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Ite Tech (TPE:3014) Cyclically Adjusted Book per Share : NT$32.51 (As of Mar. 2024)


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What is Ite Tech 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.

Ite Tech's adjusted book value per share for the three months ended in Mar. 2024 was NT$42.174. 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$32.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ite Tech's average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.40% 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 Ite Tech was 5.40% per year. The lowest was 3.20% per year. And the median was 4.30% per year.

As of today (2024-05-17), Ite Tech's current stock price is NT$168.00. Ite Tech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$32.51. Ite Tech's Cyclically Adjusted PB Ratio of today is 5.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ite Tech was 5.67. The lowest was 1.35. And the median was 3.15.


Ite Tech Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ite Tech'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.

Ite Tech Cyclically Adjusted Book per Share Chart

Ite Tech 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 27.81 27.52 28.57 30.58 32.21

Ite Tech 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 31.18 31.57 32.06 32.21 32.51

Competitive Comparison of Ite Tech's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Ite Tech'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.


Ite Tech's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Ite Tech 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, Ite Tech'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)
=42.174/131.7762*131.7762
=42.174

Current CPI (Mar. 2024) = 131.7762.

Ite Tech Quarterly Data

Book Value per Share CPI Adj_Book
201406 22.902 100.560 30.011
201409 23.292 100.428 30.563
201412 23.485 99.070 31.238
201503 24.163 99.621 31.962
201506 22.525 100.684 29.481
201509 22.769 100.392 29.887
201512 23.424 99.792 30.931
201603 23.984 100.470 31.457
201606 22.672 101.688 29.380
201609 23.535 101.861 30.447
201612 24.028 101.863 31.084
201703 25.143 102.862 32.211
201706 22.453 103.349 28.629
201709 23.380 104.136 29.586
201712 23.898 104.011 30.277
201803 24.583 105.290 30.767
201806 22.830 106.317 28.297
201809 23.832 106.507 29.486
201812 23.953 105.998 29.778
201903 24.589 107.251 30.212
201906 22.871 108.070 27.888
201909 24.067 108.329 29.276
201912 25.058 108.420 30.456
202003 25.480 108.902 30.832
202006 24.095 108.767 29.192
202009 26.937 109.815 32.324
202012 29.856 109.897 35.800
202103 32.978 111.754 38.886
202106 36.009 114.631 41.395
202109 34.666 115.734 39.471
202112 38.870 117.630 43.545
202203 39.529 121.301 42.943
202206 30.959 125.017 32.633
202209 31.899 125.227 33.567
202212 33.396 125.222 35.144
202303 37.138 127.348 38.429
202306 34.116 128.729 34.924
202309 37.463 129.860 38.016
202312 39.895 129.419 40.622
202403 42.174 131.776 42.174

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


Ite Tech  (TPE:3014) 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.

Ite Tech's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=168.00/32.51
=5.17

* 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 Ite Tech was 5.67. The lowest was 1.35. And the median was 3.15.


Be Aware

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


Ite Tech Cyclically Adjusted Book per Share Related Terms

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


Ite Tech (TPE:3014) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3F, No. 13, Innovation Road I, Hsinchu Science Park, Hsinchu, TWN, 30076
Ite Tech Inc is a fabless integrated circuit (IC) design house. The company principally engages in developing, manufacturing, and marketing of integrated circuits. Its product offerings include PC input/output (I/O) and KBC, digital TV controller, sensor hub/IOT, multimedia controller, and analog IC. Geographically, it operates in Taiwan, Asia, and Others, out of which the majority is from Taiwan.

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