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Wistron (LUX:WSTRN) Cyclically Adjusted PB Ratio : 3.50 (As of Jun. 10, 2024)


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What is Wistron Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Wistron's current share price is $33.80. Wistron's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.65. Wistron's Cyclically Adjusted PB Ratio for today is 3.50.

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

LUX:WSTRN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.09   Max: 5.1
Current: 3.43

During the past years, Wistron's highest Cyclically Adjusted PB Ratio was 5.10. The lowest was 0.76. And the median was 1.09.

LUX:WSTRN's Cyclically Adjusted PB Ratio is ranked worse than
77.57% of 1899 companies
in the Hardware industry
Industry Median: 1.67 vs LUX:WSTRN: 3.43

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.

Wistron's adjusted book value per share data for the three months ended in Mar. 2024 was $12.419. 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 $9.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wistron Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wistron'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.

Wistron Cyclically Adjusted PB Ratio Chart

Wistron 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 1.09 1.18 1.05 0.98 3.16

Wistron 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 1.38 2.95 3.25 3.16 3.90

Competitive Comparison of Wistron's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, Wistron'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.


Wistron's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Wistron 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.80/9.65
=3.50

* 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.

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

For example, Wistron'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)
=12.419/131.7762*131.7762
=12.419

Current CPI (Mar. 2024) = 131.7762.

Wistron Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.768 100.560 10.179
201409 7.990 100.428 10.484
201412 8.017 99.070 10.664
201503 7.948 99.621 10.513
201506 7.662 100.684 10.028
201509 7.936 100.392 10.417
201512 7.948 99.792 10.495
201603 7.888 100.470 10.346
201606 7.689 101.688 9.964
201609 7.709 101.861 9.973
201612 7.848 101.863 10.153
201703 7.783 102.862 9.971
201706 7.675 103.349 9.786
201709 7.840 104.136 9.921
201712 7.917 104.011 10.030
201803 8.050 105.290 10.075
201806 7.793 106.317 9.659
201809 7.699 106.507 9.526
201812 7.949 105.998 9.882
201903 8.323 107.251 10.226
201906 7.900 108.070 9.633
201909 8.171 108.329 9.940
201912 8.604 108.420 10.457
202003 9.100 108.902 11.011
202006 8.427 108.767 10.210
202009 8.656 109.815 10.387
202012 9.122 109.897 10.938
202103 8.926 111.754 10.525
202106 8.634 114.631 9.925
202109 8.681 115.734 9.884
202112 9.872 117.630 11.059
202203 10.533 121.301 11.443
202206 10.137 125.017 10.685
202209 10.597 125.227 11.151
202212 11.044 125.222 11.622
202303 11.142 127.348 11.529
202306 10.866 128.729 11.123
202309 11.430 129.860 11.599
202312 11.634 129.419 11.846
202403 12.419 131.776 12.419

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.


Wistron  (LUX:WSTRN) 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.


Wistron Cyclically Adjusted PB Ratio Related Terms

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


Wistron (LUX:WSTRN) Business Description

Industry
Traded in Other Exchanges
Address
No.5 , Xinan Road, East District, Hsinchu, TWN, 30076
Wistron Corp is an original design manufacturer of information and communication technology products. The company offers end-to-end services from the initial conceptualization and development of a product through to volume manufacturing and after-sale services. The in-house capabilities of the firm include design and engineering challenges such as styling considerations, component selection, prototyping, 3D modeling, testing, and packaging. The firm has operations in Asia, Europe, and North America.

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