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Leo Systems (ROCO:5410) Cyclically Adjusted Book per Share : NT$16.08 (As of Mar. 2024)


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What is Leo 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.

Leo Systems's adjusted book value per share for the three months ended in Mar. 2024 was NT$16.523. 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$16.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Leo Systems's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.40% 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 Leo Systems was 6.40% per year. The lowest was 5.80% per year. And the median was 6.10% per year.

As of today (2024-06-05), Leo Systems's current stock price is NT$40.00. Leo Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$16.08. Leo Systems's Cyclically Adjusted PB Ratio of today is 2.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Leo Systems was 2.49. The lowest was 1.30. And the median was 1.75.


Leo Systems Cyclically Adjusted Book per Share Historical Data

The historical data trend for Leo 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.

Leo Systems Cyclically Adjusted Book per Share Chart

Leo 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 12.86 13.10 14.20 15.21 15.78

Leo 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 15.50 15.67 15.81 15.78 16.08

Competitive Comparison of Leo Systems's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Leo 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.


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

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

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



Leo 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, Leo 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)
=16.523/131.7762*131.7762
=16.523

Current CPI (Mar. 2024) = 131.7762.

Leo Systems Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.458 100.560 15.015
201409 11.670 100.428 15.313
201412 12.158 99.070 16.172
201503 12.423 99.621 16.433
201506 11.534 100.684 15.096
201509 11.649 100.392 15.291
201512 12.405 99.792 16.381
201603 12.687 100.470 16.640
201606 11.732 101.688 15.203
201609 12.016 101.861 15.545
201612 12.378 101.863 16.013
201703 12.643 102.862 16.197
201706 11.983 103.349 15.279
201709 12.302 104.136 15.567
201712 12.745 104.011 16.147
201803 13.126 105.290 16.428
201806 12.216 106.317 15.141
201809 12.565 106.507 15.546
201812 12.974 105.998 16.129
201903 13.504 107.251 16.592
201906 12.611 108.070 15.377
201909 13.182 108.329 16.035
201912 13.488 108.420 16.394
202003 13.958 108.902 16.890
202006 13.001 108.767 15.751
202009 13.545 109.815 16.254
202012 13.974 109.897 16.756
202103 14.695 111.754 17.328
202106 15.040 114.631 17.289
202109 14.164 115.734 16.127
202112 15.021 117.630 16.827
202203 15.586 121.301 16.932
202206 14.009 125.017 14.766
202209 15.396 125.227 16.201
202212 16.272 125.222 17.124
202303 16.751 127.348 17.334
202306 14.767 128.729 15.117
202309 15.276 129.860 15.501
202312 16.138 129.419 16.432
202403 16.523 131.776 16.523

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


Leo Systems  (ROCO:5410) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.00/16.08
=2.49

* 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 Leo Systems was 2.49. The lowest was 1.30. And the median was 1.75.


Be Aware

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


Leo Systems Cyclically Adjusted Book per Share Related Terms

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


Leo Systems (ROCO:5410) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Leo Systems Inc (ROCO:5410) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
298 Yang Guang Street, 3rd Floor, Neihu District, Taipei, TWN, 11491
Leo Systems Inc is mainly engaged in the sales of information software and hardware products, software planning and design, computer hardware maintenance services, and system integration.

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