GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ASM International NV (OTCPK:ASMIY) » Definitions » Cyclically Adjusted PB Ratio

ASM International NV (ASM International NV) Cyclically Adjusted PB Ratio : 14.70 (As of Jun. 10, 2024)


View and export this data going back to 2015. Start your Free Trial

What is ASM International NV Cyclically Adjusted PB Ratio?

As of today (2024-06-10), ASM International NV's current share price is $740.79. ASM International NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $50.41. ASM International NV's Cyclically Adjusted PB Ratio for today is 14.70.

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

ASMIY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.53   Med: 3.15   Max: 14.75
Current: 14.75

During the past years, ASM International NV's highest Cyclically Adjusted PB Ratio was 14.75. The lowest was 1.53. And the median was 3.15.

ASMIY's Cyclically Adjusted PB Ratio is ranked worse than
93.9% of 688 companies
in the Semiconductors industry
Industry Median: 2.555 vs ASMIY: 14.75

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.

ASM International NV's adjusted book value per share data for the three months ended in Mar. 2024 was $75.588. 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 $50.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASM International NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ASM International NV'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.

ASM International NV Cyclically Adjusted PB Ratio Chart

ASM International NV 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 3.77 6.02 11.19 5.64 10.47

ASM International NV 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 8.80 9.02 8.99 10.47 12.14

Competitive Comparison of ASM International NV's Cyclically Adjusted PB Ratio

For the Semiconductor Equipment & Materials subindustry, ASM International NV'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.


ASM International NV's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



ASM International NV 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.

ASM International NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=740.79/50.41
=14.70

* 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.

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

For example, ASM International NV'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)
=75.588/128.5800*128.5800
=75.588

Current CPI (Mar. 2024) = 128.5800.

ASM International NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 32.354 99.240 41.919
201409 33.620 99.960 43.246
201412 33.863 99.050 43.959
201503 32.746 99.750 42.210
201506 32.812 100.230 42.093
201509 33.170 100.500 42.438
201512 34.395 99.730 44.345
201603 34.163 100.310 43.791
201606 35.273 100.260 45.236
201609 35.694 100.570 45.635
201612 35.237 100.710 44.988
201703 36.375 101.440 46.107
201706 37.634 101.370 47.736
201709 38.616 102.030 48.665
201712 42.403 101.970 53.468
201803 42.089 102.470 52.814
201806 42.159 103.100 52.578
201809 37.486 103.950 46.368
201812 37.866 103.970 46.829
201903 39.286 105.370 47.940
201906 40.546 105.840 49.257
201909 41.919 106.700 50.515
201912 41.352 106.800 49.785
202003 43.132 106.850 51.904
202006 42.616 107.510 50.968
202009 44.380 107.880 52.896
202012 46.318 107.850 55.221
202103 48.857 108.870 57.702
202106 49.231 109.670 57.720
202109 51.273 110.790 59.506
202112 52.154 114.010 58.819
202203 54.676 119.460 58.850
202206 55.072 119.050 59.481
202209 50.205 126.890 50.874
202212 59.044 124.940 60.764
202303 67.021 124.720 69.095
202306 66.962 125.830 68.425
202309 69.015 127.160 69.786
202312 71.519 126.450 72.724
202403 75.588 128.580 75.588

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.


ASM International NV  (OTCPK:ASMIY) 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.


ASM International NV Cyclically Adjusted PB Ratio Related Terms

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


ASM International NV (ASM International NV) Business Description

Address
Versterkerstraat 8, Almere, FL, NLD, 1322 AP
Based in the Netherlands, ASM International supplies semiconductor manufacturing equipment. ASM's front-end equipment, such as atomic layer deposition, or ALD, and epitaxial tools, are used in the preparation of silicon wafers and fabrication of semiconductor layers. The firm is the top supplier in the ALD equipment segment. ASM's 25%-owned subsidiary, ASM Pacific Technology, manufactures back-end tools used to assemble and package semiconductors into their final form.