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Nanya Technology (TPE:2408) Cyclically Adjusted PB Ratio : 1.31 (As of May. 14, 2024)


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What is Nanya Technology Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Nanya Technology's current share price is NT$64.40. Nanya Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$49.16. Nanya Technology's Cyclically Adjusted PB Ratio for today is 1.31.

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

TPE:2408' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.82   Max: 3.42
Current: 1.31

During the past years, Nanya Technology's highest Cyclically Adjusted PB Ratio was 3.42. The lowest was 0.83. And the median was 1.82.

TPE:2408's Cyclically Adjusted PB Ratio is ranked better than
73.9% of 682 companies
in the Semiconductors industry
Industry Median: 2.475 vs TPE:2408: 1.31

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.

Nanya Technology's adjusted book value per share data for the three months ended in Mar. 2024 was NT$54.169. 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$49.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nanya Technology Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nanya Technology'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.

Nanya Technology Cyclically Adjusted PB Ratio Chart

Nanya Technology 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 2.87 2.90 2.31 1.24 1.62

Nanya Technology 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 1.53 1.56 1.40 1.62 1.38

Competitive Comparison of Nanya Technology's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Nanya Technology'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.


Nanya Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Nanya Technology 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.

Nanya Technology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=64.40/49.16
=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.

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

For example, Nanya Technology'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)
=54.169/129.4194*129.4194
=54.169

Current CPI (Mar. 2024) = 129.4194.

Nanya Technology Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.903 100.560 12.745
201409 13.116 100.428 16.902
201412 16.835 99.070 21.992
201503 19.403 99.621 25.207
201506 19.131 100.684 24.591
201509 21.033 100.392 27.115
201512 21.978 99.792 28.503
201603 24.835 100.470 31.991
201606 22.026 101.688 28.033
201609 22.569 101.861 28.675
201612 31.130 101.863 39.552
201703 35.310 102.862 44.426
201706 35.453 103.349 44.396
201709 41.336 104.136 51.372
201712 44.535 104.011 55.414
201803 48.130 105.290 59.160
201806 48.000 106.317 58.430
201809 51.554 106.507 62.645
201812 54.019 105.998 65.955
201903 55.265 107.251 66.688
201906 49.307 108.070 59.048
201909 49.399 108.329 59.016
201912 49.785 108.420 59.428
202003 50.324 108.902 59.805
202006 49.912 108.767 59.389
202009 49.925 109.815 58.838
202012 50.043 109.897 58.933
202103 51.006 111.754 59.069
202106 51.427 114.631 58.061
202109 53.879 115.734 60.250
202112 55.856 117.630 61.454
202203 58.447 121.301 62.359
202206 57.407 125.017 59.429
202209 59.311 125.227 61.297
202212 58.411 125.222 60.369
202303 55.616 127.348 56.521
202306 55.724 128.729 56.023
202309 55.522 129.860 55.334
202312 53.879 129.419 53.879
202403 54.169 129.419 54.169

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.


Nanya Technology  (TPE:2408) 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.


Nanya Technology Cyclically Adjusted PB Ratio Related Terms

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


Nanya Technology (TPE:2408) Business Description

Traded in Other Exchanges
N/A
Address
No. 98, Nanlin Road, Dake Village, Taishan District, New Taipei City, TWN, 243-08
Nanya Technology Corp is a manufacturer that specializes in DRAM(Dynamic Random Access Memory) chips. The products offered by the company include Standard DRAM, Low Power DRAM, MCP, and Module among others.

Nanya Technology (TPE:2408) Headlines

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