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V-Tac Technology Co (ROCO:6229) Cyclically Adjusted Book per Share : NT$17.39 (As of Mar. 2024)


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What is V-Tac Technology 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.

V-Tac Technology Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$18.501. 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$17.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, V-Tac Technology Co's average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% 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 V-Tac Technology Co was 7.00% per year. The lowest was 5.90% per year. And the median was 6.45% per year.

As of today (2024-06-23), V-Tac Technology Co's current stock price is NT$42.15. V-Tac Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$17.39. V-Tac Technology Co's Cyclically Adjusted PB Ratio of today is 2.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of V-Tac Technology Co was 3.46. The lowest was 0.71. And the median was 1.75.


V-Tac Technology Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for V-Tac Technology 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.

V-Tac Technology Co Cyclically Adjusted Book per Share Chart

V-Tac Technology 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 13.82 13.91 15.11 16.43 17.06

V-Tac Technology 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 16.76 16.94 17.10 17.06 17.39

Competitive Comparison of V-Tac Technology Co's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, V-Tac Technology 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.


V-Tac Technology Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

* The bar in red indicates where V-Tac Technology Co's Cyclically Adjusted PB Ratio falls into.



V-Tac Technology 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, V-Tac Technology 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)
=18.501/131.7762*131.7762
=18.501

Current CPI (Mar. 2024) = 131.7762.

V-Tac Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.375 100.560 16.217
201409 12.751 100.428 16.731
201412 13.356 99.070 17.765
201503 13.197 99.621 17.457
201506 12.339 100.684 16.149
201509 12.942 100.392 16.988
201512 12.894 99.792 17.027
201603 12.763 100.470 16.740
201606 12.903 101.688 16.721
201609 13.071 101.861 16.910
201612 13.293 101.863 17.197
201703 12.746 102.862 16.329
201706 12.303 103.349 15.687
201709 12.815 104.136 16.216
201712 12.793 104.011 16.208
201803 13.471 105.290 16.860
201806 13.909 106.317 17.240
201809 13.679 106.507 16.924
201812 13.877 105.998 17.252
201903 13.803 107.251 16.959
201906 12.841 108.070 15.658
201909 13.323 108.329 16.207
201912 12.999 108.420 15.799
202003 12.835 108.902 15.531
202006 12.712 108.767 15.401
202009 13.672 109.815 16.406
202012 13.641 109.897 16.357
202103 14.632 111.754 17.253
202106 15.950 114.631 18.336
202109 18.683 115.734 21.273
202112 19.710 117.630 22.080
202203 20.662 121.301 22.446
202206 17.946 125.017 18.916
202209 18.438 125.227 19.402
202212 18.423 125.222 19.387
202303 18.114 127.348 18.744
202306 16.386 128.729 16.774
202309 17.140 129.860 17.393
202312 17.936 129.419 18.263
202403 18.501 131.776 18.501

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


V-Tac Technology Co  (ROCO:6229) 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.

V-Tac Technology Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=42.15/17.39
=2.42

* 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 V-Tac Technology Co was 3.46. The lowest was 0.71. And the median was 1.75.


Be Aware

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


V-Tac Technology Co Cyclically Adjusted Book per Share Related Terms

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


V-Tac Technology Co (ROCO:6229) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Kangning Street, 3rd Floor No 29-1 Lane 169, Xizhi District, New Taipei City, TWN
V-Tac Technology Co Ltd is an IC application design house and IC sales agent in Taiwan. Its products include image and video IC application products, voice control IC application products, microprocessor and memory IC application products.

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