GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Intel Corp (NEOE:INTC) » Definitions » Cyclically Adjusted Book per Share

Intel (NEOE:INTC) Cyclically Adjusted Book per Share : C$12.42 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Intel 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.

Intel's adjusted book value per share for the three months ended in Mar. 2024 was C$33.697. 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 C$12.42 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Intel's average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.40% 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 Intel was 23.70% per year. The lowest was 4.20% per year. And the median was 10.20% per year.

As of today (2024-06-06), Intel's current stock price is C$18.27. Intel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$12.42. Intel's Cyclically Adjusted PB Ratio of today is 1.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Intel was 5.16. The lowest was 1.35. And the median was 3.48.


Intel Cyclically Adjusted Book per Share Historical Data

The historical data trend for Intel'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.

Intel Cyclically Adjusted Book per Share Chart

Intel 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 - - - - 12.08

Intel 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 11.57 11.80 12.00 12.08 12.42

Competitive Comparison of Intel's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Intel'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.


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

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

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



Intel 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, Intel'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)
=33.697/131.7762*131.7762
=33.697

Current CPI (Mar. 2024) = 131.7762.

Intel Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.968 100.560 16.994
201409 12.712 100.428 16.680
201412 13.569 99.070 18.049
201503 14.615 99.621 19.332
201506 15.009 100.684 19.644
201509 16.014 100.392 21.020
201512 17.728 99.792 23.410
201603 17.156 100.470 22.502
201606 16.736 101.688 21.688
201609 17.458 101.861 22.585
201612 18.676 101.863 24.160
201703 19.003 102.862 24.345
201706 19.416 103.349 24.757
201709 18.612 104.136 23.552
201712 18.803 104.011 23.822
201803 19.473 105.290 24.372
201806 19.939 106.317 24.714
201809 20.414 106.507 25.257
201812 22.184 105.998 27.579
201903 22.000 107.251 27.031
201906 22.482 108.070 27.414
201909 22.599 108.329 27.490
201912 23.791 108.420 28.916
202003 25.175 108.902 30.463
202006 26.132 108.767 31.660
202009 24.069 109.815 28.882
202012 25.554 109.897 30.642
202103 24.841 111.754 29.291
202106 25.665 114.631 29.504
202109 28.067 115.734 31.957
202112 30.000 117.630 33.608
202203 31.932 121.301 34.690
202206 31.563 125.017 33.270
202209 32.284 125.227 33.973
202212 33.305 125.222 35.048
202303 32.168 127.348 33.287
202306 32.047 128.729 32.806
202309 32.676 129.860 33.158
202312 33.505 129.419 34.115
202403 33.697 131.776 33.697

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


Intel  (NEOE:INTC) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.27/12.42
=1.47

* 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 Intel was 5.16. The lowest was 1.35. And the median was 3.48.


Be Aware

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


Intel Cyclically Adjusted Book per Share Related Terms

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


Intel (NEOE:INTC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Intel Corp (NEOE:INTC) » Definitions » Cyclically Adjusted Book per Share
Address
2200 Mission College Boulevard, Santa Clara, CA, USA, 95054-1549
Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.

Intel (NEOE:INTC) Headlines