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Sweeten Real Estate Development Co (TPE:5525) Cyclically Adjusted Book per Share : NT$18.09 (As of Mar. 2024)


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What is Sweeten Real Estate Development 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.

Sweeten Real Estate Development Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$18.720. 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$18.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sweeten Real Estate Development Co's average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.20% 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 Sweeten Real Estate Development Co was 8.20% per year. The lowest was 7.60% per year. And the median was 7.90% per year.

As of today (2024-06-06), Sweeten Real Estate Development Co's current stock price is NT$36.60. Sweeten Real Estate Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$18.09. Sweeten Real Estate Development Co's Cyclically Adjusted PB Ratio of today is 2.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sweeten Real Estate Development Co was 2.26. The lowest was 1.10. And the median was 1.47.


Sweeten Real Estate Development Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sweeten Real Estate Development 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.

Sweeten Real Estate Development Co Cyclically Adjusted Book per Share Chart

Sweeten Real Estate Development 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 13.47 13.98 15.37 16.79 17.70

Sweeten Real Estate Development 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 17.19 17.42 17.67 17.70 18.09

Competitive Comparison of Sweeten Real Estate Development Co's Cyclically Adjusted Book per Share

For the Real Estate - Diversified subindustry, Sweeten Real Estate Development 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.


Sweeten Real Estate Development Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sweeten Real Estate Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sweeten Real Estate Development Co's Cyclically Adjusted PB Ratio falls into.



Sweeten Real Estate Development 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, Sweeten Real Estate Development 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)
=18.72/131.7762*131.7762
=18.720

Current CPI (Mar. 2024) = 131.7762.

Sweeten Real Estate Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.995 100.560 14.408
201409 10.938 100.428 14.352
201412 12.357 99.070 16.436
201503 12.975 99.621 17.163
201506 13.491 100.684 17.657
201509 13.901 100.392 18.247
201512 13.305 99.792 17.569
201603 13.273 100.470 17.409
201606 12.138 101.688 15.729
201609 12.311 101.861 15.927
201612 12.776 101.863 16.528
201703 12.716 102.862 16.290
201706 12.546 103.349 15.997
201709 13.236 104.136 16.749
201712 14.196 104.011 17.986
201803 14.277 105.290 17.869
201806 14.383 106.317 17.827
201809 15.342 106.507 18.982
201812 16.788 105.998 20.871
201903 17.303 107.251 21.260
201906 16.049 108.070 19.570
201909 16.264 108.329 19.784
201912 16.716 108.420 20.317
202003 16.764 108.902 20.285
202006 16.244 108.767 19.680
202009 16.238 109.815 19.485
202012 16.444 109.897 19.718
202103 16.330 111.754 19.256
202106 16.256 114.631 18.687
202109 15.602 115.734 17.765
202112 15.792 117.630 17.691
202203 16.931 121.301 18.393
202206 17.402 125.017 18.343
202209 17.452 125.227 18.365
202212 17.765 125.222 18.695
202303 17.740 127.348 18.357
202306 16.431 128.729 16.820
202309 18.914 129.860 19.193
202312 18.854 129.419 19.197
202403 18.720 131.776 18.720

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


Sweeten Real Estate Development Co  (TPE:5525) 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.

Sweeten Real Estate Development Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=36.60/18.09
=2.02

* 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 Sweeten Real Estate Development Co was 2.26. The lowest was 1.10. And the median was 1.47.


Be Aware

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


Sweeten Real Estate Development Co Cyclically Adjusted Book per Share Related Terms

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


Sweeten Real Estate Development Co (TPE:5525) Business Description

Traded in Other Exchanges
N/A
Address
No. 201, Wenxin Road, 3rd Floor, Section 2, Xitun District, Taichung, TWN
Sweeten Real Estate Development Co Ltd is a Taiwan-based constructor. It is mainly engaged in the construction of residential buildings and the leasing and sale of commercial buildings, development and leasing of industrial plants, development of specific professional zones, urban renewal, and leasing of office buildings. The company has three segments namely, Building Dept., the Construction Dept. and the Hotel Dept.

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