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Connection Technology Systems (ROCO:3672) Cyclically Adjusted Book per Share : NT$15.89 (As of Mar. 2024)


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What is Connection Technology Systems 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.

Connection Technology Systems's adjusted book value per share for the three months ended in Mar. 2024 was NT$9.960. 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$15.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Connection Technology Systems's average Cyclically Adjusted Book Growth Rate was 0.60% 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.

As of today (2024-06-06), Connection Technology Systems's current stock price is NT$22.80. Connection Technology Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$15.89. Connection Technology Systems's Cyclically Adjusted PB Ratio of today is 1.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Connection Technology Systems was 1.87. The lowest was 1.28. And the median was 1.63.


Connection Technology Systems Cyclically Adjusted Book per Share Historical Data

The historical data trend for Connection Technology Systems'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.

Connection Technology Systems Cyclically Adjusted Book per Share Chart

Connection Technology Systems 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 - - - 15.46 15.76

Connection Technology Systems 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 15.79 15.83 15.83 15.76 15.89

Competitive Comparison of Connection Technology Systems's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Connection Technology Systems'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.


Connection Technology Systems's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Connection Technology Systems 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, Connection Technology Systems'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)
=9.96/131.7762*131.7762
=9.960

Current CPI (Mar. 2024) = 131.7762.

Connection Technology Systems Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.499 100.560 13.758
201409 10.978 100.428 14.405
201412 11.566 99.070 15.384
201503 12.350 99.621 16.336
201506 13.833 100.684 18.105
201509 14.750 100.392 19.361
201512 15.196 99.792 20.066
201603 15.710 100.470 20.605
201606 14.601 101.688 18.921
201609 15.133 101.861 19.577
201612 15.612 101.863 20.197
201703 15.568 102.862 19.944
201706 14.719 103.349 18.768
201709 14.913 104.136 18.871
201712 14.893 104.011 18.869
201803 15.014 105.290 18.791
201806 14.458 106.317 17.920
201809 14.346 106.507 17.750
201812 14.551 105.998 18.090
201903 14.423 107.251 17.721
201906 13.964 108.070 17.027
201909 12.994 108.329 15.806
201912 12.309 108.420 14.961
202003 11.804 108.902 14.283
202006 11.770 108.767 14.260
202009 12.342 109.815 14.810
202012 12.699 109.897 15.227
202103 12.340 111.754 14.551
202106 12.364 114.631 14.213
202109 12.658 115.734 14.413
202112 12.640 117.630 14.160
202203 12.830 121.301 13.938
202206 12.676 125.017 13.361
202209 12.938 125.227 13.615
202212 12.089 125.222 12.722
202303 11.588 127.348 11.991
202306 10.982 128.729 11.242
202309 10.656 129.860 10.813
202312 10.767 129.419 10.963
202403 9.960 131.776 9.960

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


Connection Technology Systems  (ROCO:3672) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.80/15.89
=1.43

* 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 Connection Technology Systems was 1.87. The lowest was 1.28. And the median was 1.63.


Be Aware

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


Connection Technology Systems Cyclically Adjusted Book per Share Related Terms

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


Connection Technology Systems (ROCO:3672) Business Description

Traded in Other Exchanges
N/A
Address
18F-6, No.79, Sec.1, Xintai 5th Road, Xizhi District, New Taipei City, Taipei, TWN, 221
Connection Technology Systems Inc. is engaged in providing fiber optic communication products and services in Taiwan. Its main products include Fiber Switch Product, Fiber Gateway Product, PoE Product, Media Converter Product.

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