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Acacia Research (Acacia Research) Cyclically Adjusted PB Ratio : 0.82 (As of May. 22, 2024)


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What is Acacia Research Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Acacia Research's current share price is $5.68. Acacia Research's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.91. Acacia Research's Cyclically Adjusted PB Ratio for today is 0.82.

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

ACTG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.59   Max: 5.81
Current: 0.82

During the past years, Acacia Research's highest Cyclically Adjusted PB Ratio was 5.81. The lowest was 0.28. And the median was 0.59.

ACTG's Cyclically Adjusted PB Ratio is ranked better than
79.68% of 2072 companies
in the Industrial Products industry
Industry Median: 1.84 vs ACTG: 0.82

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.

Acacia Research's adjusted book value per share data for the three months ended in Mar. 2024 was $5.681. 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 $6.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Acacia Research Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Acacia Research'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.

Acacia Research Cyclically Adjusted PB Ratio Chart

Acacia Research 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 0.34 0.49 0.63 0.54 0.56

Acacia Research Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.51 0.56 0.50 0.56 0.77

Competitive Comparison of Acacia Research's Cyclically Adjusted PB Ratio

For the Business Equipment & Supplies subindustry, Acacia Research'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.


Acacia Research's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Acacia Research's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Acacia Research 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.

Acacia Research's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.68/6.91
=0.82

* 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.

Acacia Research's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Acacia Research'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)
=5.681/131.7762*131.7762
=5.681

Current CPI (Mar. 2024) = 131.7762.

Acacia Research Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.317 100.560 13.520
201409 10.010 100.428 13.135
201412 9.659 99.070 12.848
201503 9.170 99.621 12.130
201506 9.049 100.684 11.843
201509 8.473 100.392 11.122
201512 6.124 99.792 8.087
201603 5.986 100.470 7.851
201606 5.217 101.688 6.761
201609 5.408 101.861 6.996
201612 5.262 101.863 6.807
201703 5.068 102.862 6.493
201706 4.816 103.349 6.141
201709 7.973 104.136 10.089
201712 5.812 104.011 7.363
201803 5.241 105.290 6.559
201806 4.705 106.317 5.832
201809 4.035 106.507 4.992
201812 3.815 105.998 4.743
201903 3.726 107.251 4.578
201906 3.586 108.070 4.373
201909 3.426 108.329 4.168
201912 3.437 108.420 4.177
202003 3.211 108.902 3.885
202006 3.302 108.767 4.001
202009 4.068 109.815 4.882
202012 5.627 109.897 6.747
202103 2.358 111.754 2.780
202106 2.724 114.631 3.131
202109 4.515 115.734 5.141
202112 8.594 117.630 9.628
202203 7.153 121.301 7.771
202206 5.985 125.017 6.309
202209 6.687 125.227 7.037
202212 5.940 125.222 6.251
202303 5.886 127.348 6.091
202306 5.521 128.729 5.652
202309 4.931 129.860 5.004
202312 5.689 129.419 5.793
202403 5.681 131.776 5.681

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.


Acacia Research  (NAS:ACTG) 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.


Acacia Research Cyclically Adjusted PB Ratio Related Terms

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


Acacia Research (Acacia Research) Business Description

Traded in Other Exchanges
Address
767 Third Avenue, 6th Floor, New York, NY, USA, 10017
Acacia Research Corp is engaged in the acquisition, development, and patents technologies through its subsidiaries. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies. It has two segments Intellectual Property Operations and Industrial Operations.
Executives
Jason W. Soncini officer: General Counsel 767 THIRD AVENUE, SUITE 602, NEW YORK NY 10017
Mcnulty Martin D. Jr. officer: COO & Head of M&A C/O STARBOARD VALUE ACQUISITION CORP., 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Geoffrey G Ribar director
Kirsten Hoover officer: Controller 4 PARK PLAZA, SUITE 550, IRVINE CA 92614
Robert Rasamny officer: Chief Administrative Officer 767 THIRD AVENUE, 6TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity Master Fund Ltd other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Peter A Feld 10 percent owner, other: See Footnote 2 201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
Starboard Value Lp 10 percent owner, other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value Gp Llc 10 percent owner, other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Lp 10 percent owner, other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Gp Llc 10 percent owner, other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity S Llc other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity C Lp other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Lp other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Gp Llc other: See Footnote 2 777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017

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