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eMemory Technology (ROCO:3529) Cyclically Adjusted Book per Share : NT$32.66 (As of Mar. 2024)


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What is eMemory Technology 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.

eMemory Technology's adjusted book value per share for the three months ended in Mar. 2024 was NT$46.318. 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$32.66 for the trailing ten years ended in Mar. 2024.

During the past 12 months, eMemory Technology's average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.60% 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 eMemory Technology was 8.60% per year. The lowest was 5.10% per year. And the median was 6.90% per year.

As of today (2024-05-22), eMemory Technology's current stock price is NT$2295.00. eMemory Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$32.66. eMemory Technology's Cyclically Adjusted PB Ratio of today is 70.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of eMemory Technology was 95.40. The lowest was 7.21. And the median was 42.36.


eMemory Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for eMemory Technology'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.

eMemory Technology Cyclically Adjusted Book per Share Chart

eMemory Technology 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 24.27 24.73 26.88 29.63 31.71

eMemory Technology 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 30.60 31.05 31.52 31.71 32.66

Competitive Comparison of eMemory Technology's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, eMemory Technology'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.


eMemory Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



eMemory Technology 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, eMemory Technology'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)
=46.318/131.7762*131.7762
=46.318

Current CPI (Mar. 2024) = 131.7762.

eMemory Technology Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.297 100.560 26.598
201409 22.219 100.428 29.155
201412 23.563 99.070 31.342
201503 25.199 99.621 33.333
201506 20.919 100.684 27.379
201509 22.321 100.392 29.299
201512 23.973 99.792 31.656
201603 26.292 100.470 34.484
201606 21.781 101.688 28.226
201609 23.587 101.861 30.514
201612 25.747 101.863 33.308
201703 27.468 102.862 35.189
201706 22.974 103.349 29.293
201709 25.622 104.136 32.423
201712 27.251 104.011 34.525
201803 29.718 105.290 37.194
201806 23.801 106.317 29.501
201809 24.075 106.507 29.787
201812 23.356 105.998 29.036
201903 25.757 107.251 31.647
201906 19.363 108.070 23.611
201909 21.166 108.329 25.747
201912 22.918 108.420 27.855
202003 25.318 108.902 30.636
202006 20.611 108.767 24.971
202009 23.767 109.815 28.520
202012 26.798 109.897 32.133
202103 30.809 111.754 36.329
202106 25.352 114.631 29.144
202109 29.117 115.734 33.153
202112 33.201 117.630 37.194
202203 38.204 121.301 41.503
202206 29.895 125.017 31.511
202209 35.246 125.227 37.089
202212 41.012 125.222 43.159
202303 45.225 127.348 46.798
202306 29.525 128.729 30.224
202309 35.055 129.860 35.572
202312 40.504 129.419 41.242
202403 46.318 131.776 46.318

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


eMemory Technology  (ROCO:3529) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2295.00/32.66
=70.27

* 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 eMemory Technology was 95.40. The lowest was 7.21. And the median was 42.36.


Be Aware

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


eMemory Technology Cyclically Adjusted Book per Share Related Terms

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


eMemory Technology (ROCO:3529) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8th Floor, No. 5, Tai-Yuan 1st Street, Hsinchu, Jhubei, TWN, 302082
eMemory Technology Inc provides and develops embedded flash memory products. It licenses its intellectual property (IP) to semiconductor foundries, integrated devices manufacturers and design houses. Its products are NeoBit, NeoFuse, NeoMTP, NeoPUF, and NeoEE. The company earns revenue in the form of Royalty and Income generated from the Technical Service provided, out of which the majority comes from the Royalties. The company operates in Taiwan, China, Singapore, Korea, the United States of America and other countries. Taiwan contributes to the majority of the revenue.

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