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ASML Holding NV (ASML Holding NV) Cyclically Adjusted Book per Share : $31.69 (As of Mar. 2024)


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What is ASML Holding NV Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

ASML Holding NV's adjusted book value per share for the three months ended in Mar. 2024 was $37.998. 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 $31.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ASML Holding NV's average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of ASML Holding NV was 15.80% per year. The lowest was 7.30% per year. And the median was 13.90% per year.

As of today (2024-04-27), ASML Holding NV's current stock price is $918.97. ASML Holding NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $31.69. ASML Holding NV's Cyclically Adjusted PB Ratio of today is 29.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ASML Holding NV was 32.28. The lowest was 6.69. And the median was 10.90.


ASML Holding NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for ASML Holding NV's Cyclically Adjusted Book per Share 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.

ASML Holding NV Cyclically Adjusted Book per Share Chart

ASML Holding NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.28 26.40 27.63 29.62 31.93

ASML Holding NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 30.00 30.61 30.09 31.93 31.69

Competitive Comparison of ASML Holding NV's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, ASML Holding NV'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.


ASML Holding NV's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



ASML Holding NV Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, ASML Holding NV'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)
=37.998/126.4000*126.4000
=37.998

Current CPI (Mar. 2024) = 126.4000.

ASML Holding NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 22.004 99.240 28.026
201409 21.801 99.960 27.567
201412 21.397 99.050 27.305
201503 20.297 99.750 25.720
201506 20.752 100.230 26.170
201509 21.359 100.500 26.863
201512 21.351 99.730 27.061
201603 21.605 100.310 27.224
201606 21.603 100.260 27.235
201609 22.542 100.570 28.332
201612 24.094 100.710 30.240
201703 25.468 101.440 31.735
201706 26.183 101.370 32.648
201709 28.644 102.030 35.486
201712 29.839 101.970 36.988
201803 31.976 102.470 39.443
201806 29.726 103.100 36.444
201809 30.602 103.950 37.211
201812 31.450 103.970 38.235
201903 31.764 105.370 38.104
201906 30.977 105.840 36.994
201909 31.567 106.700 37.395
201912 33.328 106.800 39.444
202003 33.096 106.850 39.151
202006 34.183 107.510 40.189
202009 38.586 107.880 45.210
202012 40.498 107.850 47.464
202103 39.251 108.870 45.571
202106 35.557 109.670 40.981
202109 32.740 110.790 37.353
202112 28.461 114.010 31.554
202203 24.293 119.460 25.704
202206 20.355 119.050 21.612
202209 19.538 126.890 19.463
202212 23.654 124.940 23.930
202303 26.554 124.720 26.912
202306 29.206 125.830 29.338
202309 32.442 127.160 32.248
202312 37.288 126.400 37.288
202403 37.998 126.400 37.998

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


ASML Holding NV  (NAS:ASML) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

ASML Holding NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=918.97/31.69
=29.00

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ASML Holding NV was 32.28. The lowest was 6.69. And the median was 10.90.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


ASML Holding NV Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of ASML Holding NV's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


ASML Holding NV (ASML Holding NV) Business Description

Industry
Address
De Run 6501, Veldhoven, NB, NLD, 5504 DR
ASML is the leader in photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.