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Pan Asia Chemical (ROCO:4707) Cyclically Adjusted Book per Share : NT$13.60 (As of Jun. 2024)


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What is Pan Asia Chemical 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.

Pan Asia Chemical's adjusted book value per share for the three months ended in Jun. 2024 was NT$15.104. 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$13.60 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Pan Asia Chemical'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 8.00% 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 Pan Asia Chemical was 8.00% per year. The lowest was 7.00% per year. And the median was 7.50% per year.

As of today (2024-09-21), Pan Asia Chemical's current stock price is NT$16.35. Pan Asia Chemical's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was NT$13.60. Pan Asia Chemical's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pan Asia Chemical was 1.20. The lowest was 0.65. And the median was 0.88.


Pan Asia Chemical Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pan Asia Chemical'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.

Pan Asia Chemical Cyclically Adjusted Book per Share Chart

Pan Asia Chemical 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 10.23 10.46 11.58 12.54 13.16

Pan Asia Chemical Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 13.01 13.15 13.16 13.45 13.60

Competitive Comparison of Pan Asia Chemical's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Pan Asia Chemical'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.


Pan Asia Chemical's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Pan Asia Chemical's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pan Asia Chemical's Cyclically Adjusted PB Ratio falls into.



Pan Asia Chemical 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, Pan Asia Chemical's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=15.104/132.5538*132.5538
=15.104

Current CPI (Jun. 2024) = 132.5538.

Pan Asia Chemical Quarterly Data

Book Value per Share CPI Adj_Book
201409 8.157 100.428 10.766
201412 9.072 99.070 12.138
201503 9.551 99.621 12.708
201506 8.995 100.684 11.842
201509 8.890 100.392 11.738
201512 8.711 99.792 11.571
201603 8.521 100.470 11.242
201606 8.109 101.688 10.570
201609 8.616 101.861 11.212
201612 9.324 101.863 12.133
201703 9.274 102.862 11.951
201706 9.265 103.349 11.883
201709 9.606 104.136 12.227
201712 10.512 104.011 13.397
201803 10.430 105.290 13.131
201806 11.007 106.317 13.723
201809 12.120 106.507 15.084
201812 11.439 105.998 14.305
201903 11.463 107.251 14.167
201906 11.169 108.070 13.699
201909 11.054 108.329 13.526
201912 11.310 108.420 13.828
202003 9.354 108.902 11.386
202006 10.427 108.767 12.707
202009 11.373 109.815 13.728
202012 13.955 109.897 16.832
202103 13.357 111.754 15.843
202106 14.425 114.631 16.680
202109 14.286 115.734 16.362
202112 14.430 117.630 16.261
202203 14.000 121.301 15.299
202206 13.143 125.017 13.935
202209 13.520 125.227 14.311
202212 14.067 125.222 14.891
202303 14.099 127.348 14.675
202306 14.246 128.729 14.669
202309 14.276 129.860 14.572
202312 14.896 129.419 15.257
202403 14.543 131.776 14.629
202406 15.104 132.554 15.104

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


Pan Asia Chemical  (ROCO:4707) 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.

Pan Asia Chemical's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.35/13.6
=1.20

* 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 Pan Asia Chemical was 1.20. The lowest was 0.65. And the median was 0.88.


Be Aware

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


Pan Asia Chemical Cyclically Adjusted Book per Share Related Terms

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


Pan Asia Chemical Business Description

Industry
Traded in Other Exchanges
N/A
Address
Hsin Sheng South Road, 11F., No.50, Sec. 1, Taipei, TWN
Pan Asia Chemical Corp is engaged in the manufacturing, processing, and distribution of various non-ionic surfactants, which could be divided into two parts: Ethylene oxide derivative products and esterified products. Its products are applied in household cleaners, personal toiletries, as well as fiber, metal, plastics, and rubber industries, among others.

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