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Asmedia Technology (TPE:5269) Cyclically Adjusted PB Ratio : 17.92 (As of May. 02, 2024)


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What is Asmedia Technology Cyclically Adjusted PB Ratio?

As of today (2024-05-02), Asmedia Technology's current share price is NT$1950.00. Asmedia Technology's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was NT$108.79. Asmedia Technology's Cyclically Adjusted PB Ratio for today is 17.92.

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

TPE:5269' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.32   Med: 23.33   Max: 68.11
Current: 17.51

During the past years, Asmedia Technology's highest Cyclically Adjusted PB Ratio was 68.11. The lowest was 7.32. And the median was 23.33.

TPE:5269's Cyclically Adjusted PB Ratio is ranked worse than
96.16% of 677 companies
in the Semiconductors industry
Industry Median: 2.47 vs TPE:5269: 17.51

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.

Asmedia Technology's adjusted book value per share data for the three months ended in Dec. 2023 was NT$282.362. 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$108.79 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asmedia Technology Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Asmedia Technology'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.

Asmedia Technology Cyclically Adjusted PB Ratio Chart

Asmedia Technology 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 - 41.38 29.96 7.98 16.68

Asmedia Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.98 12.69 10.95 11.25 16.68

Competitive Comparison of Asmedia Technology's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Asmedia Technology'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.


Asmedia Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Asmedia Technology 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.

Asmedia Technology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1950.00/108.79
=17.92

* 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.

Asmedia Technology's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Asmedia Technology's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=282.362/129.4194*129.4194
=282.362

Current CPI (Dec. 2023) = 129.4194.

Asmedia Technology Quarterly Data

Book Value per Share CPI Adj_Book
201403 19.118 99.695 24.818
201406 19.080 100.560 24.556
201409 20.011 100.428 25.788
201412 20.966 99.070 27.389
201503 21.666 99.621 28.147
201506 19.162 100.684 24.631
201509 20.951 100.392 27.009
201512 22.405 99.792 29.057
201603 23.586 100.470 30.382
201606 21.751 101.688 27.683
201609 23.788 101.861 30.224
201612 25.922 101.863 32.935
201703 27.892 102.862 35.093
201706 23.404 103.349 29.308
201709 26.944 104.136 33.486
201712 29.030 104.011 36.122
201803 31.469 105.290 38.681
201806 29.070 106.317 35.387
201809 33.672 106.507 40.916
201812 38.781 105.998 47.350
201903 43.284 107.251 52.231
201906 34.740 108.070 41.603
201909 39.040 108.329 46.640
201912 42.998 108.420 51.326
202003 39.029 108.902 46.382
202006 160.840 108.767 191.379
202009 172.998 109.815 203.882
202012 203.713 109.897 239.902
202103 191.180 111.754 221.400
202106 193.621 114.631 218.599
202109 218.700 115.734 244.560
202112 235.237 117.630 258.815
202203 227.692 121.301 242.931
202206 218.242 125.017 225.928
202209 224.669 125.227 232.191
202212 220.737 125.222 228.136
202303 218.499 127.348 222.053
202306 226.994 128.729 228.212
202309 244.916 129.860 244.086
202312 282.362 129.419 282.362

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.


Asmedia Technology  (TPE:5269) 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.


Asmedia Technology Cyclically Adjusted PB Ratio Related Terms

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


Asmedia Technology (TPE:5269) Business Description

Traded in Other Exchanges
N/A
Address
No.115, Minquan Road, 6th Floor, Xindian District, New Taipei, TWN, 231
Asmedia Technology Inc is a semiconductor memory company. It is engaged in the design, development, production, and manufacture of high-speed analogue circuit products. Some of its products include USB Controller, PCIe Bridge Controller, SATA Controller, High-Speed Signal Switch, and ASIC. Its geographical segments include the United States, Taiwan, China, Southeast Asia, North-east Asia, and Others, out of which the majority is from the United States. The majority of its revenue is derived from High-speed interface controller.

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