GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Agilent Technologies Inc (FRA:AG8) » Definitions » Cyclically Adjusted PB Ratio

Agilent Technologies (FRA:AG8) Cyclically Adjusted PB Ratio : 8.06 (As of May. 22, 2024)


View and export this data going back to 1999. Start your Free Trial

What is Agilent Technologies Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Agilent Technologies's current share price is €141.70. Agilent Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €17.57. Agilent Technologies's Cyclically Adjusted PB Ratio for today is 8.06.

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

FRA:AG8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.91   Med: 5.2   Max: 10.99
Current: 8.34

During the past years, Agilent Technologies's highest Cyclically Adjusted PB Ratio was 10.99. The lowest was 2.91. And the median was 5.20.

FRA:AG8's Cyclically Adjusted PB Ratio is ranked worse than
90.23% of 133 companies
in the Medical Diagnostics & Research industry
Industry Median: 1.98 vs FRA:AG8: 8.34

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.

Agilent Technologies's adjusted book value per share data for the three months ended in Jan. 2024 was €19.385. 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 €17.57 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Agilent Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Agilent 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.

Agilent Technologies Cyclically Adjusted PB Ratio Chart

Agilent Technologies Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.20 6.65 9.49 7.74 5.62

Agilent Technologies Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 8.49 7.46 6.66 5.62 7.06

Competitive Comparison of Agilent Technologies's Cyclically Adjusted PB Ratio

For the Diagnostics & Research subindustry, Agilent 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.


Agilent Technologies's Cyclically Adjusted PB Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Agilent Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Agilent 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=141.70/17.57
=8.06

* 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.

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

For example, Agilent Technologies's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=19.385/130.1244*130.1244
=19.385

Current CPI (Jan. 2024) = 130.1244.

Agilent Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201404 12.222 100.023 15.900
201407 12.490 100.520 16.168
201410 12.485 100.176 16.218
201501 10.863 98.604 14.336
201504 11.531 99.824 15.031
201507 11.234 100.691 14.518
201510 11.183 100.346 14.502
201601 11.358 99.957 14.786
201604 11.264 100.947 14.520
201607 12.131 101.524 15.549
201610 11.891 101.988 15.171
201701 12.544 102.456 15.931
201704 12.707 103.167 16.027
201707 12.407 103.278 15.632
201710 12.768 104.070 15.965
201801 11.481 104.578 14.286
201804 11.676 105.708 14.373
201807 12.247 106.324 14.988
201810 12.495 106.695 15.239
201901 13.873 106.200 16.998
201904 14.389 107.818 17.366
201907 13.659 108.250 16.419
201910 13.891 108.577 16.648
202001 14.090 108.841 16.845
202004 14.242 108.173 17.132
202007 14.024 109.318 16.693
202010 13.536 109.861 16.033
202101 12.931 110.364 15.246
202104 13.271 112.673 15.326
202107 13.810 115.183 15.601
202110 15.382 116.696 17.152
202201 15.187 118.619 16.660
202204 15.863 121.978 16.922
202207 16.907 125.002 17.600
202210 18.253 125.734 18.890
202301 17.585 126.223 18.129
202304 17.872 127.992 18.170
202307 17.163 128.974 17.316
202310 18.948 129.810 18.994
202401 19.385 130.124 19.385

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.


Agilent Technologies  (FRA:AG8) 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.


Agilent Technologies Cyclically Adjusted PB Ratio Related Terms

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


Agilent Technologies (FRA:AG8) Business Description

Traded in Other Exchanges
Address
5301 Stevens Creek Boulevard, Santa Clara, CA, USA, 95051
Originally spun out of Hewlett-Packard in 1999, Agilent has evolved into a leading life sciences and diagnostics firm. Today, Agilent's measurement technologies serve a broad base of customers with its three operating segments: life science and applied tools, cross lab (consisting of consumables and services related to life science and applied tools), and diagnostics and genomics. Over half of its sales are generated from the biopharmaceutical, chemical, and advanced materials end markets, but it also supports clinical lab, environmental, forensics, food, academic, and government-related organizations. The company is geographically diverse, with operations in the U.S. and China representing the largest country concentrations.

Agilent Technologies (FRA:AG8) Headlines

No Headlines