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United Fiber Optic Communication (ROCO:4903) Cyclically Adjusted Book per Share : NT$15.07 (As of Jun. 2024)


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What is United Fiber Optic Communication 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.

United Fiber Optic Communication's adjusted book value per share for the three months ended in Jun. 2024 was NT$10.004. 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$15.07 for the trailing ten years ended in Jun. 2024.

During the past 12 months, United Fiber Optic Communication's average Cyclically Adjusted Book Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.00% 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 United Fiber Optic Communication was -0.50% per year. The lowest was -1.00% per year. And the median was -0.75% per year.

As of today (2024-09-25), United Fiber Optic Communication's current stock price is NT$38.65. United Fiber Optic Communication's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was NT$15.07. United Fiber Optic Communication's Cyclically Adjusted PB Ratio of today is 2.56.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Fiber Optic Communication was 2.19. The lowest was 0.65. And the median was 1.02.


United Fiber Optic Communication Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Fiber Optic Communication'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.

United Fiber Optic Communication Cyclically Adjusted Book per Share Chart

United Fiber Optic Communication 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 16.05 15.69 15.92 15.81 15.24

United Fiber Optic Communication 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 15.70 15.55 15.24 15.24 15.07

Competitive Comparison of United Fiber Optic Communication's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, United Fiber Optic Communication'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.


United Fiber Optic Communication's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, United Fiber Optic Communication's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Fiber Optic Communication's Cyclically Adjusted PB Ratio falls into.



United Fiber Optic Communication 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, United Fiber Optic Communication'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)
=10.004/132.5538*132.5538
=10.004

Current CPI (Jun. 2024) = 132.5538.

United Fiber Optic Communication Quarterly Data

Book Value per Share CPI Adj_Book
201409 15.078 100.428 19.901
201412 15.847 99.070 21.203
201503 16.265 99.621 21.642
201506 15.062 100.684 19.830
201509 15.399 100.392 20.332
201512 15.442 99.792 20.512
201603 15.628 100.470 20.619
201606 14.947 101.688 19.484
201609 15.036 101.861 19.567
201612 15.104 101.863 19.655
201703 15.055 102.862 19.401
201706 15.194 103.349 19.488
201709 15.375 104.136 19.571
201712 15.044 104.011 19.172
201803 15.284 105.290 19.242
201806 14.683 106.317 18.306
201809 14.092 106.507 17.538
201812 12.867 105.998 16.091
201903 12.794 107.251 15.812
201906 12.936 108.070 15.867
201909 12.668 108.329 15.501
201912 12.336 108.420 15.082
202003 12.264 108.902 14.928
202006 11.191 108.767 13.638
202009 10.067 109.815 12.152
202012 9.689 109.897 11.687
202103 9.610 111.754 11.399
202106 9.547 114.631 11.040
202109 9.722 115.734 11.135
202112 9.183 117.630 10.348
202203 8.953 121.301 9.784
202206 8.044 125.017 8.529
202209 8.339 125.227 8.827
202212 8.475 125.222 8.971
202303 9.100 127.348 9.472
202306 8.911 128.729 9.176
202309 8.838 129.860 9.021
202312 9.493 129.419 9.723
202403 9.250 131.776 9.305
202406 10.004 132.554 10.004

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


United Fiber Optic Communication  (ROCO:4903) 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.

United Fiber Optic Communication's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.65/15.07
=2.56

* 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 United Fiber Optic Communication was 2.19. The lowest was 0.65. And the median was 1.02.


Be Aware

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


United Fiber Optic Communication Cyclically Adjusted Book per Share Related Terms

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


United Fiber Optic Communication Business Description

Traded in Other Exchanges
N/A
Address
No. 12, Creation Road IV, Science-Based Industrial Park, Hsinchu, TWN
United Fiber Optic Communication Inc manufactures and distributes optical fiber cables and transmission equipment. The company mainly engages in exporting and importing products as well as providing services regarding fiber optic cables, related materials and accessories, transmission equipment, dense wavelength division multiplex (DWDM), repeaters, panels and boxes, and preforms, related communications equipment and network workstation systems, FDDI network equipment, optical Cable TV transmitters and receivers, FM PSK multi-band video transmission series, broadband data transmission, and network management systems.

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