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Princeton Technology (ROCO:6129) Cyclically Adjusted Book per Share : NT$12.97 (As of Mar. 2024)


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What is Princeton Technology 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.

Princeton Technology's adjusted book value per share for the three months ended in Mar. 2024 was NT$11.298. 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$12.97 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Princeton Technology'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 1.20% 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 Princeton Technology was 1.20% per year. The lowest was 1.20% per year. And the median was 1.20% per year.

As of today (2024-05-26), Princeton Technology's current stock price is NT$24.30. Princeton Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$12.97. Princeton Technology's Cyclically Adjusted PB Ratio of today is 1.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Princeton Technology was 4.32. The lowest was 0.41. And the median was 2.33.


Princeton Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for Princeton Technology'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.

Princeton Technology Cyclically Adjusted Book per Share Chart

Princeton Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 12.25 12.05 12.35 12.68

Princeton Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 12.68 12.81 12.85 12.88 12.97

Competitive Comparison of Princeton Technology's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Princeton Technology'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.


Princeton Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Princeton Technology 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, Princeton Technology'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)
=11.298/131.7762*131.7762
=11.298

Current CPI (Mar. 2024) = 131.7762.

Princeton Technology Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.417 99.695 15.091
201406 11.623 100.560 15.231
201409 11.694 100.428 15.344
201412 11.903 99.070 15.833
201503 11.591 99.621 15.332
201506 11.102 100.684 14.530
201509 11.241 100.392 14.755
201512 11.137 99.792 14.706
201603 11.091 100.470 14.547
201606 11.175 101.688 14.482
201609 11.018 101.861 14.254
201612 11.132 101.863 14.401
201703 10.807 102.862 13.845
201706 10.773 103.349 13.736
201709 10.694 104.136 13.532
201712 10.668 104.011 13.516
201803 10.375 105.290 12.985
201806 10.624 106.317 13.168
201809 10.464 106.507 12.947
201812 10.288 105.998 12.790
201903 10.335 107.251 12.698
201906 10.242 108.070 12.489
201909 10.228 108.329 12.442
201912 10.053 108.420 12.219
202003 9.681 108.902 11.714
202006 9.556 108.767 11.577
202009 9.424 109.815 11.309
202012 9.475 109.897 11.361
202103 9.589 111.754 11.307
202106 9.711 114.631 11.163
202109 9.877 115.734 11.246
202112 10.138 117.630 11.357
202203 10.490 121.301 11.396
202206 10.717 125.017 11.296
202209 11.157 125.227 11.741
202212 11.391 125.222 11.987
202303 11.701 127.348 12.108
202306 11.212 128.729 11.477
202309 11.458 129.860 11.627
202403 11.298 131.776 11.298

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


Princeton Technology  (ROCO:6129) 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.

Princeton Technology's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.30/12.97
=1.87

* 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 Princeton Technology was 4.32. The lowest was 0.41. And the median was 2.33.


Be Aware

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


Princeton Technology Cyclically Adjusted Book per Share Related Terms

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


Princeton Technology (ROCO:6129) Business Description

Traded in Other Exchanges
N/A
Address
No. 233-1, Baociao Road, 2nd Floor, Sindian District, New Taipei City, TWN, 23145
Princeton Technology Corp is engaged in the development, design, testing and sales of consumer integrated circuits (ICs). Its products include Display Driver ICs, Multimedia Audio Controller ICs, Motor Driver ICs, RF ICs, Encoder/Decoder ICs, Remote Control ICs, and ASICs and are suitable for a wide range of applications, including automotive dashboard and multimedia devices, portable audio players, digital TVs, home audio/video appliances, DSCs, DSLRs, monitoring cameras, and car security systems. Geographically, the activities are carried out in Taiwan, Japan, Korea, Mainland China(including HK) and others.

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