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Avid Bioservices (Avid Bioservices) Cyclically Adjusted Book per Share : $1.89 (As of Jan. 2024)


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What is Avid Bioservices 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.

Avid Bioservices's adjusted book value per share for the three months ended in Jan. 2024 was $2.839. 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 $1.89 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Avid Bioservices's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -5.10% 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 Avid Bioservices was 8.10% per year. The lowest was -22.00% per year. And the median was -5.70% per year.

As of today (2024-06-08), Avid Bioservices's current stock price is $7.96. Avid Bioservices's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $1.89. Avid Bioservices's Cyclically Adjusted PB Ratio of today is 4.21.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Avid Bioservices was 23.74. The lowest was 1.05. And the median was 4.06.


Avid Bioservices Cyclically Adjusted Book per Share Historical Data

The historical data trend for Avid Bioservices'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.

Avid Bioservices Cyclically Adjusted Book per Share Chart

Avid Bioservices Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.51 1.44 1.41 1.54 1.82

Avid Bioservices Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.75 1.82 1.86 1.89 1.89

Competitive Comparison of Avid Bioservices's Cyclically Adjusted Book per Share

For the Biotechnology subindustry, Avid Bioservices'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.


Avid Bioservices's Cyclically Adjusted PB Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Avid Bioservices's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Avid Bioservices 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, Avid Bioservices's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=2.839/130.1244*130.1244
=2.839

Current CPI (Jan. 2024) = 130.1244.

Avid Bioservices Quarterly Data

Book Value per Share CPI Adj_Book
201404 2.649 100.023 3.446
201407 2.562 100.520 3.317
201410 2.261 100.176 2.937
201501 1.892 98.604 2.497
201504 2.137 99.824 2.786
201507 1.931 100.691 2.495
201510 2.146 100.346 2.783
201601 1.806 99.957 2.351
201604 1.479 100.947 1.906
201607 1.187 101.524 1.521
201610 1.173 101.988 1.497
201701 1.033 102.456 1.312
201704 1.217 103.167 1.535
201707 1.242 103.278 1.565
201710 0.950 104.070 1.188
201801 0.696 104.578 0.866
201804 1.001 105.708 1.232
201807 1.013 106.324 1.240
201810 0.977 106.695 1.192
201901 0.946 106.200 1.159
201904 0.945 107.818 1.141
201907 0.883 108.250 1.061
201910 0.873 108.577 1.046
202001 0.834 108.841 0.997
202004 0.742 108.173 0.893
202007 0.822 109.318 0.978
202010 0.871 109.861 1.032
202101 1.403 110.364 1.654
202104 1.273 112.673 1.470
202107 0.728 115.183 0.822
202110 0.830 116.696 0.926
202201 0.917 118.619 1.006
202204 2.824 121.978 3.013
202207 2.879 125.002 2.997
202210 2.908 125.734 3.010
202301 2.965 126.223 3.057
202304 3.022 127.992 3.072
202307 3.020 128.974 3.047
202310 2.905 129.810 2.912
202401 2.839 130.124 2.839

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


Avid Bioservices  (NAS:CDMO) 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.

Avid Bioservices's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.96/1.89
=4.21

* 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 Avid Bioservices was 23.74. The lowest was 1.05. And the median was 4.06.


Be Aware

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


Avid Bioservices Cyclically Adjusted Book per Share Related Terms

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


Avid Bioservices (Avid Bioservices) Business Description

Industry
Traded in Other Exchanges
Address
14191 Myford Road, Tustin, CA, USA, 92780
Avid Bioservices Inc is a clinical-stage biopharmaceutical company focused on the development and Current Good Manufacturing Practices (CGMP) of biopharmaceutical products derived from mammalian cell culture. The company provides a comprehensive range of process development and high-quality CGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries.
Executives
Matthew R. Kwietniak officer: Chief Commercial Officer 14191 MYFORD ROAD, TUSTIN CA 92780
Richard A. Richieri officer: Chief Operations Officer 14191 MYFORD ROAD, TUSTIN CA 92780
Daniel Ryan Hart officer: Chief Financial Officer 2642 MICHELLE DR., SUITE 200, TUSTIN CA 62780
Mark R Ziebell officer: V.P., General Counsel 14282 FRANKLIN AVENUE, TUSTIN CA 92780
Richard B Hancock director 14282 FRANKLIN AVE., TUSTIN CA 92780
Joseph Carleone director 3883 HOWARD HUGHES PKWY, SUITE 700, LAS VEGAS NV 89169
Nicholas Stewart Green director, officer: President & CEO 2642 MICHELLE DRIVE, SUITE 200, TUSTIN CA 92780
Gregory Sargen director
Esther M. Alegria director 2642 MICHELLE DRIVE, SUITE 200, TUSTIN CA 92780
Mark R Bamforth director 500 KENDALL ST., CAMBRIDGE MA 02142
Jeanne Thoma director C/O ANI PHARMACEUTICALS, INC., 210 MAIN STREET WEST, BAUDETTE MN 56623
Patrick D Walsh director 14282 FRANKLIN AVE., TUSTIN CA 92780
Catherine J Mackey director 3595 JOHN HOPKINS COURT, SAN DIEGO CA 92121
Joel Mccomb director 9885 TOWNE CENTRE DRIVE, SAN DIEGO CA 92121
Stephen Michael Hedberg officer: Principal Fin. & Acct. Officer 2642 MICHELLE DRIVE, SUITE 200, TUSTIN CA 92780

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