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Delta Electronics (TPE:2308) Cyclically Adjusted PB Ratio : 5.07 (As of May. 20, 2024)


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What is Delta Electronics Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Delta Electronics's current share price is NT$322.50. Delta Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$63.57. Delta Electronics's Cyclically Adjusted PB Ratio for today is 5.07.

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

TPE:2308' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.65   Med: 4.9   Max: 6.73
Current: 5.07

During the past years, Delta Electronics's highest Cyclically Adjusted PB Ratio was 6.73. The lowest was 2.65. And the median was 4.90.

TPE:2308's Cyclically Adjusted PB Ratio is ranked worse than
88.17% of 1868 companies
in the Hardware industry
Industry Median: 1.645 vs TPE:2308: 5.07

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.

Delta Electronics's adjusted book value per share data for the three months ended in Mar. 2024 was NT$81.273. 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$63.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Delta Electronics Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Delta Electronics'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.

Delta Electronics Cyclically Adjusted PB Ratio Chart

Delta Electronics 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 3.42 5.71 5.36 5.02 5.08

Delta Electronics 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 5.12 5.74 5.29 5.08 5.38

Competitive Comparison of Delta Electronics's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Delta Electronics'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.


Delta Electronics's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Delta Electronics 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.

Delta Electronics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=322.50/63.57
=5.07

* 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.

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

For example, Delta Electronics'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)
=81.273/131.7762*131.7762
=81.273

Current CPI (Mar. 2024) = 131.7762.

Delta Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201406 36.111 100.560 47.321
201409 38.965 100.428 51.128
201412 42.098 99.070 55.996
201503 43.182 99.621 57.120
201506 37.292 100.684 48.808
201509 39.054 100.392 51.263
201512 47.880 99.792 63.226
201603 48.449 100.470 63.545
201606 44.606 101.688 57.804
201609 45.488 101.861 58.847
201612 47.782 101.863 61.814
201703 47.273 102.862 60.561
201706 44.252 103.349 56.424
201709 46.574 104.136 58.936
201712 47.952 104.011 60.752
201803 48.668 105.290 60.911
201806 45.485 106.317 56.377
201809 47.539 106.507 58.818
201812 50.152 105.998 62.349
201903 51.942 107.251 63.820
201906 51.973 108.070 63.374
201909 53.141 108.329 64.643
201912 53.958 108.420 65.582
202003 53.787 108.902 65.085
202006 51.221 108.767 62.056
202009 54.100 109.815 64.919
202012 56.168 109.897 67.351
202103 59.211 111.754 69.819
202106 55.421 114.631 63.710
202109 57.327 115.734 65.273
202112 59.590 117.630 66.757
202203 64.140 121.301 69.679
202206 62.617 125.017 66.003
202209 70.059 125.227 73.723
202212 71.910 125.222 75.674
202303 74.407 127.348 76.994
202306 68.220 128.729 69.835
202309 76.027 129.860 77.149
202312 76.674 129.419 78.070
202403 81.273 131.776 81.273

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.


Delta Electronics  (TPE:2308) 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.


Delta Electronics Cyclically Adjusted PB Ratio Related Terms

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


Delta Electronics (TPE:2308) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 186, Ruey Kuang Road, Neihu District, Taipei, TWN, 11491
Founded in 1971, Delta Electronics, or Delta, is the largest industrial power system supplier globally. It positions itself as a solutions provider in telecom power, renewable energy, surveillance systems, new energy vehicles power systems, smart building, industrial automation, and data centers. Delta also trades under Innergie, Loytec, Delta Controls and Amerlux. The company's headquarters are in Taipei, Taiwan, and employs over 11,000 people in 30 countries. A group of Delta's subsidiaries consolidated under Delta Electronics (Thailand) Public Company Limited, or DET, is listed on the Stock Exchange of Thailand. DET is 63.1% owned by Delta. The company owns 56.75% of surveillance system provider Vivotek (3454 TW).

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