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Thintech Material Technology Co (ROCO:3663) Cyclically Adjusted Book per Share : NT$18.98 (As of Sep. 2024)


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What is Thintech Material 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.

Thintech Material Technology Co's adjusted book value per share for the three months ended in Sep. 2024 was NT$17.943. 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$18.98 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Thintech Material Technology Co's average Cyclically Adjusted Book Growth Rate was -0.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.80% 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 Thintech Material Technology Co was 2.80% per year. The lowest was 2.80% per year. And the median was 2.80% per year.

As of today (2024-12-11), Thintech Material Technology Co's current stock price is NT$75.00. Thintech Material Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was NT$18.98. Thintech Material Technology Co's Cyclically Adjusted PB Ratio of today is 3.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Thintech Material Technology Co was 5.46. The lowest was 1.05. And the median was 1.68.


Thintech Material Technology Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Thintech Material 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.

Thintech Material Technology Co Cyclically Adjusted Book per Share Chart

Thintech Material 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 - 17.43 18.29 18.94 18.91

Thintech Material Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 19.15 18.91 19.09 19.05 18.98

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

For the Metal Fabrication subindustry, Thintech Material 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.


Thintech Material Technology Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thintech Material Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Thintech Material 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, Thintech Material Technology Co's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=17.943/133.0289*133.0289
=17.943

Current CPI (Sep. 2024) = 133.0289.

Thintech Material Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 17.941 99.070 24.091
201503 17.505 99.621 23.375
201506 16.696 100.684 22.060
201509 15.677 100.392 20.774
201512 14.812 99.792 19.745
201603 14.962 100.470 19.811
201606 15.142 101.688 19.809
201609 15.309 101.861 19.993
201612 15.384 101.863 20.091
201703 15.317 102.862 19.809
201706 14.869 103.349 19.139
201709 15.076 104.136 19.259
201712 15.101 104.011 19.314
201803 15.336 105.290 19.376
201806 15.069 106.317 18.855
201809 14.838 106.507 18.533
201812 15.007 105.998 18.834
201903 15.436 107.251 19.146
201906 15.852 108.070 19.513
201909 16.090 108.329 19.759
201912 16.139 108.420 19.802
202003 16.279 108.902 19.886
202006 15.405 108.767 18.841
202009 15.587 109.815 18.882
202012 15.800 109.897 19.126
202103 15.978 111.754 19.020
202106 15.385 114.631 17.854
202109 15.599 115.734 17.930
202112 15.937 117.630 18.023
202203 16.357 121.301 17.938
202206 15.850 125.017 16.866
202209 16.149 125.227 17.155
202212 16.248 125.222 17.261
202303 16.941 127.348 17.697
202306 16.074 128.729 16.611
202309 16.301 129.860 16.699
202312 16.267 129.419 16.721
202403 16.469 131.776 16.626
202406 16.975 132.554 17.036
202409 17.943 133.029 17.943

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


Thintech Material Technology Co  (ROCO:3663) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=75.00/18.98
=3.95

* 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 Thintech Material Technology Co was 5.46. The lowest was 1.05. And the median was 1.68.


Be Aware

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


Thintech Material Technology Co Cyclically Adjusted Book per Share Related Terms

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


Thintech Material Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 140, Zhongshan North Road, 8F-4 Floor, Gangshan District, Kaohsiung, TWN
Thintech Material Technology Co Ltd is a Taiwan-based company engaged in the processing and sales of a variety of thin film sputtering targets and precious metals, as well as trading general metals. Its products include conductive paste for solar cells, thin film for sputtering targets, target bonding service, precious metal refining, injection molding bi-metal barrels, and special alloy powder.

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