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ASE Technology Holding Co (TPE:3711) Cyclically Adjusted PB Ratio : 2.59 (As of May. 17, 2024)


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What is ASE Technology Holding Co Cyclically Adjusted PB Ratio?

As of today (2024-05-17), ASE Technology Holding Co's current share price is NT$150.00. ASE Technology Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$57.96. ASE Technology Holding Co's Cyclically Adjusted PB Ratio for today is 2.59.

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

TPE:3711' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 2.96
Current: 2.59

During the past years, ASE Technology Holding Co's highest Cyclically Adjusted PB Ratio was 2.96. The lowest was 0.01. And the median was 0.02.

TPE:3711's Cyclically Adjusted PB Ratio is ranked worse than
52.49% of 682 companies
in the Semiconductors industry
Industry Median: 2.5 vs TPE:3711: 2.59

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 adjusted book value per share data for the three months ended in Mar. 2024 was NT$67.366. 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$57.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASE Technology Holding Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ASE Technology Holding Co'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.

ASE Technology Holding Co Cyclically Adjusted PB Ratio Chart

ASE Technology Holding Co 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 0.02 2.00 2.31 1.81 2.40

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 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 2.11 2.02 1.96 2.40 2.71

Competitive Comparison of ASE Technology Holding Co's Cyclically Adjusted PB Ratio

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 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=150.00/57.96
=2.59

* 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.

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

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)
=67.366/131.7762*131.7762
=67.366

Current CPI (Mar. 2024) = 131.7762.

ASE Technology Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 31.826 100.560 41.706
201409 34.020 100.428 44.639
201412 37.384 99.070 49.726
201503 38.197 99.621 50.526
201506 36.702 100.684 48.036
201509 39.465 100.392 51.803
201512 38.889 99.792 51.353
201603 39.791 100.470 52.190
201606 38.892 101.688 50.400
201609 39.033 101.861 50.496
201612 38.855 101.863 50.265
201703 41.182 102.862 52.758
201706 41.670 103.349 53.132
201709 43.337 104.136 54.840
201712 44.413 104.011 56.269
201803 45.553 105.290 57.012
201806 46.889 106.317 58.117
201809 47.252 106.507 58.463
201812 47.399 105.998 58.926
201903 48.890 107.251 60.070
201906 46.885 108.070 57.170
201909 47.387 108.329 57.643
201912 46.058 108.420 55.980
202003 47.779 108.902 57.815
202006 46.985 108.767 56.924
202009 48.179 109.815 57.814
202012 50.510 109.897 60.566
202103 53.352 111.754 62.910
202106 55.451 114.631 63.745
202109 54.498 115.734 62.052
202112 59.222 117.630 66.344
202203 57.967 121.301 62.973
202206 61.408 125.017 64.728
202209 67.253 125.227 70.771
202212 68.607 125.222 72.198
202303 62.935 127.348 65.124
202306 64.744 128.729 66.277
202309 68.631 129.860 69.644
202312 68.301 129.419 69.545
202403 67.366 131.776 67.366

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.


ASE Technology Holding Co  (TPE:3711) 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.


ASE Technology Holding Co Cyclically Adjusted PB Ratio Related Terms

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


ASE Technology Holding Co (TPE:3711) 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.

ASE Technology Holding Co (TPE:3711) Headlines

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