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EFUN Technology Co (ROCO:3523) Cyclically Adjusted Book per Share : NT$19.21 (As of Mar. 2024)


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What is EFUN Technology 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.

EFUN Technology Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$8.208. 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$19.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, EFUN Technology Co's average Cyclically Adjusted Book Growth Rate was -25.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -21.10% 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 EFUN Technology Co was -16.00% per year. The lowest was -21.10% per year. And the median was -18.55% per year.

As of today (2024-05-23), EFUN Technology Co's current stock price is NT$18.80. EFUN Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$19.21. EFUN Technology Co's Cyclically Adjusted PB Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of EFUN Technology Co was 1.05. The lowest was 0.27. And the median was 0.48.


EFUN Technology Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for EFUN Technology 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.

EFUN Technology Co Cyclically Adjusted Book per Share Chart

EFUN Technology 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 46.63 41.96 35.06 27.67 20.63

EFUN Technology 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 25.93 24.19 22.52 20.63 19.21

Competitive Comparison of EFUN Technology Co's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, EFUN Technology 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.


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

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

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



EFUN Technology 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, EFUN Technology 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)
=8.208/131.7762*131.7762
=8.208

Current CPI (Mar. 2024) = 131.7762.

EFUN Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 55.025 100.560 72.106
201409 50.921 100.428 66.816
201412 40.787 99.070 54.252
201503 38.745 99.621 51.251
201506 36.362 100.684 47.591
201509 33.925 100.392 44.531
201512 26.829 99.792 35.428
201603 23.526 100.470 30.857
201606 20.113 101.688 26.064
201609 16.749 101.861 21.668
201612 10.504 101.863 13.589
201703 7.782 102.862 9.969
201706 4.228 103.349 5.391
201709 17.056 104.136 21.583
201712 14.782 104.011 18.728
201803 13.497 105.290 16.892
201806 11.866 106.317 14.708
201809 15.712 106.507 19.440
201812 9.949 105.998 12.369
201903 9.158 107.251 11.252
201906 8.383 108.070 10.222
201909 8.518 108.329 10.362
201912 8.652 108.420 10.516
202003 8.480 108.902 10.261
202006 9.011 108.767 10.917
202009 8.749 109.815 10.499
202012 8.649 109.897 10.371
202103 8.383 111.754 9.885
202106 7.808 114.631 8.976
202109 7.511 115.734 8.552
202112 7.033 117.630 7.879
202203 6.577 121.301 7.145
202206 5.970 125.017 6.293
202209 5.419 125.227 5.702
202212 4.789 125.222 5.040
202303 4.037 127.348 4.177
202306 10.051 128.729 10.289
202309 9.531 129.860 9.672
202312 8.698 129.419 8.856
202403 8.208 131.776 8.208

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


EFUN Technology Co  (ROCO:3523) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.80/19.21
=0.98

* 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 EFUN Technology Co was 1.05. The lowest was 0.27. And the median was 0.48.


Be Aware

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


EFUN Technology Co Cyclically Adjusted Book per Share Related Terms

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


EFUN Technology Co (ROCO:3523) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 391, Section 2, Bentian Road, Annan District, Tainan, TWN, 70955
EFUN Technology Co Ltd is an LCD optical film production company. The company is also engaged in the production of ITO touch transparent conductive films, hardened films, explosion-proof films, and roll-type touch modules. The products of the company include quantum dot film, anti-fog film, EMI, anti-reflective coating, an insulation film, and water-blocking film.

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