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UTECHZONE Co (ROCO:3455) Cyclically Adjusted Book per Share : NT$41.29 (As of Mar. 2025)


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What is UTECHZONE 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.

UTECHZONE Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$40.190. 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$41.29 for the trailing ten years ended in Mar. 2025.

During the past 12 months, UTECHZONE Co's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 UTECHZONE Co was 7.10% per year. The lowest was 5.90% per year. And the median was 6.50% per year.

As of today (2025-07-01), UTECHZONE Co's current stock price is NT$87.80. UTECHZONE Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$41.29. UTECHZONE Co's Cyclically Adjusted PB Ratio of today is 2.13.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of UTECHZONE Co was 3.57. The lowest was 1.21. And the median was 2.11.


UTECHZONE Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for UTECHZONE 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.

UTECHZONE Co Cyclically Adjusted Book per Share Chart

UTECHZONE 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 31.45 33.67 36.51 38.60 40.65

UTECHZONE 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 39.53 40.02 40.39 40.65 41.29

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

For the Electronic Components subindustry, UTECHZONE 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.


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

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

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


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UTECHZONE 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, UTECHZONE 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)
=40.19/134.9266*134.9266
=40.190

Current CPI (Mar. 2025) = 134.9266.

UTECHZONE Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 26.846 100.684 35.976
201509 28.203 100.392 37.905
201512 29.399 99.792 39.750
201603 28.851 100.470 38.745
201606 25.874 101.688 34.331
201609 27.303 101.861 36.166
201612 30.915 101.863 40.950
201703 29.347 102.862 38.495
201706 27.707 103.349 36.173
201709 28.304 104.136 36.673
201712 30.060 104.011 38.995
201803 29.856 105.290 38.260
201806 29.680 106.317 37.667
201809 30.783 106.507 38.997
201812 32.940 105.998 41.930
201903 34.658 107.251 43.602
201906 34.856 108.070 43.518
201909 36.401 108.329 45.338
201912 35.617 108.420 44.325
202003 32.345 108.902 40.075
202006 32.811 108.767 40.702
202009 34.591 109.815 42.501
202012 36.861 109.897 45.256
202103 33.540 111.754 40.494
202106 34.952 114.631 41.140
202109 37.555 115.734 43.783
202112 40.388 117.630 46.327
202203 36.243 121.301 40.314
202206 39.435 125.017 42.561
202209 43.770 125.227 47.160
202212 47.581 125.222 51.269
202303 39.401 127.348 41.746
202306 39.551 128.729 41.455
202309 41.459 129.860 43.077
202312 44.324 129.419 46.210
202403 40.073 131.776 41.031
202406 40.667 132.554 41.395
202409 41.326 133.029 41.916
202412 44.578 133.157 45.170
202503 40.190 134.927 40.190

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


UTECHZONE Co  (ROCO:3455) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=87.80/41.29
=2.13

* 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 UTECHZONE Co was 3.57. The lowest was 1.21. And the median was 2.11.


Be Aware

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


UTECHZONE Co Cyclically Adjusted Book per Share Related Terms

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


UTECHZONE Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » UTECHZONE Co Ltd (ROCO:3455) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
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Address
10F, No. 268, Liancheng Road, Taipei County, Jhonghe City, TWN, 23553
UTECHZONE Co Ltd is engaged in the development of automated optical inspection equipment for integrated circuits and thin film transistor liquid crystal displays. It provides strip type, panel type and flip chip AOI equipment.

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