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Zebra Technologies (Zebra Technologies) Cyclically Adjusted PB Ratio : 8.19 (As of Apr. 27, 2024)


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What is Zebra Technologies Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Zebra Technologies's current share price is $297.21. Zebra Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $36.29. Zebra Technologies's Cyclically Adjusted PB Ratio for today is 8.19.

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

ZBRA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.92   Med: 7.98   Max: 24.21
Current: 8.19

During the past years, Zebra Technologies's highest Cyclically Adjusted PB Ratio was 24.21. The lowest was 2.92. And the median was 7.98.

ZBRA's Cyclically Adjusted PB Ratio is ranked worse than
95.09% of 1833 companies
in the Hardware industry
Industry Median: 1.57 vs ZBRA: 8.19

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.

Zebra Technologies's adjusted book value per share data for the three months ended in Dec. 2023 was $59.090. 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 $36.29 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zebra Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zebra Technologies'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.

Zebra Technologies Cyclically Adjusted PB Ratio Chart

Zebra Technologies 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 13.04 17.53 22.15 8.07 7.53

Zebra Technologies 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 8.07 9.59 8.60 6.65 7.53

Competitive Comparison of Zebra Technologies's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Zebra Technologies'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.


Zebra Technologies's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Zebra Technologies 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.

Zebra Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=297.21/36.29
=8.19

* 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.

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

For example, Zebra Technologies'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)
=59.09/129.4194*129.4194
=59.090

Current CPI (Dec. 2023) = 129.4194.

Zebra Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201403 19.990 99.695 25.950
201406 20.651 100.560 26.578
201409 21.148 100.428 27.253
201412 20.134 99.070 26.302
201503 19.795 99.621 25.716
201506 18.273 100.684 23.488
201509 17.539 100.392 22.610
201512 17.120 99.792 22.203
201603 16.812 100.470 21.656
201606 15.746 101.688 20.040
201609 14.162 101.861 17.994
201612 14.976 101.863 19.027
201703 15.070 102.862 18.961
201706 15.392 103.349 19.275
201709 15.303 104.136 19.019
201712 15.666 104.011 19.493
201803 18.372 105.290 22.582
201806 19.984 106.317 24.327
201809 22.545 106.507 27.395
201812 24.781 105.998 30.257
201903 27.179 107.251 32.797
201906 28.813 108.070 34.505
201909 31.343 108.329 37.445
201912 34.054 108.420 40.650
202003 32.545 108.902 38.677
202006 33.813 108.767 40.233
202009 36.230 109.815 42.698
202012 40.103 109.897 47.227
202103 45.057 111.754 52.179
202106 48.480 114.631 54.734
202109 52.681 115.734 58.910
202112 55.864 117.630 61.463
202203 55.054 121.301 58.739
202206 48.369 125.017 50.072
202209 51.278 125.227 52.995
202212 53.118 125.222 54.899
202303 56.218 127.348 57.133
202306 58.286 128.729 58.599
202309 58.665 129.860 58.466
202312 59.090 129.419 59.090

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.


Zebra Technologies  (NAS:ZBRA) 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.


Zebra Technologies Cyclically Adjusted PB Ratio Related Terms

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


Zebra Technologies (Zebra Technologies) Business Description

Traded in Other Exchanges
Address
3 Overlook Point, Lincolnshire, IL, USA, 60069
Zebra Technologies is a leading provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.
Executives
Bill Burns officer: SVP, Chief Product & Solutions C/O ZEBRA TECHNOLOGIES CORPORATION, 1 ZEBRA PLAZA, HOLTSVILLE NY 11742-1300
Nathan Andrew Winters officer: Acting Chief Financial Officer C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Richard Edward Hudson officer: Chief Revenue Officer C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Frank Blaise Modruson director C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Richard L Keyser director 100 GRAINGER PARKWAY, LAKE FOREST IL 60045
Anders Gustafsson director, officer: Chief Executive Officer C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Satish Dhanasekaran director 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Armstrong Robert John Jr officer: Chief Marketing Officer C/O ZEBRA TECHNOLOGIES, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Joseph Ramsey White officer: Chief Product & Solutions C/O ZEBRA TECHNOLOGIES, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Michael Cho officer: SVP, Corporate Development C/O ZEBRA TECHNOLOGIES CORPORATION, LINCOLNSHIRE IL 60069
Tamara Dionne Froese officer: Chief Supply Chain Officer C/O ZEBRA TECHNOLOGIES, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Stephen Edgar Williams officer: SVP, Global Supply Chain C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Nelda J Connors director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Janice M Roberts director 540 COWPER STREET, SUITE 200, PALO ALTO CA 94301
Michael A Smith director C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069