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Soft-World International (ROCO:5478) Cyclically Adjusted Book per Share : NT$57.69 (As of Jun. 2024)


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What is Soft-World International 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.

Soft-World International's adjusted book value per share for the three months ended in Jun. 2024 was NT$62.679. 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$57.69 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Soft-World International'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 6.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.70% 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 Soft-World International was 6.90% per year. The lowest was 5.00% per year. And the median was 6.10% per year.

As of today (2024-09-24), Soft-World International's current stock price is NT$130.00. Soft-World International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was NT$57.69. Soft-World International's Cyclically Adjusted PB Ratio of today is 2.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Soft-World International was 3.40. The lowest was 1.32. And the median was 1.83.


Soft-World International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Soft-World International'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.

Soft-World International Cyclically Adjusted Book per Share Chart

Soft-World International 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 44.77 45.77 49.71 53.50 55.92

Soft-World International 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 55.23 55.90 55.92 57.11 57.69

Competitive Comparison of Soft-World International's Cyclically Adjusted Book per Share

For the Electronic Gaming & Multimedia subindustry, Soft-World International'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.


Soft-World International's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Soft-World International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Soft-World International's Cyclically Adjusted PB Ratio falls into.



Soft-World International 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, Soft-World International'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)
=62.679/132.5538*132.5538
=62.679

Current CPI (Jun. 2024) = 132.5538.

Soft-World International Quarterly Data

Book Value per Share CPI Adj_Book
201409 40.975 100.428 54.083
201412 41.723 99.070 55.825
201503 42.784 99.621 56.928
201506 40.524 100.684 53.351
201509 41.049 100.392 54.200
201512 42.663 99.792 56.669
201603 43.901 100.470 57.920
201606 42.734 101.688 55.705
201609 44.014 101.861 57.276
201612 44.692 101.863 58.158
201703 45.492 102.862 58.623
201706 44.180 103.349 56.665
201709 44.134 104.136 56.178
201712 44.505 104.011 56.718
201803 45.434 105.290 57.199
201806 43.222 106.317 53.888
201809 43.534 106.507 54.181
201812 46.423 105.998 58.053
201903 48.312 107.251 59.710
201906 46.508 108.070 57.045
201909 47.983 108.329 58.713
201912 48.908 108.420 59.795
202003 49.521 108.902 60.276
202006 48.100 108.767 58.619
202009 49.709 109.815 60.002
202012 52.055 109.897 62.787
202103 53.897 111.754 63.928
202106 56.142 114.631 64.920
202109 50.870 115.734 58.263
202112 53.583 117.630 60.381
202203 49.207 121.301 53.772
202206 50.916 125.017 53.986
202209 52.438 125.227 55.506
202212 55.963 125.222 59.240
202303 50.984 127.348 53.068
202306 54.451 128.729 56.069
202309 56.201 129.860 57.367
202312 57.836 129.419 59.237
202403 60.217 131.776 60.572
202406 62.679 132.554 62.679

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


Soft-World International  (ROCO:5478) 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.

Soft-World International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=130.00/57.69
=2.25

* 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 Soft-World International was 3.40. The lowest was 1.32. And the median was 1.83.


Be Aware

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


Soft-World International Cyclically Adjusted Book per Share Related Terms

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


Soft-World International Business Description

Traded in Other Exchanges
N/A
Address
No. 61, Minzhuang Road, 13th floor, Chianjen Chiu, Kaohsiung, TWN, 806
Soft-World International Corp is engaged in the production, sales and provides agency services of entertainment and commercial software; editing, printing and publishing of game magazines; commercial advertising services; and purchase and sale of entertainment products and accessories of the game software. Its segments include Soft-World International Corporation; Chinese Gamer International Corporation; Game Flier International Corporation; Neweb Technologies; Efun Corporation; and Others.

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