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MediaTek (TPE:2454) Cyclically Adjusted PB Ratio : 4.43 (As of Apr. 29, 2024)


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What is MediaTek Cyclically Adjusted PB Ratio?

As of today (2024-04-29), MediaTek's current share price is NT$1005.00. MediaTek's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was NT$226.77. MediaTek's Cyclically Adjusted PB Ratio for today is 4.43.

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

TPE:2454' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.95   Med: 3.63   Max: 6.98
Current: 4.43

During the past years, MediaTek's highest Cyclically Adjusted PB Ratio was 6.98. The lowest was 1.95. And the median was 3.63.

TPE:2454's Cyclically Adjusted PB Ratio is ranked worse than
72.88% of 671 companies
in the Semiconductors industry
Industry Median: 2.43 vs TPE:2454: 4.43

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.

MediaTek's adjusted book value per share data for the three months ended in Dec. 2023 was NT$231.307. 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$226.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


MediaTek Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MediaTek'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.

MediaTek Cyclically Adjusted PB Ratio Chart

MediaTek 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 2.88 4.57 6.26 2.91 4.48

MediaTek Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.91 3.59 3.09 3.24 4.48

Competitive Comparison of MediaTek's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, MediaTek'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.


MediaTek's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



MediaTek 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.

MediaTek's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1005.00/226.77
=4.43

* 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.

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

For example, MediaTek'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)
=231.307/129.4194*129.4194
=231.307

Current CPI (Dec. 2023) = 129.4194.

MediaTek Quarterly Data

Book Value per Share CPI Adj_Book
201403 146.086 99.695 189.643
201406 137.079 100.560 176.420
201409 147.675 100.428 190.306
201412 158.071 99.070 206.496
201503 161.887 99.621 210.310
201506 143.615 100.684 184.603
201509 151.020 100.392 194.687
201512 153.747 99.792 199.392
201603 155.380 100.470 200.150
201606 142.481 101.688 181.337
201609 145.026 101.861 184.263
201612 155.482 101.863 197.544
201703 160.168 102.862 201.521
201706 157.150 103.349 196.792
201709 162.915 104.136 202.470
201712 165.104 104.011 205.436
201803 173.232 105.290 212.933
201806 164.499 106.317 200.245
201809 170.787 106.507 207.528
201812 172.346 105.998 210.428
201903 180.275 107.251 217.538
201906 181.693 108.070 217.588
201909 196.773 108.329 235.082
201912 197.712 108.420 236.006
202003 206.345 108.902 245.222
202006 203.425 108.767 242.050
202009 214.014 109.815 252.220
202012 235.000 109.897 276.747
202103 260.195 111.754 301.324
202106 244.082 114.631 275.570
202109 248.705 115.734 278.113
202112 271.528 117.630 298.743
202203 285.618 121.301 304.734
202206 245.160 125.017 253.794
202209 267.309 125.227 276.259
202212 276.513 125.222 285.782
202303 211.377 127.348 214.816
202306 228.551 128.729 229.777
202309 246.441 129.860 245.606
202312 231.307 129.419 231.307

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.


MediaTek  (TPE:2454) 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.


MediaTek Cyclically Adjusted PB Ratio Related Terms

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


MediaTek (TPE:2454) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 1, Dusing 1st Road, Hsinchu Science Park, Hsinchu City, TWN, 30078
Founded in 1997, MediaTek is a fabless semiconductor designer focusing on solutions for smartphones, digital televisions, and connectivity products. The business is divided into three segments. The first is "mobile," which accounts for around half of sales, where MediaTek is the second-largest third-party supplier of smartphone SoCs to the likes of Xiaomi and Vivo. The second is "smart edge," which accounts for just over 40% of sales, that covers most devices other than smartphones. The third is "power IC" that includes power management products for mobile devices, data centers, connectivity devices and more. Mediatek is headquartered in Hsinchu, Taiwan and employs almost 22,000 people.

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