GURUFOCUS.COM » STOCK LIST » Technology » Software » F5 Inc (NAS:FFIV) » Definitions » Cyclically Adjusted PB Ratio

F5 (FFIV) Cyclically Adjusted PB Ratio : 5.54 (As of Apr. 27, 2024)


View and export this data going back to 1999. Start your Free Trial

What is F5 Cyclically Adjusted PB Ratio?

As of today (2024-04-27), F5's current share price is $181.94. F5's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $32.84. F5's Cyclically Adjusted PB Ratio for today is 5.54.

The historical rank and industry rank for F5's Cyclically Adjusted PB Ratio or its related term are showing as below:

FFIV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.34   Med: 7.92   Max: 11.43
Current: 5.54

During the past years, F5's highest Cyclically Adjusted PB Ratio was 11.43. The lowest was 4.34. And the median was 7.92.

FFIV's Cyclically Adjusted PB Ratio is ranked worse than
78.57% of 1288 companies
in the Software industry
Industry Median: 2.495 vs FFIV: 5.54

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.

F5's adjusted book value per share data for the three months ended in Dec. 2023 was $48.659. 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 $32.84 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


F5 Cyclically Adjusted PB Ratio Historical Data

The historical data trend for F5'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.

F5 Cyclically Adjusted PB Ratio Chart

F5 Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.20 5.62 7.92 4.96 4.98

F5 Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.83 4.74 4.64 4.98 5.45

Competitive Comparison of F5's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, F5'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.


F5's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, F5's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where F5's Cyclically Adjusted PB Ratio falls into.



F5 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.

F5's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=181.94/32.84
=5.54

* 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.

F5's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, F5'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)
=48.659/129.4194*129.4194
=48.659

Current CPI (Dec. 2023) = 129.4194.

F5 Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.816 99.695 24.426
201406 18.823 100.560 24.225
201409 18.658 100.428 24.044
201412 18.656 99.070 24.371
201503 18.441 99.621 23.957
201506 18.691 100.684 24.025
201509 18.773 100.392 24.201
201512 18.364 99.792 23.816
201603 17.632 100.470 22.712
201606 17.930 101.688 22.820
201609 18.147 101.861 23.057
201612 18.445 101.863 23.435
201703 18.477 102.862 23.247
201706 18.957 103.349 23.739
201709 19.641 104.136 24.410
201712 19.843 104.011 24.690
201803 20.071 105.290 24.671
201806 20.816 106.317 25.339
201809 21.348 106.507 25.941
201812 23.464 105.998 28.649
201903 24.582 107.251 29.663
201906 27.005 108.070 32.340
201909 29.180 108.329 34.861
201912 31.733 108.420 37.879
202003 32.958 108.902 39.168
202006 35.215 108.767 41.901
202009 36.535 109.815 43.057
202012 38.967 109.897 45.889
202103 33.435 111.754 38.720
202106 36.355 114.631 41.045
202109 38.914 115.734 43.515
202112 39.620 117.630 43.591
202203 39.645 121.301 42.298
202206 39.005 125.017 40.379
202209 41.246 125.227 42.627
202212 42.955 125.222 44.395
202303 45.077 127.348 45.810
202306 44.818 128.729 45.058
202309 47.296 129.860 47.136
202312 48.659 129.419 48.659

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.


F5  (NAS:FFIV) 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.


F5 Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of F5's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


F5 (FFIV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » F5 Inc (NAS:FFIV) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
Address
801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, has about 6,500 employees, and generates about 55% its revenue within the Americas, 25% in EMEA, and 20% in APAC/Japan.
Executives
Francis J. Pelzer officer: EVP, Chief Financial Officer CONCUR TECHNOLOGIES, INC., 18400 NE UNION HILL RD., REDMOND WA 98052
Scot Frazier Rogers officer: Interim General Counsel C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Chad Michael Whalen officer: EVP, Worldwide Sales C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Alan Higginson director
Francois Locoh-donou director, officer: President, CEO & Director C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. W., SEATTLE WA 98119
Thomas Dean Fountain officer: EVP and Chief Strategy Officer C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Tami A. Erwin director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Ana Maria White officer: EVP and Chief HR Officer C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Michael L Dreyer director C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Mika Yamamoto officer: EVP, Chief Marketing Officer 21300 VICTORY BLVD.,, 12TH FLOOR, WOODLAND HILLS CA 91367
Geng Lin officer: EVP, Chief Technology Officer C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Marianne Budnik director C/O ACME PACKET, INC., 100 CROSBY DRIVE, BEDFORD MA 01730
Phillips James Malcolm Jr director C/O F5, INC., 801 FIFTH AVE., SEATTLE WA 98104
Michael F Montoya director C/O F5 NETWORKS, INC., 801 FIFTH AVE., SEATTLE WA 98104
Deborah L Bevier director PO BOX 91258, BELLEVUE WA 98009

F5 (FFIV) Headlines

From GuruFocus

Q2 2023 F5 Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2023 F5 Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2023 F5 Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2021 F5 Networks Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2022 F5 Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2023 F5 Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2022 F5 Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024