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LPKF Laser & Electronics SE (XTER:LPK) Cyclically Adjusted PB Ratio : 2.16 (As of Jun. 06, 2024)


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What is LPKF Laser & Electronics SE Cyclically Adjusted PB Ratio?

As of today (2024-06-06), LPKF Laser & Electronics SE's current share price is €7.96. LPKF Laser & Electronics SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €3.69. LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio for today is 2.16.

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

XTER:LPK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.48   Med: 2.64   Max: 8.5
Current: 2.18

During the past years, LPKF Laser & Electronics SE's highest Cyclically Adjusted PB Ratio was 8.50. The lowest was 1.48. And the median was 2.64.

XTER:LPK's Cyclically Adjusted PB Ratio is ranked worse than
55.76% of 2163 companies
in the Industrial Products industry
Industry Median: 1.89 vs XTER:LPK: 2.18

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.

LPKF Laser & Electronics SE's adjusted book value per share data for the three months ended in Dec. 2023 was €3.883. 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 €3.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


LPKF Laser & Electronics SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for LPKF Laser & Electronics SE'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.

LPKF Laser & Electronics SE Cyclically Adjusted PB Ratio Chart

LPKF Laser & Electronics SE 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 4.35 8.34 5.44 2.61 2.70

LPKF Laser & Electronics SE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.61 2.49 2.29 1.93 2.70

Competitive Comparison of LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, LPKF Laser & Electronics SE'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.


LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio falls into.



LPKF Laser & Electronics SE 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.

LPKF Laser & Electronics SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.96/3.69
=2.16

* 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.

LPKF Laser & Electronics SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, LPKF Laser & Electronics SE's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.883/123.7729*123.7729
=3.883

Current CPI (Dec. 2023) = 123.7729.

LPKF Laser & Electronics SE Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.894 99.543 3.598
201406 2.663 99.543 3.311
201409 2.888 99.823 3.581
201412 3.079 99.543 3.828
201503 3.165 99.717 3.929
201506 2.886 100.417 3.557
201509 2.801 100.417 3.452
201512 2.851 99.717 3.539
201603 2.658 100.017 3.289
201606 2.683 100.717 3.297
201609 2.471 101.017 3.028
201612 2.440 101.217 2.984
201703 2.451 101.417 2.991
201706 2.289 102.117 2.774
201709 2.367 102.717 2.852
201712 2.435 102.617 2.937
201803 2.326 102.917 2.797
201806 2.277 104.017 2.709
201809 2.988 104.718 3.532
201812 3.173 104.217 3.768
201903 3.379 104.217 4.013
201906 3.478 105.718 4.072
201909 3.645 106.018 4.255
201912 3.708 105.818 4.337
202003 3.647 105.718 4.270
202006 3.685 106.618 4.278
202009 3.788 105.818 4.431
202012 3.793 105.518 4.449
202103 3.701 107.518 4.261
202106 3.550 108.486 4.050
202109 3.588 109.435 4.058
202112 3.751 110.384 4.206
202203 3.811 113.968 4.139
202206 3.846 115.760 4.112
202209 3.887 118.818 4.049
202212 3.834 119.345 3.976
202303 3.589 122.402 3.629
202306 3.550 123.140 3.568
202309 3.652 124.195 3.640
202312 3.883 123.773 3.883

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.


LPKF Laser & Electronics SE  (XTER:LPK) 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.


LPKF Laser & Electronics SE Cyclically Adjusted PB Ratio Related Terms

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


LPKF Laser & Electronics SE (XTER:LPK) Business Description

Address
Osteriede 7, Garbsen, DEU, D-30827
LPKF Laser & Electronics SE designs and produces laser systems. Its products are PCB (printed circuit board) prototyping, IC packaging, Stencil laser equipment, PCB processing technology and depaneling technology, laser direct structuring, solar equipment, laser welding equipment, and motion control technology. The firm operates through the following segments: Development, Electronics, Welding, and Solar. Its products are used in the electronics industry, automotive parts, solar industry, semi-conductor industry, medical technology, research institutions, and universities.
Executives
Dr. Klaus Fiedler Board of Directors
Jean-michel Richard Supervisory Board

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