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Universal Microwave Technology (ROCO:3491) Cyclically Adjusted PB Ratio : 8.55 (As of Jun. 03, 2025)


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What is Universal Microwave Technology Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Universal Microwave Technology's current share price is NT$312.50. Universal Microwave Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$36.54. Universal Microwave Technology's Cyclically Adjusted PB Ratio for today is 8.55.

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

ROCO:3491' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.17   Med: 4.43   Max: 13.53
Current: 9.17

During the past years, Universal Microwave Technology's highest Cyclically Adjusted PB Ratio was 13.53. The lowest was 2.17. And the median was 4.43.

ROCO:3491's Cyclically Adjusted PB Ratio is ranked worse than
94.33% of 1924 companies
in the Hardware industry
Industry Median: 1.66 vs ROCO:3491: 9.17

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.

Universal Microwave Technology's adjusted book value per share data for the three months ended in Mar. 2025 was NT$38.026. 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$36.54 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Universal Microwave Technology Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Universal Microwave Technology'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.

Universal Microwave Technology Cyclically Adjusted PB Ratio Chart

Universal Microwave Technology Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.54 6.91 4.01 4.67 9.10

Universal Microwave Technology Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.47 8.11 9.03 9.10 10.62

Competitive Comparison of Universal Microwave Technology's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Universal Microwave Technology'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.


Universal Microwave Technology's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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Universal Microwave Technology 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.

Universal Microwave Technology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=312.50/36.54
=8.55

* 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.

Universal Microwave Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Universal Microwave Technology's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=38.026/134.9266*134.9266
=38.026

Current CPI (Mar. 2025) = 134.9266.

Universal Microwave Technology Quarterly Data

Book Value per Share CPI Adj_Book
201506 25.483 100.684 34.150
201509 27.198 100.392 36.554
201512 28.042 99.792 37.915
201603 28.585 100.470 38.388
201606 25.387 101.688 33.685
201609 26.089 101.861 34.558
201612 27.579 101.863 36.531
201703 28.337 102.862 37.170
201706 26.176 103.349 34.174
201709 26.895 104.136 34.847
201712 27.205 104.011 35.291
201803 31.026 105.290 39.759
201806 28.935 106.317 36.721
201809 29.594 106.507 37.491
201812 30.876 105.998 39.303
201903 32.054 107.251 40.326
201906 30.296 108.070 37.825
201909 31.518 108.329 39.256
201912 32.312 108.420 40.212
202003 32.050 108.902 39.709
202006 29.746 108.767 36.900
202009 30.318 109.815 37.251
202012 30.903 109.897 37.941
202103 31.290 111.754 37.778
202106 32.108 114.631 37.793
202109 30.518 115.734 35.579
202112 32.049 117.630 36.762
202203 32.934 121.301 36.633
202206 29.733 125.017 32.090
202209 31.098 125.227 33.507
202212 31.664 125.222 34.118
202303 0.000 127.348 0.000
202306 30.588 128.729 32.061
202309 31.786 129.860 33.026
202312 32.707 129.419 34.099
202403 31.474 131.776 32.226
202406 34.577 132.554 35.196
202409 40.779 133.029 41.361
202412 38.350 133.157 38.860
202503 38.026 134.927 38.026

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.


Universal Microwave Technology  (ROCO:3491) 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.


Universal Microwave Technology Cyclically Adjusted PB Ratio Related Terms

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


Universal Microwave Technology Business Description

Traded in Other Exchanges
N/A
Address
No 1 Gongjian Road, Qidu District, Keelung, TWN, 206
Universal Microwave Technology Inc manufactures electronic components and wholesale electronic materials. It is engaged in the designing, developing, and manufacturing of custom microwave/ mm-wave devices and antennas for broadband wireless communications such as Point-to-Point, Cellular, VSAT, WiMax, and LTE. The firm's operating segments are divided into the Microwave/Millimeter-wave product division, which is also its key revenue-generating segment, the Radio frequency product division, and the Communication network engineering services division. Geographically, the company generates a majority of its revenue from America, followed by Asia (excluding Taiwan), Europe, Taiwan, China, and other regions.

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