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Chaintech Technology (TPE:2425) Cyclically Adjusted Book per Share : NT$20.77 (As of Mar. 2024)


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What is Chaintech Technology 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.

Chaintech Technology's adjusted book value per share for the three months ended in Mar. 2024 was NT$23.308. 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$20.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chaintech Technology's average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.60% 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 Chaintech Technology was 9.60% per year. The lowest was 7.90% per year. And the median was 8.75% per year.

As of today (2024-06-14), Chaintech Technology's current stock price is NT$38.40. Chaintech Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$20.77. Chaintech Technology's Cyclically Adjusted PB Ratio of today is 1.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Chaintech Technology was 2.74. The lowest was 1.21. And the median was 1.75.


Chaintech Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for Chaintech Technology'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.

Chaintech Technology Cyclically Adjusted Book per Share Chart

Chaintech Technology 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 15.06 15.39 16.99 18.92 20.27

Chaintech Technology 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 19.45 19.83 20.19 20.27 20.77

Competitive Comparison of Chaintech Technology's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Chaintech Technology'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.


Chaintech Technology's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Chaintech Technology 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, Chaintech Technology'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)
=23.308/131.7762*131.7762
=23.308

Current CPI (Mar. 2024) = 131.7762.

Chaintech Technology Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.532 100.560 17.733
201409 14.216 100.428 18.654
201412 14.988 99.070 19.936
201503 15.015 99.621 19.861
201506 14.649 100.684 19.173
201509 15.912 100.392 20.886
201512 16.238 99.792 21.442
201603 16.351 100.470 21.446
201606 16.087 101.688 20.847
201609 16.065 101.861 20.783
201612 16.488 101.863 21.330
201703 15.688 102.862 20.098
201706 15.720 103.349 20.044
201709 15.862 104.136 20.072
201712 15.777 104.011 19.989
201803 16.325 105.290 20.432
201806 17.188 106.317 21.304
201809 17.053 106.507 21.099
201812 17.085 105.998 21.240
201903 17.382 107.251 21.357
201906 16.105 108.070 19.638
201909 16.703 108.329 20.318
201912 16.084 108.420 19.549
202003 15.497 108.902 18.752
202006 15.795 108.767 19.136
202009 16.969 109.815 20.363
202012 17.869 109.897 21.427
202103 18.697 111.754 22.047
202106 18.095 114.631 20.801
202109 17.740 115.734 20.199
202112 18.744 117.630 20.998
202203 19.521 121.301 21.207
202206 19.669 125.017 20.732
202209 20.927 125.227 22.022
202212 20.945 125.222 22.041
202303 21.776 127.348 22.533
202306 21.288 128.729 21.792
202309 22.969 129.860 23.308
202312 22.575 129.419 22.986
202403 23.308 131.776 23.308

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


Chaintech Technology  (TPE:2425) 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.

Chaintech Technology's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.40/20.77
=1.85

* 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 Chaintech Technology was 2.74. The lowest was 1.21. And the median was 1.75.


Be Aware

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


Chaintech Technology Cyclically Adjusted Book per Share Related Terms

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


Chaintech Technology (TPE:2425) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 48-3, Minsheng Road, 3rd Floor, Xindian District, New Taipei City, TWN, 23141
Chaintech Technology Corp is engaged in the business of buying and selling and manufacturing motherboards, display cards, and computer peripherals. The company has reportable segments named consumer electronic products and AI servers. It generates revenues from the sales of computer peripherals, all-in-one (AIO), and service revenues from China. Geographically Mainland china is the major contributor of the revenue for the company.

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