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Union (XKRX:000910) Cyclically Adjusted Book per Share : ₩10,040.20 (As of Dec. 2023)


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What is Union 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.

Union's adjusted book value per share for the three months ended in Dec. 2023 was ₩8,301.966. 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 ₩10,040.20 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Union's average Cyclically Adjusted Book Growth Rate was -3.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -7.00% 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 Union was -2.80% per year. The lowest was -9.50% per year. And the median was -7.20% per year.

As of today (2024-05-17), Union's current stock price is ₩5770.00. Union's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₩10,040.20. Union's Cyclically Adjusted PB Ratio of today is 0.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Union was 0.92. The lowest was 0.15. And the median was 0.48.


Union Cyclically Adjusted Book per Share Historical Data

The historical data trend for Union'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.

Union Cyclically Adjusted Book per Share Chart

Union 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 13,177.80 11,662.80 10,459.80 10,419.80 10,040.20

Union Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10,419.80 10,368.10 10,296.50 10,276.70 10,040.20

Competitive Comparison of Union's Cyclically Adjusted Book per Share

For the Building Materials subindustry, Union'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.


Union's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Union's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Union 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, Union's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=8301.966/118.8477*118.8477
=8,301.966

Current CPI (Dec. 2023) = 118.8477.

Union Quarterly Data

Book Value per Share CPI Adj_Book
201403 13,057.652 99.253 15,635.516
201406 12,870.152 99.353 15,395.488
201409 11,035.128 99.608 13,166.609
201412 8,729.022 99.098 10,468.669
201503 9,778.119 99.720 11,653.700
201506 9,136.754 100.050 10,853.395
201509 8,804.479 100.110 10,452.423
201512 8,489.248 100.220 10,067.128
201603 9,995.388 100.560 11,813.135
201606 9,345.251 100.790 11,019.561
201609 0.000 101.460 0.000
201612 8,919.549 101.560 10,437.848
201703 9,163.430 102.850 10,588.747
201706 9,449.962 102.610 10,945.388
201709 10,110.199 103.490 11,610.531
201712 10,623.548 102.990 12,259.290
201803 11,125.774 104.100 12,701.947
201806 9,632.458 104.130 10,993.906
201809 9,836.809 105.650 11,065.614
201812 8,024.066 104.350 9,138.877
201903 7,421.326 104.490 8,441.071
201906 7,662.335 104.880 8,682.789
201909 7,007.865 105.200 7,917.002
201912 6,789.713 105.120 7,676.387
202003 5,863.015 105.540 6,602.292
202006 5,835.787 104.870 6,613.616
202009 6,479.320 106.200 7,250.963
202012 8,009.292 105.765 8,999.975
202103 8,768.292 107.357 9,706.767
202106 8,714.118 107.579 9,626.941
202109 10,171.234 108.759 11,114.717
202112 8,391.358 109.676 9,093.056
202203 8,349.996 111.806 8,875.906
202206 9,595.060 114.083 9,995.817
202209 8,039.736 114.831 8,320.938
202212 7,741.237 115.200 7,986.342
202303 8,263.818 116.550 8,426.762
202306 8,970.945 117.140 9,101.734
202309 8,582.236 119.111 8,563.250
202312 8,301.966 118.848 8,301.966

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


Union  (XKRX:000910) 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.

Union's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5770.00/10040.2
=0.57

* 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 Union was 0.92. The lowest was 0.15. And the median was 0.48.


Be Aware

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


Union Cyclically Adjusted Book per Share Related Terms

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


Union (XKRX:000910) Business Description

Industry
Traded in Other Exchanges
N/A
Address
94, Sogong-ro, Jung-gu, 13th Floor Oriental Chemical Building, Seoul, KOR, 04532
Union Corp is engaged in the production of cement and rare metal such as vanadium and molybdenum. The company is a member of OCI Group. Its products ranges from building materials, refractory materials, civil construction materials, filtering devices and metal recycling, and ozone systems.

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