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ASMPT (STU:AY7A) Cyclically Adjusted PB Ratio : 3.82 (As of Jun. 07, 2024)


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What is ASMPT Cyclically Adjusted PB Ratio?

As of today (2024-06-07), ASMPT's current share price is €11.70. ASMPT's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €3.06. ASMPT's Cyclically Adjusted PB Ratio for today is 3.82.

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

STU:AY7A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.3   Med: 3   Max: 3.86
Current: 3.74

During the past years, ASMPT's highest Cyclically Adjusted PB Ratio was 3.86. The lowest was 2.30. And the median was 3.00.

STU:AY7A's Cyclically Adjusted PB Ratio is ranked worse than
66.28% of 688 companies
in the Semiconductors industry
Industry Median: 2.57 vs STU:AY7A: 3.74

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 adjusted book value per share data for the three months ended in Dec. 2023 was €4.445. 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 €3.06 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASMPT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ASMPT'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.

ASMPT Cyclically Adjusted PB Ratio Chart

ASMPT 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 - - - 2.35 2.73

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 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 - 2.99 - 2.73 -

Competitive Comparison of ASMPT's Cyclically Adjusted PB Ratio

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 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.70/3.06
=3.82

* 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.

ASMPT's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

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)
=4.445/129.4194*129.4194
=4.445

Current CPI (Dec. 2023) = 129.4194.

ASMPT Quarterly Data

Book Value per Share CPI Adj_Book
200612 0.642 85.142 0.976
200712 0.665 88.616 0.971
200812 0.697 88.697 1.017
200906 0.000 91.003 0.000
200912 0.765 91.111 1.087
201006 1.063 91.962 1.496
201012 1.262 92.474 1.766
201106 1.234 95.235 1.677
201112 1.540 95.213 2.093
201206 1.658 96.819 2.216
201212 1.615 96.871 2.158
201306 1.638 98.518 2.152
201312 1.664 98.326 2.190
201406 1.833 100.560 2.359
201412 2.132 99.070 2.785
201506 2.357 100.684 3.030
201512 2.344 99.792 3.040
201606 2.414 101.688 3.072
201612 2.700 101.863 3.430
201706 2.922 103.349 3.659
201712 3.022 104.011 3.760
201806 3.199 106.317 3.894
201812 3.363 105.998 4.106
201906 3.258 108.070 3.902
201912 3.279 108.420 3.914
202006 3.243 108.767 3.859
202009 0.000 109.815 0.000
202012 3.399 109.897 4.003
202103 0.000 111.754 0.000
202106 3.520 114.631 3.974
202109 0.000 115.734 0.000
202112 4.200 117.630 4.621
202203 0.000 121.301 0.000
202206 4.510 125.017 4.669
202209 0.000 125.227 0.000
202212 4.626 125.222 4.781
202303 0.000 127.348 0.000
202306 4.455 128.729 4.479
202309 0.000 129.860 0.000
202312 4.445 129.419 4.445

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.


ASMPT  (STU:AY7A) 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.


ASMPT Cyclically Adjusted PB Ratio Related Terms

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


ASMPT (STU:AY7A) 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.

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