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AUO (FRA:AU7) Cyclically Adjusted PB Ratio : 0.59 (As of Jun. 08, 2024)


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What is AUO Cyclically Adjusted PB Ratio?

As of today (2024-06-08), AUO's current share price is €4.96. AUO's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.43. AUO's Cyclically Adjusted PB Ratio for today is 0.59.

The historical rank and industry rank for AUO's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:AU7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.5   Max: 1.59
Current: 0.61

During the past years, AUO's highest Cyclically Adjusted PB Ratio was 1.59. The lowest was 0.30. And the median was 0.50.

FRA:AU7's Cyclically Adjusted PB Ratio is ranked better than
83.1% of 1899 companies
in the Hardware industry
Industry Median: 1.67 vs FRA:AU7: 0.61

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.

AUO's adjusted book value per share data for the three months ended in Mar. 2024 was €5.696. 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 €8.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AUO Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AUO'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.

* Premium members only.

AUO Cyclically Adjusted PB Ratio Chart

AUO Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.67 1.06 0.53 0.63

AUO Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.64 0.64 0.57 0.63 0.62

Competitive Comparison of AUO's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, AUO'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.


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

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

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



AUO 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.

AUO's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.96/8.43
=0.59

* 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.

AUO's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, AUO'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)
=5.696/131.7762*131.7762
=5.696

Current CPI (Mar. 2024) = 131.7762.

AUO Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.313 100.560 6.962
201409 5.847 100.428 7.672
201412 5.196 99.070 6.911
201503 7.088 99.621 9.376
201506 6.930 100.684 9.070
201509 6.761 100.392 8.875
201512 5.746 99.792 7.588
201603 6.280 100.470 8.237
201606 6.111 101.688 7.919
201609 6.368 101.861 8.238
201612 6.097 101.863 7.887
201703 7.457 102.862 9.553
201706 7.426 103.349 9.469
201709 7.373 104.136 9.330
201712 7.172 104.011 9.087
201803 7.692 105.290 9.627
201806 7.387 106.317 9.156
201809 7.327 106.507 9.065
201812 7.172 105.998 8.916
201903 7.443 107.251 9.145
201906 7.059 108.070 8.607
201909 7.149 108.329 8.696
201912 6.915 108.420 8.405
202003 6.684 108.902 8.088
202006 6.553 108.767 7.939
202009 6.502 109.815 7.802
202012 7.011 109.897 8.407
202103 7.470 111.754 8.808
202106 8.244 114.631 9.477
202109 9.202 115.734 10.477
202112 9.656 117.630 10.817
202203 9.581 121.301 10.408
202206 9.309 125.017 9.812
202209 8.295 125.227 8.729
202212 7.457 125.222 7.847
202303 6.749 127.348 6.984
202306 6.349 128.729 6.499
202309 6.211 129.860 6.303
202312 6.091 129.419 6.202
202403 5.696 131.776 5.696

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.


AUO  (FRA:AU7) 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.


AUO Cyclically Adjusted PB Ratio Related Terms

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


AUO (FRA:AU7) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AUO Corp (FRA:AU7) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
Address
No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, TWN, 300094
AUO Corp is a Taiwan-based company that manufactures & distributes thin-film-transistor liquid-crystal-display (TFT-LCD) panels to original equipment manufacturers. The display segment generally is engaged in the research, development, design, manufacturing, & sale of flat panel displays. The energy segment mainly is engaged in the design, manufacturing, and sale of ingots, solar wafers, and solar modules, as well as providing technical engineering services and maintenance services for solar system projects AU Optronics has manufacturing facilities in Taiwan, Japan, and Malaysia. It operates in two segments - The display segment & energy segment, the majority is derived from the Display segment. Geographically, the majority is from the PRC (including Hong Kong).

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