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Securitag Assembly Group Co (ROCO:6417) Cyclically Adjusted Book per Share : NT$27.37 (As of Mar. 2024)


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What is Securitag Assembly Group 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.

Securitag Assembly Group Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$36.431. 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$27.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Securitag Assembly Group Co's average Cyclically Adjusted Book Growth Rate was 9.80% 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.

As of today (2024-06-09), Securitag Assembly Group Co's current stock price is NT$113.50. Securitag Assembly Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$27.37. Securitag Assembly Group Co's Cyclically Adjusted PB Ratio of today is 4.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Securitag Assembly Group Co was 6.64. The lowest was 3.44. And the median was 3.88.


Securitag Assembly Group Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Securitag Assembly Group 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.

Securitag Assembly Group Co Cyclically Adjusted Book per Share Chart

Securitag Assembly Group 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 - - - 24.24 26.64

Securitag Assembly Group 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 24.92 25.61 26.28 26.64 27.37

Competitive Comparison of Securitag Assembly Group Co's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Securitag Assembly Group 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.


Securitag Assembly Group Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Securitag Assembly Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Securitag Assembly Group Co's Cyclically Adjusted PB Ratio falls into.



Securitag Assembly Group 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, Securitag Assembly Group 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)
=36.431/131.7762*131.7762
=36.431

Current CPI (Mar. 2024) = 131.7762.

Securitag Assembly Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.565 100.560 19.086
201409 0.000 100.428 0.000
201412 15.468 99.070 20.575
201503 15.703 99.621 20.772
201506 15.509 100.684 20.298
201509 16.526 100.392 21.692
201512 18.528 99.792 24.466
201603 18.910 100.470 24.802
201606 17.968 101.688 23.284
201609 18.665 101.861 24.147
201612 19.504 101.863 25.232
201703 19.781 102.862 25.341
201706 18.706 103.349 23.851
201709 18.981 104.136 24.019
201712 19.329 104.011 24.489
201803 19.535 105.290 24.449
201806 19.112 106.317 23.689
201809 19.560 106.507 24.201
201812 19.821 105.998 24.641
201903 20.180 107.251 24.795
201906 20.232 108.070 24.670
201909 20.846 108.329 25.358
201912 21.357 108.420 25.958
202003 22.101 108.902 26.743
202006 21.733 108.767 26.330
202009 22.332 109.815 26.798
202012 22.909 109.897 27.470
202103 23.486 111.754 27.694
202106 24.197 114.631 27.816
202109 30.026 115.734 34.188
202112 30.862 117.630 34.574
202203 31.404 121.301 34.116
202206 30.849 125.017 32.517
202209 32.501 125.227 34.201
202212 33.887 125.222 35.661
202303 34.839 127.348 36.050
202306 33.946 128.729 34.750
202309 35.231 129.860 35.751
202312 35.708 129.419 36.358
202403 36.431 131.776 36.431

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


Securitag Assembly Group Co  (ROCO:6417) 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.

Securitag Assembly Group Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=113.50/27.37
=4.15

* 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 Securitag Assembly Group Co was 6.64. The lowest was 3.44. And the median was 3.88.


Be Aware

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


Securitag Assembly Group Co Cyclically Adjusted Book per Share Related Terms

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


Securitag Assembly Group Co (ROCO:6417) Business Description

Traded in Other Exchanges
N/A
Address
NO. 1 Gongye 9th Road, Dali District, Taichung, TWN, 41280
Securitag Assembly Group Co Ltd is Developer and manufacturer of radio frequency identification (RFID) transponders. The group delivers both standard and customized RFID products of inlays, labels, cards, key fobs and tags.

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