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Acer (ACEYY) Cyclically Adjusted PB Ratio : 1.90 (As of May. 21, 2024)


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What is Acer Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Acer's current share price is $5.15. Acer's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.71. Acer's Cyclically Adjusted PB Ratio for today is 1.90.

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

ACEYY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.04   Max: 2.21
Current: 1.96

During the past years, Acer's highest Cyclically Adjusted PB Ratio was 2.21. The lowest was 0.56. And the median was 1.04.

ACEYY's Cyclically Adjusted PB Ratio is ranked worse than
56.58% of 1868 companies
in the Hardware industry
Industry Median: 1.645 vs ACEYY: 1.96

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.

Acer's adjusted book value per share data for the three months ended in Mar. 2024 was $3.869. 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 $2.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Acer Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Acer'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.

Acer Cyclically Adjusted PB Ratio Chart

Acer 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 0.72 0.98 1.26 0.97 2.22

Acer 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 1.16 1.29 1.49 2.22 1.90

Competitive Comparison of Acer's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, Acer'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.


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

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

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



Acer 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.15/2.71
=1.90

* 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.

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

For example, Acer'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)
=3.869/131.7762*131.7762
=3.869

Current CPI (Mar. 2024) = 131.7762.

Acer Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.408 100.560 4.466
201409 3.423 100.428 4.491
201412 3.508 99.070 4.666
201503 3.354 99.621 4.437
201506 3.383 100.684 4.428
201509 3.349 100.392 4.396
201512 3.318 99.792 4.381
201603 3.309 100.470 4.340
201606 3.268 101.688 4.235
201609 3.287 101.861 4.252
201612 2.978 101.863 3.853
201703 2.965 102.862 3.798
201706 3.029 103.349 3.862
201709 3.114 104.136 3.941
201712 3.162 104.011 4.006
201803 3.248 105.290 4.065
201806 3.151 106.317 3.906
201809 3.102 106.507 3.838
201812 3.125 105.998 3.885
201903 3.176 107.251 3.902
201906 3.059 108.070 3.730
201909 3.103 108.329 3.775
201912 3.156 108.420 3.836
202003 3.000 108.902 3.630
202006 3.128 108.767 3.790
202009 3.281 109.815 3.937
202012 3.562 109.897 4.271
202103 3.452 111.754 4.070
202106 3.594 114.631 4.132
202109 3.695 115.734 4.207
202112 3.823 117.630 4.283
202203 3.566 121.301 3.874
202206 3.508 125.017 3.698
202209 3.545 125.227 3.730
202212 3.584 125.222 3.772
202303 3.446 127.348 3.566
202306 3.811 128.729 3.901
202309 3.921 129.860 3.979
202312 3.977 129.419 4.049
202403 3.869 131.776 3.869

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.


Acer  (OTCPK:ACEYY) 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.


Acer Cyclically Adjusted PB Ratio Related Terms

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


Acer (ACEYY) Business Description

Industry
Traded in Other Exchanges
Address
No. 369, Fuxing North Road, Songshan District, Taipei, TWN, 105
Acer Inc is a hardware and electronics company specializing in advanced electronics technology. Its products are sold under three brands: Acer, Gateway, and Packard Bell. It include desktop PCs, clamshell laptops, 2-in-1 laptops, convertible laptops, Chromebooks, tablets, servers, storage devices, virtual reality devices, displays, smartphones, and peripherals. A large majority of the firm's revenue is derived from personal computers and the rest from peripherals and other products. The firm generates revenue in the Americas, Mainland China, Taiwan, and other countries across the world.