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Chung Lien Co (ROCO:5604) Cyclically Adjusted Book per Share : NT$26.92 (As of Mar. 2024)


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What is Chung Lien 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.

Chung Lien Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$18.500. 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$26.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chung Lien Co's average Cyclically Adjusted Book Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.10% 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 Chung Lien Co was 4.40% per year. The lowest was 4.10% per year. And the median was 4.25% per year.

As of today (2024-06-13), Chung Lien Co's current stock price is NT$41.30. Chung Lien Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$26.92. Chung Lien Co's Cyclically Adjusted PB Ratio of today is 1.53.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Chung Lien Co was 4.02. The lowest was 1.48. And the median was 2.17.


Chung Lien Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Chung Lien 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.

Chung Lien Co Cyclically Adjusted Book per Share Chart

Chung Lien 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 23.28 23.65 25.62 26.52 26.68

Chung Lien 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 26.77 26.90 26.96 26.68 26.92

Competitive Comparison of Chung Lien Co's Cyclically Adjusted Book per Share

For the Trucking subindustry, Chung Lien 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.


Chung Lien Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chung Lien Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Chung Lien 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, Chung Lien 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)
=18.5/131.7762*131.7762
=18.500

Current CPI (Mar. 2024) = 131.7762.

Chung Lien Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.880 100.560 26.051
201409 20.234 100.428 26.550
201412 20.719 99.070 27.559
201503 20.977 99.621 27.748
201506 19.497 100.684 25.518
201509 19.779 100.392 25.962
201512 22.489 99.792 29.697
201603 22.700 100.470 29.773
201606 19.700 101.688 25.529
201609 19.875 101.861 25.712
201612 20.520 101.863 26.546
201703 20.574 102.862 26.357
201706 18.807 103.349 23.980
201709 18.889 104.136 23.903
201712 19.612 104.011 24.847
201803 23.137 105.290 28.957
201806 21.705 106.317 26.903
201809 21.793 106.507 26.964
201812 22.237 105.998 27.645
201903 22.267 107.251 27.359
201906 23.512 108.070 28.670
201909 23.459 108.329 28.536
201912 24.648 108.420 29.958
202003 24.769 108.902 29.972
202006 19.517 108.767 23.646
202009 27.754 109.815 33.304
202012 27.907 109.897 33.463
202103 33.872 111.754 39.940
202106 34.059 114.631 39.153
202109 26.303 115.734 29.949
202112 26.705 117.630 29.917
202203 26.921 121.301 29.246
202206 21.032 125.017 22.169
202209 21.241 125.227 22.352
202212 21.456 125.222 22.579
202303 19.656 127.348 20.340
202306 19.861 128.729 20.331
202309 20.072 129.860 20.368
202312 20.282 129.419 20.651
202403 18.500 131.776 18.500

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


Chung Lien Co  (ROCO:5604) 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.

Chung Lien Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=41.30/26.92
=1.53

* 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 Chung Lien Co was 4.02. The lowest was 1.48. And the median was 2.17.


Be Aware

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


Chung Lien Co Cyclically Adjusted Book per Share Related Terms

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


Chung Lien Co (ROCO:5604) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 7, Gongyequ 1ST Road, Xitun District, Taichung, TWN, 407018
Chung Lien Co Ltd formerly Chung Lien Transportation Co Ltd provides door-to-door motor freight transportation service to customers in Taiwan. It provides truckload service, cross-docking, assembly, labeling, packaging, truckload, and warehousing services.

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