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Wolfspeed (Wolfspeed) Cyclically Adjusted PB Ratio : 1.10 (As of May. 28, 2024)


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What is Wolfspeed Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Wolfspeed's current share price is $26.27. Wolfspeed's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $23.93. Wolfspeed's Cyclically Adjusted PB Ratio for today is 1.10.

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

WOLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 2.03   Max: 5.69
Current: 1.1

During the past years, Wolfspeed's highest Cyclically Adjusted PB Ratio was 5.69. The lowest was 0.93. And the median was 2.03.

WOLF's Cyclically Adjusted PB Ratio is ranked better than
77.92% of 684 companies
in the Semiconductors industry
Industry Median: 2.495 vs WOLF: 1.10

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.

Wolfspeed's adjusted book value per share data for the three months ended in Mar. 2024 was $8.127. 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 $23.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wolfspeed Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wolfspeed'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.

Wolfspeed Cyclically Adjusted PB Ratio Chart

Wolfspeed Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.35 2.48 4.00 2.45 2.22

Wolfspeed 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 2.57 2.22 1.54 1.80 1.23

Competitive Comparison of Wolfspeed's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Wolfspeed'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.


Wolfspeed's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Wolfspeed 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.27/23.93
=1.10

* 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.

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

For example, Wolfspeed'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)
=8.127/131.7762*131.7762
=8.127

Current CPI (Mar. 2024) = 131.7762.

Wolfspeed Quarterly Data

Book Value per Share CPI Adj_Book
201406 24.894 100.560 32.622
201409 24.869 100.428 32.632
201412 24.542 99.070 32.644
201503 24.479 99.621 32.380
201506 23.334 100.684 30.540
201509 23.183 100.392 30.431
201512 23.388 99.792 30.884
201603 23.435 100.470 30.737
201606 23.484 101.688 30.433
201609 23.230 101.861 30.052
201612 23.614 101.863 30.549
201703 22.720 102.862 29.106
201706 22.757 103.349 29.017
201709 22.553 104.136 28.539
201712 22.807 104.011 28.895
201803 20.519 105.290 25.681
201806 20.368 106.317 25.245
201809 21.399 106.507 26.476
201812 21.525 105.998 26.760
201903 19.719 107.251 24.228
201906 19.107 108.070 23.298
201909 18.762 108.329 22.823
201912 18.432 108.420 22.403
202003 17.933 108.902 21.700
202006 19.071 108.767 23.105
202009 17.305 109.815 20.766
202012 16.804 109.897 20.150
202103 19.467 111.754 22.955
202106 18.294 114.631 21.030
202109 17.553 115.734 19.986
202112 19.251 117.630 21.566
202203 19.340 121.301 21.010
202206 19.704 125.017 20.769
202209 16.984 125.227 17.872
202212 14.309 125.222 15.058
202303 13.716 127.348 14.193
202306 12.997 128.729 13.305
202309 9.940 129.860 10.087
202312 9.144 129.419 9.311
202403 8.127 131.776 8.127

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.


Wolfspeed  (NYSE:WOLF) 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.


Wolfspeed Cyclically Adjusted PB Ratio Related Terms

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


Wolfspeed (Wolfspeed) Business Description

Industry
Traded in Other Exchanges
Address
4600 Silicon Drive, Durham, NC, USA, 27703
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.
Executives
Neill Reynolds officer: Executive Vice President & CFO 4600 SILICON DR, DURHAM NC 27703
Le Duy Loan T director C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Gregg A Lowe director, officer: PRESIDENT, CEO AND DIRECTOR 400 W CESAR CHAVEZ STREET, AUSTIN TX 78701
John B Replogle director C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
Stacy J Smith director 2200 MISSION COLLEGE BLVD., RNB-4-151, SANTA CLARA CA 95054
Glenda Dorchak director C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Clyde Hosein director C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Marvin Riley director 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Thomas H Werner director 3939 NORTH FIRST STREET, SAN JOSE CA 95134
Anne Clem Whitaker director 109 BRIERY BRANCH COURT, MORRISVILLE NC 27560
John C Hodge director C/O SILICON IMAGE, INC., 1060 E. ARQUES AVE., SUNNYVALE CA 94085
David Todd Emerson officer: EVP, GM LED 4600 SILICON DRIVE, DURHAM NC 27703
Michael E Mcdevitt officer: INTER. CHIEF FINANCIAL OFFICER 713 WALCOTT WAY, CARY NC 27519
Daniel J Castillo officer: EVP Cree & President-Lighting 2645 SILVER CRESCENT DRIVE, CHARLOTTE NC 28273
Darren R Jackson director C/O BEST BUY INC, 7075 FLYING CLOUD DR, EDEN PRAIRIE MN 55344