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AP Memory Technology (TPE:6531) Cyclically Adjusted PB Ratio : 11.25 (As of Jun. 05, 2024)


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What is AP Memory Technology Cyclically Adjusted PB Ratio?

As of today (2024-06-05), AP Memory Technology's current share price is NT$366.00. AP Memory Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$32.54. AP Memory Technology's Cyclically Adjusted PB Ratio for today is 11.25.

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

TPE:6531' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.39   Med: 11.08   Max: 12.66
Current: 10.6

During the past years, AP Memory Technology's highest Cyclically Adjusted PB Ratio was 12.66. The lowest was 10.39. And the median was 11.08.

TPE:6531's Cyclically Adjusted PB Ratio is ranked worse than
91.13% of 688 companies
in the Semiconductors industry
Industry Median: 2.57 vs TPE:6531: 10.60

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.

AP Memory Technology's adjusted book value per share data for the three months ended in Mar. 2024 was NT$65.515. 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$32.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AP Memory Technology Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AP Memory 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.

AP Memory Technology Cyclically Adjusted PB Ratio Chart

AP Memory Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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AP Memory Technology 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 - - - - 12.31

Competitive Comparison of AP Memory Technology's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, AP Memory 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.


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

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

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



AP Memory 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=366.00/32.54
=11.25

* 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.

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

For example, AP Memory Technology'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)
=65.515/131.7762*131.7762
=65.515

Current CPI (Mar. 2024) = 131.7762.

AP Memory Technology Quarterly Data

Book Value per Share CPI Adj_Book
201312 7.391 98.326 9.905
201406 0.000 100.560 0.000
201412 11.029 99.070 14.670
201503 0.000 99.621 0.000
201506 11.914 100.684 15.593
201509 0.000 100.392 0.000
201512 13.374 99.792 17.660
201603 14.315 100.470 18.775
201606 15.720 101.688 20.371
201609 15.796 101.861 20.435
201612 17.218 101.863 22.274
201703 17.379 102.862 22.264
201706 17.185 103.349 21.912
201709 17.697 104.136 22.394
201712 17.442 104.011 22.098
201803 17.709 105.290 22.164
201806 17.688 106.317 21.924
201809 18.091 106.507 22.383
201812 17.585 105.998 21.862
201903 14.500 107.251 17.816
201906 14.406 108.070 17.566
201909 14.517 108.329 17.659
201912 15.317 108.420 18.617
202003 16.054 108.902 19.426
202006 16.089 108.767 19.493
202009 16.968 109.815 20.361
202012 20.974 109.897 25.150
202103 23.381 111.754 27.570
202106 23.996 114.631 27.585
202109 28.606 115.734 32.571
202112 32.330 117.630 36.218
202203 59.142 121.301 64.249
202206 63.074 125.017 66.484
202209 67.454 125.227 70.982
202212 67.781 125.222 71.329
202303 61.155 127.348 63.282
202306 64.180 128.729 65.699
202309 67.543 129.860 68.540
202312 69.886 129.419 71.159
202403 65.515 131.776 65.515

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.


AP Memory Technology  (TPE:6531) 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.


AP Memory Technology Cyclically Adjusted PB Ratio Related Terms

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


AP Memory Technology (TPE:6531) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Taiyuan 1st Street, 10th Floor-1, Hsinchu County, Zhubei, TWN, 30288
AP Memory Technology Corp is a memory IC design company. The company is engaged in manufacturing and developing mobile DRAM based specialty memory products for mobile, wearable, and Internet of Things devices. Its products include PSRAM and IOT RAM, Low power DRAM, and applications include Internet of things, connectives and mobile.

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