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International Games System Co (ROCO:3293) Cyclically Adjusted Book per Share : NT$45.73 (As of Mar. 2024)


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What is International Games 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.

International Games System Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$65.115. 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$45.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, International Games System Co's average Cyclically Adjusted Book Growth Rate was 15.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.70% 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 International Games System Co was 18.70% per year. The lowest was 11.50% per year. And the median was 15.40% per year.

As of today (2024-06-05), International Games System Co's current stock price is NT$1050.00. International Games System Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$45.73. International Games System Co's Cyclically Adjusted PB Ratio of today is 22.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of International Games System Co was 25.73. The lowest was 3.15. And the median was 12.79.


International Games System Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for International Games 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.

International Games System Co Cyclically Adjusted Book per Share Chart

International Games 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 24.30 26.26 31.36 37.35 43.92

International Games 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 39.47 40.88 42.51 43.92 45.73

Competitive Comparison of International Games System Co's Cyclically Adjusted Book per Share

For the Electronic Gaming & Multimedia subindustry, International Games 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.


International Games System Co's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, International Games System Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



International Games 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, International Games 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)
=65.115/131.7762*131.7762
=65.115

Current CPI (Mar. 2024) = 131.7762.

International Games System Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.250 100.560 23.915
201409 18.922 100.428 24.828
201412 19.258 99.070 25.616
201503 19.360 99.621 25.609
201506 18.533 100.684 24.256
201509 19.274 100.392 25.299
201512 20.034 99.792 26.455
201603 21.776 100.470 28.561
201606 21.421 101.688 27.759
201609 22.701 101.861 29.368
201612 24.111 101.863 31.192
201703 25.433 102.862 32.582
201706 22.246 103.349 28.365
201709 24.345 104.136 30.807
201712 26.027 104.011 32.975
201803 27.751 105.290 34.732
201806 23.768 106.317 29.460
201809 25.061 106.507 31.007
201812 26.769 105.998 33.279
201903 29.275 107.251 35.970
201906 27.096 108.070 33.040
201909 31.306 108.329 38.082
201912 35.431 108.420 43.064
202003 41.089 108.902 49.720
202006 34.581 108.767 41.896
202009 40.975 109.815 49.169
202012 47.176 109.897 56.568
202103 55.582 111.754 65.540
202106 63.793 114.631 73.334
202109 50.897 115.734 57.952
202112 63.585 117.630 71.232
202203 71.443 121.301 77.613
202206 55.243 125.017 58.230
202209 65.196 125.227 68.606
202212 75.655 125.222 79.615
202303 86.480 127.348 89.487
202306 63.050 128.729 64.543
202309 75.093 129.860 76.201
202312 86.531 129.419 88.107
202403 65.115 131.776 65.115

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


International Games System Co  (ROCO:3293) 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.

International Games System Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1050.00/45.73
=22.96

* 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 International Games System Co was 25.73. The lowest was 3.15. And the median was 12.79.


Be Aware

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


International Games System Co Cyclically Adjusted Book per Share Related Terms

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


International Games System Co (ROCO:3293) Business Description

Traded in Other Exchanges
N/A
Address
No. 130, Wugong Road, Wugu District, New Taipei, TWN, 24886
International Games System Co Ltd plans, designs, researches, develops, manufactures, markets, and services commercial electronic arcade games, related software and hardware products, online games and mobile games. It offers arcade game, online game, mobile game, simulator machine games and online games. All the business activity is primarily operated through Taiwan.

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