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Lotes Co (TPE:3533) Cyclically Adjusted Book per Share : NT$142.38 (As of Mar. 2024)


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What is Lotes 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.

Lotes Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$271.862. 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$142.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lotes Co's average Cyclically Adjusted Book Growth Rate was 18.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.10% 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 Lotes Co was 13.10% per year. The lowest was 12.00% per year. And the median was 12.55% per year.

As of today (2024-06-08), Lotes Co's current stock price is NT$1580.00. Lotes Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$142.38. Lotes Co's Cyclically Adjusted PB Ratio of today is 11.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lotes Co was 12.08. The lowest was 2.54. And the median was 5.91.


Lotes Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lotes 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.

Lotes Co Cyclically Adjusted Book per Share Chart

Lotes Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.84 83.18 88.49 102.39 120.19

Lotes Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 120.19 126.13 130.89 135.93 142.38

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

For the Electronic Components subindustry, Lotes 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.


Lotes Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Lotes 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, Lotes 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)
=271.862/131.7762*131.7762
=271.862

Current CPI (Mar. 2024) = 131.7762.

Lotes Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 73.874 99.695 97.647
201406 71.310 100.560 93.447
201409 75.526 100.428 99.101
201412 81.191 99.070 107.995
201503 82.318 99.621 108.888
201506 77.165 100.684 100.994
201509 82.503 100.392 108.295
201512 83.950 99.792 110.856
201603 83.752 100.470 109.848
201606 78.809 101.688 102.127
201609 79.188 101.861 102.444
201612 82.457 101.863 106.672
201703 80.770 102.862 103.474
201706 80.233 103.349 102.302
201709 84.643 104.136 107.110
201712 86.516 104.011 109.611
201803 89.702 105.290 112.267
201806 88.703 106.317 109.944
201809 91.781 106.507 113.557
201812 100.813 105.998 125.330
201903 107.692 107.251 132.319
201906 102.397 108.070 124.859
201909 107.430 108.329 130.682
201912 113.193 108.420 137.577
202003 116.770 108.902 141.297
202006 113.465 108.767 137.468
202009 121.988 109.815 146.384
202012 129.325 109.897 155.072
202103 136.944 111.754 161.479
202106 129.527 114.631 148.900
202109 147.350 115.734 167.774
202112 158.339 117.630 177.382
202203 176.128 121.301 191.338
202206 174.627 125.017 184.069
202209 197.114 125.227 207.424
202212 212.361 125.222 223.476
202303 243.470 127.348 251.936
202306 221.101 128.729 226.335
202309 242.224 129.860 245.799
202403 271.862 131.776 271.862

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


Lotes Co  (TPE:3533) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1580.00/142.38
=11.10

* 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 Lotes Co was 12.08. The lowest was 2.54. And the median was 5.91.


Be Aware

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


Lotes Co Cyclically Adjusted Book per Share Related Terms

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


Lotes Co (TPE:3533) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lotes Co Ltd (TPE:3533) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
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Address
No. 15, Wuxun Street, Anle District, Keelung, TWN, 204
Lotes Co Ltd is a Taiwan-based manufacturer of precision electronic interconnect components and hardware. Its connectors and other electronic components are used in the manufacture of notebooks, desktop computers, communication devices, mobile phones, and other products. It distributes its products within the domestic market and overseas markets.

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