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Frequency Electronics (STU:98K) Cyclically Adjusted PB Ratio : 0.98 (As of Jun. 06, 2024)


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What is Frequency Electronics Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Frequency Electronics's current share price is €8.20. Frequency Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €8.39. Frequency Electronics's Cyclically Adjusted PB Ratio for today is 0.98.

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

STU:98K' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.03   Max: 1.57
Current: 1.01

During the past years, Frequency Electronics's highest Cyclically Adjusted PB Ratio was 1.57. The lowest was 0.49. And the median was 1.03.

STU:98K's Cyclically Adjusted PB Ratio is ranked better than
69.45% of 1895 companies
in the Hardware industry
Industry Median: 1.68 vs STU:98K: 1.01

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.

Frequency Electronics's adjusted book value per share data for the three months ended in Jan. 2024 was €3.549. 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 €8.39 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Frequency Electronics Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Frequency Electronics'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.

Frequency Electronics Cyclically Adjusted PB Ratio Chart

Frequency Electronics Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 1.02 1.09 0.80 0.67

Frequency Electronics 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 0.61 0.67 0.72 0.79 1.11

Competitive Comparison of Frequency Electronics's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Frequency Electronics'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.


Frequency Electronics's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Frequency Electronics 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.

Frequency Electronics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.20/8.39
=0.98

* 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.

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

For example, Frequency Electronics'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)
=3.549/130.1244*130.1244
=3.549

Current CPI (Jan. 2024) = 130.1244.

Frequency Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201404 7.463 100.023 9.709
201407 7.724 100.520 9.999
201410 8.337 100.176 10.829
201501 9.164 98.604 12.093
201504 9.752 99.824 12.712
201507 9.751 100.691 12.601
201510 9.573 100.346 12.414
201601 9.823 99.957 12.788
201604 9.396 100.947 12.112
201607 9.563 101.524 12.257
201610 9.576 101.988 12.218
201701 9.946 102.456 12.632
201704 9.453 103.167 11.923
201707 8.825 103.278 11.119
201710 8.553 104.070 10.694
201801 7.285 104.578 9.065
201804 5.815 105.708 7.158
201807 6.166 106.324 7.546
201810 6.272 106.695 7.649
201901 6.318 106.200 7.741
201904 6.253 107.818 7.547
201907 6.205 108.250 7.459
201910 5.778 108.577 6.925
202001 5.621 108.841 6.720
202004 5.471 108.173 6.581
202007 5.161 109.318 6.143
202010 5.064 109.861 5.998
202101 4.819 110.364 5.682
202104 5.021 112.673 5.799
202107 4.951 115.183 5.593
202110 5.084 116.696 5.669
202201 5.127 118.619 5.624
202204 4.650 121.978 4.961
202207 4.610 125.002 4.799
202210 4.452 125.734 4.607
202301 3.212 126.223 3.311
202304 3.200 127.992 3.253
202307 3.386 128.974 3.416
202310 3.651 129.810 3.660
202401 3.549 130.124 3.549

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.


Frequency Electronics  (STU:98K) 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.


Frequency Electronics Cyclically Adjusted PB Ratio Related Terms

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


Frequency Electronics (STU:98K) Business Description

Traded in Other Exchanges
Address
55 Charles Lindbergh Boulevard, Mitchel Field, NY, USA, 11553
Frequency Electronics Inc is engaged in the design, development, and manufacture of high-precision timing, and frequency control products for space, air, sea, and terrestrial applications. The company has FEI-NY and FEI-Zyfer reportable segments. It derives the majority of its revenues from the FEI-NY segment. FEI-NY segment operations consist principally of precision time and frequency control products used in three principal markets namely communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military.

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