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TD Synnex (TD Synnex) Cyclically Adjusted Book per Share : $74.34 (As of Feb. 2024)


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What is TD Synnex 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.

TD Synnex's adjusted book value per share for the three months ended in Feb. 2024 was $92.438. 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 $74.34 for the trailing ten years ended in Feb. 2024.

During the past 12 months, TD Synnex's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.50% 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 TD Synnex was 12.00% per year. The lowest was 10.70% per year. And the median was 11.10% per year.

As of today (2024-04-28), TD Synnex's current stock price is $117.44. TD Synnex's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $74.34. TD Synnex's Cyclically Adjusted PB Ratio of today is 1.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TD Synnex was 2.33. The lowest was 0.68. And the median was 1.39.


TD Synnex Cyclically Adjusted Book per Share Historical Data

The historical data trend for TD Synnex'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.

TD Synnex Cyclically Adjusted Book per Share Chart

TD Synnex Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.22 53.57 58.90 67.13 73.40

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 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 68.82 70.60 72.33 73.40 74.34

Competitive Comparison of TD Synnex's Cyclically Adjusted Book per Share

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 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, 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)
=92.438/129.4194*129.4194
=92.438

Current CPI (Feb. 2024) = 129.4194.

TD Synnex Quarterly Data

Book Value per Share CPI Adj_Book
201405 40.847 100.373 52.668
201408 41.894 100.352 54.029
201411 42.482 99.635 55.182
201502 43.179 99.032 56.428
201505 44.200 100.333 57.014
201508 44.787 100.548 57.647
201511 45.915 100.135 59.343
201602 46.404 100.040 60.032
201605 47.697 101.355 60.904
201608 48.951 101.617 62.344
201611 50.049 101.829 63.609
201702 51.576 102.779 64.945
201705 53.515 103.256 67.075
201708 56.016 103.587 69.985
201711 57.563 104.072 71.583
201802 58.303 105.052 71.827
201805 58.833 106.148 71.731
201808 59.359 106.383 72.213
201811 67.761 106.338 82.469
201902 69.212 106.649 83.989
201905 69.912 108.048 83.740
201908 71.175 108.245 85.098
201911 74.642 108.519 89.018
202002 75.816 109.139 89.904
202005 75.403 108.175 90.211
202008 80.383 109.662 94.865
202011 84.854 109.793 100.022
202102 41.625 110.968 48.546
202105 44.033 113.576 50.175
202108 45.576 115.421 51.104
202111 82.724 117.269 91.295
202202 84.024 119.703 90.844
202205 83.810 123.323 87.953
202208 81.838 124.958 84.760
202211 84.794 125.607 87.367
202302 87.045 126.928 88.754
202305 88.885 128.314 89.650
202308 90.920 129.538 90.837
202311 92.289 129.548 92.197
202402 92.438 129.419 92.438

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


TD Synnex  (NYSE:SNX) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=117.44/74.34
=1.58

* 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 TD Synnex was 2.33. The lowest was 0.68. And the median was 1.39.


Be Aware

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


TD Synnex Cyclically Adjusted Book per Share Related Terms

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


TD Synnex (TD Synnex) Business Description

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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.
Executives
Michael Urban officer: President, Worldwide Distrib. 44201 NOBEL DRIVE, FREMONT CA 94538
Dennis Polk director, officer: Chief Operating Officer 44201 NOBEL DRIVE, FREMONT CA 94538
Fred A Breidenbach director
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Peer Developments Ltd 10 percent owner 4TH FLOOR, NO. 75, SEC. 3,, MING-SHENG E. ROAD,, TAIPEI F5 00000
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Matthew Miau director 44201 NOBEL DRIVE, FREMONT CA 94538
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Kathleen M Crusco director C/O CALIX, INC., 1035 N. MCDOWELL BLVD, PETALUMA CA 94954
Marshall Witt officer: Chief Financial Officer 44201 NOBEL DRIVE, FREMONT CA 94538
Ap Ix Tiger Co-invest (ml) Gp, Llc 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
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Richard T Hume director, officer: Chief Executive Officer 5350 TECH DATA DRIVE, CLEARWATER FL 33760