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Kopin (KOPN) Cyclically Adjusted Book per Share : $1.07 (As of Dec. 2023)


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What is Kopin 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.

Kopin's adjusted book value per share for the three months ended in Dec. 2023 was $0.263. 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 $1.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kopin's average Cyclically Adjusted Book Growth Rate was -18.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -13.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -12.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -7.60% 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 Kopin was 9.90% per year. The lowest was -13.40% per year. And the median was -0.55% per year.

As of today (2024-04-30), Kopin's current stock price is $0.786. Kopin's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $1.07. Kopin's Cyclically Adjusted PB Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kopin was 7.18. The lowest was 0.13. And the median was 1.33.


Kopin Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kopin'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.

Kopin Cyclically Adjusted Book per Share Chart

Kopin 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 1.89 1.65 1.49 1.31 1.07

Kopin 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 1.31 1.26 1.20 1.14 1.07

Competitive Comparison of Kopin's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Kopin'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.


Kopin's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Kopin 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, Kopin'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)
=0.263/129.4194*129.4194
=0.263

Current CPI (Dec. 2023) = 129.4194.

Kopin Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.014 99.695 2.614
201406 1.903 100.560 2.449
201409 1.839 100.428 2.370
201412 1.741 99.070 2.274
201503 1.702 99.621 2.211
201506 1.722 100.684 2.213
201509 1.625 100.392 2.095
201512 1.432 99.792 1.857
201603 1.398 100.470 1.801
201606 1.357 101.688 1.727
201609 1.262 101.861 1.603
201612 1.148 101.863 1.459
201703 1.063 102.862 1.337
201706 1.195 103.349 1.496
201709 1.088 104.136 1.352
201712 1.051 104.011 1.308
201803 1.050 105.290 1.291
201806 0.937 106.317 1.141
201809 0.819 106.507 0.995
201812 0.647 105.998 0.790
201903 0.550 107.251 0.664
201906 0.512 108.070 0.613
201909 0.436 108.329 0.521
201912 0.347 108.420 0.414
202003 0.295 108.902 0.351
202006 0.293 108.767 0.349
202009 0.284 109.815 0.335
202012 0.333 109.897 0.392
202103 0.464 111.754 0.537
202106 0.448 114.631 0.506
202109 0.481 115.734 0.538
202112 0.442 117.630 0.486
202203 0.423 121.301 0.451
202206 0.387 125.017 0.401
202209 0.328 125.227 0.339
202212 0.260 125.222 0.269
202303 0.385 127.348 0.391
202306 0.326 128.729 0.328
202309 0.311 129.860 0.310
202312 0.263 129.419 0.263

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


Kopin  (NAS:KOPN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.786/1.07
=0.73

* 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 Kopin was 7.18. The lowest was 0.13. And the median was 1.33.


Be Aware

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


Kopin Cyclically Adjusted Book per Share Related Terms

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


Kopin (KOPN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kopin Corp (NAS:KOPN) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
125 North Drive, Westborough, MA, USA, 01581-3335
Kopin Corp is a developer, manufacturer, and seller of components, subassemblies, and head-worn and hand-held systems. It serves soldiers, avionic, armored vehicles and training and simulation military applications, and others. The company's product portfolio includes LCD; ferroelectric liquid crystal on silicon devices (FLCoS); Organic Light Emitting Diodes (OLED) and others. Geographically, it derives a majority of its revenue from the Americas and also has a presence in Asia-Pacific; Europe, and Other Countries.
Executives
Fan John C C officer: CEO & President 695 MYLES STANDISH BLVD, TAUNTON MA 02780
Scott L Anchin director 16990 GOLDENTOP ROAD, SUITE A, SAN DIEGO CA 92127
Hsieh Chi Chia Dr director MICROCELECTRONICS TECHNOLOGY INC, 1 INNOVATION RD II HISINCHU SCIENCE BASE, HSINCH 30077 TAIWAN ROC F5 02780
James K Brewington director 600 MOUNTAIN AVE, MURRAY HILL NJ 07974
Michael Andrew Murray officer: CEO KOPIN CORPORATION, 125 NORTH DRIVE, WESTBOROUGH MA 01851
Morton Collins director
Paul Christopher Baker officer: Strategic Business Officer C/O KOPIN CORPORATION, 125 NORTH DRIVE, WESTBOROUGH MA 01581
Jill Janice Avery director 381 BEACON STREET, BOSTON MA 02116
David Brook director 6 DUSTON LANE, ACTON MA 01720
Richard Sneider officer: CFO 695 MYLES STANDISH BLVD, TAUNTON MA 02780
Hong K Choi officer: CTO C/O KOPIN CORP, 695 MYLAS STANDISH BLVD, TAVNTON MA 02780
Bor Yeu Tsaur officer: Executive Vice President C/O KOPIN CORP, 695 MYLAS STANDISH BLVD, TAVNTON MA 02780
Osgood Richard Hoe Iii director 20 HUNTER RANCH ROAD, NAPA CA 94558
Goertek Inc. 10 percent owner NO. 268, DONGFANG ROAD, HIGH-TECH INDUSTRIAL DEVELOPMENT ZONE, WEIFANG, SHANDONG PROVINCE F4 261031
Andrew Chapman director NARAD NETWORKS, 515 GROTON ROAD, WESTFORD MA 01886