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Gold Circuit Electronics (TPE:2368) Cyclically Adjusted Book per Share : NT$21.84 (As of Mar. 2024)


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What is Gold Circuit Electronics 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.

Gold Circuit Electronics's adjusted book value per share for the three months ended in Mar. 2024 was NT$34.214. 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$21.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gold Circuit Electronics's average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.40% 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 Gold Circuit Electronics was 9.40% per year. The lowest was 6.40% per year. And the median was 7.90% per year.

As of today (2024-05-25), Gold Circuit Electronics's current stock price is NT$203.00. Gold Circuit Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$21.84. Gold Circuit Electronics's Cyclically Adjusted PB Ratio of today is 9.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gold Circuit Electronics was 13.09. The lowest was 0.74. And the median was 4.59.


Gold Circuit Electronics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gold Circuit Electronics'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.

Gold Circuit Electronics Cyclically Adjusted Book per Share Chart

Gold Circuit Electronics 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 15.82 16.06 17.20 19.04 21.01

Gold Circuit Electronics 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 19.61 20.10 20.64 21.01 21.84

Competitive Comparison of Gold Circuit Electronics's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Gold Circuit Electronics'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.


Gold Circuit Electronics's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Gold Circuit Electronics's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gold Circuit Electronics's Cyclically Adjusted PB Ratio falls into.



Gold Circuit Electronics 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, Gold Circuit Electronics'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)
=34.214/131.7762*131.7762
=34.214

Current CPI (Mar. 2024) = 131.7762.

Gold Circuit Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.648 100.560 16.574
201409 13.412 100.428 17.599
201412 14.416 99.070 19.175
201503 14.876 99.621 19.678
201506 14.666 100.684 19.195
201509 14.756 100.392 19.369
201512 14.573 99.792 19.244
201603 14.179 100.470 18.597
201606 14.353 101.688 18.600
201609 14.546 101.861 18.818
201612 14.681 101.863 18.992
201703 14.170 102.862 18.153
201706 14.314 103.349 18.251
201709 14.081 104.136 17.819
201712 14.017 104.011 17.759
201803 13.710 105.290 17.159
201806 13.935 106.317 17.272
201809 14.451 106.507 17.880
201812 14.491 105.998 18.015
201903 14.051 107.251 17.264
201906 13.895 108.070 16.943
201909 14.117 108.329 17.172
201912 14.724 108.420 17.896
202003 15.520 108.902 18.780
202006 16.976 108.767 20.567
202009 18.232 109.815 21.878
202012 19.038 109.897 22.828
202103 20.224 111.754 23.847
202106 21.664 114.631 24.904
202109 21.581 115.734 24.572
202112 23.428 117.630 26.246
202203 25.520 121.301 27.724
202206 25.796 125.017 27.191
202209 27.604 125.227 29.048
202212 29.432 125.222 30.973
202303 26.837 127.348 27.770
202306 28.155 128.729 28.822
202309 31.137 129.860 31.597
202312 34.583 129.419 35.213
202403 34.214 131.776 34.214

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


Gold Circuit Electronics  (TPE:2368) 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.

Gold Circuit Electronics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=203.00/21.84
=9.29

* 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 Gold Circuit Electronics was 13.09. The lowest was 0.74. And the median was 4.59.


Be Aware

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


Gold Circuit Electronics Cyclically Adjusted Book per Share Related Terms

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


Gold Circuit Electronics (TPE:2368) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 113, Xiyuan Road, Zhongli Industrial Park, Zhongli District, Taoyuan, TWN, 320
Gold Circuit Electronics Ltd manufactures, processes and sells printed circuit boards for various applications. Its products are applies in notebooks, handheld devices, telecommunications, networking and server & storage fields, among others.

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