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Koss (KOSS) Cyclically Adjusted PB Ratio : 1.85 (As of May. 21, 2024)


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What is Koss Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Koss's current share price is $5.29. Koss's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.86. Koss's Cyclically Adjusted PB Ratio for today is 1.85.

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

KOSS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.9   Max: 26.78
Current: 1.85

During the past years, Koss's highest Cyclically Adjusted PB Ratio was 26.78. The lowest was 0.35. And the median was 0.90.

KOSS's Cyclically Adjusted PB Ratio is ranked worse than
54.23% of 1868 companies
in the Hardware industry
Industry Median: 1.645 vs KOSS: 1.85

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.

Koss's adjusted book value per share data for the three months ended in Mar. 2024 was $3.363. 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 $2.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koss Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Koss'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.

Koss Cyclically Adjusted PB Ratio Chart

Koss Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.57 9.32 2.59 1.33

Koss 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 1.67 1.33 1.06 1.20 0.90

Competitive Comparison of Koss's Cyclically Adjusted PB Ratio

For the Consumer Electronics subindustry, Koss'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.


Koss's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Koss 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.29/2.86
=1.85

* 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.

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

For example, Koss'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)
=3.363/131.7762*131.7762
=3.363

Current CPI (Mar. 2024) = 131.7762.

Koss Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.064 100.560 2.705
201409 2.073 100.428 2.720
201412 2.117 99.070 2.816
201503 2.146 99.621 2.839
201506 2.215 100.684 2.899
201509 2.217 100.392 2.910
201512 2.287 99.792 3.020
201603 2.421 100.470 3.175
201606 2.463 101.688 3.192
201609 2.487 101.861 3.217
201612 2.518 101.863 3.257
201703 2.378 102.862 3.046
201706 2.380 103.349 3.035
201709 2.394 104.136 3.029
201712 2.007 104.011 2.543
201803 1.908 105.290 2.388
201806 1.924 106.317 2.385
201809 1.947 106.507 2.409
201812 1.978 105.998 2.459
201903 2.014 107.251 2.475
201906 2.035 108.070 2.481
201909 2.014 108.329 2.450
201912 2.003 108.420 2.434
202003 2.009 108.902 2.431
202006 2.047 108.767 2.480
202009 2.085 109.815 2.502
202012 2.174 109.897 2.607
202103 2.219 111.754 2.617
202106 2.274 114.631 2.614
202109 2.296 115.734 2.614
202112 2.373 117.630 2.658
202203 2.430 121.301 2.640
202206 2.481 125.017 2.615
202209 3.573 125.227 3.760
202212 3.455 125.222 3.636
202303 3.433 127.348 3.552
202306 3.407 128.729 3.488
202309 3.384 129.860 3.434
202312 3.393 129.419 3.455
202403 3.363 131.776 3.363

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.


Koss  (NAS:KOSS) 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.


Koss Cyclically Adjusted PB Ratio Related Terms

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


Koss (KOSS) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4129 North Port Washington Avenue, Milwaukee, WI, USA, 53212
Koss Corp is engaged in the design, manufacture, and sale of stereo headphones and related accessory products. It operates in the audio/video industry segment of the home entertainment industry. The company markets a line of headphones, wireless Bluetooth headphones, wireless Bluetooth speakers, computer headsets, telecommunications headsets, and active noise-cancelling headphones. The majority of the firm's revenue is derived from sales of stereo headphones.
Executives
William Jesse Sweasy director 401 LEVEE STREET, RED WING MN 55066
Kim M. Schulte officer: Chief Financial Officer 4129 NORTH PORT WASHINGTON AVENUE, MILWAUKEE WI 53212
David Donnan Smith officer: EVP and CFO 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Koss Michael J Jr officer: VP Marketing & Product 4129 N PORT WASHINGTON AVENUE, MILWAUKEE WI 53212
Michael J Koss officer: President and CEO C/O GENIUS PRODUCTS, INC., 740 LOMAS SANTA FE, SUITE 210, SOLANA BEACH CA 92075
Koss John C Jr officer: Vice President - Sales C/O KOSS CORPORATION, 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Thomas L. Doerr director 4129 N. PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Lenore Lillie officer: VP - Operations 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
Nancy Koss 2012 Trust, Dated 12/20/12 10 percent owner 1492 W. CALUMET CT., RIVER HILLS WI 53217
Steven A Leveen director 1030 SEA SPRAY AVENUE, DELRAY BEACH FL 33483
Theodore Nixon director 100 SOUTH SPRING STREET, LOUISVILLE KY 40206
Elizabeth A Uecker officer: Secretary 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212
John C Koss director 4129 NORTH PORT WASHINGTON AVE, MILWAUKEE WI 53212
Nancy L Koss 10 percent owner 1492 W. CALUMET CT., RIVER HILLS WI 53217
Koss Family Trust, Dated 9/11/12 10 percent owner 1492 W. CALUMET CT., RIVER HILLS WI 53217

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