GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Darwin Precisions Corp (TPE:6120) » Definitions » Cyclically Adjusted PB Ratio

Darwin Precisions (TPE:6120) Cyclically Adjusted PB Ratio : 0.78 (As of Jun. 25, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Darwin Precisions Cyclically Adjusted PB Ratio?

As of today (2024-06-25), Darwin Precisions's current share price is NT$15.80. Darwin Precisions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$20.20. Darwin Precisions's Cyclically Adjusted PB Ratio for today is 0.78.

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

TPE:6120' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.62   Max: 0.93
Current: 0.81

During the past years, Darwin Precisions's highest Cyclically Adjusted PB Ratio was 0.93. The lowest was 0.36. And the median was 0.62.

TPE:6120's Cyclically Adjusted PB Ratio is ranked better than
76% of 1904 companies
in the Hardware industry
Industry Median: 1.68 vs TPE:6120: 0.81

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.

Darwin Precisions's adjusted book value per share data for the three months ended in Mar. 2024 was NT$13.908. 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$20.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Darwin Precisions Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Darwin Precisions'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.

Darwin Precisions Cyclically Adjusted PB Ratio Chart

Darwin Precisions 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 0.69 0.66 0.74 0.41 0.66

Darwin Precisions 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 0.50 0.72 0.76 0.66 0.79

Competitive Comparison of Darwin Precisions's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Darwin Precisions'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.


Darwin Precisions's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Darwin Precisions 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.

Darwin Precisions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.80/20.2
=0.78

* 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.

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

For example, Darwin Precisions'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)
=13.908/131.7762*131.7762
=13.908

Current CPI (Mar. 2024) = 131.7762.

Darwin Precisions Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.770 100.560 28.528
201409 21.327 100.428 27.984
201412 20.068 99.070 26.693
201503 20.110 99.621 26.601
201506 18.937 100.684 24.785
201509 19.522 100.392 25.625
201512 18.775 99.792 24.792
201603 18.139 100.470 23.791
201606 18.077 101.688 23.426
201609 18.091 101.861 23.404
201612 18.024 101.863 23.317
201703 17.398 102.862 22.288
201706 17.484 103.349 22.293
201709 17.980 104.136 22.752
201712 18.053 104.011 22.872
201803 18.479 105.290 23.128
201806 18.082 106.317 22.412
201809 17.717 106.507 21.920
201812 17.722 105.998 22.032
201903 17.777 107.251 21.842
201906 17.389 108.070 21.204
201909 16.954 108.329 20.624
201912 16.604 108.420 20.181
202003 15.889 108.902 19.226
202006 15.061 108.767 18.247
202009 14.985 109.815 17.982
202012 14.917 109.897 17.887
202103 14.301 111.754 16.863
202106 13.844 114.631 15.915
202109 13.638 115.734 15.528
202112 13.843 117.630 15.508
202203 14.039 121.301 15.251
202206 13.690 125.017 14.430
202209 13.586 125.227 14.297
202212 14.015 125.222 14.749
202303 13.603 127.348 14.076
202306 13.308 128.729 13.623
202309 13.627 129.860 13.828
202312 13.856 129.419 14.108
202403 13.908 131.776 13.908

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.


Darwin Precisions  (TPE:6120) 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.


Darwin Precisions Cyclically Adjusted PB Ratio Related Terms

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


Darwin Precisions (TPE:6120) Business Description

Traded in Other Exchanges
N/A
Address
No.20-1, Guangfu North Road, Hukou Township, Hsinchu County, Hsinchu, TWN, 303036
Darwin Precisions Corp is a Taiwanese company engaged in the manufacturing, assembling, processing, and trading of backlight modules, computer peripherals, and communication equipment. The company's products users are manufacturers of liquid crystal display, or LCD, panels and scanners, among others. The company's geographical markets include Korea, Taiwan, China, Japan, and Other.

Darwin Precisions (TPE:6120) Headlines

No Headlines