Shuttle (TPE:2405) Cyclically Adjusted PB Ratio : 1.63 (As of Jun. 20, 2024)

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What is Shuttle Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Shuttle's current share price is NT$20.45. Shuttle's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$12.54. Shuttle's Cyclically Adjusted PB Ratio for today is 1.63.

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

TPE:2405' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 1.02 Max: 1.7
Current: 1.65

During the past years, Shuttle's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 0.58. And the median was 1.02.

TPE:2405's Cyclically Adjusted PB Ratio is ranked better than
50.42% of 1902 companies
in the Hardware industry
Industry Median: 1.67 vs TPE:2405: 1.65

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.

Shuttle's adjusted book value per share data for the three months ended in Mar. 2024 was NT$10.892. 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$12.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Shuttle Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Shuttle'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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Shuttle Cyclically Adjusted PB Ratio Chart

Shuttle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.05

1.14

1.68

0.92

1.46

Shuttle 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															0.97	1.16	1.29	1.46	1.52

Competitive Comparison of Shuttle's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, Shuttle'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.

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

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

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

Shuttle 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.

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

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	20.45	/	12.54
	=	1.63

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

For example, Shuttle'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)
	=	10.892	/	131.7762	*	131.7762
	=	10.892

Current CPI (Mar. 2024) = 131.7762.

Shuttle Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	11.449	100.560	15.003
201409	11.128	100.428	14.602
201412	11.433	99.070	15.207
201503	11.281	99.621	14.922
201506	10.631	100.684	13.914
201509	11.326	100.392	14.867
201512	11.351	99.792	14.989
201603	10.673	100.470	13.999
201606	10.636	101.688	13.783
201609	10.777	101.861	13.942
201612	10.717	101.863	13.864
201703	10.340	102.862	13.247
201706	10.398	103.349	13.258
201709	10.271	104.136	12.997
201712	10.116	104.011	12.816
201803	10.027	105.290	12.549
201806	10.171	106.317	12.607
201809	10.069	106.507	12.458
201812	9.810	105.998	12.196
201903	9.717	107.251	11.939
201906	9.676	108.070	11.799
201909	9.780	108.329	11.897
201912	9.745	108.420	11.844
202003	9.598	108.902	11.614
202006	9.743	108.767	11.804
202009	9.671	109.815	11.605
202012	9.931	109.897	11.908
202103	9.934	111.754	11.714
202106	9.864	114.631	11.339
202109	9.874	115.734	11.243
202112	10.467	117.630	11.726
202203	10.497	121.301	11.403
202206	10.566	125.017	11.137
202209	10.732	125.227	11.293
202212	10.691	125.222	11.251
202303	10.792	127.348	11.167
202306	10.690	128.729	10.943
202309	10.680	129.860	10.838
202312	10.683	129.419	10.878
202403	10.892	131.776	10.892

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.

Shuttle (TPE:2405) 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.

Shuttle Cyclically Adjusted PB Ratio Related Terms

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

Shuttle (TPE:2405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shuttle Inc (TPE:2405) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 30, Lane 76, Rei-Kuang Road, Taipei, TWN

Website

https://www.shuttle.com

Shuttle Inc operates in the Information technology sector. The Company is engaged in manufacturing and selling laptops, barebones, mainboards, and other computer peripherals, as well as providing related technical services.

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