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Solid State System Co (ROCO:3259) Cyclically Adjusted Book per Share : NT$14.82 (As of Mar. 2024)


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What is Solid State System Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Solid State System Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$6.368. 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$14.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Solid State System Co's average Cyclically Adjusted Book Growth Rate was -6.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Solid State System Co was -4.10% per year. The lowest was -4.10% per year. And the median was -4.10% per year.

As of today (2024-06-10), Solid State System Co's current stock price is NT$27.90. Solid State System Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$14.82. Solid State System Co's Cyclically Adjusted PB Ratio of today is 1.88.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Solid State System Co was 4.30. The lowest was 1.04. And the median was 1.91.


Solid State System Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Solid State System Co's Cyclically Adjusted Book per Share 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.

Solid State System Co Cyclically Adjusted Book per Share Chart

Solid State System Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.95 16.96 16.18 15.81 14.97

Solid State System 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 Book per Share 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 15.77 15.62 15.42 14.97 14.82

Competitive Comparison of Solid State System Co's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Solid State System 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.


Solid State System Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where Solid State System Co's Cyclically Adjusted PB Ratio falls into.



Solid State System Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Solid State System 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)
=6.368/131.7762*131.7762
=6.368

Current CPI (Mar. 2024) = 131.7762.

Solid State System Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.686 100.560 21.866
201409 15.794 100.428 20.724
201412 15.683 99.070 20.861
201503 15.171 99.621 20.068
201506 14.417 100.684 18.869
201509 17.565 100.392 23.056
201512 16.760 99.792 22.132
201603 16.274 100.470 21.345
201606 15.509 101.688 20.098
201609 15.020 101.861 19.431
201612 15.188 101.863 19.648
201703 14.612 102.862 18.719
201706 13.601 103.349 17.342
201709 13.034 104.136 16.494
201712 13.425 104.011 17.009
201803 12.842 105.290 16.073
201806 12.916 106.317 16.009
201809 12.935 106.507 16.004
201812 12.955 105.998 16.106
201903 11.905 107.251 14.627
201906 11.150 108.070 13.596
201909 10.321 108.329 12.555
201912 10.222 108.420 12.424
202003 9.410 108.902 11.387
202006 10.065 108.767 12.194
202009 9.396 109.815 11.275
202012 8.479 109.897 10.167
202103 8.295 111.754 9.781
202106 8.430 114.631 9.691
202109 8.635 115.734 9.832
202112 13.077 117.630 14.650
202203 12.559 121.301 13.644
202206 12.143 125.017 12.800
202209 11.446 125.227 12.045
202212 10.000 125.222 10.523
202303 9.558 127.348 9.890
202306 8.458 128.729 8.658
202309 7.097 129.860 7.202
202312 7.480 129.419 7.616
202403 6.368 131.776 6.368

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Solid State System Co  (ROCO:3259) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Solid State System Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.90/14.82
=1.88

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Solid State System Co was 4.30. The lowest was 1.04. And the median was 1.91.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Solid State System Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Solid State System Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Solid State System Co (ROCO:3259) Business Description

Traded in Other Exchanges
N/A
Address
No. 22, Tai Yuen Street, 5th Floor-1, Tai Yuen Hi-Tech Industrial Park, Hsinchu County, Zhubei City, TWN, 30288
Solid State System Co Ltd is engaged in the production and distribution of flash memory controller integrated circuits and audio ICs. It offers various storage solutions, including USB flash controllers and SSD turn-key solutions; multimedia audio solutions, such as USB speakers, USB headsets, and USB line-in controllers; and MEMS microphones.

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