovoltaic segment is involved in the formation of silicon crystal equipment, quartz crucible, and silicon for the solar cell. The company's Other segment comprises of laundry and other related industrial equipment.