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Aspeed Technology (ROCO:5274) Cyclically Adjusted PB Ratio : 65.67 (As of Jun. 16, 2024)


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What is Aspeed Technology Cyclically Adjusted PB Ratio?

As of today (2024-06-16), Aspeed Technology's current share price is NT$4740.00. Aspeed Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$72.18. Aspeed Technology's Cyclically Adjusted PB Ratio for today is 65.67.

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

ROCO:5274' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 26.49   Med: 43.17   Max: 69.09
Current: 65.67

During the past years, Aspeed Technology's highest Cyclically Adjusted PB Ratio was 69.09. The lowest was 26.49. And the median was 43.17.

ROCO:5274's Cyclically Adjusted PB Ratio is ranked worse than
99.13% of 688 companies
in the Semiconductors industry
Industry Median: 2.58 vs ROCO:5274: 65.67

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.

Aspeed Technology's adjusted book value per share data for the three months ended in Mar. 2024 was NT$91.937. 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$72.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aspeed Technology Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Aspeed 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.

Aspeed Technology Cyclically Adjusted PB Ratio Chart

Aspeed Technology 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 - 37.55 65.19 27.78 44.99

Aspeed Technology 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 41.70 43.55 40.84 44.99 46.00

Competitive Comparison of Aspeed Technology's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Aspeed 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.


Aspeed Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Aspeed 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4740.00/72.18
=65.67

* 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.

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

For example, Aspeed Technology'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)
=91.937/131.7762*131.7762
=91.937

Current CPI (Mar. 2024) = 131.7762.

Aspeed Technology Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.289 100.560 26.587
201409 22.432 100.428 29.434
201412 24.797 99.070 32.983
201503 27.182 99.621 35.956
201506 24.611 100.684 32.211
201509 27.938 100.392 36.672
201512 30.290 99.792 39.998
201603 34.134 100.470 44.770
201606 29.553 101.688 38.297
201609 32.815 101.861 42.452
201612 51.075 101.863 66.074
201703 55.088 102.862 70.573
201706 47.459 103.349 60.513
201709 51.745 104.136 65.480
201712 55.663 104.011 70.522
201803 60.791 105.290 76.084
201806 52.369 106.317 64.910
201809 57.527 106.507 71.176
201812 62.152 105.998 77.267
201903 69.142 107.251 84.953
201906 57.700 108.070 70.357
201909 63.747 108.329 77.544
201912 70.032 108.420 85.118
202003 58.361 108.902 70.620
202006 67.128 108.767 81.328
202009 73.284 109.815 87.940
202012 79.563 109.897 95.403
202103 65.458 111.754 77.185
202106 73.517 114.631 84.513
202109 82.622 115.734 94.074
202112 93.800 117.630 105.081
202203 78.062 121.301 84.803
202206 102.253 125.017 107.782
202209 108.859 125.227 114.553
202212 118.658 125.222 124.869
202303 78.934 127.348 81.679
202306 85.669 128.729 87.697
202309 93.094 129.860 94.468
202312 101.378 129.419 103.224
202403 91.937 131.776 91.937

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.


Aspeed Technology  (ROCO:5274) 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.


Aspeed Technology Cyclically Adjusted PB Ratio Related Terms

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


Aspeed Technology (ROCO:5274) Business Description

Traded in Other Exchanges
N/A
Address
Gongdao 5th Road, Section 3, 4th Floor, No. 1, East District, Hsinchu, TWN
Aspeed Technology Inc. is an IC-design house in Server Management, PC/ AV extensions solution, Desktop Virtualization and security enhancement. The company is engaged in manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum revenue from Multimedia Integrated Circuits (ICs) segment.

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