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Vishay Intertechnology (Vishay Intertechnology) Cyclically Adjusted PB Ratio : 1.60 (As of Apr. 27, 2024)


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What is Vishay Intertechnology Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Vishay Intertechnology's current share price is $22.63. Vishay Intertechnology's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $14.17. Vishay Intertechnology's Cyclically Adjusted PB Ratio for today is 1.60.

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

VSH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.42   Max: 2.17
Current: 1.56

During the past years, Vishay Intertechnology's highest Cyclically Adjusted PB Ratio was 2.17. The lowest was 0.70. And the median was 1.42.

VSH's Cyclically Adjusted PB Ratio is ranked better than
67.81% of 668 companies
in the Semiconductors industry
Industry Median: 2.38 vs VSH: 1.56

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.

Vishay Intertechnology's adjusted book value per share data for the three months ended in Dec. 2023 was $15.943. 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 $14.17 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vishay Intertechnology Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vishay Intertechnology'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.

Vishay Intertechnology Cyclically Adjusted PB Ratio Chart

Vishay Intertechnology 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 1.77 1.70 1.69 1.57 1.69

Vishay Intertechnology 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 1.57 1.62 2.08 1.74 1.69

Competitive Comparison of Vishay Intertechnology's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Vishay Intertechnology'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.


Vishay Intertechnology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Vishay Intertechnology 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.

Vishay Intertechnology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.63/14.17
=1.60

* 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.

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

For example, Vishay Intertechnology'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)
=15.943/129.4194*129.4194
=15.943

Current CPI (Dec. 2023) = 129.4194.

Vishay Intertechnology Quarterly Data

Book Value per Share CPI Adj_Book
201403 12.826 99.695 16.650
201406 12.977 100.560 16.701
201409 12.793 100.428 16.486
201412 12.379 99.070 16.171
201503 12.017 99.621 15.611
201506 12.253 100.684 15.750
201509 12.051 100.392 15.536
201512 10.993 99.792 14.257
201603 11.355 100.470 14.627
201606 11.407 101.688 14.518
201609 11.674 101.861 14.832
201612 11.332 101.863 14.398
201703 11.646 102.862 14.653
201706 12.360 103.349 15.478
201709 12.873 104.136 15.999
201712 11.683 104.011 14.537
201803 12.231 105.290 15.034
201806 10.148 106.317 12.353
201809 10.650 106.507 12.941
201812 9.600 105.998 11.721
201903 9.996 107.251 12.062
201906 10.315 108.070 12.353
201909 10.284 108.329 12.286
201912 10.283 108.420 12.275
202003 10.143 108.902 12.054
202006 10.345 108.767 12.309
202009 10.623 109.815 12.519
202012 10.897 109.897 12.833
202103 10.811 111.754 12.520
202106 11.443 114.631 12.919
202109 11.916 115.734 13.325
202112 12.042 117.630 13.249
202203 12.538 121.301 13.377
202206 12.869 125.017 13.322
202209 13.389 125.227 13.837
202212 14.111 125.222 14.584
202303 15.296 127.348 15.545
202306 15.899 128.729 15.984
202309 15.457 129.860 15.405
202312 15.943 129.419 15.943

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.


Vishay Intertechnology  (NYSE:VSH) 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.


Vishay Intertechnology Cyclically Adjusted PB Ratio Related Terms

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


Vishay Intertechnology (Vishay Intertechnology) Business Description

Traded in Other Exchanges
Address
63 Lancaster Avenue, Malvern, PA, USA, 19355-2143
Vishay Intertechnology Inc provides a broad product portfolio of discrete semiconductors and passive electronic components to original equipment manufacturers and distributors. These products are found in industrial, computing, automotive, consumer, telecommunications, power supplies, military, aerospace, and medical markets and serve customer worldwide. Its product segments consist of two general classes: semiconductors and passive components. The company's operating segment includes metal oxide semiconductor field-effect transistors, diodes, optoelectronic components, resistors, inductors, and capacitors. Revenue mainly comes from resistors, which are basic components used in all forms of electronic circuitry to adjust and regulate levels of voltage and current.
Executives
Marc Zandman director, officer: ExecChairman & Chief Bus Dev C/O VISHAY INTERTECHNOLOGY, INC., 63 LINCOLN HIGHWAY, MALVERN PA 19355
Abraham Ludomirski director SUITE 190, 7 GREAT VALLEY PARKWAY, MALVERN PA 19355
Joel Smejkal director, officer: President and CEO 63 LANCASTER AVE, MALVERN PA 19355
Roy Shoshani officer: EVP & Chief Technical Officer 63 LANCASTER AVE, MALVERN PA 19355
Peter Henrici officer: EVP - Corporate Development 63 LANCASTER AVE, MALVERN PA 19355
Lori Lipcaman officer: EVP & Chief Financial Officer C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVENUE, MALVERN PA 19355
Jeffrey Allen Webster officer: EVP & Chief Operating Officer 63 LANCASTER AVE, MALVERN PA 19355
Andreas Randebrock officer: EVP - Global Human Resources 63 LANCASTER AVE, MALVERN PA 19355
Gerald Paul director, officer: President and CEO
Raanan Zilberman director 63 LANCASTER AVE, MALVERN PA 19355
Michiko Kurahashi director 63 LANCASTER AVE, MALVERN PA 19355
Renee B Booth director C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVE, MALVERN PA 19355
Ziv Shoshani director, officer: Exec. VP and COO C/O VISHAY INTERTECHNOLOGY, INC., 63 LANCASTER AVE, MALVERN PA 19355
Ruta Zandman director
Michael J Cody director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748