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Leatec Fine Ceramics Co (ROCO:6127) Cyclically Adjusted Book per Share : NT$14.26 (As of Mar. 2025)


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What is Leatec Fine Ceramics 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.

Leatec Fine Ceramics Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$11.097. 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$14.26 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Leatec Fine Ceramics Co's average Cyclically Adjusted Book Growth Rate was -2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.20% 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 Leatec Fine Ceramics Co was 0.90% per year. The lowest was -0.20% per year. And the median was 0.50% per year.

As of today (2025-05-31), Leatec Fine Ceramics Co's current stock price is NT$19.15. Leatec Fine Ceramics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$14.26. Leatec Fine Ceramics Co's Cyclically Adjusted PB Ratio of today is 1.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Leatec Fine Ceramics Co was 2.45. The lowest was 0.74. And the median was 1.59.


Leatec Fine Ceramics Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Leatec Fine Ceramics 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.

Leatec Fine Ceramics Co Cyclically Adjusted Book per Share Chart

Leatec Fine Ceramics 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 14.09 14.33 14.57 14.48 14.25

Leatec Fine Ceramics 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 14.60 14.54 14.43 14.25 14.26

Competitive Comparison of Leatec Fine Ceramics Co's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Leatec Fine Ceramics 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.


Leatec Fine Ceramics Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Leatec Fine Ceramics Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Leatec Fine Ceramics Co's Cyclically Adjusted PB Ratio falls into.


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Leatec Fine Ceramics 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, Leatec Fine Ceramics 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)
=11.097/134.9266*134.9266
=11.097

Current CPI (Mar. 2025) = 134.9266.

Leatec Fine Ceramics Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.499 100.684 18.090
201509 13.831 100.392 18.589
201512 13.667 99.792 18.479
201603 13.401 100.470 17.997
201606 13.193 101.688 17.505
201609 13.000 101.861 17.220
201612 13.064 101.863 17.304
201703 12.360 102.862 16.213
201706 12.564 103.349 16.403
201709 12.908 104.136 16.725
201712 12.965 104.011 16.819
201803 13.934 105.290 17.856
201806 13.822 106.317 17.541
201809 13.499 106.507 17.101
201812 13.419 105.998 17.081
201903 13.083 107.251 16.459
201906 12.467 108.070 15.565
201909 11.681 108.329 14.549
201912 11.054 108.420 13.756
202003 10.726 108.902 13.289
202006 10.461 108.767 12.977
202009 10.227 109.815 12.566
202012 10.251 109.897 12.586
202103 10.275 111.754 12.406
202106 10.369 114.631 12.205
202109 10.514 115.734 12.258
202112 10.628 117.630 12.191
202203 11.162 121.301 12.416
202206 10.808 125.017 11.665
202209 10.944 125.227 11.792
202212 10.519 125.222 11.334
202303 10.099 127.348 10.700
202306 11.098 128.729 11.632
202309 12.721 129.860 13.217
202312 10.935 129.419 11.400
202403 11.134 131.776 11.400
202406 10.577 132.554 10.766
202409 10.499 133.029 10.649
202412 10.492 133.157 10.631
202503 11.097 134.927 11.097

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


Leatec Fine Ceramics Co  (ROCO:6127) 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.

Leatec Fine Ceramics Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.15/14.26
=1.34

* 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 Leatec Fine Ceramics Co was 2.45. The lowest was 0.74. And the median was 1.59.


Be Aware

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


Leatec Fine Ceramics Co Cyclically Adjusted Book per Share Related Terms

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


Leatec Fine Ceramics Co Business Description

Traded in Other Exchanges
N/A
Address
No. 160, Sec. 1, Ping-Tung Road, Ping-Jen, Jian'an Vil., Pingzhen Dist., Tao-Yuan Hsien, TWN
Leatec Fine Ceramics Co Ltd is a manufacturer of chip alumina fine ceramic substrates in Taiwan. Its products include alumina substrates, LED substrates, aluminum nitride substrates, laser processing ceramics, junction boxes, PV connectors, and cables.

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