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PNC International (ROCO:3067) Cyclically Adjusted Book per Share : NT$13.11 (As of Mar. 2024)


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What is PNC International 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.

PNC International's adjusted book value per share for the three months ended in Mar. 2024 was NT$13.357. 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$13.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PNC International's average Cyclically Adjusted Book Growth Rate was -1.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.40% 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 PNC International was -2.40% per year. The lowest was -3.30% per year. And the median was -2.85% per year.

As of today (2024-06-05), PNC International's current stock price is NT$35.20. PNC International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$13.11. PNC International's Cyclically Adjusted PB Ratio of today is 2.68.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PNC International was 4.79. The lowest was 1.04. And the median was 2.90.


PNC International Cyclically Adjusted Book per Share Historical Data

The historical data trend for PNC International'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.

PNC International Cyclically Adjusted Book per Share Chart

PNC International 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 14.74 13.99 13.50 13.32 13.02

PNC International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 13.33 13.28 13.20 13.02 13.11

Competitive Comparison of PNC International's Cyclically Adjusted Book per Share

For the Consumer Electronics subindustry, PNC International'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.


PNC International's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



PNC International 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, PNC International'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)
=13.357/131.7762*131.7762
=13.357

Current CPI (Mar. 2024) = 131.7762.

PNC International Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.293 100.560 18.730
201409 14.139 100.428 18.552
201412 15.071 99.070 20.046
201503 14.115 99.621 18.671
201506 13.735 100.684 17.977
201509 13.529 100.392 17.758
201512 12.926 99.792 17.069
201603 11.940 100.470 15.660
201606 11.365 101.688 14.728
201609 10.994 101.861 14.223
201612 11.508 101.863 14.887
201703 10.924 102.862 13.995
201706 10.947 103.349 13.958
201709 10.566 104.136 13.371
201712 10.400 104.011 13.176
201803 9.780 105.290 12.240
201806 9.362 106.317 11.604
201809 9.278 106.507 11.479
201812 8.973 105.998 11.155
201903 8.098 107.251 9.950
201906 7.987 108.070 9.739
201909 8.088 108.329 9.839
201912 8.177 108.420 9.939
202003 7.754 108.902 9.383
202006 7.515 108.767 9.105
202009 7.432 109.815 8.918
202012 7.914 109.897 9.490
202103 7.669 111.754 9.043
202106 7.571 114.631 8.703
202109 7.361 115.734 8.381
202112 12.602 117.630 14.118
202203 12.584 121.301 13.671
202206 12.246 125.017 12.908
202209 12.242 125.227 12.882
202212 12.261 125.222 12.903
202303 12.328 127.348 12.757
202306 12.579 128.729 12.877
202309 13.190 129.860 13.385
202312 13.419 129.419 13.663
202403 13.357 131.776 13.357

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


PNC International  (ROCO:3067) 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.

PNC International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35.20/13.11
=2.68

* 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 PNC International was 4.79. The lowest was 1.04. And the median was 2.90.


Be Aware

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


PNC International Cyclically Adjusted Book per Share Related Terms

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


PNC International (ROCO:3067) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.59, Dongxing Road, 9th Floor, Xinyi District, Taipei, TWN, 11070
Phonic Corp is engaged in designing and manufacturing high-performance professional audio products. The company's product profile includes mixers, powered mixers, power amplifiers, speakers, studio monitors, signal processors, power managers, mobile PA, and others. The company's segment consists of the Trade department, which is engaged in designing and trading a variety of professional audio products, and the Manufacturing department, which is engaged in manufacturing professional audio products. The company generates the majority of its revenue from the Trade department. Geographically the company generates the majority of its revenue from America.

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