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ULVAC (ULVAF) Cyclically Adjusted PB Ratio : 3.34 (As of Jun. 08, 2024)


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What is ULVAC Cyclically Adjusted PB Ratio?

As of today (2024-06-08), ULVAC's current share price is $26.90. ULVAC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $8.05. ULVAC's Cyclically Adjusted PB Ratio for today is 3.34.

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

ULVAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 2.34   Max: 5.18
Current: 3.83

During the past years, ULVAC's highest Cyclically Adjusted PB Ratio was 5.18. The lowest was 1.18. And the median was 2.34.

ULVAF's Cyclically Adjusted PB Ratio is ranked worse than
75.75% of 2173 companies
in the Industrial Products industry
Industry Median: 1.89 vs ULVAF: 3.83

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.

ULVAC's adjusted book value per share data for the three months ended in Mar. 2024 was $28.304. 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 $8.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ULVAC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ULVAC'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.

ULVAC Cyclically Adjusted PB Ratio Chart

ULVAC 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 1.86 1.59 2.73 1.98 2.28

ULVAC 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 2.22 2.28 1.95 2.37 3.34

Competitive Comparison of ULVAC's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, ULVAC'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.


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

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

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



ULVAC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.90/8.05
=3.34

* 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.

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

For example, ULVAC'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)
=28.304/107.2000*107.2000
=28.304

Current CPI (Mar. 2024) = 107.2000.

ULVAC Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.379 98.000 14.635
201409 13.840 98.500 15.062
201412 12.448 97.900 13.630
201503 12.687 97.900 13.892
201506 13.000 98.400 14.163
201509 11.408 98.500 12.416
201512 11.987 98.100 13.099
201603 13.261 97.900 14.521
201606 14.023 98.100 15.324
201609 15.229 98.000 16.659
201612 14.886 98.400 16.217
201703 16.566 98.100 18.103
201706 18.058 98.500 19.653
201709 18.909 98.800 20.517
201712 22.385 99.400 24.142
201803 25.634 99.200 27.701
201806 27.204 99.200 29.398
201809 26.221 99.900 28.137
201812 26.124 99.700 28.089
201903 27.526 99.700 29.597
201906 28.338 99.800 30.439
201909 28.223 100.100 30.225
201912 28.651 100.500 30.561
202003 29.169 100.300 31.176
202006 29.116 99.900 31.244
202009 28.897 99.900 31.009
202012 30.472 99.300 32.896
202103 30.216 99.900 32.424
202106 30.778 99.500 33.160
202109 30.181 100.100 32.322
202112 30.646 100.100 32.820
202203 30.828 101.100 32.688
202206 28.644 101.800 30.163
202209 26.461 103.100 27.513
202212 28.644 104.100 29.497
202303 29.306 104.400 30.092
202306 28.472 105.200 29.013
202309 26.787 106.200 27.039
202312 28.163 106.800 28.268
202403 28.304 107.200 28.304

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.


ULVAC  (OTCPK:ULVAF) 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.


ULVAC Cyclically Adjusted PB Ratio Related Terms

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


ULVAC (ULVAF) Business Description

Traded in Other Exchanges
Address
2500 Hagisono, Kanagawa, Chigasaki, JPN, 253-8543
ULVAC Inc is a Japanese company providing solutions which incorporate equipment, materials, analysis, and services for flat panel displays, electronic components, semiconductors, and general-industry equipment. The company has two reportable segments namely Vacuum Equipment business and Vacuum Application business. Vacuum equipment business is engaged in manufacturing products such as photovoltaic-cells production equipment, sputtering equipment for semiconductor production, vacuum evaporation roll coaters, vacuum pumps and measuring equipment. Vacuum application business is engaged in making products such as sputtering target materials, control system equipment and analyzing equipment. Most of the company's revenue comes from Japan.

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