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CPS Technologies (CPS Technologies) Cyclically Adjusted PB Ratio : 1.96 (As of May. 26, 2024)


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What is CPS Technologies Cyclically Adjusted PB Ratio?

As of today (2024-05-26), CPS Technologies's current share price is $1.78. CPS Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.91. CPS Technologies's Cyclically Adjusted PB Ratio for today is 1.96.

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

CPSH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.28   Med: 3.21   Max: 36.59
Current: 1.96

During the past years, CPS Technologies's highest Cyclically Adjusted PB Ratio was 36.59. The lowest was 1.28. And the median was 3.21.

CPSH's Cyclically Adjusted PB Ratio is ranked worse than
55.64% of 1871 companies
in the Hardware industry
Industry Median: 1.66 vs CPSH: 1.96

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.

CPS Technologies's adjusted book value per share data for the three months ended in Mar. 2024 was $1.194. 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 $0.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CPS Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CPS Technologies'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.

CPS Technologies Cyclically Adjusted PB Ratio Chart

CPS Technologies 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 1.39 3.93 5.06 3.27 2.66

CPS Technologies 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 3.37 3.24 3.16 2.66 2.04

Competitive Comparison of CPS Technologies's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, CPS Technologies'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.


CPS Technologies's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



CPS Technologies 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.

CPS Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.78/0.91
=1.96

* 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.

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

For example, CPS Technologies'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)
=1.194/131.7762*131.7762
=1.194

Current CPI (Mar. 2024) = 131.7762.

CPS Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.706 100.560 0.925
201409 0.727 100.428 0.954
201412 0.779 99.070 1.036
201503 0.791 99.621 1.046
201506 0.805 100.684 1.054
201509 0.812 100.392 1.066
201512 0.834 99.792 1.101
201603 0.855 100.470 1.121
201606 0.838 101.688 1.086
201609 0.830 101.861 1.074
201612 0.814 101.863 1.053
201703 0.774 102.862 0.992
201706 0.752 103.349 0.959
201709 0.756 104.136 0.957
201712 0.706 104.011 0.894
201803 0.668 105.290 0.836
201806 0.651 106.317 0.807
201809 0.652 106.507 0.807
201812 0.442 105.998 0.549
201903 0.390 107.251 0.479
201906 0.411 108.070 0.501
201909 0.376 108.329 0.457
201912 0.404 108.420 0.491
202003 0.454 108.902 0.549
202006 0.478 108.767 0.579
202009 0.494 109.815 0.593
202012 0.478 109.897 0.573
202103 0.465 111.754 0.548
202106 0.692 114.631 0.795
202109 0.902 115.734 1.027
202112 0.917 117.630 1.027
202203 0.960 121.301 1.043
202206 0.994 125.017 1.048
202209 1.063 125.227 1.119
202212 1.087 125.222 1.144
202303 1.128 127.348 1.167
202306 1.168 128.729 1.196
202309 1.181 129.860 1.198
202312 1.193 129.419 1.215
202403 1.194 131.776 1.194

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.


CPS Technologies  (NAS:CPSH) 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.


CPS Technologies Cyclically Adjusted PB Ratio Related Terms

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


CPS Technologies (CPS Technologies) Business Description

Industry
Traded in Other Exchanges
N/A
Address
111 South Worcester Street, Norton, MA, USA, 02766-2102
CPS Technologies Corp provides material solutions to the transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas end markets. Its primary material solution is metal matrix composites (MMCs), which are a class of materials consisting of a combination of metal and ceramic. The company designs, manufactures and sells custom MMC components, which manages the performance and reliability of systems in the end markets. It also provides baseplates and housings used in radar, satellite and avionics applications. The company provides lids and heat spreaders used with integrated circuits in Internet switches and routers.
Executives
Brian T Mackey officer: CEO 792 WEST STREET, C108, MANSFIELD MA 02048
Ralph M Norwood officer: Chief Financial Officer 111 SOUTH WORCESTER STREET, NORTON MA 02766
Peregrine Financial Corp 10 percent owner 222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Peregrine Trust Company, Llc 10 percent owner 222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Peregrine Holdings Llc 10 percent owner 222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Phoenix Venture Partners, Inc. 10 percent owner 222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Ard Master Lp 10 percent owner
Grant C Bennett director, 10 percent owner, officer: President & CEO
Griffith Charles Kellogg Jr officer: Chief Financial Officer 111 SOUTH WORCESTER STREET, NORTON MA 02766
Daniel C Snow director 5 LODGE RD., BELMONT MA 02478
Thomas M Culligan director 3000 TAFT STREET, HOLLYWOOD FL 33021
Michael E Mccormack officer: Chief Operating Officer 111 SOUTH WORCESTER STREET, NORTON MA 02766
Thomas E Breen officer: SVP, Sales & Marketing 111 SOUTH WORCESTER STREET, NORTON MA 02766
Richard W Adams officer: Senior Vice-President & CTO 111 S. WORCESTER ST., NORTON MA 02766
Charles Darosa officer: Vice-President, Operations 111 S. WORCESTER STREET, NORTON MA 02766

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