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Lingsen Precision Industries (TPE:2369) Cyclically Adjusted Book per Share : NT$18.41 (As of Mar. 2024)


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What is Lingsen Precision Industries 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.

Lingsen Precision Industries's adjusted book value per share for the three months ended in Mar. 2024 was NT$14.330. 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$18.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lingsen Precision Industries's average Cyclically Adjusted Book Growth Rate was -2.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% 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 Lingsen Precision Industries was 2.20% per year. The lowest was 1.80% per year. And the median was 2.00% per year.

As of today (2024-05-22), Lingsen Precision Industries's current stock price is NT$21.50. Lingsen Precision Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$18.41. Lingsen Precision Industries's Cyclically Adjusted PB Ratio of today is 1.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lingsen Precision Industries was 1.75. The lowest was 0.43. And the median was 0.87.


Lingsen Precision Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lingsen Precision Industries'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.

Lingsen Precision Industries Cyclically Adjusted Book per Share Chart

Lingsen Precision Industries 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 17.37 17.14 17.79 18.35 18.28

Lingsen Precision Industries 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 18.50 18.54 18.53 18.28 18.41

Competitive Comparison of Lingsen Precision Industries's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Lingsen Precision Industries'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.


Lingsen Precision Industries's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where Lingsen Precision Industries's Cyclically Adjusted PB Ratio falls into.



Lingsen Precision Industries 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, Lingsen Precision Industries'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)
=14.33/131.7762*131.7762
=14.330

Current CPI (Mar. 2024) = 131.7762.

Lingsen Precision Industries Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.376 100.560 21.460
201409 16.671 100.428 21.875
201412 16.901 99.070 22.481
201503 17.176 99.621 22.720
201506 16.307 100.684 21.343
201509 16.176 100.392 21.233
201512 16.205 99.792 21.399
201603 15.958 100.470 20.930
201606 15.663 101.688 20.297
201609 16.112 101.861 20.844
201612 16.475 101.863 21.313
201703 16.498 102.862 21.135
201706 16.092 103.349 20.518
201709 16.209 104.136 20.511
201712 16.271 104.011 20.614
201803 16.175 105.290 20.244
201806 15.674 106.317 19.427
201809 15.564 106.507 19.257
201812 15.370 105.998 19.108
201903 14.799 107.251 18.183
201906 14.219 108.070 17.338
201909 13.971 108.329 16.995
201912 13.692 108.420 16.642
202003 13.546 108.902 16.391
202006 13.395 108.767 16.229
202009 13.341 109.815 16.009
202012 13.211 109.897 15.841
202103 13.483 111.754 15.899
202106 13.979 114.631 16.070
202109 14.767 115.734 16.814
202112 15.631 117.630 17.511
202203 16.099 121.301 17.489
202206 15.032 125.017 15.845
202209 14.980 125.227 15.763
202212 15.253 125.222 16.051
202303 15.008 127.348 15.530
202306 14.705 128.729 15.053
202309 14.688 129.860 14.905
202312 14.546 129.419 14.811
202403 14.330 131.776 14.330

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


Lingsen Precision Industries  (TPE:2369) 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.

Lingsen Precision Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.50/18.41
=1.17

* 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 Lingsen Precision Industries was 1.75. The lowest was 0.43. And the median was 0.87.


Be Aware

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


Lingsen Precision Industries Cyclically Adjusted Book per Share Related Terms

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


Lingsen Precision Industries (TPE:2369) Business Description

Traded in Other Exchanges
N/A
Address
No. 5-1, South 2nd Road, Tanzi District, Taichung, TWN, 427058
Lingsen Precision Industries Ltd operates in the semiconductor industry. The company is engaged in the packaging, processing, testing and distribution of integrated circuits and various semiconductor components. The main business is IC packaging and testing as well as optoelectronic devices.

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