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Applied Materials (BUE:AMAT) Cyclically Adjusted Book per Share : ARS2,688.53 (As of Apr. 2024)


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What is Applied Materials 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.

Applied Materials's adjusted book value per share for the three months ended in Apr. 2024 was ARS94,238.715. 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 ARS2,688.53 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Applied Materials's average Cyclically Adjusted Book Growth Rate was 14.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.00% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Applied Materials was 29.30% per year. The lowest was 0.50% per year. And the median was 9.70% per year.

As of today (2024-05-26), Applied Materials's current stock price is ARS54558.00. Applied Materials's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was ARS2,688.53. Applied Materials's Cyclically Adjusted PB Ratio of today is 20.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Applied Materials was 18.91. The lowest was 2.31. And the median was 6.97.


Applied Materials Cyclically Adjusted Book per Share Historical Data

The historical data trend for Applied Materials'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.

Applied Materials Cyclically Adjusted Book per Share Chart

Applied Materials Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.19 35.33 374.78 623.03 1,956.99

Applied Materials Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 967.10 1,219.51 1,956.99 2,905.68 2,688.53

Competitive Comparison of Applied Materials's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Applied Materials'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.


Applied Materials's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Applied Materials 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, Applied Materials's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book= Book Value per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=94238.715/131.7762*131.7762
=94,238.715

Current CPI (Apr. 2024) = 131.7762.

Applied Materials Quarterly Data

Book Value per Share CPI Adj_Book
201407 257.312 100.520 337.321
201410 273.189 100.176 359.367
201501 283.719 98.604 379.169
201504 301.897 99.824 398.531
201507 305.205 100.691 399.429
201510 313.449 100.346 411.625
201601 438.045 99.957 577.485
201604 442.400 100.947 577.510
201607 474.017 101.524 615.268
201610 513.659 101.988 663.686
201701 567.344 102.456 729.700
201704 588.430 103.167 751.605
201707 727.467 103.278 928.204
201710 780.112 104.070 987.800
201801 794.448 104.578 1,001.068
201804 702.384 105.708 875.596
201807 1,002.584 106.324 1,242.586
201810 1,460.986 106.695 1,804.427
201901 1,626.331 106.200 2,018.001
201904 1,895.830 107.818 2,317.093
201907 1,865.638 108.250 2,271.101
201910 2,582.075 108.577 3,133.776
202001 2,822.524 108.841 3,417.301
202004 3,173.485 108.173 3,865.924
202007 3,693.865 109.318 4,452.750
202010 4,411.743 109.861 5,291.827
202101 5,256.031 110.364 6,275.765
202104 6,022.743 112.673 7,043.878
202107 6,395.101 115.183 7,316.382
202110 6,780.472 116.696 7,656.701
202201 6,910.075 118.619 7,676.520
202204 7,395.057 121.978 7,989.071
202207 8,796.701 125.002 9,273.418
202210 10,641.577 125.734 11,152.927
202301 14,041.269 126.223 14,659.017
202304 14,877.715 127.992 15,317.576
202307 23,157.269 128.974 23,660.349
202310 34,346.638 129.810 34,866.959
202401 84,790.947 130.124 85,867.284
202404 94,238.715 131.776 94,238.715

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


Applied Materials  (BUE:AMAT) 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.

Applied Materials's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=54558.00/2688.53
=20.29

* 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 13 years, the highest Cyclically Adjusted PB Ratio of Applied Materials was 18.91. The lowest was 2.31. And the median was 6.97.


Be Aware

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


Applied Materials Cyclically Adjusted Book per Share Related Terms

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


Applied Materials (BUE:AMAT) Business Description

Industry
Address
3050 Bowers Avenue, P.O. Box 58039, Santa Clara, CA, USA, 95052-8039
Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.