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Stratasys (Stratasys) Cyclically Adjusted Book per Share : $28.14 (As of Dec. 2023)


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What is Stratasys Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Stratasys's adjusted book value per share for the three months ended in Dec. 2023 was $12.703. 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 $28.14 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Stratasys's average Cyclically Adjusted Book Growth Rate was -11.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Stratasys was 42.40% per year. The lowest was 0.30% per year. And the median was 13.80% per year.

As of today (2024-04-28), Stratasys's current stock price is $10.02. Stratasys's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $28.14. Stratasys's Cyclically Adjusted PB Ratio of today is 0.36.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Stratasys was 12.82. The lowest was 0.35. And the median was 0.92.


Stratasys Cyclically Adjusted Book per Share Historical Data

The historical data trend for Stratasys's Cyclically Adjusted Book per Share 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.

Stratasys Cyclically Adjusted Book per Share Chart

Stratasys Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.67 27.91 30.36 31.75 28.14

Stratasys Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 31.75 31.32 30.68 29.59 28.14

Competitive Comparison of Stratasys's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Stratasys'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.


Stratasys's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Stratasys Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Stratasys'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)
=12.703/129.4194*129.4194
=12.703

Current CPI (Dec. 2023) = 129.4194.

Stratasys Quarterly Data

Book Value per Share CPI Adj_Book
201403 50.915 99.695 66.096
201406 50.978 100.560 65.608
201409 51.420 100.428 66.264
201412 49.698 99.070 64.923
201503 45.479 99.621 59.083
201506 44.646 100.684 57.388
201509 27.241 100.392 35.118
201512 22.822 99.792 29.598
201603 22.558 100.470 29.058
201606 22.197 101.688 28.250
201609 21.790 101.861 27.685
201612 21.578 101.863 27.415
201703 21.387 102.862 26.909
201706 21.395 103.349 26.792
201709 21.309 104.136 26.483
201712 21.116 104.011 26.274
201803 21.010 105.290 25.825
201806 20.929 106.317 25.477
201809 20.990 106.507 25.506
201812 21.197 105.998 25.881
201903 21.219 107.251 25.605
201906 21.277 108.070 25.480
201909 21.216 108.329 25.346
201912 21.255 108.420 25.372
202003 20.790 108.902 24.707
202006 20.312 108.767 24.169
202009 13.006 109.815 15.328
202012 13.412 109.897 15.795
202103 14.901 111.754 17.256
202106 14.700 114.631 16.596
202109 14.518 115.734 16.235
202112 14.556 117.630 16.015
202203 14.196 121.301 15.146
202206 13.840 125.017 14.327
202209 14.206 125.227 14.682
202212 14.302 125.222 14.781
202303 13.868 127.348 14.094
202306 13.391 128.729 13.463
202309 12.769 129.860 12.726
202312 12.703 129.419 12.703

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Stratasys  (NAS:SSYS) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Stratasys's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.02/28.14
=0.36

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Stratasys was 12.82. The lowest was 0.35. And the median was 0.92.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Stratasys Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Stratasys's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Stratasys (Stratasys) Business Description

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Address
c/o Stratasys, Inc, 7665 Commerce Way, Eden Prairie, MN, USA, 55344
Stratasys Ltd is a provider of 3D printing and additive manufacturing solutions. The company's patented fused deposition modeling and PolyJet printing technologies print prototypes and manufactured goods directly from 3D CAD files or other 3D content. Its subsidiaries include printer makers MakerBot and Solidscape. It generates revenue through 3D printing systems, related services, and consumables and by providing additive manufacturing solutions.