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TPK Holding Co (TPE:3673) Cyclically Adjusted Book per Share : NT$114.16 (As of Mar. 2024)


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What is TPK Holding 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.

TPK Holding Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$95.475. 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$114.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TPK Holding Co's average Cyclically Adjusted Book Growth Rate was -3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.40% 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 TPK Holding Co was 2.90% per year. The lowest was 1.40% per year. And the median was 2.15% per year.

As of today (2024-05-26), TPK Holding Co's current stock price is NT$37.05. TPK Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$114.16. TPK Holding Co's Cyclically Adjusted PB Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TPK Holding Co was 0.63. The lowest was 0.23. And the median was 0.35.


TPK Holding Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for TPK Holding 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.

TPK Holding Co Cyclically Adjusted Book per Share Chart

TPK Holding Co 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 109.36 109.55 116.61 119.21 114.21

TPK Holding Co 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 118.74 117.86 116.75 114.21 114.16

Competitive Comparison of TPK Holding Co's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, TPK Holding 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.


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

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

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



TPK Holding 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, TPK Holding 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)
=95.475/131.7762*131.7762
=95.475

Current CPI (Mar. 2024) = 131.7762.

TPK Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 130.297 100.560 170.745
201409 131.783 100.428 172.919
201412 136.836 99.070 182.011
201503 132.759 99.621 175.610
201506 134.252 100.684 175.710
201509 86.273 100.392 113.244
201512 89.693 99.792 118.440
201603 88.798 100.470 116.467
201606 81.861 101.688 106.083
201609 81.881 101.861 105.928
201612 85.014 101.863 109.980
201703 82.766 102.862 106.031
201706 84.101 103.349 107.234
201709 90.732 104.136 114.815
201712 90.856 104.011 115.109
201803 88.831 105.290 111.177
201806 88.987 106.317 110.296
201809 89.654 106.507 110.925
201812 90.718 105.998 112.780
201903 91.101 107.251 111.934
201906 91.719 108.070 111.839
201909 92.092 108.329 112.024
201912 88.940 108.420 108.100
202003 89.653 108.902 108.485
202006 88.757 108.767 107.533
202009 88.574 109.815 106.287
202012 90.197 109.897 108.154
202103 88.627 111.754 104.505
202106 88.046 114.631 101.215
202109 86.470 115.734 98.456
202112 86.644 117.630 97.064
202203 88.958 121.301 96.640
202206 88.486 125.017 93.270
202209 94.326 125.227 99.260
202212 91.112 125.222 95.881
202303 90.473 127.348 93.619
202306 91.299 128.729 93.460
202309 94.614 129.860 96.010
202312 90.130 129.419 91.771
202403 95.475 131.776 95.475

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


TPK Holding Co  (TPE:3673) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=37.05/114.16
=0.32

* 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 TPK Holding Co was 0.63. The lowest was 0.23. And the median was 0.35.


Be Aware

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


TPK Holding Co Cyclically Adjusted Book per Share Related Terms

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


TPK Holding Co (TPE:3673) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.13-18, Section 6, Min Quan East Road, Neihu District, Taipei, TWN
TPK Holding Co Ltd is an electronic components company with two business segments: Touch Module and Other. The Touch Module segment manufactures and sells capacitive touch solutions. These small and midsize touch panels are utilized in mobile phones, portable media players, navigation devices, and handheld game consoles. These products include glass-to-glass, touch-on-lens, and glass-film. The Other segment primarily produces indium tin oxide.

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