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Lotes Co (TPE:3533) Cyclically Adjusted PB Ratio : 11.10 (As of Jun. 08, 2024)


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What is Lotes Co Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Lotes Co's current share price is NT$1580.00. Lotes Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$142.38. Lotes Co's Cyclically Adjusted PB Ratio for today is 11.10.

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

TPE:3533' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.54   Med: 5.91   Max: 12.08
Current: 11.27

During the past years, Lotes Co's highest Cyclically Adjusted PB Ratio was 12.08. The lowest was 2.54. And the median was 5.91.

TPE:3533's Cyclically Adjusted PB Ratio is ranked worse than
96.52% of 1899 companies
in the Hardware industry
Industry Median: 1.67 vs TPE:3533: 11.27

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.

Lotes Co's adjusted book value per share data for the three months ended in Mar. 2024 was NT$271.862. 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$142.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lotes Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lotes Co'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.

Lotes Co Cyclically Adjusted PB Ratio Chart

Lotes Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.88 3.84 5.32 7.40 6.84

Lotes Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 6.84 7.28 6.57 6.05 9.87

Competitive Comparison of Lotes Co's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Lotes Co'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.


Lotes Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Lotes Co 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.

Lotes Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1580.00/142.38
=11.10

* 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.

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

For example, Lotes Co'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)
=271.862/131.7762*131.7762
=271.862

Current CPI (Mar. 2024) = 131.7762.

Lotes Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 73.874 99.695 97.647
201406 71.310 100.560 93.447
201409 75.526 100.428 99.101
201412 81.191 99.070 107.995
201503 82.318 99.621 108.888
201506 77.165 100.684 100.994
201509 82.503 100.392 108.295
201512 83.950 99.792 110.856
201603 83.752 100.470 109.848
201606 78.809 101.688 102.127
201609 79.188 101.861 102.444
201612 82.457 101.863 106.672
201703 80.770 102.862 103.474
201706 80.233 103.349 102.302
201709 84.643 104.136 107.110
201712 86.516 104.011 109.611
201803 89.702 105.290 112.267
201806 88.703 106.317 109.944
201809 91.781 106.507 113.557
201812 100.813 105.998 125.330
201903 107.692 107.251 132.319
201906 102.397 108.070 124.859
201909 107.430 108.329 130.682
201912 113.193 108.420 137.577
202003 116.770 108.902 141.297
202006 113.465 108.767 137.468
202009 121.988 109.815 146.384
202012 129.325 109.897 155.072
202103 136.944 111.754 161.479
202106 129.527 114.631 148.900
202109 147.350 115.734 167.774
202112 158.339 117.630 177.382
202203 176.128 121.301 191.338
202206 174.627 125.017 184.069
202209 197.114 125.227 207.424
202212 212.361 125.222 223.476
202303 243.470 127.348 251.936
202306 221.101 128.729 226.335
202309 242.224 129.860 245.799
202403 271.862 131.776 271.862

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.


Lotes Co  (TPE:3533) 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.


Lotes Co Cyclically Adjusted PB Ratio Related Terms

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


Lotes Co (TPE:3533) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 15, Wuxun Street, Anle District, Keelung, TWN, 204
Lotes Co Ltd is a Taiwan-based manufacturer of precision electronic interconnect components and hardware. Its connectors and other electronic components are used in the manufacture of notebooks, desktop computers, communication devices, mobile phones, and other products. It distributes its products within the domestic market and overseas markets.

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