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Ali (TPE:3041) Cyclically Adjusted Book per Share : NT$25.37 (As of Mar. 2024)


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What is Ali Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Ali's adjusted book value per share for the three months ended in Mar. 2024 was NT$7.635. 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$25.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ali's average Cyclically Adjusted Book Growth Rate was -7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Ali was -1.40% per year. The lowest was -2.30% per year. And the median was -1.85% per year.

As of today (2024-05-27), Ali's current stock price is NT$21.10. Ali's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$25.37. Ali's Cyclically Adjusted PB Ratio of today is 0.83.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ali was 1.51. The lowest was 0.43. And the median was 0.86.


Ali Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ali's Cyclically Adjusted Book per Share 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.

Ali Cyclically Adjusted Book per Share Chart

Ali Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.63 27.61 27.69 27.46 25.74

Ali Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 27.39 27.06 26.64 25.74 25.37

Competitive Comparison of Ali's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Ali'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.


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

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

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



Ali Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Ali'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)
=7.635/131.7762*131.7762
=7.635

Current CPI (Mar. 2024) = 131.7762.

Ali Quarterly Data

Book Value per Share CPI Adj_Book
201406 28.047 100.560 36.754
201409 29.543 100.428 38.765
201412 29.918 99.070 39.795
201503 30.028 99.621 39.720
201506 28.222 100.684 36.937
201509 28.654 100.392 37.612
201512 28.619 99.792 37.791
201603 28.535 100.470 37.426
201606 28.064 101.688 36.368
201609 27.314 101.861 35.336
201612 25.823 101.863 33.406
201703 24.720 102.862 31.669
201706 24.065 103.349 30.684
201709 23.619 104.136 29.888
201712 23.387 104.011 29.630
201803 22.918 105.290 28.683
201806 21.968 106.317 27.229
201809 20.794 106.507 25.728
201812 19.305 105.998 24.000
201903 19.026 107.251 23.377
201906 18.377 108.070 22.408
201909 17.971 108.329 21.861
201912 17.575 108.420 21.361
202003 17.429 108.902 21.090
202006 17.032 108.767 20.635
202009 16.584 109.815 19.901
202012 16.343 109.897 19.597
202103 16.092 111.754 18.975
202106 16.015 114.631 18.410
202109 16.125 115.734 18.360
202112 16.267 117.630 18.223
202203 16.352 121.301 17.764
202206 16.939 125.017 17.855
202209 16.925 125.227 17.810
202212 16.897 125.222 17.781
202303 16.300 127.348 16.867
202306 14.775 128.729 15.125
202309 13.616 129.860 13.817
202312 8.322 129.419 8.474
202403 7.635 131.776 7.635

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Ali  (TPE:3041) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Ali's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.10/25.37
=0.83

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ali was 1.51. The lowest was 0.43. And the median was 0.86.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Ali Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Ali's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Ali (TPE:3041) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ali Corp (TPE:3041) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
5f, No. 246 Neihu Road, Sec. 1, Taipei, TWN, 114
Ali Corp operates in the semiconductor industry. The company is mainly engaged in in the research, development, design and sales of chipsets for communication, consumer and multimedia products and a range of application-specific integrated circuits. The majority of revenue is derived from the sale of goods. Geographically, it operates in Hong Kong, Mainland China, Korea, Taiwan, France, Singapore and Others, out of which the majority is from Hong Kong.

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