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Shieh Yih Machinery Industry Co (ROCO:4533) Cyclically Adjusted Book per Share : NT$18.89 (As of Jun. 2024)


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What is Shieh Yih Machinery Industry 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.

Shieh Yih Machinery Industry Co's adjusted book value per share for the three months ended in Jun. 2024 was NT$16.146. 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$18.89 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Shieh Yih Machinery Industry Co's average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.20% 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 Shieh Yih Machinery Industry Co was 4.20% per year. The lowest was 3.80% per year. And the median was 4.00% per year.

As of today (2024-10-31), Shieh Yih Machinery Industry Co's current stock price is NT$39.70. Shieh Yih Machinery Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was NT$18.89. Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio of today is 2.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shieh Yih Machinery Industry Co was 2.69. The lowest was 0.55. And the median was 0.69.


Shieh Yih Machinery Industry Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Shieh Yih Machinery Industry 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.

Shieh Yih Machinery Industry Co Cyclically Adjusted Book per Share Chart

Shieh Yih Machinery Industry 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 16.41 16.50 17.52 18.37 18.67

Shieh Yih Machinery Industry Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 18.72 18.82 18.67 18.89 18.89

Competitive Comparison of Shieh Yih Machinery Industry Co's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Shieh Yih Machinery Industry 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.


Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio falls into.



Shieh Yih Machinery Industry 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, Shieh Yih Machinery Industry Co's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=16.146/132.5538*132.5538
=16.146

Current CPI (Jun. 2024) = 132.5538.

Shieh Yih Machinery Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201409 15.839 100.428 20.906
201412 16.519 99.070 22.102
201503 16.793 99.621 22.344
201506 16.148 100.684 21.259
201509 16.822 100.392 22.211
201512 16.533 99.792 21.961
201603 16.795 100.470 22.158
201606 16.458 101.688 21.454
201609 16.509 101.861 21.483
201612 16.112 101.863 20.967
201703 15.379 102.862 19.818
201706 15.368 103.349 19.711
201709 15.635 104.136 19.902
201712 15.801 104.011 20.137
201803 15.868 105.290 19.977
201806 15.757 106.317 19.646
201809 15.408 106.507 19.176
201812 15.903 105.998 19.887
201903 15.996 107.251 19.770
201906 15.521 108.070 19.037
201909 15.242 108.329 18.650
201912 15.263 108.420 18.660
202003 14.865 108.902 18.094
202006 14.748 108.767 17.973
202009 14.760 109.815 17.816
202012 14.987 109.897 18.077
202103 14.696 111.754 17.431
202106 14.795 114.631 17.108
202109 14.857 115.734 17.016
202112 15.057 117.630 16.967
202203 15.160 121.301 16.566
202206 15.079 125.017 15.988
202209 15.706 125.227 16.625
202212 15.313 125.222 16.210
202303 15.323 127.348 15.949
202306 16.055 128.729 16.532
202309 16.630 129.860 16.975
202312 16.291 129.419 16.686
202403 16.038 131.776 16.133
202406 16.146 132.554 16.146

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


Shieh Yih Machinery Industry Co  (ROCO:4533) 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.

Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=39.70/18.89
=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 Shieh Yih Machinery Industry Co was 2.69. The lowest was 0.55. And the median was 0.69.


Be Aware

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


Shieh Yih Machinery Industry Co Cyclically Adjusted Book per Share Related Terms

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


Shieh Yih Machinery Industry Co Business Description

Traded in Other Exchanges
N/A
Address
No.446, Nanshang Road, Guishan District, Taoyuan, TWN, 333014
Shieh Yih Machinery Industry Co Ltd designs, develops, manufactures, and sells machinery, and provides IT software services and other design services. The company derives the majority of its revenue from sales of equipment. Its products comprise Straight Side Mechanical Press, Servo Press, and Link Mechanical Press, among others.

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