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Power Integrations (FRA:PWI) Cyclically Adjusted Book per Share : €11.46 (As of Mar. 2024)


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What is Power Integrations 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.

Power Integrations's adjusted book value per share for the three months ended in Mar. 2024 was €11.965. 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 €11.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Power Integrations's average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.60% 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 Power Integrations was 14.80% per year. The lowest was 6.80% per year. And the median was 10.00% per year.

As of today (2024-06-01), Power Integrations's current stock price is €69.50. Power Integrations's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.46. Power Integrations's Cyclically Adjusted PB Ratio of today is 6.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Power Integrations was 11.35. The lowest was 3.09. And the median was 5.27.


Power Integrations Cyclically Adjusted Book per Share Historical Data

The historical data trend for Power Integrations'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.

Power Integrations Cyclically Adjusted Book per Share Chart

Power Integrations Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.34 7.01 9.08 10.72 11.25

Power Integrations 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 10.59 10.88 11.58 11.25 11.46

Competitive Comparison of Power Integrations's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Power Integrations'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.


Power Integrations's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Power Integrations 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, Power Integrations'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)
=11.965/131.7762*131.7762
=11.965

Current CPI (Mar. 2024) = 131.7762.

Power Integrations Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.534 100.560 7.252
201409 5.935 100.428 7.788
201412 5.979 99.070 7.953
201503 6.930 99.621 9.167
201506 6.546 100.684 8.567
201509 6.443 100.392 8.457
201512 6.866 99.792 9.067
201603 6.809 100.470 8.931
201606 6.901 101.688 8.943
201609 7.171 101.861 9.277
201612 8.153 101.863 10.547
201703 8.385 102.862 10.742
201706 8.180 103.349 10.430
201709 7.937 104.136 10.044
201712 7.770 104.011 9.844
201803 7.293 105.290 9.128
201806 7.595 106.317 9.414
201809 7.760 106.507 9.601
201812 8.019 105.998 9.969
201903 8.076 107.251 9.923
201906 8.205 108.070 10.005
201909 8.724 108.329 10.612
201912 11.078 108.420 13.464
202003 11.336 108.902 13.717
202006 11.287 108.767 13.675
202009 11.061 109.815 13.273
202012 11.119 109.897 13.333
202103 11.882 111.754 14.011
202106 11.971 114.631 13.761
202109 12.798 115.734 14.572
202112 13.472 117.630 15.092
202203 12.676 121.301 13.771
202206 11.760 125.017 12.396
202209 13.249 125.227 13.942
202212 12.516 125.222 13.171
202303 12.446 127.348 12.879
202306 12.359 128.729 12.652
202309 12.818 129.860 13.007
202312 12.158 129.419 12.379
202403 11.965 131.776 11.965

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


Power Integrations  (FRA:PWI) 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.

Power Integrations's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=69.50/11.46
=6.06

* 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 Power Integrations was 11.35. The lowest was 3.09. And the median was 5.27.


Be Aware

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


Power Integrations Cyclically Adjusted Book per Share Related Terms

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


Power Integrations (FRA:PWI) Business Description

Industry
Traded in Other Exchanges
Address
5245 Hellyer Avenue, San Jose, CA, USA, 95138-1002
Power Integrations Inc design, develop and market analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. Products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use. Products are used in electronic products including mobile phones, computing and networking equipment, appliances, electronic utility meters, battery-powered tools, industrial controls, and home-automation, or internet of things applications such as networked thermostats, power strips and security devices. Geographically, revenue is generated in China and Hong Kong.

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