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Haewan International Development Co (ROCO:3252) Cyclically Adjusted Book per Share : NT$54.19 (As of Mar. 2025)


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What is Haewan International Development Co 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.

Haewan International Development Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$39.075. 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$54.19 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Haewan International Development Co's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 Haewan International Development Co was 10.10% per year. The lowest was 4.60% per year. And the median was 10.00% per year.

As of today (2025-05-16), Haewan International Development Co's current stock price is NT$19.90. Haewan International Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$54.19. Haewan International Development Co's Cyclically Adjusted PB Ratio of today is 0.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Haewan International Development Co was 0.50. The lowest was 0.30. And the median was 0.38.


Haewan International Development Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Haewan International Development Co'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.

Haewan International Development Co Cyclically Adjusted Book per Share Chart

Haewan International Development Co 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 41.28 47.31 53.10 55.12 54.14

Haewan International Development Co 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 55.42 55.15 54.76 54.14 54.19

Competitive Comparison of Haewan International Development Co's Cyclically Adjusted Book per Share

For the Resorts & Casinos subindustry, Haewan International Development Co'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.


Haewan International Development Co's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Haewan International Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Haewan International Development Co 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, Haewan International Development Co'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)
=39.075/134.9266*134.9266
=39.075

Current CPI (Mar. 2025) = 134.9266.

Haewan International Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 48.150 100.684 64.526
201509 47.208 100.392 63.448
201512 62.737 99.792 84.825
201603 62.527 100.470 83.971
201606 61.613 101.688 81.752
201609 65.372 101.861 86.593
201612 53.263 101.863 70.552
201703 52.565 102.862 68.951
201706 51.770 103.349 67.588
201709 52.053 104.136 67.444
201712 51.032 104.011 66.200
201803 52.047 105.290 66.697
201806 52.026 106.317 66.026
201809 40.504 106.507 51.312
201812 42.308 105.998 53.855
201903 42.193 107.251 53.081
201906 41.519 108.070 51.837
201909 41.139 108.329 51.240
201912 40.833 108.420 50.816
202003 40.399 108.902 50.053
202006 40.020 108.767 49.645
202009 39.627 109.815 48.689
202012 38.992 109.897 47.873
202103 39.144 111.754 47.260
202106 39.200 114.631 46.140
202109 39.256 115.734 45.766
202112 39.704 117.630 45.542
202203 39.926 121.301 44.411
202206 39.570 125.017 42.707
202209 39.692 125.227 42.767
202212 39.295 125.222 42.340
202303 39.326 127.348 41.666
202306 39.371 128.729 41.267
202309 39.419 129.860 40.957
202312 39.305 129.419 40.978
202403 39.433 131.776 40.376
202406 39.321 132.554 40.025
202409 39.088 133.029 39.646
202412 38.998 133.157 39.516
202503 39.075 134.927 39.075

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


Haewan International Development Co  (ROCO:3252) 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.

Haewan International Development Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.90/54.19
=0.37

* 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 Haewan International Development Co was 0.50. The lowest was 0.30. And the median was 0.38.


Be Aware

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


Haewan International Development Co Cyclically Adjusted Book per Share Related Terms

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


Haewan International Development Co Business Description

Traded in Other Exchanges
N/A
Address
No.22, Dahe Road, 3rd Floor, Minlongli, West District, Taichung, TWN, 403
Haewan International Development Co Ltd develops a residential property and operates hotels in Taiwan. The company's main business projects include (1) General hotel industry. (2) Residential and building development and leasing industry. (3) Real estate trading industry.

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