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Lanner Electronics (ROCO:6245) Cyclically Adjusted Book per Share : NT$29.69 (As of Mar. 2024)


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What is Lanner Electronics 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.

Lanner Electronics's adjusted book value per share for the three months ended in Mar. 2024 was NT$40.882. 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$29.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lanner Electronics's average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.20% 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 Lanner Electronics was 13.20% per year. The lowest was 11.80% per year. And the median was 12.50% per year.

As of today (2024-06-20), Lanner Electronics's current stock price is NT$97.90. Lanner Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$29.69. Lanner Electronics's Cyclically Adjusted PB Ratio of today is 3.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lanner Electronics was 4.72. The lowest was 1.97. And the median was 3.10.


Lanner Electronics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lanner Electronics'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.

Lanner Electronics Cyclically Adjusted Book per Share Chart

Lanner Electronics 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 18.56 19.76 22.77 25.93 28.69

Lanner Electronics 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 26.86 27.59 28.31 28.69 29.69

Competitive Comparison of Lanner Electronics's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Lanner Electronics'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.


Lanner Electronics's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Lanner Electronics 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, Lanner Electronics'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)
=40.882/131.7762*131.7762
=40.882

Current CPI (Mar. 2024) = 131.7762.

Lanner Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.112 100.560 21.114
201409 16.528 100.428 21.687
201412 17.958 99.070 23.887
201503 18.435 99.621 24.385
201506 18.204 100.684 23.826
201509 19.042 100.392 24.995
201512 19.773 99.792 26.110
201603 20.414 100.470 26.775
201606 19.341 101.688 25.064
201609 20.929 101.861 27.076
201612 21.685 101.863 28.053
201703 21.788 102.862 27.912
201706 19.786 103.349 25.228
201709 20.758 104.136 26.268
201712 21.845 104.011 27.676
201803 22.336 105.290 27.955
201806 21.476 106.317 26.619
201809 22.242 106.507 27.519
201812 23.550 105.998 29.277
201903 24.523 107.251 30.131
201906 25.485 108.070 31.076
201909 24.446 108.329 29.737
201912 25.413 108.420 30.888
202003 25.890 108.902 31.328
202006 24.545 108.767 29.737
202009 26.143 109.815 31.371
202012 27.445 109.897 32.909
202103 28.443 111.754 33.539
202106 25.566 114.631 29.390
202109 26.494 115.734 30.166
202112 28.411 117.630 31.828
202203 30.081 121.301 32.679
202206 28.859 125.017 30.419
202209 31.903 125.227 33.572
202212 34.222 125.222 36.013
202303 36.364 127.348 37.629
202306 34.845 128.729 35.670
202309 36.967 129.860 37.513
202312 39.138 129.419 39.851
202403 40.882 131.776 40.882

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


Lanner Electronics  (ROCO:6245) 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.

Lanner Electronics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=97.90/29.69
=3.30

* 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 Lanner Electronics was 4.72. The lowest was 1.97. And the median was 3.10.


Be Aware

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


Lanner Electronics Cyclically Adjusted Book per Share Related Terms

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


Lanner Electronics (ROCO:6245) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 173, Datong Road, 7th Floor, Section 2, XiZhi District, New Taipei, TWN, 22184
Lanner Electronics Inc is a Taiwan-based company that engages in the provision of engineering and manufacturing services for network appliances and rugged applied computing platforms for system integrators, service providers, and application developers. Its products include telecommunication data center appliances, industrial communication platforms, embedded boxes, vehicle computers, and embedded boards. Geographically, it derives a majority of its revenue from the United States.

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