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Giant Manufacturing Co (TPE:9921) Cyclically Adjusted Book per Share : NT$73.48 (As of Mar. 2024)


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What is Giant Manufacturing 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.

Giant Manufacturing Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$88.501. 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$73.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Giant Manufacturing Co's average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.30% 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 Giant Manufacturing Co was 10.30% per year. The lowest was 9.00% per year. And the median was 9.65% per year.

As of today (2024-05-31), Giant Manufacturing Co's current stock price is NT$217.50. Giant Manufacturing Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$73.48. Giant Manufacturing Co's Cyclically Adjusted PB Ratio of today is 2.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Giant Manufacturing Co was 6.51. The lowest was 2.32. And the median was 4.17.


Giant Manufacturing Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Giant Manufacturing 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.

Giant Manufacturing Co Cyclically Adjusted Book per Share Chart

Giant Manufacturing 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 51.36 53.30 59.70 66.50 71.59

Giant Manufacturing 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 68.39 69.85 71.20 71.59 73.48

Competitive Comparison of Giant Manufacturing Co's Cyclically Adjusted Book per Share

For the Leisure subindustry, Giant Manufacturing 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.


Giant Manufacturing Co's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Giant Manufacturing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Giant Manufacturing 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, Giant Manufacturing 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)
=88.501/131.7762*131.7762
=88.501

Current CPI (Mar. 2024) = 131.7762.

Giant Manufacturing Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 44.713 100.560 58.593
201409 47.896 100.428 62.847
201412 51.265 99.070 68.189
201503 52.423 99.621 69.344
201506 48.137 100.684 63.002
201509 53.014 100.392 69.587
201512 53.855 99.792 71.116
201603 56.271 100.470 73.805
201606 51.383 101.688 66.587
201609 52.075 101.861 67.369
201612 54.085 101.863 69.968
201703 52.648 102.862 67.447
201706 50.662 103.349 64.597
201709 53.245 104.136 67.378
201712 51.905 104.011 65.761
201803 52.969 105.290 66.294
201806 51.369 106.317 63.670
201809 52.910 106.507 65.463
201812 55.044 105.998 68.430
201903 57.450 107.251 70.587
201906 55.517 108.070 67.696
201909 56.486 108.329 68.712
201912 57.787 108.420 70.236
202003 58.384 108.902 70.648
202006 57.603 108.767 69.788
202009 62.473 109.815 74.967
202012 66.598 109.897 79.857
202103 70.858 111.754 83.553
202106 67.275 114.631 77.337
202109 70.059 115.734 79.770
202112 72.689 117.630 81.431
202203 79.262 121.301 86.107
202206 73.824 125.017 77.816
202209 79.811 125.227 83.985
202212 85.077 125.222 89.530
202303 87.487 127.348 90.529
202306 82.174 128.729 84.119
202309 86.022 129.860 87.292
202312 85.907 129.419 87.471
202403 88.501 131.776 88.501

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


Giant Manufacturing Co  (TPE:9921) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=217.50/73.48
=2.96

* 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 Giant Manufacturing Co was 6.51. The lowest was 2.32. And the median was 4.17.


Be Aware

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


Giant Manufacturing Co Cyclically Adjusted Book per Share Related Terms

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


Giant Manufacturing Co (TPE:9921) Business Description

Traded in Other Exchanges
N/A
Address
Dongda Road, No. 997 and 999, Section 1, Xitun District, Taichung, TWN, 40763
Giant Manufacturing Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. Giant distributes bicycles and components both domestically and internationally, and largely sells products under the Giant brand name.

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