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Qisda (TPE:2352) Cyclically Adjusted PB Ratio : 2.06 (As of May. 14, 2024)


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What is Qisda Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Qisda's current share price is NT$39.90. Qisda's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$19.41. Qisda's Cyclically Adjusted PB Ratio for today is 2.06.

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

TPE:2352' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 1.71   Max: 2.84
Current: 2.07

During the past years, Qisda's highest Cyclically Adjusted PB Ratio was 2.84. The lowest was 1.00. And the median was 1.71.

TPE:2352's Cyclically Adjusted PB Ratio is ranked worse than
58.68% of 1861 companies
in the Hardware industry
Industry Median: 1.65 vs TPE:2352: 2.07

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.

Qisda's adjusted book value per share data for the three months ended in Mar. 2024 was NT$18.549. 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$19.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qisda Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Qisda'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.

Qisda Cyclically Adjusted PB Ratio Chart

Qisda 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 1.49 1.96 1.86 1.56 2.48

Qisda 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 1.71 2.42 2.32 2.48 2.30

Competitive Comparison of Qisda's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, Qisda'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.


Qisda's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Qisda 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.

Qisda's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.90/19.41
=2.06

* 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.

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

For example, Qisda'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)
=18.549/129.4194*129.4194
=18.549

Current CPI (Mar. 2024) = 129.4194.

Qisda Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.839 100.560 15.237
201409 12.621 100.428 16.264
201412 13.366 99.070 17.461
201503 13.627 99.621 17.703
201506 12.872 100.684 16.546
201509 13.650 100.392 17.597
201512 13.866 99.792 17.983
201603 13.951 100.470 17.971
201606 13.746 101.688 17.495
201609 14.140 101.861 17.966
201612 15.004 101.863 19.063
201703 15.029 102.862 18.909
201706 14.568 103.349 18.243
201709 15.281 104.136 18.991
201712 15.741 104.011 19.586
201803 16.117 105.290 19.811
201806 15.485 106.317 18.850
201809 15.920 106.507 19.345
201812 16.498 105.998 20.143
201903 17.166 107.251 20.714
201906 16.896 108.070 20.234
201909 17.262 108.329 20.623
201912 17.259 108.420 20.602
202003 17.088 108.902 20.308
202006 16.686 108.767 19.854
202009 17.672 109.815 20.827
202012 18.317 109.897 21.571
202103 19.821 111.754 22.954
202106 19.409 114.631 21.913
202109 18.375 115.734 20.548
202112 21.078 117.630 23.191
202203 18.323 121.301 19.549
202206 17.498 125.017 18.114
202209 20.882 125.227 21.581
202212 20.707 125.222 21.401
202303 20.025 127.348 20.351
202306 20.636 128.729 20.747
202309 18.915 129.860 18.851
202312 18.842 129.419 18.842
202403 18.549 129.419 18.549

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.


Qisda  (TPE:2352) 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.


Qisda Cyclically Adjusted PB Ratio Related Terms

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


Qisda (TPE:2352) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 157, Shan-Ying Road, Gueishan, Taoyuan, TWN, 333
Qisda Corp is a Taiwan-based original equipment manufacturer of electronic products for use in consumer, commercial, medical, and industrial applications. Its products include LCD monitors, all-in-one PCs, digital signage and professional displays, projectors, scanners, multifunctional printers, smartphones, medical gateways, automobile infotainment devices, and tablets. The company's segment includes DMS; Brand; Material; Medical and Networks. It generates maximum revenue from the DMS segment.

Qisda (TPE:2352) Headlines

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