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GlobalWafers Co (ROCO:6488) Cyclically Adjusted Book per Share : NT$102.29 (As of Mar. 2024)


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What is GlobalWafers 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.

GlobalWafers Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$149.584. 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$102.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GlobalWafers Co's average Cyclically Adjusted Book Growth Rate was 11.90% 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 (2024-05-21), GlobalWafers Co's current stock price is NT$517.00. GlobalWafers Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$102.29. GlobalWafers Co's Cyclically Adjusted PB Ratio of today is 5.05.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of GlobalWafers Co was 6.48. The lowest was 4.74. And the median was 5.42.


GlobalWafers Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for GlobalWafers 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.

GlobalWafers Co Cyclically Adjusted Book per Share Chart

GlobalWafers 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 - - - - 99.24

GlobalWafers 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 91.39 94.63 96.95 99.24 102.29

Competitive Comparison of GlobalWafers Co's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, GlobalWafers 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.


GlobalWafers Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



GlobalWafers 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, GlobalWafers 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)
=149.584/131.7762*131.7762
=149.584

Current CPI (Mar. 2024) = 131.7762.

GlobalWafers Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 38.328 100.560 50.226
201409 0.000 100.428 0.000
201412 40.381 99.070 53.712
201503 44.685 99.621 59.108
201506 39.783 100.684 52.068
201509 44.590 100.392 58.530
201512 45.293 99.792 59.810
201603 46.706 100.470 61.259
201606 44.853 101.688 58.124
201609 45.890 101.861 59.367
201612 42.721 101.863 55.267
201703 42.390 102.862 54.306
201706 69.044 103.349 88.035
201709 72.668 104.136 91.956
201712 77.864 104.011 98.649
201803 84.876 105.290 106.227
201806 83.875 106.317 103.960
201809 91.166 106.507 112.796
201812 99.117 105.998 123.222
201903 107.876 107.251 132.545
201906 92.580 108.070 112.889
201909 98.958 108.329 120.376
201912 103.546 108.420 125.852
202003 84.031 108.902 101.682
202006 91.211 108.767 110.506
202009 99.011 109.815 118.812
202012 101.450 109.897 121.648
202103 102.810 111.754 121.229
202106 104.535 114.631 120.170
202109 108.932 115.734 124.031
202112 104.843 117.630 117.452
202203 108.644 121.301 118.026
202206 103.137 125.017 108.713
202209 115.088 125.227 121.107
202212 124.815 125.222 131.348
202303 133.648 127.348 138.295
202306 135.647 128.729 138.858
202309 152.060 129.860 154.304
202312 152.367 129.419 155.142
202403 149.584 131.776 149.584

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


GlobalWafers Co  (ROCO:6488) 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.

GlobalWafers Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=517.00/102.29
=5.05

* 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 12 years, the highest Cyclically Adjusted PB Ratio of GlobalWafers Co was 6.48. The lowest was 4.74. And the median was 5.42.


Be Aware

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


GlobalWafers Co Cyclically Adjusted Book per Share Related Terms

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


GlobalWafers Co (ROCO:6488) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 8, Industrial East Road 2, Science-Based Industrial Park, Hsinchu, TWN
GlobalWafers is 51% owned by Sino-American Silicon Products Inc, after being spun off in 2011. The main source of the company's revenue is selling silicon wafers to chipmakers like Taiwan Semiconductor and Texas Instruments. It also derives sales from nonsilicon wafers and green energy. GlobalWafers runs 17 production sites in nine countries across Asia, North America, and Europe. GlobalWafers is headquartered in Hsinchu, Taiwan, and employs over 7,000 people.

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