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Softstar Entertainment (ROCO:6111) Cyclically Adjusted Book per Share : NT$10.32 (As of Mar. 2024)


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What is Softstar Entertainment 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.

Softstar Entertainment's adjusted book value per share for the three months ended in Mar. 2024 was NT$16.782. 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$10.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Softstar Entertainment's average Cyclically Adjusted Book Growth Rate was 21.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 27.50% 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 Softstar Entertainment was 27.50% per year. The lowest was 22.90% per year. And the median was 25.20% per year.

As of today (2024-06-17), Softstar Entertainment's current stock price is NT$72.20. Softstar Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$10.32. Softstar Entertainment's Cyclically Adjusted PB Ratio of today is 7.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Softstar Entertainment was 13.97. The lowest was 4.79. And the median was 8.09.


Softstar Entertainment Cyclically Adjusted Book per Share Historical Data

The historical data trend for Softstar Entertainment'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.

Softstar Entertainment Cyclically Adjusted Book per Share Chart

Softstar Entertainment 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 4.26 4.74 5.87 7.91 9.83

Softstar Entertainment 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 8.49 9.01 9.48 9.83 10.32

Competitive Comparison of Softstar Entertainment's Cyclically Adjusted Book per Share

For the Electronic Gaming & Multimedia subindustry, Softstar Entertainment'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.


Softstar Entertainment's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Softstar Entertainment's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Softstar Entertainment 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, Softstar Entertainment'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)
=16.782/131.7762*131.7762
=16.782

Current CPI (Mar. 2024) = 131.7762.

Softstar Entertainment Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.508 100.560 4.597
201409 3.469 100.428 4.552
201412 3.072 99.070 4.086
201503 3.393 99.621 4.488
201506 4.386 100.684 5.740
201509 5.485 100.392 7.200
201512 4.933 99.792 6.514
201603 5.709 100.470 7.488
201606 5.896 101.688 7.641
201609 5.924 101.861 7.664
201612 5.175 101.863 6.695
201703 5.505 102.862 7.052
201706 6.485 103.349 8.269
201709 5.595 104.136 7.080
201712 4.964 104.011 6.289
201803 5.653 105.290 7.075
201806 5.350 106.317 6.631
201809 5.009 106.507 6.197
201812 4.916 105.998 6.112
201903 5.426 107.251 6.667
201906 10.143 108.070 12.368
201909 9.230 108.329 11.228
201912 7.887 108.420 9.586
202003 8.250 108.902 9.983
202006 8.333 108.767 10.096
202009 8.176 109.815 9.811
202012 8.557 109.897 10.261
202103 8.347 111.754 9.842
202106 8.365 114.631 9.616
202109 8.284 115.734 9.432
202112 16.312 117.630 18.274
202203 18.036 121.301 19.594
202206 16.288 125.017 17.169
202209 16.102 125.227 16.944
202212 20.712 125.222 21.796
202303 19.559 127.348 20.239
202306 17.965 128.729 18.390
202309 16.553 129.860 16.797
202312 16.250 129.419 16.546
202403 16.782 131.776 16.782

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


Softstar Entertainment  (ROCO:6111) 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.

Softstar Entertainment's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=72.20/10.32
=7.00

* 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 Softstar Entertainment was 13.97. The lowest was 4.79. And the median was 8.09.


Be Aware

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


Softstar Entertainment Cyclically Adjusted Book per Share Related Terms

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


Softstar Entertainment (ROCO:6111) Business Description

Traded in Other Exchanges
N/A
Address
Sec. 2, Dunhua S. Road, 22F.-1, No. 77, Da’an District, Taipei, TWN, 106
Softstar Entertainment Inc is engaged in the development and distribution of computer game software. Its products include stand-alone game software, online game software, Web game software, mobile game software, and computer software peripheral products. The Group is organized into business units based on its products and services and has four reportable operating segments as follows: Operating Department, Research and Development Department, Electronic Products Department, and Beauty Products Department. The majority of revenue comes from Research and development and licensing segment.

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