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Alpha Holdings (XKRX:117670) Cyclically Adjusted Book per Share : ₩3,973.52 (As of Dec. 2023)


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What is Alpha Holdings 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.

Alpha Holdings's adjusted book value per share for the three months ended in Dec. 2023 was ₩921.214. 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 ₩3,973.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Alpha Holdings's average Cyclically Adjusted Book Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.00% 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 Alpha Holdings was 1.00% per year. The lowest was 1.00% per year. And the median was 1.00% per year.

As of today (2024-05-15), Alpha Holdings's current stock price is ₩945.00. Alpha Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₩3,973.52. Alpha Holdings's Cyclically Adjusted PB Ratio of today is 0.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alpha Holdings was 1.67. The lowest was 0.23. And the median was 0.69.


Alpha Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Alpha Holdings'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.

Alpha Holdings Cyclically Adjusted Book per Share Chart

Alpha Holdings 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 - 3,862.37 4,031.66 4,138.16 3,973.52

Alpha Holdings 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 4,138.16 4,123.85 4,079.06 4,083.41 3,973.52

Competitive Comparison of Alpha Holdings's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Alpha Holdings'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.


Alpha Holdings's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Alpha Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Alpha Holdings 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, Alpha Holdings'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)
=921.214/118.8477*118.8477
=921.214

Current CPI (Dec. 2023) = 118.8477.

Alpha Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 3,880.966 99.253 4,647.153
201406 3,880.625 99.353 4,642.068
201409 4,102.839 99.608 4,895.319
201412 4,080.424 99.098 4,893.631
201503 4,011.670 99.720 4,781.165
201506 4,012.774 100.050 4,766.706
201509 0.000 100.110 0.000
201512 4,239.650 100.220 5,027.666
201603 0.000 100.560 0.000
201606 0.000 100.790 0.000
201609 4,171.295 101.460 4,886.150
201612 4,032.662 101.560 4,719.108
201703 3,693.555 102.850 4,268.065
201706 3,651.321 102.610 4,229.131
201709 3,740.918 103.490 4,296.062
201712 3,533.744 102.990 4,077.846
201803 3,477.889 104.100 3,970.597
201806 3,466.777 104.130 3,956.770
201809 3,162.790 105.650 3,557.883
201812 3,829.342 104.350 4,361.365
201903 3,636.843 104.490 4,136.572
201906 4,472.192 104.880 5,067.789
201909 4,395.860 105.200 4,966.139
201912 3,963.930 105.120 4,481.583
202003 3,769.927 105.540 4,245.283
202006 3,711.380 104.870 4,206.055
202009 3,738.400 106.200 4,183.618
202012 3,843.745 105.765 4,319.184
202103 3,814.162 107.357 4,222.394
202106 3,771.951 107.579 4,167.071
202109 3,553.126 108.759 3,882.714
202112 3,783.531 109.676 4,099.915
202203 3,562.303 111.806 3,786.669
202206 3,467.011 114.083 3,611.818
202209 3,354.423 114.831 3,471.749
202212 1,622.455 115.200 1,673.826
202303 1,989.261 116.550 2,028.485
202306 1,780.627 117.140 1,806.587
202309 1,768.747 119.111 1,764.834
202312 921.214 118.848 921.214

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


Alpha Holdings  (XKRX:117670) 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.

Alpha Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=945.00/3973.52
=0.24

* 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 Alpha Holdings was 1.67. The lowest was 0.23. And the median was 0.69.


Be Aware

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


Alpha Holdings Cyclically Adjusted Book per Share Related Terms

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


Alpha Holdings (XKRX:117670) Business Description

Industry
Traded in Other Exchanges
N/A
Address
688-1 Haiti Tech Tower 8th Floor, Sampyeong-dong, Bundang-gu, Gyeonggi-do, Seongnam, KOR, 13 493
Alpha Holdings Inc is a South Korea based company engages in the provision of design and full custom layout services for semiconductors. It offers chip design solutions, including integration, test firmware suite, bus architecture design, IP block design/verification, and FPGA system design/emulation solutions, as well as thermal compounds.

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