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Holiday Entertainment Co (TPE:9943) Cyclically Adjusted Book per Share : NT$36.03 (As of Mar. 2024)


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What is Holiday Entertainment 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.

Holiday Entertainment Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$29.038. 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$36.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Holiday Entertainment Co's average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.80% 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 Holiday Entertainment Co was 4.80% per year. The lowest was 4.70% per year. And the median was 4.75% per year.

As of today (2024-05-31), Holiday Entertainment Co's current stock price is NT$90.40. Holiday Entertainment Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$36.03. Holiday Entertainment Co's Cyclically Adjusted PB Ratio of today is 2.51.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Holiday Entertainment Co was 2.97. The lowest was 1.61. And the median was 2.38.


Holiday Entertainment Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Holiday Entertainment 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.

Holiday Entertainment Co Cyclically Adjusted Book per Share Chart

Holiday Entertainment 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 30.19 30.87 33.10 34.66 35.55

Holiday Entertainment 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 35.06 35.41 35.69 35.55 36.03

Competitive Comparison of Holiday Entertainment Co's Cyclically Adjusted Book per Share

For the Leisure subindustry, Holiday Entertainment 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.


Holiday Entertainment Co's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

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



Holiday Entertainment 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, Holiday Entertainment 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)
=29.038/131.7762*131.7762
=29.038

Current CPI (Mar. 2024) = 131.7762.

Holiday Entertainment Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 23.006 100.560 30.148
201409 24.354 100.428 31.956
201412 26.290 99.070 34.969
201503 29.852 99.621 39.487
201506 26.420 100.684 34.579
201509 28.139 100.392 36.936
201512 29.268 99.792 38.648
201603 31.045 100.470 40.718
201606 27.822 101.688 36.054
201609 29.080 101.861 37.620
201612 29.982 101.863 38.787
201703 31.423 102.862 40.256
201706 27.921 103.349 35.601
201709 29.390 104.136 37.191
201712 30.674 104.011 38.862
201803 32.729 105.290 40.962
201806 29.826 106.317 36.968
201809 31.392 106.507 38.840
201812 32.911 105.998 40.915
201903 35.589 107.251 43.727
201906 30.858 108.070 37.627
201909 32.203 108.329 39.173
201912 33.284 108.420 40.454
202003 34.941 108.902 42.280
202006 29.785 108.767 36.086
202009 31.132 109.815 37.358
202012 32.517 109.897 38.991
202103 34.031 111.754 40.128
202106 33.224 114.631 38.193
202109 26.519 115.734 30.195
202112 28.127 117.630 31.510
202203 29.373 121.301 31.910
202206 28.487 125.017 30.027
202209 28.084 125.227 29.553
202212 29.526 125.222 31.071
202303 28.163 127.348 29.142
202306 29.744 128.729 30.448
202309 31.374 129.860 31.837
202312 32.442 129.419 33.033
202403 29.038 131.776 29.038

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


Holiday Entertainment Co  (TPE:9943) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=90.40/36.03
=2.51

* 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 Holiday Entertainment Co was 2.97. The lowest was 1.61. And the median was 2.38.


Be Aware

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


Holiday Entertainment Co Cyclically Adjusted Book per Share Related Terms

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


Holiday Entertainment Co (TPE:9943) Business Description

Traded in Other Exchanges
N/A
Address
Section 5, Zhongxiao East Road, 4th Floor, No. 293, Xinyi District, Taipei, TWN, 293
Holiday Entertainment Co Ltd is a Taiwan-based company. It is engaged in the business of providing audio-visual and singing equipment for singing, distribution, and sale of audio-visual equipment and supplies, and advisory services on the management of audio-visual and singing. The company also provides advice on restaurant operations.

Holiday Entertainment Co (TPE:9943) Headlines

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