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Zhen Ding Technology Holding (TPE:4958) Cyclically Adjusted PB Ratio : 1.45 (As of Jun. 09, 2024)


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What is Zhen Ding Technology Holding Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Zhen Ding Technology Holding's current share price is NT$116.50. Zhen Ding Technology Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$80.16. Zhen Ding Technology Holding's Cyclically Adjusted PB Ratio for today is 1.45.

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

TPE:4958' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 1.73   Max: 3.24
Current: 1.52

During the past years, Zhen Ding Technology Holding's highest Cyclically Adjusted PB Ratio was 3.24. The lowest was 1.27. And the median was 1.73.

TPE:4958's Cyclically Adjusted PB Ratio is ranked better than
54.4% of 1899 companies
in the Hardware industry
Industry Median: 1.67 vs TPE:4958: 1.52

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.

Zhen Ding Technology Holding's adjusted book value per share data for the three months ended in Mar. 2024 was NT$103.877. 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$80.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zhen Ding Technology Holding Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zhen Ding Technology Holding'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.

Zhen Ding Technology Holding Cyclically Adjusted PB Ratio Chart

Zhen Ding Technology Holding 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 3.15 2.26 1.70 1.52 1.41

Zhen Ding Technology Holding 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 1.59 1.42 1.29 1.41 1.57

Competitive Comparison of Zhen Ding Technology Holding's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Zhen Ding Technology Holding'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.


Zhen Ding Technology Holding's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

* The bar in red indicates where Zhen Ding Technology Holding's Cyclically Adjusted PB Ratio falls into.



Zhen Ding Technology Holding 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.

Zhen Ding Technology Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=116.50/80.16
=1.45

* 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.

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

For example, Zhen Ding Technology Holding'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)
=103.877/131.7762*131.7762
=103.877

Current CPI (Mar. 2024) = 131.7762.

Zhen Ding Technology Holding Quarterly Data

Book Value per Share CPI Adj_Book
201406 34.701 100.560 45.473
201409 37.975 100.428 49.829
201412 43.354 99.070 57.667
201503 46.601 99.621 61.643
201506 46.214 100.684 60.485
201509 50.429 100.392 66.194
201512 52.504 99.792 69.332
201603 52.156 100.470 68.407
201606 46.698 101.688 60.515
201609 47.197 101.861 61.058
201612 47.506 101.863 61.457
201703 45.582 102.862 58.395
201706 38.341 103.349 48.887
201709 41.335 104.136 52.307
201712 55.103 104.011 69.812
201803 56.589 105.290 70.825
201806 53.544 106.317 66.366
201809 64.677 106.507 80.022
201812 69.656 105.998 86.596
201903 72.112 107.251 88.602
201906 69.971 108.070 85.320
201909 71.189 108.329 86.597
201912 74.437 108.420 90.472
202003 74.611 108.902 90.283
202006 71.562 108.767 86.700
202009 74.555 109.815 89.465
202012 82.985 109.897 99.507
202103 78.937 111.754 93.079
202106 79.283 114.631 91.141
202109 82.534 115.734 93.974
202112 89.275 117.630 100.012
202203 90.644 121.301 98.472
202206 92.031 125.017 97.007
202209 98.952 125.227 104.127
202212 102.538 125.222 107.905
202303 98.342 127.348 101.762
202306 94.721 128.729 96.963
202309 101.196 129.860 102.690
202312 101.272 129.419 103.116
202403 103.877 131.776 103.877

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.


Zhen Ding Technology Holding  (TPE:4958) 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.


Zhen Ding Technology Holding Cyclically Adjusted PB Ratio Related Terms

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


Zhen Ding Technology Holding (TPE:4958) Business Description

Traded in Other Exchanges
N/A
Address
No. 6, Lane 28, Sanhe Road, Sanshili, Dayuan District, Taoyuan, TWN
Zhen Ding Technology Holding Ltd manufactures printed circuit boards, including high-density interconnection, flexible printed circuits, rigid printed circuit boards, and integrated circuit substrates. These products are used in a variety of applications, including personal computers, watches, memory and data cards, smartphones, tablets, media players, televisions, digital and video cameras, and game consoles. Zhen Ding's customers include the telecommunications, electronics, automotive, medical equipment, military equipment, and space industries.

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