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Vimicro International (Vimicro International) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


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What is Vimicro International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vimicro International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vimicro International'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.

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Vimicro International Cyclically Adjusted PB Ratio Chart

Vimicro International Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PB Ratio
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Vimicro International Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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Competitive Comparison of Vimicro International's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Vimicro International'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.


Vimicro International's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Vimicro International 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.

Vimicro International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2015 is calculated as:

For example, Vimicro International's adjusted Book Value per Share data for the three months ended in Jun. 2015 was:

Adj_Book=Book Value per Share/CPI of Jun. 2015 (Change)*Current CPI (Jun. 2015)
=4.751/99.5000*99.5000
=4.751

Current CPI (Jun. 2015) = 99.5000.

Vimicro International Quarterly Data

Book Value per Share CPI Adj_Book
200509 3.399 75.290 4.492
200512 3.439 75.666 4.522
200603 3.574 76.340 4.658
200606 3.654 76.034 4.782
200609 3.739 76.413 4.869
200612 3.859 77.793 4.936
200703 3.801 78.884 4.794
200706 3.867 79.357 4.849
200709 3.835 81.276 4.695
200712 4.007 82.911 4.809
200803 4.035 85.485 4.697
200806 4.083 85.058 4.776
200809 4.097 85.057 4.793
200812 3.955 83.956 4.687
200903 3.819 84.457 4.499
200906 3.498 83.615 4.163
200909 3.449 84.369 4.068
200912 3.413 85.386 3.977
201003 0.000 86.316 0.000
201006 3.306 85.886 3.830
201009 3.254 87.267 3.710
201012 3.081 89.289 3.433
201103 2.931 91.154 3.199
201106 2.776 91.612 3.015
201109 2.703 92.711 2.901
201112 2.441 92.885 2.615
201203 2.446 94.367 2.579
201206 2.553 93.495 2.717
201209 2.678 94.482 2.820
201212 2.678 95.237 2.798
201303 2.618 96.372 2.703
201306 2.417 95.984 2.506
201309 2.482 97.332 2.537
201312 2.497 97.624 2.545
201403 2.368 98.600 2.390
201406 2.418 98.200 2.450
201409 2.474 98.900 2.489
201412 2.621 99.000 2.634
201503 4.497 99.900 4.479
201506 4.751 99.500 4.751

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.


Vimicro International  (NAS:VIMC) 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.


Vimicro International Cyclically Adjusted PB Ratio Related Terms

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Vimicro International (Vimicro International) Business Description

Traded in Other Exchanges
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Address
Vimicro International is one of China's leading semiconductor design companies. The firm makes mixed-signal multimedia chips used in PC, embedded notebook webcams, mobile phones, and video cameras. The firm recently launched a surveillance segment that provides comprehensive security systems to customers, bundling its chips with other hardware, software, and nonsoftware acquired from third party vendors. The company was founded in 1999.

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