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ChipMOS TECHNOLOGIES (ChipMOS TECHNOLOGIES) Cyclically Adjusted Book per Share : $20.07 (As of Dec. 2023)


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What is ChipMOS TECHNOLOGIES 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.

ChipMOS TECHNOLOGIES's adjusted book value per share for the three months ended in Dec. 2023 was $21.792. 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 $20.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, ChipMOS TECHNOLOGIES's average Cyclically Adjusted Book Growth Rate was 3.80% 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.

As of today (2024-04-27), ChipMOS TECHNOLOGIES's current stock price is $28.43. ChipMOS TECHNOLOGIES's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $20.07. ChipMOS TECHNOLOGIES's Cyclically Adjusted PB Ratio of today is 1.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ChipMOS TECHNOLOGIES was 1.63. The lowest was 1.10. And the median was 1.29.


ChipMOS TECHNOLOGIES Cyclically Adjusted Book per Share Historical Data

The historical data trend for ChipMOS TECHNOLOGIES'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.

ChipMOS TECHNOLOGIES Cyclically Adjusted Book per Share Chart

ChipMOS TECHNOLOGIES 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 - - - 19.21 20.07

ChipMOS TECHNOLOGIES Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Dec22 Jun23 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 - - 19.21 20.07 20.07

Competitive Comparison of ChipMOS TECHNOLOGIES's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, ChipMOS TECHNOLOGIES'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.


ChipMOS TECHNOLOGIES's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



ChipMOS TECHNOLOGIES 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, ChipMOS TECHNOLOGIES'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)
=21.792/129.4194*129.4194
=21.792

Current CPI (Dec. 2023) = 129.4194.

ChipMOS TECHNOLOGIES Quarterly Data

Book Value per Share CPI Adj_Book
201212 12.793 96.871 17.091
201303 0.000 98.209 0.000
201306 13.322 98.518 17.501
201309 14.025 98.790 18.373
201312 14.503 98.326 19.089
201403 14.791 99.695 19.201
201406 14.706 100.560 18.927
201409 15.520 100.428 20.000
201412 15.786 99.070 20.622
201503 16.387 99.621 21.289
201506 15.745 100.684 20.239
201509 14.646 100.392 18.881
201512 15.145 99.792 19.641
201603 15.584 100.470 20.074
201606 14.336 101.688 18.246
201609 14.938 101.861 18.979
201612 13.945 101.863 17.718
201703 16.500 102.862 20.760
201706 16.289 103.349 20.398
201709 16.569 104.136 20.592
201712 16.629 104.011 20.691
201803 17.512 105.290 21.525
201806 16.875 106.317 20.542
201809 15.805 106.507 19.205
201812 16.100 105.998 19.657
201903 16.319 107.251 19.692
201906 16.422 108.070 19.666
201909 16.949 108.329 20.249
201912 17.751 108.420 21.189
202003 18.538 108.902 22.031
202006 18.145 108.767 21.590
202012 20.200 109.897 23.788
202103 0.000 111.754 0.000
202106 22.821 114.631 25.765
202112 23.927 117.630 26.325
202203 0.000 121.301 0.000
202206 22.087 125.017 22.865
202212 22.106 125.222 22.847
202306 21.247 128.729 21.361
202312 21.792 129.419 21.792

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


ChipMOS TECHNOLOGIES  (NAS:IMOS) 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.

ChipMOS TECHNOLOGIES's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=28.43/20.07
=1.42

* 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 ChipMOS TECHNOLOGIES was 1.63. The lowest was 1.10. And the median was 1.29.


Be Aware

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


ChipMOS TECHNOLOGIES Cyclically Adjusted Book per Share Related Terms

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


ChipMOS TECHNOLOGIES (ChipMOS TECHNOLOGIES) Business Description

Industry
Traded in Other Exchanges
Address
No. 1, R&D Road 1, Hsinchu Science Park, Hsinchu, TWN
ChipMOS TECHNOLOGIES Inc provides semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers, and foundries. Its service targets include semiconductor design companies, integrated component manufacturing companies, and semiconductor wafers factories. The company's segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others. The Company derives a majority of its revenue from Taiwan followed by Japan, People's Republic of China, Singapore, and others.