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Chang Wah Technology Co (ROCO:6548) Cyclically Adjusted PB Ratio : 4.64 (As of Jan. 18, 2025)


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What is Chang Wah Technology Co Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Chang Wah Technology Co's current share price is NT$33.35. Chang Wah Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was NT$7.18. Chang Wah Technology Co's Cyclically Adjusted PB Ratio for today is 4.64.

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

ROCO:6548' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.59   Med: 5.48   Max: 6.45
Current: 4.59

During the past years, Chang Wah Technology Co's highest Cyclically Adjusted PB Ratio was 6.45. The lowest was 4.59. And the median was 5.48.

ROCO:6548's Cyclically Adjusted PB Ratio is ranked worse than
71.25% of 567 companies
in the Semiconductors industry
Industry Median: 2.41 vs ROCO:6548: 4.59

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.

Chang Wah Technology Co's adjusted book value per share data for the three months ended in Sep. 2024 was NT$12.261. 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$7.18 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chang Wah Technology Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chang Wah Technology 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.

* Premium members only.

Chang Wah Technology Co Cyclically Adjusted PB Ratio Chart

Chang Wah Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Chang Wah Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - 5.10 5.53 5.45

Competitive Comparison of Chang Wah Technology Co's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Chang Wah Technology 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.


Chang Wah Technology Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Chang Wah Technology 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.

Chang Wah Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.35/7.18
=4.64

* 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.

Chang Wah Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Chang Wah Technology Co's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=12.261/133.0289*133.0289
=12.261

Current CPI (Sep. 2024) = 133.0289.

Chang Wah Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 1.683 99.070 2.260
201503 0.000 99.621 0.000
201506 1.140 100.684 1.506
201509 0.000 100.392 0.000
201512 1.199 99.792 1.598
201603 1.233 100.470 1.633
201606 1.130 101.688 1.478
201609 1.499 101.861 1.958
201612 2.964 101.863 3.871
201703 3.037 102.862 3.928
201706 3.098 103.349 3.988
201709 3.318 104.136 4.239
201712 5.610 104.011 7.175
201803 5.769 105.290 7.289
201806 5.519 106.317 6.906
201809 5.572 106.507 6.960
201812 5.773 105.998 7.245
201903 5.958 107.251 7.390
201906 5.455 108.070 6.715
201909 5.613 108.329 6.893
201912 5.554 108.420 6.815
202003 5.278 108.902 6.447
202006 5.554 108.767 6.793
202009 5.851 109.815 7.088
202012 6.009 109.897 7.274
202103 6.049 111.754 7.201
202106 6.304 114.631 7.316
202109 7.427 115.734 8.537
202112 9.323 117.630 10.544
202203 9.206 121.301 10.096
202206 9.859 125.017 10.491
202209 10.877 125.227 11.555
202212 10.421 125.222 11.071
202303 10.330 127.348 10.791
202306 10.509 128.729 10.860
202309 10.658 129.860 10.918
202312 10.503 129.419 10.796
202403 11.074 131.776 11.179
202406 11.664 132.554 11.706
202409 12.261 133.029 12.261

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.


Chang Wah Technology Co  (ROCO:6548) 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.


Chang Wah Technology Co Cyclically Adjusted PB Ratio Related Terms

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


Chang Wah Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No.24, Kai-Fa Road, Nan-Tze Export Processing Zone, Kaohsiung, TWN, 811
Chang Wah Technology Co Ltd is a Taiwan-based frame manufacturer. The Company is mainly engaged in the development and production of LED Lead frames and molding compound material. It focuses on the manufacture of electronic products and electronic components and retail and wholesale of electronic components and machinery business. It provides products such as IC-Leaded Leadframe, IC-Non-Lead Leadframe, IC-Particular Surface Treatment, EMC, and Pre-Mold.

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