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ASE Technology Holding Co (ASE Technology Holding Co) Cyclically Adjusted Book per Share : $4.06 (As of Mar. 2024)


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What is ASE Technology Holding Co 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.

ASE Technology Holding Co's adjusted book value per share for the three months ended in Mar. 2024 was $4.251. 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 $4.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ASE Technology Holding Co's average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -62.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -42.30% 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 ASE Technology Holding Co was 508.90% per year. The lowest was -78.30% per year. And the median was 1.55% per year.

As of today (2024-06-06), ASE Technology Holding Co's current stock price is $10.94. ASE Technology Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $4.06. ASE Technology Holding Co's Cyclically Adjusted PB Ratio of today is 2.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ASE Technology Holding Co was 2.95. The lowest was 0.01. And the median was 0.02.


ASE Technology Holding Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for ASE Technology Holding Co'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.

ASE Technology Holding Co Cyclically Adjusted Book per Share Chart

ASE Technology Holding Co 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 275.91 2.92 3.38 3.47 3.93

ASE Technology Holding 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 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 3.78 3.85 3.84 3.93 4.06

Competitive Comparison of ASE Technology Holding Co's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, ASE Technology Holding 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.


ASE Technology Holding Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where ASE Technology Holding Co's Cyclically Adjusted PB Ratio falls into.



ASE Technology Holding Co 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, ASE Technology Holding 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)
=4.251/131.7762*131.7762
=4.251

Current CPI (Mar. 2024) = 131.7762.

ASE Technology Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.122 100.560 2.781
201409 2.258 100.428 2.963
201412 2.385 99.070 3.172
201503 2.430 99.621 3.214
201506 2.376 100.684 3.110
201509 2.416 100.392 3.171
201512 2.372 99.792 3.132
201603 2.442 100.470 3.203
201606 2.408 101.688 3.120
201609 2.482 101.861 3.211
201612 2.428 101.863 3.141
201703 2.687 102.862 3.442
201706 2.754 103.349 3.512
201709 2.877 104.136 3.641
201712 2.965 104.011 3.756
201803 3.120 105.290 3.905
201806 3.117 106.317 3.863
201809 3.076 106.507 3.806
201812 3.080 105.998 3.829
201903 3.169 107.251 3.894
201906 2.997 108.070 3.654
201909 3.050 108.329 3.710
201912 3.044 108.420 3.700
202003 3.171 108.902 3.837
202006 3.169 108.767 3.839
202009 3.300 109.815 3.960
202012 3.582 109.897 4.295
202103 3.775 111.754 4.451
202106 3.992 114.631 4.589
202109 3.932 115.734 4.477
202112 4.269 117.630 4.782
202203 4.078 121.301 4.430
202206 4.149 125.017 4.373
202209 4.300 125.227 4.525
202212 4.476 125.222 4.710
202303 4.122 127.348 4.265
202306 4.199 128.729 4.298
202309 4.284 129.860 4.347
202312 4.371 129.419 4.451
202403 4.251 131.776 4.251

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


ASE Technology Holding Co  (NYSE:ASX) 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.

ASE Technology Holding Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.94/4.06
=2.69

* 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 ASE Technology Holding Co was 2.95. The lowest was 0.01. And the median was 0.02.


Be Aware

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


ASE Technology Holding Co Cyclically Adjusted Book per Share Related Terms

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


ASE Technology Holding Co (ASE Technology Holding Co) Business Description

Traded in Other Exchanges
Address
No. 26, Chin Third Road, Nanzih District, Kaohsiung, TWN, 811
ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, packaging services contribute the most revenue. It involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufacture, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.