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Qorvo (BSP:Q1RV34) Cyclically Adjusted Book per Share : R$104.87 (As of Mar. 2024)


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What is Qorvo 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.

Qorvo's adjusted book value per share for the three months ended in Mar. 2024 was R$92.434. 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 R$104.87 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-12), Qorvo's current stock price is R$252.25. Qorvo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$104.87. Qorvo's Cyclically Adjusted PB Ratio of today is 2.41.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Qorvo was 2.85. The lowest was 2.05. And the median was 2.43.


Qorvo Cyclically Adjusted Book per Share Historical Data

The historical data trend for Qorvo'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.

Qorvo Cyclically Adjusted Book per Share Chart

Qorvo Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 104.87

Qorvo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 100.27 102.99 102.43 104.87

Competitive Comparison of Qorvo's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Qorvo'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.


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

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

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



Qorvo 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, Qorvo's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=92.434/131.7762*131.7762
=92.434

Current CPI (Mar. 2024) = 131.7762.

Qorvo Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.001 100.560 0.001
201409 0.001 100.428 0.001
201412 7.968 99.070 10.599
201503 65.049 99.621 86.045
201506 64.326 100.684 84.191
201509 79.075 100.392 103.796
201512 77.786 99.792 102.717
201603 72.570 100.470 95.182
201606 67.409 101.688 87.354
201609 63.739 101.861 82.458
201612 64.556 101.863 83.514
201703 60.549 102.862 77.569
201706 63.624 103.349 81.124
201709 60.421 104.136 76.458
201712 62.802 104.011 79.567
201803 61.981 105.290 77.573
201806 70.229 106.317 87.047
201809 76.100 106.507 94.155
201812 72.258 105.998 89.831
201903 70.317 107.251 86.397
201906 70.897 108.070 86.449
201909 75.549 108.329 91.901
201912 76.945 108.420 93.521
202003 91.493 108.902 110.711
202006 98.711 108.767 119.593
202009 104.279 109.815 125.133
202012 102.252 109.897 122.609
202103 115.885 111.754 136.647
202106 105.091 114.631 120.809
202109 112.971 115.734 128.630
202112 121.437 117.630 136.042
202203 106.576 121.301 115.780
202206 105.033 125.017 110.712
202209 111.030 125.227 116.837
202212 109.201 125.222 114.917
202303 103.032 127.348 106.615
202306 94.359 128.729 96.593
202309 96.671 129.860 98.098
202312 92.197 129.419 93.876
202403 92.434 131.776 92.434

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


Qorvo  (BSP:Q1RV34) 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.

Qorvo's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=252.25/104.87
=2.41

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Qorvo was 2.85. The lowest was 2.05. And the median was 2.43.


Be Aware

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


Qorvo Cyclically Adjusted Book per Share Related Terms

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


Qorvo (BSP:Q1RV34) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Qorvo Inc (BSP:Q1RV34) » Definitions » Cyclically Adjusted Book per Share
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Address
7628 Thorndike Road, Greensboro, NC, USA, 27409-9421
Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

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