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Intel (INTC) Cyclically Adjusted PB Ratio : 1.58 (As of Apr. 27, 2024)


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What is Intel Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Intel's current share price is $31.88. Intel's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $20.24. Intel's Cyclically Adjusted PB Ratio for today is 1.58.

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

INTC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 3.48   Max: 5.16
Current: 1.73

During the past years, Intel's highest Cyclically Adjusted PB Ratio was 5.16. The lowest was 1.35. And the median was 3.48.

INTC's Cyclically Adjusted PB Ratio is ranked better than
63.77% of 668 companies
in the Semiconductors industry
Industry Median: 2.38 vs INTC: 1.73

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.

Intel's adjusted book value per share data for the three months ended in Dec. 2023 was $24.974. 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 $20.24 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intel Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Intel'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.

Intel Cyclically Adjusted PB Ratio Chart

Intel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.51 3.49 3.15 1.42 2.48

Intel 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 1.42 1.70 1.70 1.77 2.48

Competitive Comparison of Intel's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Intel'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.


Intel's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Intel 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.88/20.24
=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.

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

For example, Intel'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)
=24.974/129.4194*129.4194
=24.974

Current CPI (Dec. 2023) = 129.4194.

Intel Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.673 99.695 15.153
201406 11.974 100.560 15.410
201409 11.545 100.428 14.878
201412 11.766 99.070 15.370
201503 11.582 99.621 15.046
201506 12.139 100.684 15.604
201509 12.071 100.392 15.561
201512 12.928 99.792 16.766
201603 12.972 100.470 16.710
201606 12.979 101.688 16.518
201609 13.318 101.861 16.921
201612 14.001 101.863 17.789
201703 14.195 102.862 17.860
201706 14.604 103.349 18.288
201709 15.157 104.136 18.837
201712 14.726 104.011 18.323
201803 15.057 105.290 18.508
201806 15.191 106.317 18.492
201809 15.662 106.507 19.031
201812 16.511 105.998 20.159
201903 16.453 107.251 19.854
201906 16.918 108.070 20.260
201909 17.067 108.329 20.390
201912 18.066 108.420 21.565
202003 18.034 108.902 21.432
202006 19.283 108.767 22.944
202009 18.193 109.815 21.441
202012 19.950 109.897 23.494
202103 19.764 111.754 22.888
202106 21.002 114.631 23.711
202109 22.151 115.734 24.770
202112 23.438 117.630 25.787
202203 25.223 121.301 26.911
202206 24.651 125.017 25.519
202209 24.203 125.227 25.013
202212 24.516 125.222 25.338
202303 23.510 127.348 23.892
202306 24.121 128.729 24.250
202309 24.149 129.860 24.067
202312 24.974 129.419 24.974

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.


Intel  (NAS:INTC) 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.


Intel Cyclically Adjusted PB Ratio Related Terms

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


Intel (INTC) Business Description

Industry
Address
2200 Mission College Boulevard, Santa Clara, CA, USA, 95054-1549
Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.
Executives
Lip Bu Tan director ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Patrick P Gelsinger officer: SENIOR VICE PRESIDENT VMWARE, INC., 3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Michelle Johnston Holthaus officer: EVP & GM, CCG 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
David Zinsner officer: EVP, CFO 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Omar Ishrak director 710 MEDTRONIC PKWY, MS LC300, MINNEAPOLIS MN 55432
Barbara Novick director 21 PINE COURT, NEW PROVIDENCE NJ 07974
Scott Gawel officer: CVP, Chief Accounting Officer
Boise April Miller officer: EVP and Chief Legal Officer C/O INTEL CORPORATION, 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Christoph Schell officer: EVP; Chief Cml Ofcr; GM, SMG C/O INTEL CORPORATION, 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Steven Ralph Rodgers officer: EVP General Counsel 2200 MISSION COLLEGE BLVD., ROSEVILLE CA 95054
Gregory M Bryant officer: EVP, GM, CCG 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Tsu-jae King Liu director 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Dion J Weisler director C/O HP INC., 1501 PAGE MILL RD, PALO ALTO CA 94304
Gregory D Smith director 100 N RIVERSIDE PLAZA, M/C 3005-1001, CHICAGO IL 60606-1596
James J Goetz director C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025

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