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Aces Electronic Co (TPE:3605) Cyclically Adjusted PB Ratio : 1.13 (As of Jun. 05, 2024)


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What is Aces Electronic Co Cyclically Adjusted PB Ratio?

As of today (2024-06-05), Aces Electronic Co's current share price is NT$47.50. Aces Electronic Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$41.98. Aces Electronic Co's Cyclically Adjusted PB Ratio for today is 1.13.

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

TPE:3605' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.9   Max: 1.66
Current: 1.2

During the past years, Aces Electronic Co's highest Cyclically Adjusted PB Ratio was 1.66. The lowest was 0.52. And the median was 0.90.

TPE:3605's Cyclically Adjusted PB Ratio is ranked better than
63.66% of 1893 companies
in the Hardware industry
Industry Median: 1.68 vs TPE:3605: 1.20

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.

Aces Electronic Co's adjusted book value per share data for the three months ended in Mar. 2024 was NT$39.958. 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$41.98 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aces Electronic Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Aces Electronic Co'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.

Aces Electronic Co Cyclically Adjusted PB Ratio Chart

Aces Electronic Co 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 0.92 1.23 1.42 0.80 0.78

Aces Electronic Co 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 0.78 0.72 0.69 0.78 0.94

Competitive Comparison of Aces Electronic Co's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Aces Electronic Co'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.


Aces Electronic Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Aces Electronic Co 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.

Aces Electronic Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.50/41.98
=1.13

* 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.

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

For example, Aces Electronic Co'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)
=39.958/131.7762*131.7762
=39.958

Current CPI (Mar. 2024) = 131.7762.

Aces Electronic Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 30.379 100.560 39.810
201409 31.755 100.428 41.667
201412 32.861 99.070 43.710
201503 32.806 99.621 43.395
201506 31.463 100.684 41.179
201509 33.246 100.392 43.639
201512 32.528 99.792 42.953
201603 32.403 100.470 42.500
201606 31.611 101.688 40.964
201609 31.542 101.861 40.805
201612 32.138 101.863 41.576
201703 31.123 102.862 39.872
201706 31.198 103.349 39.779
201709 32.425 104.136 41.032
201712 32.368 104.011 41.008
201803 32.164 105.290 40.255
201806 32.332 106.317 40.074
201809 32.846 106.507 40.639
201812 33.601 105.998 41.773
201903 34.356 107.251 42.212
201906 33.728 108.070 41.127
201909 34.148 108.329 41.539
201912 34.181 108.420 41.544
202003 33.009 108.902 39.943
202006 34.023 108.767 41.220
202009 35.351 109.815 42.421
202012 36.223 109.897 43.435
202103 36.475 111.754 43.010
202106 37.610 114.631 43.235
202109 38.613 115.734 43.965
202112 41.015 117.630 45.948
202203 41.701 121.301 45.302
202206 42.420 125.017 44.714
202209 43.662 125.227 45.946
202212 41.937 125.222 44.132
202303 40.233 127.348 41.632
202306 39.280 128.729 40.210
202309 40.591 129.860 41.190
202312 39.093 129.419 39.805
202403 39.958 131.776 39.958

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.


Aces Electronic Co  (TPE:3605) 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.


Aces Electronic Co Cyclically Adjusted PB Ratio Related Terms

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


Aces Electronic Co (TPE:3605) Business Description

Traded in Other Exchanges
N/A
Address
No.13,Dongyuan Road, Zhongli District, Taoyuan, TWN, 32063
Aces Electronic Co Ltd is engaged in the electronic components business sector. The company offers connector solutions for various electronic applications like NB computers, cellular phones, digital cameras, and others. Aces provide shorter product development and production cycles for businesses. Its product portfolio consists of btb conn, card conn, battery conn, universal serial bus conn, power conn, and other. The Company has 4 reporting segments: connector, connector sets, metal stamping segment and other segment. The connector segment is mainly engaging in processing, manufacturing and selling of connectors. The connector sets segment is mainly engaging in manufacturing and sales of consumer electronics, communication peripherals and industrial connectors sets.

Aces Electronic Co (TPE:3605) Headlines

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