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Tien Phong Plastic JSC (HSTC:NTP) Cyclically Adjusted Book per Share : ₫20,621.00 (As of Sep. 2024)


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What is Tien Phong Plastic JSC 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.

Tien Phong Plastic JSC's adjusted book value per share for the three months ended in Sep. 2024 was ₫24,203.773. 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 ₫20,621.00 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Tien Phong Plastic JSC's average Cyclically Adjusted Book Growth Rate was 6.50% 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 (2024-12-13), Tien Phong Plastic JSC's current stock price is ₫65000.00. Tien Phong Plastic JSC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ₫20,621.00. Tien Phong Plastic JSC's Cyclically Adjusted PB Ratio of today is 3.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tien Phong Plastic JSC was 3.51. The lowest was 1.51. And the median was 2.03.


Tien Phong Plastic JSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tien Phong Plastic JSC'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.

Tien Phong Plastic JSC Cyclically Adjusted Book per Share Chart

Tien Phong Plastic JSC 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 - - 16,917.90 18,425.70 19,441.40

Tien Phong Plastic JSC Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 19,365.30 19,441.40 19,932.50 20,293.50 20,621.00

Competitive Comparison of Tien Phong Plastic JSC's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, Tien Phong Plastic JSC'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.


Tien Phong Plastic JSC's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tien Phong Plastic JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tien Phong Plastic JSC's Cyclically Adjusted PB Ratio falls into.



Tien Phong Plastic JSC 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, Tien Phong Plastic JSC's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=24203.773/133.0289*133.0289
=24,203.773

Current CPI (Sep. 2024) = 133.0289.

Tien Phong Plastic JSC Quarterly Data

Book Value per Share CPI Adj_Book
201412 11,312.867 99.070 15,190.702
201503 11,410.190 99.621 15,236.582
201506 11,820.646 100.684 15,618.063
201509 12,469.796 100.392 16,523.742
201512 13,267.789 99.792 17,686.711
201603 12,606.481 100.470 16,691.745
201606 13,484.987 101.688 17,641.130
201609 14,093.209 101.861 18,405.514
201612 14,091.423 101.863 18,402.875
201703 14,801.756 102.862 19,142.711
201706 14,855.500 103.349 19,121.703
201709 16,142.964 104.136 20,621.965
201712 16,098.580 104.011 20,589.883
201803 16,409.826 105.290 20,733.132
201806 15,989.056 106.317 20,006.307
201809 16,546.363 106.507 20,666.723
201812 17,383.529 105.998 21,816.581
201903 17,936.256 107.251 22,247.359
201906 18,375.089 108.070 22,618.943
201909 17,269.783 108.329 21,207.357
201912 18,012.679 108.420 22,101.131
202003 17,854.666 108.902 21,810.412
202006 17,854.820 108.767 21,837.511
202009 18,822.304 109.815 22,801.190
202012 18,166.239 109.897 21,990.038
202103 19,071.582 111.754 22,702.207
202106 19,061.227 114.631 22,120.414
202109 19,606.493 115.734 22,536.363
202112 18,998.953 117.630 21,486.190
202203 20,047.572 121.301 21,985.857
202206 20,360.968 125.017 21,665.866
202209 20,738.664 125.227 22,030.813
202212 19,860.786 125.222 21,099.030
202303 20,691.348 127.348 21,614.408
202306 20,991.752 128.729 21,692.984
202309 22,066.473 129.860 22,605.036
202312 21,858.091 129.419 22,467.712
202403 22,622.847 131.776 22,837.906
202406 22,997.811 132.554 23,080.240
202409 24,203.773 133.029 24,203.773

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


Tien Phong Plastic JSC  (HSTC:NTP) 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.

Tien Phong Plastic JSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=65000.00/20621
=3.15

* 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 Tien Phong Plastic JSC was 3.51. The lowest was 1.51. And the median was 2.03.


Be Aware

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


Tien Phong Plastic JSC Cyclically Adjusted Book per Share Related Terms

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


Tien Phong Plastic JSC Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.2 An Da, Lach Tray Ward, Ngo Quyen District, Hai Phong, VNM
Tien Phong Plastic JSC manufactures and trades plastic products for use in civil consumption, construction, industrial, agricultural, fisheries, and transportation. Business activity is operated through Vietnam. Its products include plastic pipes, tubes, and fittings such as solvent cement joint pipe, pipe with gasket, Clean out, traped flange, valve PVC fence, and others.

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