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Lealea Hotels & Resorts Co (ROCO:5364) Cyclically Adjusted Book per Share : NT$16.85 (As of Mar. 2024)


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What is Lealea Hotels & Resorts 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.

Lealea Hotels & Resorts Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$12.137. 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$16.85 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lealea Hotels & Resorts Co's average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.70% 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 Lealea Hotels & Resorts Co was -1.70% per year. The lowest was -5.90% per year. And the median was -3.80% per year.

As of today (2024-06-09), Lealea Hotels & Resorts Co's current stock price is NT$17.70. Lealea Hotels & Resorts Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$16.85. Lealea Hotels & Resorts Co's Cyclically Adjusted PB Ratio of today is 1.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lealea Hotels & Resorts Co was 1.85. The lowest was 0.58. And the median was 1.10.


Lealea Hotels & Resorts Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lealea Hotels & Resorts 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.

Lealea Hotels & Resorts Co Cyclically Adjusted Book per Share Chart

Lealea Hotels & Resorts 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 19.21 17.66 15.96 16.02 16.78

Lealea Hotels & Resorts Co 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 16.46 16.78 16.92 16.78 16.85

Competitive Comparison of Lealea Hotels & Resorts Co's Cyclically Adjusted Book per Share

For the Lodging subindustry, Lealea Hotels & Resorts 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.


Lealea Hotels & Resorts Co's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Lealea Hotels & Resorts Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lealea Hotels & Resorts Co's Cyclically Adjusted PB Ratio falls into.



Lealea Hotels & Resorts 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, Lealea Hotels & Resorts Co'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)
=12.137/131.7762*131.7762
=12.137

Current CPI (Mar. 2024) = 131.7762.

Lealea Hotels & Resorts Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.539 100.560 21.673
201409 17.047 100.428 22.368
201412 17.246 99.070 22.940
201503 17.597 99.621 23.277
201506 16.810 100.684 22.001
201509 17.401 100.392 22.841
201512 18.355 99.792 24.238
201603 17.894 100.470 23.470
201606 17.247 101.688 22.350
201609 19.058 101.861 24.655
201612 19.454 101.863 25.167
201703 18.928 102.862 24.249
201706 17.966 103.349 22.908
201709 17.802 104.136 22.527
201712 17.285 104.011 21.899
201803 15.200 105.290 19.024
201806 14.398 106.317 17.846
201809 14.757 106.507 18.258
201812 14.575 105.998 18.120
201903 13.829 107.251 16.991
201906 13.070 108.070 15.937
201909 13.169 108.329 16.019
201912 12.751 108.420 15.498
202003 10.256 108.902 12.410
202006 9.296 108.767 11.262
202009 11.127 109.815 13.352
202012 11.102 109.897 13.312
202103 12.056 111.754 14.216
202106 10.414 114.631 11.972
202109 9.488 115.734 10.803
202112 10.665 117.630 11.948
202203 10.504 121.301 11.411
202206 9.695 125.017 10.219
202209 10.327 125.227 10.867
202212 10.085 125.222 10.613
202303 9.819 127.348 10.160
202306 8.273 128.729 8.469
202309 8.144 129.860 8.264
202312 7.986 129.419 8.131
202403 12.137 131.776 12.137

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


Lealea Hotels & Resorts Co  (ROCO:5364) 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.

Lealea Hotels & Resorts Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.70/16.85
=1.05

* 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 Lealea Hotels & Resorts Co was 1.85. The lowest was 0.58. And the median was 1.10.


Be Aware

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


Lealea Hotels & Resorts Co Cyclically Adjusted Book per Share Related Terms

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


Lealea Hotels & Resorts Co (ROCO:5364) Business Description

Traded in Other Exchanges
N/A
Address
No. 162, Songjiang Road, 3rd Floor, Zhongshan District, Taipei, TWN, 104
Lealea Hotels & Resorts Co Ltd is engaged in hotel operations in Taiwan. The company's hotels and resorts include Lealea Garden Hotel, The Richforest Hotel, Makauy Ecological Park, 9inn Hotel and Chaptel Hotel.

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