GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fullerton Technology Co Ltd (TPE:6136) » Definitions » Cyclically Adjusted PB Ratio

Fullerton Technology Co (TPE:6136) Cyclically Adjusted PB Ratio : 0.76 (As of May. 22, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Fullerton Technology Co Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Fullerton Technology Co's current share price is NT$23.10. Fullerton Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$30.38. Fullerton Technology Co's Cyclically Adjusted PB Ratio for today is 0.76.

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

TPE:6136' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.63   Max: 0.83
Current: 0.75

During the past years, Fullerton Technology Co's highest Cyclically Adjusted PB Ratio was 0.83. The lowest was 0.51. And the median was 0.63.

TPE:6136's Cyclically Adjusted PB Ratio is ranked better than
64.8% of 662 companies
in the Media - Diversified industry
Industry Median: 1.115 vs TPE:6136: 0.75

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.

Fullerton Technology Co's adjusted book value per share data for the three months ended in Mar. 2024 was NT$35.985. 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$30.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fullerton Technology Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fullerton Technology 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.

Fullerton Technology Co Cyclically Adjusted PB Ratio Chart

Fullerton Technology Co 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 0.67 0.61 0.67 0.61 0.75

Fullerton Technology Co 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 0.63 0.67 0.63 0.75 0.77

Competitive Comparison of Fullerton Technology Co's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, Fullerton Technology 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.


Fullerton Technology Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Fullerton Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fullerton Technology 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.10/30.38
=0.76

* 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.

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

For example, Fullerton Technology 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)
=35.985/131.7762*131.7762
=35.985

Current CPI (Mar. 2024) = 131.7762.

Fullerton Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 28.584 100.560 37.457
201409 27.780 100.428 36.451
201412 27.778 99.070 36.949
201503 29.576 99.621 39.122
201506 26.486 100.684 34.665
201509 24.439 100.392 32.079
201512 24.418 99.792 32.244
201603 25.799 100.470 33.838
201606 25.062 101.688 32.477
201609 25.856 101.861 33.450
201612 26.207 101.863 33.903
201703 26.171 102.862 33.528
201706 25.156 103.349 32.075
201709 25.911 104.136 32.789
201712 25.516 104.011 32.327
201803 25.083 105.290 31.393
201806 25.168 106.317 31.195
201809 24.047 106.507 29.752
201812 22.602 105.998 28.099
201903 23.679 107.251 29.094
201906 22.238 108.070 27.116
201909 22.311 108.329 27.140
201912 22.448 108.420 27.284
202003 19.819 108.902 23.982
202006 20.991 108.767 25.431
202009 21.596 109.815 25.915
202012 22.766 109.897 27.298
202103 23.344 111.754 27.526
202106 23.913 114.631 27.490
202109 23.911 115.734 27.225
202112 26.128 117.630 29.270
202203 25.861 121.301 28.094
202206 25.552 125.017 26.934
202209 24.281 125.227 25.551
202212 24.702 125.222 25.995
202303 24.113 127.348 24.952
202306 25.531 128.729 26.135
202309 28.634 129.860 29.057
202312 33.226 129.419 33.831
202403 35.985 131.776 35.985

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.


Fullerton Technology Co  (TPE:6136) 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.


Fullerton Technology Co Cyclically Adjusted PB Ratio Related Terms

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


Fullerton Technology Co (TPE:6136) Business Description

Traded in Other Exchanges
N/A
Address
No.6-3, Baoqiang Road, 5th Floor, Xindian District, Taipei, TWN, 23144
Fullerton Technology Co Ltd is engaged in communications product development, marketing, and integration services. It distributes and provides digital entertainment services, online games and web games, value-added services, and Internet marketing services. It also offers movie booking and online e-ticketing services.

Fullerton Technology Co (TPE:6136) Headlines

No Headlines