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Zinwell (TPE:2485) Cyclically Adjusted PB Ratio : 0.71 (As of Sep. 25, 2024)


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What is Zinwell Cyclically Adjusted PB Ratio?

As of today (2024-09-25), Zinwell's current share price is NT$17.90. Zinwell's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was NT$25.25. Zinwell's Cyclically Adjusted PB Ratio for today is 0.71.

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

TPE:2485' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.79   Max: 1.15
Current: 0.7

During the past years, Zinwell's highest Cyclically Adjusted PB Ratio was 1.15. The lowest was 0.52. And the median was 0.79.

TPE:2485's Cyclically Adjusted PB Ratio is ranked better than
81.97% of 1664 companies
in the Hardware industry
Industry Median: 1.75 vs TPE:2485: 0.70

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.

Zinwell's adjusted book value per share data for the three months ended in Jun. 2024 was NT$18.597. 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$25.25 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zinwell Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zinwell'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.

Zinwell Cyclically Adjusted PB Ratio Chart

Zinwell 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 0.88 0.85 0.90 0.68 0.87

Zinwell Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.83 0.95 0.87 0.83 0.84

Competitive Comparison of Zinwell's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Zinwell'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.


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

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

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



Zinwell 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.90/25.25
=0.71

* 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.

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

For example, Zinwell's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=18.597/132.5538*132.5538
=18.597

Current CPI (Jun. 2024) = 132.5538.

Zinwell Quarterly Data

Book Value per Share CPI Adj_Book
201409 21.628 100.428 28.547
201412 22.371 99.070 29.932
201503 22.593 99.621 30.062
201506 21.408 100.684 28.184
201509 22.688 100.392 29.957
201512 23.430 99.792 31.122
201603 24.116 100.470 31.817
201606 22.374 101.688 29.165
201609 22.425 101.861 29.182
201612 22.769 101.863 29.629
201703 22.179 102.862 28.581
201706 21.123 103.349 27.092
201709 21.379 104.136 27.213
201712 21.395 104.011 27.266
201803 21.165 105.290 26.646
201806 21.222 106.317 26.459
201809 21.356 106.507 26.579
201812 21.829 105.998 27.298
201903 21.765 107.251 26.900
201906 21.445 108.070 26.304
201909 21.195 108.329 25.935
201912 20.775 108.420 25.399
202003 20.753 108.902 25.260
202006 20.685 108.767 25.209
202009 20.644 109.815 24.919
202012 20.351 109.897 24.547
202103 20.100 111.754 23.841
202106 19.640 114.631 22.711
202109 19.700 115.734 22.563
202112 19.399 117.630 21.860
202203 19.290 121.301 21.079
202206 19.188 125.017 20.345
202209 19.480 125.227 20.620
202212 19.490 125.222 20.631
202303 19.317 127.348 20.107
202306 19.340 128.729 19.915
202309 19.640 129.860 20.047
202312 19.125 129.419 19.588
202403 18.855 131.776 18.966
202406 18.597 132.554 18.597

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.


Zinwell  (TPE:2485) 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.


Zinwell Cyclically Adjusted PB Ratio Related Terms

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


Zinwell Business Description

Industry
Traded in Other Exchanges
N/A
Address
7F, No. 512, Yuanshan Road, Zhonghe District, Taipei, TWN, 235
Zinwell Corp is a Taiwanese manufacturer of telecommunications equipment including digital cable, satellite, terrestrial receiving, broadcast and broadband communication, and wireless equipment. Its G.Fast products, including the Wi-Fi Broadband Router and Distribution Point Units, delivers reliable broadband connections on fiber installed close to customer premises. Its products are sold in Taiwan and countries across the world.

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