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Tait Marketing & Distribution Co (ROCO:5902) Cyclically Adjusted Book per Share : NT$11.19 (As of Mar. 2025)


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What is Tait Marketing & Distribution 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.

Tait Marketing & Distribution Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$13.615. 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$11.19 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tait Marketing & Distribution Co's average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.50% 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 Tait Marketing & Distribution Co was 9.80% per year. The lowest was 8.30% per year. And the median was 8.70% per year.

As of today (2025-05-30), Tait Marketing & Distribution Co's current stock price is NT$47.20. Tait Marketing & Distribution Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$11.19. Tait Marketing & Distribution Co's Cyclically Adjusted PB Ratio of today is 4.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tait Marketing & Distribution Co was 4.35. The lowest was 1.11. And the median was 3.23.


Tait Marketing & Distribution Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tait Marketing & Distribution 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.

Tait Marketing & Distribution Co Cyclically Adjusted Book per Share Chart

Tait Marketing & Distribution Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.72 8.60 9.57 10.23 10.93

Tait Marketing & Distribution Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 10.53 10.68 10.82 10.93 11.19

Competitive Comparison of Tait Marketing & Distribution Co's Cyclically Adjusted Book per Share

For the Food Distribution subindustry, Tait Marketing & Distribution 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.


Tait Marketing & Distribution Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Tait Marketing & Distribution Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tait Marketing & Distribution Co's Cyclically Adjusted PB Ratio falls into.


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Tait Marketing & Distribution 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, Tait Marketing & Distribution Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=13.615/134.9266*134.9266
=13.615

Current CPI (Mar. 2025) = 134.9266.

Tait Marketing & Distribution Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.662 100.684 8.928
201509 6.809 100.392 9.151
201512 6.886 99.792 9.310
201603 6.891 100.470 9.254
201606 7.003 101.688 9.292
201609 7.180 101.861 9.511
201612 7.266 101.863 9.624
201703 7.280 102.862 9.549
201706 7.372 103.349 9.624
201709 7.520 104.136 9.744
201712 7.533 104.011 9.772
201803 7.552 105.290 9.678
201806 7.689 106.317 9.758
201809 7.773 106.507 9.847
201812 7.857 105.998 10.001
201903 7.912 107.251 9.954
201906 8.071 108.070 10.077
201909 8.238 108.329 10.261
201912 8.435 108.420 10.497
202003 8.688 108.902 10.764
202006 9.033 108.767 11.205
202009 9.364 109.815 11.505
202012 9.807 109.897 12.041
202103 10.150 111.754 12.255
202106 10.593 114.631 12.468
202109 11.000 115.734 12.824
202112 11.375 117.630 13.048
202203 11.926 121.301 13.266
202206 11.275 125.017 12.169
202209 11.765 125.227 12.676
202212 12.124 125.222 13.064
202303 12.652 127.348 13.405
202306 11.635 128.729 12.195
202309 12.100 129.860 12.572
202312 12.462 129.419 12.992
202403 12.999 131.776 13.310
202406 12.161 132.554 12.379
202409 12.736 133.029 12.918
202412 13.078 133.157 13.252
202503 13.615 134.927 13.615

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


Tait Marketing & Distribution Co  (ROCO:5902) 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.

Tait Marketing & Distribution Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=47.20/11.19
=4.22

* 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 Tait Marketing & Distribution Co was 4.35. The lowest was 1.11. And the median was 3.23.


Be Aware

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


Tait Marketing & Distribution Co Cyclically Adjusted Book per Share Related Terms

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


Tait Marketing & Distribution Co Business Description

Traded in Other Exchanges
N/A
Address
No. 301, Zhongzheng Road, Yongkang District, Taipei, Tainan, TWN, 710401
Tait Marketing & Distribution Co Ltd is engaged in the marketing, agency, and distribution of various foods, beverages, liquors, and supplies, bulk material trading, and manufacture and sale of tea beverage products. The company mainly generates revenue from Privately-owned brands and Agency brand segments in which it generates the majority of its revenue from the Agency brand segment. Geographically, it operates in Taiwan and Others.

Tait Marketing & Distribution Co Headlines

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