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Shih-Kuen Co (ROCO:4305) Cyclically Adjusted Book per Share : NT$21.79 (As of Mar. 2024)


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What is Shih-Kuen 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.

Shih-Kuen Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$21.732. 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$21.79 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.30% 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 Shih-Kuen Co was 6.30% per year. The lowest was 5.90% per year. And the median was 6.10% per year.

As of today (2024-06-09), Shih-Kuen Co's current stock price is NT$45.70. Shih-Kuen Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$21.79. Shih-Kuen Co's Cyclically Adjusted PB Ratio of today is 2.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shih-Kuen Co was 2.19. The lowest was 1.41. And the median was 1.79.


Shih-Kuen Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Shih-Kuen 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.

Shih-Kuen Co Cyclically Adjusted Book per Share Chart

Shih-Kuen 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 17.43 17.79 19.34 20.69 21.39

Shih-Kuen 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 - 21.27 21.47 21.39 21.79

Competitive Comparison of Shih-Kuen Co's Cyclically Adjusted Book per Share

For the Auto Parts subindustry, Shih-Kuen 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.


Shih-Kuen Co's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shih-Kuen Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shih-Kuen Co's Cyclically Adjusted PB Ratio falls into.



Shih-Kuen 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, Shih-Kuen 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)
=21.732/131.7762*131.7762
=21.732

Current CPI (Mar. 2024) = 131.7762.

Shih-Kuen Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.053 100.560 19.726
201409 15.554 100.428 20.409
201412 16.200 99.070 21.548
201503 16.679 99.621 22.063
201506 15.652 100.684 20.486
201509 16.500 100.392 21.658
201512 17.332 99.792 22.887
201603 17.959 100.470 23.555
201606 16.593 101.688 21.503
201609 17.003 101.861 21.997
201612 17.958 101.863 23.232
201703 18.341 102.862 23.497
201706 16.733 103.349 21.336
201709 17.404 104.136 22.024
201712 18.041 104.011 22.857
201803 18.731 105.290 23.443
201806 17.416 106.317 21.587
201809 18.074 106.507 22.362
201812 18.832 105.998 23.412
201903 19.538 107.251 24.006
201906 17.693 108.070 21.574
201909 18.274 108.329 22.229
201912 18.537 108.420 22.530
202003 19.289 108.902 23.341
202006 17.386 108.767 21.064
202009 17.949 109.815 21.539
202012 18.527 109.897 22.216
202103 19.219 111.754 22.662
202106 19.511 114.631 22.429
202109 18.112 115.734 20.622
202112 18.794 117.630 21.054
202203 19.550 121.301 21.238
202206 18.549 125.017 19.552
202209 19.397 125.227 20.412
202212 19.736 125.222 20.769
202303 0.000 127.348 0.000
202306 19.135 128.729 19.588
202309 20.267 129.860 20.566
202312 20.640 129.419 21.016
202403 21.732 131.776 21.732

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


Shih-Kuen Co  (ROCO:4305) 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.

Shih-Kuen Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=45.70/21.79
=2.10

* 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 Shih-Kuen Co was 2.19. The lowest was 1.41. And the median was 1.79.


Be Aware

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


Shih-Kuen Co Cyclically Adjusted Book per Share Related Terms

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


Shih-Kuen Co (ROCO:4305) Business Description

Traded in Other Exchanges
N/A
Address
32-26 Ma-Kou Li, Ma-Tou Chen, Tainan, TWN
Shih-Kuen Co Ltd is a Taiwan based plastic products manufacturing company. Its product portfolio comprises of plastic sheets, inflatable toys, table cloths and table mats, construction materials, flooring tiles, hand bags, stationery, signboards and sunshade curtains, among others.

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