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Cohu (COHU) Cyclically Adjusted Book per Share : $15.19 (As of Mar. 2024)


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What is Cohu 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.

Cohu's adjusted book value per share for the three months ended in Mar. 2024 was $19.443. 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 $15.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cohu's average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.40% 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 Cohu was 22.00% per year. The lowest was -2.10% per year. And the median was 6.10% per year.

As of today (2024-06-10), Cohu's current stock price is $31.26. Cohu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.19. Cohu's Cyclically Adjusted PB Ratio of today is 2.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cohu was 4.40. The lowest was 0.74. And the median was 1.57.


Cohu Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cohu'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.

Cohu Cyclically Adjusted Book per Share Chart

Cohu 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 11.43 11.42 12.50 13.67 14.76

Cohu 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 14.05 14.36 14.64 14.76 15.19

Competitive Comparison of Cohu's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Cohu'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.


Cohu's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Cohu 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, Cohu'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)
=19.443/131.7762*131.7762
=19.443

Current CPI (Mar. 2024) = 131.7762.

Cohu Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.011 100.560 13.119
201409 9.960 100.428 13.069
201412 9.617 99.070 12.792
201503 9.066 99.621 11.992
201506 9.161 100.684 11.990
201509 9.045 100.392 11.873
201512 9.075 99.792 11.984
201603 8.913 100.470 11.690
201606 8.990 101.688 11.650
201609 9.021 101.861 11.670
201612 8.772 101.863 11.348
201703 8.995 102.862 11.523
201706 9.486 103.349 12.095
201709 9.882 104.136 12.505
201712 10.147 104.011 12.856
201803 10.361 105.290 12.967
201806 10.541 106.317 13.065
201809 7.594 106.507 9.396
201812 13.400 105.998 16.659
201903 12.890 107.251 15.838
201906 12.526 108.070 15.274
201909 11.917 108.329 14.496
201912 11.670 108.420 14.184
202003 11.152 108.902 13.494
202006 11.150 108.767 13.509
202009 11.310 109.815 13.572
202012 12.142 109.897 14.559
202103 15.481 111.754 18.255
202106 17.496 114.631 20.113
202109 17.911 115.734 20.394
202112 18.178 117.630 20.364
202203 18.247 121.301 19.823
202206 18.198 125.017 19.182
202209 18.516 125.227 19.484
202212 18.850 125.222 19.837
202303 19.734 127.348 20.420
202306 20.030 128.729 20.504
202309 19.927 129.860 20.221
202312 20.141 129.419 20.508
202403 19.443 131.776 19.443

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


Cohu  (NAS:COHU) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=31.26/15.19
=2.06

* 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 Cohu was 4.40. The lowest was 0.74. And the median was 1.57.


Be Aware

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


Cohu Cyclically Adjusted Book per Share Related Terms

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


Cohu (COHU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cohu Inc (NAS:COHU) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
12367 Crothwaite Circle, Poway, CA, USA, 92064-6817
Cohu Inc is a supplier of semiconductor test and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by semiconductor manufacturers and test subcontractors. The company's products include Semiconductor ATE (Automated Test Equipment), Semiconductor Handlers, Interface Products such as test contactors, probe heads and probe pins, Spares and Kits, Bare Board PCB Test Systems, and services. It has two reportable segments, Semiconductor Test and Inspection Equipment (Semiconductor Test & Inspection) and PCB Test Equipment (PCB Test). The majority of the firm's revenue is derived from the Semiconductor Test and Inspection Equipment segment.
Executives
Thomas D Kampfer officer: VP Corp Dev, GC & Sec C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92128
Ian P Lawee officer: VP & GM Semiconductor Test Grp 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Jeffrey D Jones officer: VP Finance & CFO 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Nina Richardson director C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701
William Bendush director MICROSEMI CORPORATION, ONE ENTERPRISE, ALISO VIEJO CA 92656
Steven J Bilodeau director C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Andreas W Mattes director C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR RD, NORTH CANTON OH 44720
Christopher Bohrson officer: VP & General Manager, Delta 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Andrew M Caggia director 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Luis A Muller officer: President, Delta Design, Inc. 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Yon Jorden director 750 WEST JOHN CARPENTER FREEWAY, SUITE 1200, IRVING TX 75039
James A Donahue officer: President & CEO
Pascal Ronde officer: Sr. VP, Global Customer Team LES CONQUERANTS - BATIMENT 1, AVENUE DE L'ATLANTIQUE, LES ULIS I0 91940
Robert L Ciardella director
Lynne J Camp director 714 NW 914TH TERRACE, PORTLAND OR 97229

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