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EMC (EMC) Cyclically Adjusted PB Ratio : (As of Apr. 27, 2024)


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What is EMC Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


EMC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for EMC'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.

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EMC Cyclically Adjusted PB Ratio Chart

EMC Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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EMC Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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Competitive Comparison of EMC's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, EMC'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.


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

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

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



EMC 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.

EMC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2016 is calculated as:

For example, EMC's adjusted Book Value per Share data for the three months ended in Jun. 2016 was:

Adj_Book=Book Value per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=11.313/101.6881*101.6881
=11.313

Current CPI (Jun. 2016) = 101.6881.

EMC Quarterly Data

Book Value per Share CPI Adj_Book
200609 4.977 85.606 5.912
200612 4.865 85.142 5.810
200703 4.927 86.640 5.783
200706 5.072 87.906 5.867
200709 5.666 87.964 6.550
200712 5.956 88.616 6.835
200803 5.986 90.090 6.757
200806 6.250 92.320 6.884
200809 6.398 92.307 7.048
200812 6.625 88.697 7.595
200903 6.744 89.744 7.642
200906 6.951 91.003 7.767
200909 7.259 91.120 8.101
200912 7.576 91.111 8.455
201003 7.772 91.821 8.607
201006 7.920 91.962 8.758
201009 8.162 92.162 9.006
201012 8.411 92.474 9.249
201103 8.518 94.283 9.187
201106 8.815 95.235 9.412
201109 8.778 95.727 9.325
201112 9.425 95.213 10.066
201203 9.551 96.783 10.035
201206 9.976 96.819 10.478
201209 10.302 97.633 10.730
201212 10.611 96.871 11.139
201303 10.786 98.209 11.168
201306 10.856 98.518 11.205
201309 10.845 98.790 11.163
201312 11.040 98.326 11.418
201403 10.967 99.695 11.186
201406 11.003 100.560 11.126
201409 11.140 100.428 11.280
201412 11.031 99.070 11.323
201503 10.530 99.621 10.748
201506 10.431 100.684 10.535
201509 10.544 100.392 10.680
201512 10.880 99.792 11.087
201603 11.045 100.470 11.179
201606 11.313 101.688 11.313

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.


EMC  (NYSE:EMC) 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.


EMC Cyclically Adjusted PB Ratio Related Terms

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


EMC (EMC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EMC Corp (NYSE:EMC) » Definitions » Cyclically Adjusted PB Ratio
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Address
EMC Corp is a Massachusetts corporation, incorporated in 1979. The Company together with its subsidiaries supports the businesses and service providers to transform information technology (IT) operations to an as a service model (ITaaS). The Company operates in three segments: EMC Information Infrastructure, Pivotal and VMware Virtual Infrastructure. The Company's information infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure ever-increasing quantities of information, while at the same time improving business agility, lowering cost and increasing competitive advantage. VMware Virtual Infrastructure provides virtualization infrastructure solutions. Pivotal provides application and data infrastructure software, agile development services and data science consulting. The Company offers a comprehensive portfolio of enterprise storage systems and software - including high-end EMC VMAX and mid-tier EMC VNX unified storage and a portfolio of backup products that support enterprise application workloads. The Company's two additional storage families, EMC Isilon and EMC Atmos, are specifically designed to handle vast quantities of unstructured data. EMC supports a broad range of customers, including service providers, around the world - in every industry, in both public and private sectors, and of sizes ranging from the Fortune 500 to small business and individual consumers. The Company markets its products through direct sales and through multiple distribution channels. It has a direct sales presence throughout North America, Latin America, Europe, the Middle East, South Africa and the Asia Pacific region. The Company also has agreements in place with many partners, including value-added resellers and distributors, cloud service providers, systems integrators, outsourcers, Independent Software Vendors ("ISVs"), and Original Equipment Manufacturers ("OEMs"). The Company competes with many companies in the markets it serve, including companies that offer IT products and services and others that offer specific information storage, protection, security, management and intelligence, data analytics or virtualization products or services.
Executives
Laura Sen director ONE MERCER ROAD, P.O. BOX 9601, NATICK MA 01760-9601
John R Egan director 176 SOUTH ST., HOPKINTON MA 01748
Donald J Carty director C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Judith A Miscik director 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
William D Green director C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601
William F Scannell officer: President,Global Sales/Cust Op EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Randolph L Cowen director 176 SOUTH STREET HOPKINTON MA 01748
Howard D Elias officer: President & COO, Glob Ent Srvs C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Paul T Dacier officer: EVP & General Counsel EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Erin Mcsweeney officer: EVP, Human Resources EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Teuber William J Jr officer: Vice Chairman EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
James S Distasio director C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, BOSTON MA 01104
Paul Sagan director AKAMAI TECHNOLOGIES INC, 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142
Jeremy Burton officer: President, Prod & Marketing C/O SNOWFLAKE INC., 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
David I Goulden officer: CEO, EMCII 176 SOUTH STREET, HOPKINTON MA 01748

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