Hi Sharp Electronics Co (ROCO:3128) Cyclically Adjusted PB Ratio : 1.82 (As of Jun. 20, 2024)

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What is Hi Sharp Electronics Co Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Hi Sharp Electronics Co's current share price is NT$30.20. Hi Sharp Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$16.60. Hi Sharp Electronics Co's Cyclically Adjusted PB Ratio for today is 1.82.

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

ROCO:3128' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71 Med: 1.33 Max: 3.2
Current: 1.8

During the past years, Hi Sharp Electronics Co's highest Cyclically Adjusted PB Ratio was 3.20. The lowest was 0.71. And the median was 1.33.

ROCO:3128's Cyclically Adjusted PB Ratio is ranked worse than
55.36% of 690 companies
in the Business Services industry
Industry Median: 1.555 vs ROCO:3128: 1.80

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.

Hi Sharp Electronics Co's adjusted book value per share data for the three months ended in Mar. 2024 was NT$15.375. 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 NT$16.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Hi Sharp Electronics Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hi Sharp Electronics 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.

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Hi Sharp Electronics Co Cyclically Adjusted PB Ratio Chart

Hi Sharp Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.87

1.04

1.48

2.56

1.84

Hi Sharp Electronics 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															2.54	2.76	1.79	1.84	1.91

Competitive Comparison of Hi Sharp Electronics Co's Cyclically Adjusted PB Ratio

For the Security & Protection Services subindustry, Hi Sharp Electronics 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.

Hi Sharp Electronics Co's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hi Sharp Electronics Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hi Sharp Electronics Co's Cyclically Adjusted PB Ratio falls into.

Hi Sharp Electronics 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.

Hi Sharp Electronics Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	30.20	/	16.6
	=	1.82

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

For example, Hi Sharp Electronics 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)
	=	15.375	/	131.7762	*	131.7762
	=	15.375

Current CPI (Mar. 2024) = 131.7762.

Hi Sharp Electronics Co Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	13.962	100.560	18.296
201409	13.753	100.428	18.046
201412	13.633	99.070	18.134
201503	13.391	99.621	17.713
201506	13.525	100.684	17.702
201509	13.524	100.392	17.752
201512	13.577	99.792	17.928
201603	13.592	100.470	17.827
201606	13.679	101.688	17.726
201609	13.630	101.861	17.633
201612	13.653	101.863	17.662
201703	13.508	102.862	17.305
201706	13.179	103.349	16.804
201709	13.239	104.136	16.753
201712	13.582	104.011	17.208
201803	13.712	105.290	17.161
201806	13.395	106.317	16.603
201809	13.448	106.507	16.639
201812	13.551	105.998	16.847
201903	13.725	107.251	16.864
201906	13.283	108.070	16.197
201909	13.484	108.329	16.402
201912	13.619	108.420	16.553
202003	13.777	108.902	16.671
202006	13.421	108.767	16.260
202009	13.477	109.815	16.172
202012	13.736	109.897	16.471
202103	13.900	111.754	16.390
202106	14.057	114.631	16.159
202109	13.688	115.734	15.585
202112	13.874	117.630	15.543
202203	14.116	121.301	15.335
202206	13.614	125.017	14.350
202209	14.136	125.227	14.875
202212	14.902	125.222	15.682
202303	15.205	127.348	15.734
202306	14.569	128.729	14.914
202309	14.930	129.860	15.150
202312	15.194	129.419	15.471
202403	15.375	131.776	15.375

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.

Hi Sharp Electronics Co (ROCO:3128) 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.

Hi Sharp Electronics Co Cyclically Adjusted PB Ratio Related Terms

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

Hi Sharp Electronics Co (ROCO:3128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hi Sharp Electronics Co Ltd (ROCO:3128) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 673, Chang Shing Road, Bade Dist, Taoyuan, TWN, 33452

Website

http://www.hisharp.com

Hi Sharp Electronics Co Ltd is a Taiwan based company engages in the manufacture and sale of electronic surveillance products. Its products include liquid crystal display, camera, digital video recorder, video server, and car safety system.

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