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Asiainfo-Linkage, (FRA:AFB) Cyclically Adjusted PB Ratio : (As of Jun. 06, 2024)


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What is Asiainfo-Linkage, Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Asiainfo-Linkage, Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Asiainfo-Linkage,'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.

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Asiainfo-Linkage, Cyclically Adjusted PB Ratio Chart

Asiainfo-Linkage, Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted PB Ratio
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Asiainfo-Linkage, Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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Competitive Comparison of Asiainfo-Linkage,'s Cyclically Adjusted PB Ratio

For the Software - Application subindustry, Asiainfo-Linkage,'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.


Asiainfo-Linkage,'s Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Asiainfo-Linkage,'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Asiainfo-Linkage,'s Cyclically Adjusted PB Ratio falls into.



Asiainfo-Linkage, 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.

Asiainfo-Linkage,'s Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2013 is calculated as:

For example, Asiainfo-Linkage,'s adjusted Book Value per Share data for the three months ended in Sep. 2013 was:

Adj_Book=Book Value per Share/CPI of Sep. 2013 (Change)*Current CPI (Sep. 2013)
=7.961/97.3319*97.3319
=7.961

Current CPI (Sep. 2013) = 97.3319.

Asiainfo-Linkage, Quarterly Data

Book Value per Share CPI Adj_Book
200312 3.384 72.808 4.524
200403 3.268 73.682 4.317
200406 3.366 73.459 4.460
200409 3.447 74.637 4.495
200412 2.245 74.488 2.934
200503 2.795 75.597 3.599
200506 3.050 74.618 3.978
200509 3.570 75.290 4.615
200512 3.061 75.666 3.937
200603 2.892 76.340 3.687
200606 2.740 76.034 3.508
200609 2.871 76.413 3.657
200612 2.813 77.793 3.520
200703 2.888 78.884 3.563
200706 2.963 79.357 3.634
200709 3.024 81.276 3.621
200712 3.077 82.911 3.612
200803 2.930 85.485 3.336
200806 2.986 85.058 3.417
200809 3.261 85.057 3.732
200812 3.396 83.956 3.937
200903 3.697 84.457 4.261
200906 3.708 83.615 4.316
200909 3.725 84.369 4.297
200912 3.952 85.386 4.505
201003 4.462 86.316 5.031
201006 5.215 85.886 5.910
201009 9.347 87.267 10.425
201012 9.375 89.289 10.219
201103 9.022 91.154 9.633
201106 8.826 91.612 9.377
201109 9.633 92.711 10.113
201112 10.234 92.885 10.724
201203 10.277 94.367 10.600
201206 10.883 93.495 11.330
201209 10.634 94.482 10.955
201212 10.670 95.237 10.905
201303 11.004 96.372 11.114
201306 7.946 95.984 8.058
201309 7.961 97.332 7.961

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.


Asiainfo-Linkage,  (FRA:AFB) 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.


Asiainfo-Linkage, Cyclically Adjusted PB Ratio Related Terms

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Asiainfo-Linkage, (FRA:AFB) Business Description

Industry
Traded in Other Exchanges
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Address
Asiainfo-Linkage, Inc, a Delaware corporation, commenced operations in the United States in 1993. The Company is a provider of telecommunications software solutions and information technology, or IT, related services in China. It also provides variety of services including business operational consulting service, IT architecture planning service, system integration services based on its own products and other third party software and hardware, change of request implementation, maintenance on customer premise and management services. The Company's suite of innovative solutions includes business and operation support systems, network infrastructure solutions, and service application solutions. The products and services it offers to the telecommunications industry include various software product suites, most of which are designed with open architecture to facilitate further development and customization for specific purposes. The Company's core BSS/OSS offering primarily includes convergent billing solutions, CRM and BI systems. It also provides software enhancement and maintenance services for the systems it develop, as well as system integration and other value-added IT consulting and planning services. Its OSS Package is a highly comprehensive and intelligent service fulfilment framework based on OSS fulfilment domain definition in eTOM model and OSS specifications of telecom operators. In OSS Package, process analysis methodology and project implementation methodology enables a rapid implementation of telecom service fulfilment system. It provides process analysis methodology, project implementation methodology, inventory data model, interface integration framework and built-in inventory management templates. Its network management solutions include network access and backbone infrastructure planning, design and implementation for telecommunications and Internet service providers. These services include technical training for its customers, as well as professional maintenance and support services. The Company designs and provides a series of service applications that enable telecommunications operators and service providers to offer value-added services, such as Short Message Service, or SMS, mobile email, mobile entertainment and mobile e-commerce. These applications often involve licensed third-party software that it's customizes or integrate with its proprietary software to provide individualized solutions. The Company's software and services enable its customers to build, maintain, operate, manage and improve their communications infrastructure. Its largest customers are the major telecommunications carriers in China and their provincial subsidiaries, including China Mobile Communications Corporation, or China Mobile, China United Telecommunications Corporation, or China Unicom, and China Telecommunications Corporation, or China Telecom. The Company relies on its own sales force to market and sell its products and services