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Vivotek (TPE:3454) Cyclically Adjusted PB Ratio : 2.60 (As of Jun. 02, 2025)


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What is Vivotek Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Vivotek's current share price is NT$105.50. Vivotek's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$40.54. Vivotek's Cyclically Adjusted PB Ratio for today is 2.60.

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

TPE:3454' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.09   Med: 3.01   Max: 7.67
Current: 2.73

During the past years, Vivotek's highest Cyclically Adjusted PB Ratio was 7.67. The lowest was 2.09. And the median was 3.01.

TPE:3454's Cyclically Adjusted PB Ratio is ranked worse than
70.03% of 684 companies
in the Business Services industry
Industry Median: 1.535 vs TPE:3454: 2.73

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.

Vivotek's adjusted book value per share data for the three months ended in Mar. 2025 was NT$41.650. 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$40.54 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vivotek Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vivotek'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.

Vivotek Cyclically Adjusted PB Ratio Chart

Vivotek Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.04 2.26 5.42 4.24 2.87

Vivotek Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.73 3.54 3.14 2.87 3.12

Competitive Comparison of Vivotek's Cyclically Adjusted PB Ratio

For the Security & Protection Services subindustry, Vivotek'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.


Vivotek's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Vivotek's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Vivotek 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=105.50/40.54
=2.60

* 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.

Vivotek's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Vivotek's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=41.65/134.9266*134.9266
=41.650

Current CPI (Mar. 2025) = 134.9266.

Vivotek Quarterly Data

Book Value per Share CPI Adj_Book
201506 26.869 100.684 36.007
201509 28.920 100.392 38.869
201512 30.046 99.792 40.624
201603 30.830 100.470 41.403
201606 28.838 101.688 38.264
201609 30.087 101.861 39.854
201612 32.049 101.863 42.452
201703 32.371 102.862 42.462
201706 29.482 103.349 38.490
201709 30.913 104.136 40.053
201712 32.674 104.011 42.386
201803 32.716 105.290 41.925
201806 30.609 106.317 38.846
201809 31.240 106.507 39.576
201812 32.202 105.998 40.990
201903 33.200 107.251 41.767
201906 32.837 108.070 40.998
201909 33.080 108.329 41.202
201912 33.131 108.420 41.231
202003 34.284 108.902 42.477
202006 32.252 108.767 40.009
202009 32.842 109.815 40.352
202012 33.500 109.897 41.130
202103 33.935 111.754 40.971
202106 32.979 114.631 38.818
202109 32.717 115.734 38.142
202112 33.554 117.630 38.488
202203 34.869 121.301 38.786
202206 35.196 125.017 37.986
202209 38.091 125.227 41.042
202212 40.768 125.222 43.928
202303 42.245 127.348 44.759
202306 38.327 128.729 40.172
202309 40.206 129.860 41.775
202312 40.904 129.419 42.645
202403 41.152 131.776 42.136
202406 37.721 132.554 38.396
202409 38.722 133.029 39.274
202412 40.893 133.157 41.436
202503 41.650 134.927 41.650

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.


Vivotek  (TPE:3454) 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.


Vivotek Cyclically Adjusted PB Ratio Related Terms

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


Vivotek Business Description

Industry
Traded in Other Exchanges
N/A
Address
6th Floor, No. 192, Lien-Cheng Road, Chung-Ho District, New Taipei City, Taipei, TWN, 23553
Vivotek Inc is engaged in manufacturing and sales of video compression software and encoding, network video servers, network cameras and relate components. Its product portfolio includes Network Cameras, Video Servers, Video Receivers, AI Box, NVR, CMS Station, Software, Cloud Service, PoE Network Products, and Accessories. The company's solutions include License Plate Recognition, Facial Recognition, Crowd Control Solution, SMB, Retail, Transportation, Panoramic Surveillance, and Cloud-based Surveillance. The Group's operating segments are segregated into Vivotek OBM business, Vivotek ODM business, Vatics and Vivotek USA.

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