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PDF Solutions (PDF Solutions) Cyclically Adjusted PB Ratio : 4.81 (As of Jun. 09, 2024)


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What is PDF Solutions Cyclically Adjusted PB Ratio?

As of today (2024-06-09), PDF Solutions's current share price is $34.17. PDF Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $7.10. PDF Solutions's Cyclically Adjusted PB Ratio for today is 4.81.

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

PDFS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.86   Med: 3.9   Max: 6.65
Current: 4.81

During the past years, PDF Solutions's highest Cyclically Adjusted PB Ratio was 6.65. The lowest was 1.86. And the median was 3.90.

PDFS's Cyclically Adjusted PB Ratio is ranked worse than
74.23% of 1420 companies
in the Software industry
Industry Median: 2.54 vs PDFS: 4.81

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.

PDF Solutions's adjusted book value per share data for the three months ended in Mar. 2024 was $5.871. 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 $7.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PDF Solutions Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PDF Solutions'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.

PDF Solutions Cyclically Adjusted PB Ratio Chart

PDF Solutions 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 3.49 4.05 5.22 4.26 4.61

PDF Solutions 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 6.20 6.51 4.63 4.61 4.74

Competitive Comparison of PDF Solutions's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, PDF Solutions'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.


PDF Solutions's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



PDF Solutions 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.

PDF Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.17/7.1
=4.81

* 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.

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

For example, PDF Solutions'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)
=5.871/131.7762*131.7762
=5.871

Current CPI (Mar. 2024) = 131.7762.

PDF Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.866 100.560 6.377
201409 4.984 100.428 6.540
201412 5.201 99.070 6.918
201503 5.446 99.621 7.204
201506 5.527 100.684 7.234
201509 5.584 100.392 7.330
201512 5.603 99.792 7.399
201603 5.784 100.470 7.586
201606 5.836 101.688 7.563
201609 6.002 101.861 7.765
201612 6.239 101.863 8.071
201703 6.327 102.862 8.105
201706 6.284 103.349 8.012
201709 6.220 104.136 7.871
201712 6.177 104.011 7.826
201803 6.321 105.290 7.911
201806 6.245 106.317 7.740
201809 6.228 106.507 7.706
201812 6.170 105.998 7.671
201903 6.101 107.251 7.496
201906 6.035 108.070 7.359
201909 6.027 108.329 7.331
201912 6.035 108.420 7.335
202003 6.052 108.902 7.323
202006 5.994 108.767 7.262
202009 7.229 109.815 8.675
202012 6.364 109.897 7.631
202103 6.100 111.754 7.193
202106 6.016 114.631 6.916
202109 5.995 115.734 6.826
202112 5.870 117.630 6.576
202203 5.681 121.301 6.172
202206 5.352 125.017 5.641
202209 5.449 125.227 5.734
202212 5.611 125.222 5.905
202303 5.641 127.348 5.837
202306 5.918 128.729 6.058
202309 5.793 129.860 5.879
202312 5.979 129.419 6.088
202403 5.871 131.776 5.871

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.


PDF Solutions  (NAS:PDFS) 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.


PDF Solutions Cyclically Adjusted PB Ratio Related Terms

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


PDF Solutions (PDF Solutions) Business Description

Industry
Traded in Other Exchanges
Address
2858 De La Cruz Boulevard, Santa Clara, CA, USA, 95050
PDF Solutions Inc offers products and services designed to empower engineers and data scientists across the semiconductor ecosystem to improve the yield, quality, and profitability of their products. The solutions combine proprietary software, physical intellectual property (or IP) for integrated circuit (or IC) designs, electrical measurement hardware tools, proven methodologies, and professional services. The company's products and services are sold to integrated device manufacturers (or IDMs), fabless semiconductor companies, foundries, outsourced semiconductor assembly and test (or OSATs), and system houses.
Executives
Michael B Gustafson director 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Nancy Erba director C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Shuo Zhang director PDF SOLUTIONS, INC., 2858 DE LA CRUZ BOULEVARD, SANTA CLARA CA 95050
Andrzej Strojwas officer: CTO 2858 DE LA CRUZ BLVD., SANTA CLARA CA 95050
Adnan Raza officer: EVP, Finance and CFO PDF SOLUTIONS, 2858 DE LA CRUZ BOULEVARD, SANTA CLARA CA 95050
Joseph R Bronson director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Ye Jane Li director 200 FLYNN ROAD, CAMARILLO CA 93012-8790
Kimon Michaels director, officer: EVP of Products and Solutions 333 WEST SAN CARLOS STREET, SUITE 700, SAN JOSE CA 95110
Marco Iansiti director 92 HAVEN ST., DOVER MA 02038
Gerald Zheyao Yin director 2-10 WEIFANG XI ROAD, PUDONG NEW DISTRICT, SHANGHAI F4 200122
Russell Christine officer: VP, Finance and CFO 17165 PINE STREET, LOS GATOS CA 95032
Lucio Lanza director 141 CASPIAN COURT, SUNNYVALE CA 94089
Kwangh Kim officer: VP of Business Development 333 WEST SAN CARLOS STREET, SUITE 1000, SAN JOSE CA 95110
Gregory C Walker officer: CFO, VP Finance 2 RESULTS WAY, CUPERTINO CA 95014
Hartgring Cornelis officer: VP- Client Services & Sales 333 WEST SAN CARLOS STREET, SUITE 700, SAN JOSE CA 95110