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Accelink Technologies Co (SZSE:002281) Cyclically Adjusted PB Ratio : 5.33 (As of May. 17, 2024)


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What is Accelink Technologies Co Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Accelink Technologies Co's current share price is ¥35.31. Accelink Technologies Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥6.63. Accelink Technologies Co's Cyclically Adjusted PB Ratio for today is 5.33.

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

SZSE:002281' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.66   Med: 6.17   Max: 10.17
Current: 5.14

During the past years, Accelink Technologies Co's highest Cyclically Adjusted PB Ratio was 10.17. The lowest was 2.66. And the median was 6.17.

SZSE:002281's Cyclically Adjusted PB Ratio is ranked worse than
78.15% of 682 companies
in the Semiconductors industry
Industry Median: 2.5 vs SZSE:002281: 5.14

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.

Accelink Technologies Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥10.759. 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 ¥6.63 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Accelink Technologies Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Accelink Technologies Co'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.

Accelink Technologies Co Cyclically Adjusted PB Ratio Chart

Accelink Technologies Co 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 7.12 6.28 4.50 2.71 4.42

Accelink Technologies Co 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 4.36 6.08 5.11 4.42 5.81

Competitive Comparison of Accelink Technologies Co's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Accelink Technologies Co'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.


Accelink Technologies Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Accelink Technologies Co 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.

Accelink Technologies Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.31/6.63
=5.33

* 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.

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

For example, Accelink Technologies Co'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)
=10.759/115.2271*115.2271
=10.759

Current CPI (Mar. 2024) = 115.2271.

Accelink Technologies Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.086 98.200 3.621
201409 4.233 98.900 4.932
201412 3.893 99.000 4.531
201503 4.038 99.900 4.658
201506 3.997 99.500 4.629
201509 4.102 100.500 4.703
201512 4.218 100.600 4.831
201603 4.347 102.200 4.901
201606 4.304 101.400 4.891
201609 4.404 102.400 4.956
201612 4.506 102.600 5.061
201703 4.664 103.200 5.208
201706 4.632 103.100 5.177
201709 4.759 104.100 5.268
201712 4.919 104.500 5.424
201803 4.905 105.300 5.367
201806 4.856 104.900 5.334
201809 5.085 106.600 5.497
201812 5.243 106.500 5.673
201903 5.340 107.700 5.713
201906 6.301 107.700 6.741
201909 6.504 109.800 6.825
201912 6.661 111.200 6.902
202003 6.672 112.300 6.846
202006 6.936 110.400 7.239
202009 7.011 111.700 7.232
202012 7.196 111.500 7.437
202103 7.496 112.662 7.667
202106 7.595 111.769 7.830
202109 7.828 112.215 8.038
202112 7.923 113.108 8.071
202203 8.221 114.335 8.285
202206 8.314 114.558 8.363
202209 8.594 115.339 8.586
202212 8.764 115.116 8.772
202303 9.924 115.116 9.934
202306 9.817 114.558 9.874
202309 10.174 115.339 10.164
202312 10.628 114.781 10.669
202403 10.759 115.227 10.759

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.


Accelink Technologies Co  (SZSE:002281) 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.


Accelink Technologies Co Cyclically Adjusted PB Ratio Related Terms

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


Accelink Technologies Co (SZSE:002281) Business Description

Traded in Other Exchanges
N/A
Address
1 Tanhu Road, Canglongdao Development Zone, Jiangxia Dist, Wuhan, CHN, 430205
Accelink Technologies Co Ltd is an optoelectronic device company in China. Its develop optoelectronic devices. Its main products include optical amplifiers, wavelength division multiplexers, optical switches, optical fiber couplers, and optical fiber connectors, among others.

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