GURUFOCUS.COM » STOCK LIST » Technology » Software » A10 Networks Inc (NYSE:ATEN) » Definitions » Cyclically Adjusted Book per Share

A10 Networks (A10 Networks) Cyclically Adjusted Book per Share : $2.02 (As of Mar. 2024)


View and export this data going back to 2014. Start your Free Trial

What is A10 Networks 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.

A10 Networks's adjusted book value per share for the three months ended in Mar. 2024 was $2.879. 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 $2.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, A10 Networks's average Cyclically Adjusted Book Growth Rate was 14.80% 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.

As of today (2024-05-24), A10 Networks's current stock price is $15.04. A10 Networks's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.02. A10 Networks's Cyclically Adjusted PB Ratio of today is 7.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of A10 Networks was 12.21. The lowest was 5.87. And the median was 8.32.


A10 Networks Cyclically Adjusted Book per Share Historical Data

The historical data trend for A10 Networks'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.

A10 Networks Cyclically Adjusted Book per Share Chart

A10 Networks 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 - - - 1.71 1.98

A10 Networks Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.76 1.80 1.84 1.98 2.02

Competitive Comparison of A10 Networks's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, A10 Networks'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.


A10 Networks's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, A10 Networks's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where A10 Networks's Cyclically Adjusted PB Ratio falls into.



A10 Networks 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, A10 Networks'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)
=2.879/131.7762*131.7762
=2.879

Current CPI (Mar. 2024) = 131.7762.

A10 Networks Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.880 100.560 2.464
201409 1.746 100.428 2.291
201412 1.573 99.070 2.092
201503 1.427 99.621 1.888
201506 1.356 100.684 1.775
201509 1.280 100.392 1.680
201512 1.219 99.792 1.610
201603 1.174 100.470 1.540
201606 1.204 101.688 1.560
201609 1.231 101.861 1.593
201612 1.219 101.863 1.577
201703 1.279 102.862 1.639
201706 1.270 103.349 1.619
201709 1.271 104.136 1.608
201712 1.372 104.011 1.738
201803 1.380 105.290 1.727
201806 1.354 106.317 1.678
201809 1.363 106.507 1.686
201812 1.398 105.998 1.738
201903 1.287 107.251 1.581
201906 1.292 108.070 1.575
201909 1.331 108.329 1.619
201912 1.402 108.420 1.704
202003 1.439 108.902 1.741
202006 1.430 108.767 1.733
202009 1.610 109.815 1.932
202012 1.519 109.897 1.821
202103 1.617 111.754 1.907
202106 1.626 114.631 1.869
202109 2.627 115.734 2.991
202112 2.698 117.630 3.022
202203 2.457 121.301 2.669
202206 2.564 125.017 2.703
202209 2.190 125.227 2.305
202212 2.455 125.222 2.584
202303 2.500 127.348 2.587
202306 2.604 128.729 2.666
202309 2.634 129.860 2.673
202312 2.796 129.419 2.847
202403 2.879 131.776 2.879

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


A10 Networks  (NYSE:ATEN) 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.

A10 Networks's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.04/2.02
=7.45

* 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 A10 Networks was 12.21. The lowest was 5.87. And the median was 8.32.


Be Aware

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


A10 Networks Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of A10 Networks's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


A10 Networks (A10 Networks) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » A10 Networks Inc (NYSE:ATEN) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
2300 Orchard Parkway, San Jose, CA, USA, 95131
A10 Networks Inc is a provider of secure application solutions and services that enables a new generation of intelligently connected companies, the ability to continuously improve cyber protection and digital responsiveness across dynamic Information Technology and network infrastructures. Its portfolio consists of six secure application solutions; Thunder Application Delivery Controller, Lightning Application Delivery Controller, Thunder Carrier Grade Networking, Thunder Threat Protection System, Thunder SSL Insight and Thunder Convergent Firewall, and two intelligent management and automation tools; Harmony Controller and aGalaxy TPS. Key revenue is generated from the Americas, with the rest coming from Europe, the Middle East and Africa, plus the Asia Pacific region.
Executives
Dhrupad Trivedi officer: Chief Executive Officer 1 N. BRENTWOOD BLVD., SUITE 1599, SAINT LOUIS MO 63105
Matthew P Bruening officer: EVP, Worldwide Sales & Mktg 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Karen S. Thomas officer: EVP, Worldwide Sales and Mkt 2300 ORCHARD PARKWAY, SAN JOSE CA 95125
Brian Becker officer: Interim CFO 230 HOWES DRIVE, LOS GATOS CA 95032
Robert Scott Weber officer: General Counsel 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Peter Y Chung director, other: Indirect GP of 10% Owner C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLR, BOSTON MA 02116
Viex Opportunities Fund, Lp Series One other: See Explanation of Responses C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Robert D Cochran director, officer: VP, Legal & Corp Collaboration 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Dana Elizabeth Wolf director 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Viex Opportunities Fund, Lp - Series Two other: See Explanation of Responses C/O VIEX CAPITAL ADVISORS, LLC, 825 THIRD AVENUE, 33RD FLOOR, NEW YORK NY 10022
Summit Partners L P other: Manager of GP of 10% Owner 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116
Mary Dotz director 280 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Gunter Reiss officer: VP Worldwide Mktg & Bus Dev 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Thomas Constantino officer: EVP, Chief Financial Officer 2300 ORCHARD PARKWAY, SAN JOSE CA 95131
Lee Chen director, 10 percent owner, officer: CEO and President C/O A10 NETWORKS, INC, 2300 ORCHARD PARK, SAN JOSE CA 95131

A10 Networks (A10 Networks) Headlines

From GuruFocus

Insider Alert: An Insider Just Sold A10 Networks Inc Shares

By GuruFocus Research GuruFocus Editor 05-20-2023

This Insider Just Sold Shares of A10 Networks Inc

By GuruFocus Research GuruFocus Editor 12-09-2022

This Insider Just Sold Shares of A10 Networks Inc

By GuruFocus Research GuruFocus Editor 05-19-2023

Top 5 3rd Quarter Trades of SUMMIT PARTNERS L P

By GuruFocus Research GuruFocus Editor 11-04-2022

A10 Networks to Participate in Upcoming Investor Conferences

By Business Wire Business Wire 10-25-2022