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Winbond Electronics (TPE:2344) Cyclically Adjusted PB Ratio : 1.31 (As of Jun. 04, 2024)


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What is Winbond Electronics Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Winbond Electronics's current share price is NT$24.10. Winbond Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$18.46. Winbond Electronics's Cyclically Adjusted PB Ratio for today is 1.31.

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

TPE:2344' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.51   Max: 2.71
Current: 1.35

During the past years, Winbond Electronics's highest Cyclically Adjusted PB Ratio was 2.71. The lowest was 0.87. And the median was 1.51.

TPE:2344's Cyclically Adjusted PB Ratio is ranked better than
71.72% of 686 companies
in the Semiconductors industry
Industry Median: 2.575 vs TPE:2344: 1.35

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.

Winbond Electronics's adjusted book value per share data for the three months ended in Mar. 2024 was NT$21.761. 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$18.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winbond Electronics Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Winbond 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.

Winbond Electronics Cyclically Adjusted PB Ratio Chart

Winbond 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 1.58 2.26 2.35 1.19 1.70

Winbond 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 1.56 1.57 1.42 1.70 1.47

Competitive Comparison of Winbond Electronics's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Winbond 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.


Winbond Electronics's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Winbond 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.10/18.46
=1.31

* 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.

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

For example, Winbond 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)
=21.761/131.7762*131.7762
=21.761

Current CPI (Mar. 2024) = 131.7762.

Winbond Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.746 100.560 12.771
201409 9.820 100.428 12.885
201412 10.134 99.070 13.480
201503 10.306 99.621 13.633
201506 10.205 100.684 13.356
201509 10.387 100.392 13.634
201512 10.657 99.792 14.073
201603 11.015 100.470 14.447
201606 11.173 101.688 14.479
201609 11.664 101.861 15.090
201612 12.032 101.863 15.565
201703 12.583 102.862 16.120
201706 12.313 103.349 15.700
201709 13.345 104.136 16.887
201712 14.998 104.011 19.002
201803 15.401 105.290 19.275
201806 15.943 106.317 19.761
201809 15.877 106.507 19.644
201812 15.554 105.998 19.337
201903 15.889 107.251 19.522
201906 14.677 108.070 17.897
201909 14.913 108.329 18.141
201912 15.199 108.420 18.473
202003 14.225 108.902 17.213
202006 14.765 108.767 17.888
202009 15.048 109.815 18.057
202012 16.302 109.897 19.548
202103 16.976 111.754 20.017
202106 18.977 114.631 21.815
202109 18.958 115.734 21.586
202112 20.535 117.630 23.005
202203 20.586 121.301 22.364
202206 21.552 125.017 22.717
202209 22.699 125.227 23.886
202212 23.454 125.222 24.682
202303 22.666 127.348 23.454
202306 22.098 128.729 22.621
202309 21.616 129.860 21.935
202312 22.081 129.419 22.483
202403 21.761 131.776 21.761

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.


Winbond Electronics  (TPE:2344) 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.


Winbond Electronics Cyclically Adjusted PB Ratio Related Terms

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


Winbond Electronics (TPE:2344) Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Keya 1st Road, Central Science Park, Daya District, Taichung, TWN
Winbond Electronics Corp is engaged in the design, development, manufacture, and marketing of Very Large Scale Integration integrated circuits used in a variety of microelectronic applications. The company's operating segment includes DRAM IC products; Flash Memory product and Logic IC product. It generates maximum revenue from the Flash Memory product segment. The Flash Memory product segment engages mainly in the manufacturing, selling, researching, designing and after-sales service of Flash Memory product. Geographically, it derives a majority of revenue from Asia.

Winbond Electronics (TPE:2344) Headlines

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