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Rich Development Co (ROCO:5512) Cyclically Adjusted Book per Share : NT$21.22 (As of Jun. 2024)


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What is Rich Development 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.

Rich Development Co's adjusted book value per share for the three months ended in Jun. 2024 was NT$17.941. 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$21.22 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Rich Development Co's average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.50% 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 Rich Development Co was 4.90% per year. The lowest was 4.70% per year. And the median was 4.80% per year.

As of today (2024-09-22), Rich Development Co's current stock price is NT$10.65. Rich Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was NT$21.22. Rich Development Co's Cyclically Adjusted PB Ratio of today is 0.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Rich Development Co was 0.67. The lowest was 0.38. And the median was 0.49.


Rich Development Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Rich Development 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.

Rich Development Co Cyclically Adjusted Book per Share Chart

Rich Development 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 17.87 18.13 19.52 20.58 20.91

Rich Development Co 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 20.98 21.07 20.91 21.20 21.22

Competitive Comparison of Rich Development Co's Cyclically Adjusted Book per Share

For the Real Estate - Diversified subindustry, Rich Development 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.


Rich Development Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Rich Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Rich Development Co's Cyclically Adjusted PB Ratio falls into.



Rich Development 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, Rich Development Co'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)
=17.941/132.5538*132.5538
=17.941

Current CPI (Jun. 2024) = 132.5538.

Rich Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201409 17.658 100.428 23.307
201412 17.597 99.070 23.545
201503 17.984 99.621 23.929
201506 17.424 100.684 22.939
201509 17.352 100.392 22.911
201512 17.400 99.792 23.112
201603 17.488 100.470 23.072
201606 17.284 101.688 22.530
201609 17.437 101.861 22.691
201612 17.488 101.863 22.757
201703 18.390 102.862 23.698
201706 17.875 103.349 22.926
201709 17.907 104.136 22.794
201712 17.898 104.011 22.810
201803 18.034 105.290 22.704
201806 17.404 106.317 21.699
201809 17.468 106.507 21.740
201812 17.357 105.998 21.705
201903 17.390 107.251 21.493
201906 17.911 108.070 21.969
201909 18.128 108.329 22.182
201912 17.917 108.420 21.905
202003 17.867 108.902 21.748
202006 17.411 108.767 21.219
202009 17.517 109.815 21.144
202012 17.667 109.897 21.309
202103 17.587 111.754 20.860
202106 17.525 114.631 20.265
202109 17.396 115.734 19.924
202112 17.764 117.630 20.018
202203 17.735 121.301 19.380
202206 17.579 125.017 18.639
202209 17.403 125.227 18.421
202212 17.385 125.222 18.403
202303 17.397 127.348 18.108
202306 17.641 128.729 18.165
202309 17.815 129.860 18.185
202312 17.951 129.419 18.386
202403 18.140 131.776 18.247
202406 17.941 132.554 17.941

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


Rich Development Co  (ROCO:5512) 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.

Rich Development Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.65/21.22
=0.50

* 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 Rich Development Co was 0.67. The lowest was 0.38. And the median was 0.49.


Be Aware

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


Rich Development Co Cyclically Adjusted Book per Share Related Terms

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


Rich Development Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 99, Chi Lin Road, 8th Floor, Taipei, TWN, 104
Rich Development Co Ltd is a Taiwan-based company primarily engaged in the construction, development, leasing, and distribution of residential and commercial buildings. The company's main business includes commissioning manufacturers to build commercial buildings and lease and sale of public housing; commissioned by government industrial authorities to handle the development, leasing and management of industrial areas; construction of sewage treatment plants and operation of sewage treatment projects; operation of resort hotels and travel agency operations and others. Its segments include the Construction segment, the Sewage treatment segment: and the Tourist hotel segment.

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