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Megaforce Co (ROCO:3294) Cyclically Adjusted Book per Share : NT$21.76 (As of Mar. 2024)


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What is Megaforce 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.

Megaforce Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$16.928. 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$21.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Megaforce Co's average Cyclically Adjusted Book Growth Rate was -1.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Megaforce Co was 1.70% per year. The lowest was 1.50% per year. And the median was 1.60% per year.

As of today (2024-05-31), Megaforce Co's current stock price is NT$37.50. Megaforce Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$21.76. Megaforce Co's Cyclically Adjusted PB Ratio of today is 1.72.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Megaforce Co was 2.44. The lowest was 0.51. And the median was 0.87.


Megaforce Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Megaforce 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.

Megaforce Co Cyclically Adjusted Book per Share Chart

Megaforce Co 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 20.79 20.62 21.37 21.89 21.59

Megaforce Co 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 22.02 21.98 21.92 21.59 21.76

Competitive Comparison of Megaforce Co's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Megaforce 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.


Megaforce Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Megaforce 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, Megaforce Co'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)
=16.928/131.7762*131.7762
=16.928

Current CPI (Mar. 2024) = 131.7762.

Megaforce Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.680 100.560 24.479
201409 18.883 100.428 24.777
201412 19.287 99.070 25.654
201503 19.131 99.621 25.306
201506 18.670 100.684 24.436
201509 20.083 100.392 26.361
201512 19.785 99.792 26.126
201603 18.903 100.470 24.793
201606 18.313 101.688 23.732
201609 18.248 101.861 23.607
201612 18.484 101.863 23.912
201703 17.200 102.862 22.035
201706 17.774 103.349 22.663
201709 19.204 104.136 24.301
201712 19.641 104.011 24.884
201803 19.355 105.290 24.224
201806 18.565 106.317 23.011
201809 18.009 106.507 22.282
201812 18.523 105.998 23.028
201903 18.528 107.251 22.765
201906 18.093 108.070 22.062
201909 17.883 108.329 21.754
201912 17.708 108.420 21.523
202003 16.030 108.902 19.397
202006 15.665 108.767 18.979
202009 17.002 109.815 20.402
202012 18.478 109.897 22.157
202103 18.497 111.754 21.811
202106 18.488 114.631 21.253
202109 17.646 115.734 20.092
202112 17.966 117.630 20.127
202203 18.697 121.301 20.312
202206 16.895 125.017 17.808
202209 17.620 125.227 18.542
202212 17.179 125.222 18.078
202303 16.566 127.348 17.142
202306 15.642 128.729 16.012
202309 16.611 129.860 16.856
202312 16.344 129.419 16.642
202403 16.928 131.776 16.928

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


Megaforce Co  (ROCO:3294) 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.

Megaforce Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=37.50/21.76
=1.72

* 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 Megaforce Co was 2.44. The lowest was 0.51. And the median was 0.87.


Be Aware

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


Megaforce Co Cyclically Adjusted Book per Share Related Terms

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


Megaforce Co (ROCO:3294) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Megaforce Co Ltd (ROCO:3294) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
2nd Floor, No.5, Ziqiang Street, Tucheng District, New Taipei, TWN, 236
Megaforce Co Ltd is engaged in mold making, injection molding, electronics assembly, plastic coating, as well as opto-mechatromics and advanced IT products. The company's reportable segments comprise the electronics component segment, the biomedical device segment, and the opto-mechatronics segment. The company generates majority of the revenue from products such as Plastic injections, tools and others.

Megaforce Co (ROCO:3294) Headlines

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