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ChipMOS TECHNOLOGIES (TPE:8150) Cyclically Adjusted PB Ratio : 1.47 (As of Jun. 21, 2024)


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What is ChipMOS TECHNOLOGIES Cyclically Adjusted PB Ratio?

As of today (2024-06-21), ChipMOS TECHNOLOGIES's current share price is NT$45.70. ChipMOS TECHNOLOGIES's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was NT$31.17. ChipMOS TECHNOLOGIES's Cyclically Adjusted PB Ratio for today is 1.47.

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

TPE:8150' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.31   Max: 1.63
Current: 1.45

During the past years, ChipMOS TECHNOLOGIES's highest Cyclically Adjusted PB Ratio was 1.63. The lowest was 1.10. And the median was 1.31.

TPE:8150's Cyclically Adjusted PB Ratio is ranked better than
71.08% of 688 companies
in the Semiconductors industry
Industry Median: 2.59 vs TPE:8150: 1.45

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.

ChipMOS TECHNOLOGIES's adjusted book value per share data for the three months ended in Dec. 2023 was NT$34.051. 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$31.17 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


ChipMOS TECHNOLOGIES Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ChipMOS TECHNOLOGIES'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.

ChipMOS TECHNOLOGIES Cyclically Adjusted PB Ratio Chart

ChipMOS TECHNOLOGIES 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 - - - 1.12 1.36

ChipMOS TECHNOLOGIES Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Dec22 Jun23 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 - - 1.12 1.18 1.36

Competitive Comparison of ChipMOS TECHNOLOGIES's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, ChipMOS TECHNOLOGIES'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.


ChipMOS TECHNOLOGIES's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



ChipMOS TECHNOLOGIES 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.

ChipMOS TECHNOLOGIES's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.70/31.17
=1.47

* 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.

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

For example, ChipMOS TECHNOLOGIES'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)
=34.051/129.4194*129.4194
=34.051

Current CPI (Dec. 2023) = 129.4194.

ChipMOS TECHNOLOGIES Quarterly Data

Book Value per Share CPI Adj_Book
201212 18.579 96.871 24.821
201303 0.000 98.209 0.000
201306 19.935 98.518 26.188
201309 20.772 98.790 27.212
201312 21.554 98.326 28.370
201403 22.482 99.695 29.185
201406 22.051 100.560 28.379
201409 23.382 100.428 30.132
201412 24.745 99.070 32.326
201503 25.759 99.621 33.464
201506 24.325 100.684 31.267
201509 23.923 100.392 30.840
201512 24.830 99.792 32.202
201603 25.393 100.470 32.710
201606 23.153 101.688 29.467
201609 23.495 101.861 29.852
201612 22.313 101.863 28.349
201703 25.285 102.862 31.813
201706 24.644 103.349 30.861
201709 24.962 104.136 31.023
201712 24.906 104.011 30.990
201803 25.567 105.290 31.426
201806 25.385 106.317 30.901
201809 24.281 106.507 29.505
201812 24.779 105.998 30.254
201903 25.177 107.251 30.381
201906 25.691 108.070 30.766
201909 26.334 108.329 31.461
201912 26.856 108.420 32.058
202003 27.928 108.902 33.190
202006 26.902 108.767 32.010
202012 28.486 109.897 33.546
202103 0.000 111.754 0.000
202106 31.698 114.631 35.787
202112 33.197 117.630 36.524
202203 0.000 121.301 0.000
202206 32.693 125.017 33.844
202212 33.881 125.222 35.017
202306 32.763 128.729 32.939
202312 34.051 129.419 34.051

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.


ChipMOS TECHNOLOGIES  (TPE:8150) 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.


ChipMOS TECHNOLOGIES Cyclically Adjusted PB Ratio Related Terms

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


ChipMOS TECHNOLOGIES (TPE:8150) Business Description

Traded in Other Exchanges
Address
No. 1, R&D Road 1, Hsinchu Science Park, Hsinchu, TWN
ChipMOS TECHNOLOGIES Inc provides semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers, and foundries. Its service targets include semiconductor design companies, integrated component manufacturing companies, and semiconductor wafers factories. The company's segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others. The Company derives a majority of its revenue from Taiwan followed by Japan, People's Republic of China, Singapore, and others.

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