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Ali (TPE:3041) Cyclically Adjusted PB Ratio : 0.83 (As of May. 26, 2024)


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What is Ali Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Ali's current share price is NT$21.10. Ali's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$25.37. Ali's Cyclically Adjusted PB Ratio for today is 0.83.

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

TPE:3041' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.86   Max: 1.51
Current: 0.83

During the past years, Ali's highest Cyclically Adjusted PB Ratio was 1.51. The lowest was 0.43. And the median was 0.86.

TPE:3041's Cyclically Adjusted PB Ratio is ranked better than
84.21% of 684 companies
in the Semiconductors industry
Industry Median: 2.505 vs TPE:3041: 0.83

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.

Ali's adjusted book value per share data for the three months ended in Mar. 2024 was NT$7.635. 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$25.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ali Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ali'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.

Ali Cyclically Adjusted PB Ratio Chart

Ali 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 0.63 1.13 1.51 0.75 1.21

Ali 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 0.79 0.71 0.66 1.21 0.93

Competitive Comparison of Ali's Cyclically Adjusted PB Ratio

For the Semiconductor Equipment & Materials subindustry, Ali'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.


Ali's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Ali 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.10/25.37
=0.83

* 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.

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

For example, Ali'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)
=7.635/131.7762*131.7762
=7.635

Current CPI (Mar. 2024) = 131.7762.

Ali Quarterly Data

Book Value per Share CPI Adj_Book
201406 28.047 100.560 36.754
201409 29.543 100.428 38.765
201412 29.918 99.070 39.795
201503 30.028 99.621 39.720
201506 28.222 100.684 36.937
201509 28.654 100.392 37.612
201512 28.619 99.792 37.791
201603 28.535 100.470 37.426
201606 28.064 101.688 36.368
201609 27.314 101.861 35.336
201612 25.823 101.863 33.406
201703 24.720 102.862 31.669
201706 24.065 103.349 30.684
201709 23.619 104.136 29.888
201712 23.387 104.011 29.630
201803 22.918 105.290 28.683
201806 21.968 106.317 27.229
201809 20.794 106.507 25.728
201812 19.305 105.998 24.000
201903 19.026 107.251 23.377
201906 18.377 108.070 22.408
201909 17.971 108.329 21.861
201912 17.575 108.420 21.361
202003 17.429 108.902 21.090
202006 17.032 108.767 20.635
202009 16.584 109.815 19.901
202012 16.343 109.897 19.597
202103 16.092 111.754 18.975
202106 16.015 114.631 18.410
202109 16.125 115.734 18.360
202112 16.267 117.630 18.223
202203 16.352 121.301 17.764
202206 16.939 125.017 17.855
202209 16.925 125.227 17.810
202212 16.897 125.222 17.781
202303 16.300 127.348 16.867
202306 14.775 128.729 15.125
202309 13.616 129.860 13.817
202312 8.322 129.419 8.474
202403 7.635 131.776 7.635

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.


Ali  (TPE:3041) 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.


Ali Cyclically Adjusted PB Ratio Related Terms

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


Ali (TPE:3041) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5f, No. 246 Neihu Road, Sec. 1, Taipei, TWN, 114
Ali Corp operates in the semiconductor industry. The company is mainly engaged in in the research, development, design and sales of chipsets for communication, consumer and multimedia products and a range of application-specific integrated circuits. The majority of revenue is derived from the sale of goods. Geographically, it operates in Hong Kong, Mainland China, Korea, Taiwan, France, Singapore and Others, out of which the majority is from Hong Kong.

Ali (TPE:3041) Headlines

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