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Radware (Radware) Cyclically Adjusted PB Ratio : 2.23 (As of May. 24, 2024)


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What is Radware Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Radware's current share price is $20.14. Radware's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.03. Radware's Cyclically Adjusted PB Ratio for today is 2.23.

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

RDWR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.66   Med: 3.24   Max: 5.08
Current: 2.24

During the past years, Radware's highest Cyclically Adjusted PB Ratio was 5.08. The lowest was 1.66. And the median was 3.24.

RDWR's Cyclically Adjusted PB Ratio is ranked better than
54.89% of 1350 companies
in the Software industry
Industry Median: 2.61 vs RDWR: 2.24

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.

Radware's adjusted book value per share data for the three months ended in Mar. 2024 was $6.929. 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 $9.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Radware Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Radware'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.

Radware Cyclically Adjusted PB Ratio Chart

Radware 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 3.67 3.73 5.08 2.26 1.87

Radware 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 2.42 2.17 1.88 1.87 2.07

Competitive Comparison of Radware's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Radware'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.


Radware's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Radware 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.

Radware's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.14/9.03
=2.23

* 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.

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

For example, Radware'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)
=6.929/131.7762*131.7762
=6.929

Current CPI (Mar. 2024) = 131.7762.

Radware Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.758 100.560 8.856
201409 6.707 100.428 8.801
201412 7.111 99.070 9.459
201503 7.054 99.621 9.331
201506 7.453 100.684 9.755
201509 7.106 100.392 9.327
201512 7.127 99.792 9.411
201603 7.067 100.470 9.269
201606 6.984 101.688 9.050
201609 7.147 101.861 9.246
201612 6.941 101.863 8.979
201703 6.947 102.862 8.900
201706 6.963 103.349 8.878
201709 6.864 104.136 8.686
201712 7.145 104.011 9.052
201803 7.401 105.290 9.263
201806 7.681 106.317 9.520
201809 7.661 106.507 9.479
201812 7.853 105.998 9.763
201903 8.097 107.251 9.949
201906 8.117 108.070 9.898
201909 8.232 108.329 10.014
201912 8.413 108.420 10.225
202003 8.279 108.902 10.018
202006 8.386 108.767 10.160
202009 8.310 109.815 9.972
202012 8.374 109.897 10.041
202103 8.085 111.754 9.534
202106 8.228 114.631 9.459
202109 8.383 115.734 9.545
202112 8.066 117.630 9.036
202203 7.795 121.301 8.468
202206 7.594 125.017 8.005
202209 7.644 125.227 8.044
202212 7.497 125.222 7.889
202303 7.408 127.348 7.666
202306 7.285 128.729 7.457
202309 6.812 129.860 6.913
202312 6.813 129.419 6.937
202403 6.929 131.776 6.929

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.


Radware  (NAS:RDWR) 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.


Radware Cyclically Adjusted PB Ratio Related Terms

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


Radware (Radware) Business Description

Industry
Traded in Other Exchanges
N/A
Address
22 Raoul Wallenberg Street, Tel Aviv, ISR, 6971917
Radware Ltd develops and sells a broad portfolio of network products including physical and virtual application delivery controllers, web application firewalls, intrusion prevention systems, and other security products geared toward large enterprise and service provider segments. It offers an infrastructure that supports our DDoS scrubbing center services, WAF and bot management cloud-based services. In addition, It provides other services through the cloud, such as Cloud Workload Protect and Content Delivery Network.