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Tehmag Foods (ROCO:1264) Cyclically Adjusted PB Ratio : 4.32 (As of Jun. 09, 2024)


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What is Tehmag Foods Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Tehmag Foods's current share price is NT$312.50. Tehmag Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$72.32. Tehmag Foods's Cyclically Adjusted PB Ratio for today is 4.32.

The historical rank and industry rank for Tehmag Foods's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:1264' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.93   Med: 4.15   Max: 4.37
Current: 4.29

During the past years, Tehmag Foods's highest Cyclically Adjusted PB Ratio was 4.37. The lowest was 3.93. And the median was 4.15.

ROCO:1264's Cyclically Adjusted PB Ratio is ranked worse than
84.76% of 1358 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs ROCO:1264: 4.29

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.

Tehmag Foods's adjusted book value per share data for the three months ended in Mar. 2024 was NT$76.793. 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$72.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tehmag Foods Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tehmag Foods's Cyclically Adjusted PB Ratio 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.

Tehmag Foods Cyclically Adjusted PB Ratio Chart

Tehmag Foods Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 4.11

Tehmag Foods Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 3.93 4.17 4.10 4.11 4.22

Competitive Comparison of Tehmag Foods's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Tehmag Foods'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.


Tehmag Foods's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tehmag Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tehmag Foods Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Tehmag Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=312.50/72.32
=4.32

* 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.

Tehmag Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Tehmag Foods'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)
=76.793/131.7762*131.7762
=76.793

Current CPI (Mar. 2024) = 131.7762.

Tehmag Foods Quarterly Data

Book Value per Share CPI Adj_Book
201406 35.515 100.560 46.540
201409 37.627 100.428 49.372
201412 41.130 99.070 54.709
201503 45.383 99.621 60.031
201506 47.775 100.684 62.528
201509 50.606 100.392 66.427
201512 53.396 99.792 70.510
201603 56.207 100.470 73.721
201606 49.779 101.688 64.508
201609 52.383 101.861 67.767
201612 55.290 101.863 71.527
201703 57.734 102.862 73.963
201706 52.628 103.349 67.104
201709 55.858 104.136 70.684
201712 58.991 104.011 74.738
201803 61.731 105.290 77.260
201806 55.393 106.317 68.658
201809 58.408 106.507 72.266
201812 61.486 105.998 76.439
201903 64.662 107.251 79.449
201906 57.907 108.070 70.610
201909 60.605 108.329 73.722
201912 63.710 108.420 77.435
202003 66.526 108.902 80.500
202006 59.423 108.767 71.993
202009 63.965 109.815 76.757
202012 68.208 109.897 81.788
202103 61.191 111.754 72.154
202106 64.224 114.631 73.830
202109 68.119 115.734 77.561
202112 73.060 117.630 81.847
202203 66.217 121.301 71.935
202206 70.279 125.017 74.079
202209 75.292 125.227 79.230
202212 79.194 125.222 83.339
202303 71.598 127.348 74.088
202306 75.827 128.729 77.622
202309 81.431 129.860 82.633
202312 85.043 129.419 86.592
202403 76.793 131.776 76.793

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


Tehmag Foods  (ROCO:1264) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Tehmag Foods Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Tehmag Foods's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tehmag Foods (ROCO:1264) Business Description

Traded in Other Exchanges
N/A
Address
No.31, Wuquan 5th Road, Wugu District, New Taipei, TWN
Tehmag Foods Corp is engaged in Baking, cooking and steaming food manufacturing industry; Flour milling industry; Food additive manufacturing industry; Noodle and vermicelli food manufacturing industry and Food and beverage retail industry. Its marketing channels include bakery shops, hotels, restaurants. The company offers baked goods, dairy products, all kinds of packaging materials and instruments of baking mixes.

Tehmag Foods (ROCO:1264) Headlines

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