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United Microelectronics (MEX:UMC) Cyclically Adjusted Book per Share : MXN91.41 (As of Mar. 2025)


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What is United Microelectronics 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.

United Microelectronics's adjusted book value per share for the three months ended in Mar. 2025 was MXN96.476. 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 MXN91.41 for the trailing ten years ended in Mar. 2025.

During the past 12 months, United Microelectronics's average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.00% 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 United Microelectronics was 7.30% per year. The lowest was -1.60% per year. And the median was 0.70% per year.

As of today (2025-05-28), United Microelectronics's current stock price is MXN145.93. United Microelectronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN91.41. United Microelectronics's Cyclically Adjusted PB Ratio of today is 1.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Microelectronics was 3.61. The lowest was 0.57. And the median was 0.95.


United Microelectronics Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Microelectronics'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.

United Microelectronics Cyclically Adjusted Book per Share Chart

United Microelectronics Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 79.84 78.62 59.32 92.89

United Microelectronics Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 62.06 57.87 73.81 92.89 91.41

Competitive Comparison of United Microelectronics's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, United Microelectronics'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.


United Microelectronics's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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


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United Microelectronics 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, United Microelectronics's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=96.476/134.9266*134.9266
=96.476

Current CPI (Mar. 2025) = 134.9266.

United Microelectronics Quarterly Data

Book Value per Share CPI Adj_Book
201506 44.409 100.684 59.513
201509 46.217 100.392 62.116
201512 47.024 99.792 63.580
201603 48.144 100.470 64.655
201606 50.973 101.688 67.634
201609 54.657 101.861 72.399
201612 56.073 101.863 74.274
201703 54.211 102.862 71.110
201706 51.865 103.349 67.712
201709 52.572 104.136 68.117
201712 55.958 104.011 72.591
201803 55.152 105.290 70.676
201806 57.082 106.317 72.443
201809 52.806 106.507 66.897
201812 54.453 105.998 69.314
201903 55.189 107.251 69.431
201906 52.871 108.070 66.010
201909 55.522 108.329 69.154
201912 57.923 108.420 72.084
202003 74.925 108.902 92.830
202006 67.014 108.767 83.131
202009 67.232 109.815 82.606
202012 63.855 109.897 78.398
202103 73.261 111.754 88.452
202106 69.831 114.631 82.194
202109 77.513 115.734 90.367
202112 78.219 117.630 89.721
202203 84.718 121.301 94.234
202206 77.009 125.017 83.113
202209 81.098 125.227 87.380
202212 82.009 125.222 88.365
202303 83.838 127.348 88.827
202306 72.592 128.729 76.087
202309 76.016 129.860 78.982
202312 74.424 129.419 77.591
202403 78.977 131.776 80.865
202406 80.342 132.554 81.780
202409 90.544 133.029 91.836
202412 93.139 133.157 94.377
202503 96.476 134.927 96.476

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


United Microelectronics  (MEX:UMC) 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.

United Microelectronics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=145.93/91.41
=1.60

* 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 United Microelectronics was 3.61. The lowest was 0.57. And the median was 0.95.


Be Aware

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


United Microelectronics Cyclically Adjusted Book per Share Related Terms

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


United Microelectronics Business Description

Traded in Other Exchanges
Address
No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN
Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 5% market share in 2024 after TSMC and SMIC. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the us, and South Korea. UMC features a diverse customer base that includes Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.