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Alchip Technologies (TPE:3661) Cyclically Adjusted PB Ratio : 26.53 (As of May. 26, 2024)


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What is Alchip Technologies Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Alchip Technologies's current share price is NT$2820.00. Alchip Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$106.31. Alchip Technologies's Cyclically Adjusted PB Ratio for today is 26.53.

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

TPE:3661' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.42   Med: 16.08   Max: 45.63
Current: 26.53

During the past years, Alchip Technologies's highest Cyclically Adjusted PB Ratio was 45.63. The lowest was 8.42. And the median was 16.08.

TPE:3661's Cyclically Adjusted PB Ratio is ranked worse than
97.51% of 684 companies
in the Semiconductors industry
Industry Median: 2.505 vs TPE:3661: 26.53

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.

Alchip Technologies's adjusted book value per share data for the three months ended in Mar. 2024 was NT$421.329. 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$106.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alchip Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alchip Technologies'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.

Alchip Technologies Cyclically Adjusted PB Ratio Chart

Alchip Technologies 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 - - 17.27 10.24 34.43

Alchip Technologies 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 15.29 20.90 29.76 34.43 31.61

Competitive Comparison of Alchip Technologies's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Alchip Technologies'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.


Alchip Technologies's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Alchip Technologies 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.

Alchip Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2820.00/106.31
=26.53

* 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.

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

For example, Alchip Technologies'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)
=421.329/131.7762*131.7762
=421.329

Current CPI (Mar. 2024) = 131.7762.

Alchip Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 32.859 100.560 43.059
201409 35.351 100.428 46.386
201412 43.769 99.070 58.219
201503 42.467 99.621 56.174
201506 39.496 100.684 51.693
201509 44.531 100.392 58.452
201512 45.920 99.792 60.638
201603 45.491 100.470 59.666
201606 41.539 101.688 53.830
201609 40.432 101.861 52.306
201612 42.132 101.863 54.505
201703 40.493 102.862 51.875
201706 42.141 103.349 53.732
201709 43.655 104.136 55.242
201712 44.498 104.011 56.376
201803 45.493 105.290 56.937
201806 48.776 106.317 60.456
201809 49.879 106.507 61.713
201812 48.867 105.998 60.751
201903 51.161 107.251 62.860
201906 51.518 108.070 62.819
201909 53.694 108.329 65.316
201912 54.473 108.420 66.208
202003 57.477 108.902 69.550
202006 56.553 108.767 68.516
202009 59.811 109.815 71.772
202012 62.684 109.897 75.164
202103 140.796 111.754 166.021
202106 134.626 114.631 154.761
202109 140.197 115.734 159.630
202112 146.393 117.630 163.999
202203 158.206 121.301 171.868
202206 159.255 125.017 167.866
202209 177.708 125.227 187.003
202212 180.646 125.222 190.101
202303 189.293 127.348 195.875
202306 188.271 128.729 192.728
202309 236.653 129.860 240.146
202312 242.389 129.419 246.803
202403 421.329 131.776 421.329

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.


Alchip Technologies  (TPE:3661) 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.


Alchip Technologies Cyclically Adjusted PB Ratio Related Terms

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


Alchip Technologies (TPE:3661) Business Description

Traded in Other Exchanges
N/A
Address
Wenhu Street, No.12, 9th floor, Neihu District, Taipei, TWN, 11445
Alchip Technologies Ltd is engaged in the research and development, design, and manufacture of fabless application-specific integrated circuits (ASIC) and system on a chip (SoC) and the rendering of related services. Its geographical segments are China, Japan, the United States, Europe, Taiwan, and Others, of which majority of its revenue comes from the United States.

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