GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ASMPT Ltd (OTCPK:ASMVY) » Definitions » Cyclically Adjusted Book per Share

ASMPT (ASMVY) Cyclically Adjusted Book per Share : $10.47 (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is ASMPT 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.

ASMPT's adjusted book value per share for the three months ended in Dec. 2023 was $14.541. 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 $10.47 for the trailing ten years ended in Dec. 2023.

During the past 12 months, ASMPT's average Cyclically Adjusted Book Growth Rate was 15.20% 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 (2024-05-01), ASMPT's current stock price is $37.495. ASMPT's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $10.47. ASMPT's Cyclically Adjusted PB Ratio of today is 3.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ASMPT was 3.86. The lowest was 2.30. And the median was 2.97.


ASMPT Cyclically Adjusted Book per Share Historical Data

The historical data trend for ASMPT'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.

ASMPT Cyclically Adjusted Book per Share Chart

ASMPT 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 - - - 9.07 10.47

ASMPT Quarterly Data
Jun18 Dec18 Jun19 Dec19 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 - 9.95 - 10.47 -

Competitive Comparison of ASMPT's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, ASMPT'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.


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

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

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



ASMPT 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, ASMPT'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)
=14.541/129.4194*129.4194
=14.541

Current CPI (Dec. 2023) = 129.4194.

ASMPT Quarterly Data

Book Value per Share CPI Adj_Book
200612 2.543 85.142 3.865
200712 2.905 88.616 4.243
200812 2.826 88.697 4.123
200906 0.000 91.003 0.000
200912 3.346 91.111 4.753
201006 3.900 91.962 5.489
201012 5.008 92.474 7.009
201106 5.334 95.235 7.249
201112 6.079 95.213 8.263
201206 6.240 96.819 8.341
201212 6.357 96.871 8.493
201306 6.483 98.518 8.516
201312 6.839 98.326 9.002
201406 7.472 100.560 9.616
201412 7.887 99.070 10.303
201506 7.936 100.684 10.201
201512 7.661 99.792 9.935
201606 8.137 101.688 10.356
201612 8.545 101.863 10.857
201706 9.849 103.349 12.333
201712 10.728 104.011 13.349
201806 11.212 106.317 13.648
201812 11.479 105.998 14.015
201906 11.044 108.070 13.226
201912 10.932 108.420 13.049
202006 10.958 108.767 13.039
202009 0.000 109.815 0.000
202012 12.407 109.897 14.611
202103 0.000 111.754 0.000
202106 12.721 114.631 14.362
202109 0.000 115.734 0.000
202112 14.238 117.630 15.665
202203 0.000 121.301 0.000
202206 14.303 125.017 14.807
202209 0.000 125.227 0.000
202212 14.702 125.222 15.195
202303 0.000 127.348 0.000
202306 14.480 128.729 14.558
202309 0.000 129.860 0.000
202312 14.541 129.419 14.541

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


ASMPT  (OTCPK:ASMVY) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=37.495/10.47
=3.58

* 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 ASMPT was 3.86. The lowest was 2.30. And the median was 2.97.


Be Aware

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


ASMPT Cyclically Adjusted Book per Share Related Terms

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


ASMPT (ASMVY) Business Description

Industry
Traded in Other Exchanges
Address
2 Yishun Avenue 7, Singapore, SGP, 768924
ASMPT designs, manufactures and sells precision equipment used to assemble semiconductors and other electronic equipment. Listed on the Hong Kong Stock Exchange since 1989, ASMPT is headquartered in Hong Kong and has operations in Asia, Europe and the U.S. It is the largest supplier globally in both the assembly and packaging equipment market and the surface mounted technology market.

ASMPT (ASMVY) Headlines

From GuruFocus