/term/cyclically-adjusted-book/ROCO:6266 Top Union Electronics (ROCO:6266) Cyclically Adjusted Book
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Top Union Electronics (ROCO:6266) Cyclically Adjusted Book per Share : NT$13.96 (As of Mar. 2024)


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What is Top Union 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.

Top Union Electronics's adjusted book value per share for the three months ended in Mar. 2024 was NT$15.132. 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$13.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Top Union Electronics's average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 Top Union Electronics was 6.10% per year. The lowest was 6.10% per year. And the median was 6.10% per year.

As of today (2024-06-20), Top Union Electronics's current stock price is NT$32.55. Top Union Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$13.96. Top Union Electronics's Cyclically Adjusted PB Ratio of today is 2.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Top Union Electronics was 2.86. The lowest was 1.08. And the median was 1.43.


Top Union Electronics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Top Union 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.

Top Union Electronics Cyclically Adjusted Book per Share Chart

Top Union Electronics 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 - 10.84 11.07 11.97 12.96

Top Union Electronics 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 12.96 13.25 13.48 13.69 13.96

Competitive Comparison of Top Union Electronics's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Top Union 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.


Top Union Electronics's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Top Union 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, Top Union 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)
=15.132/131.7762*131.7762
=15.132

Current CPI (Mar. 2024) = 131.7762.

Top Union Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.576 99.695 12.658
201406 9.478 100.560 12.420
201409 9.697 100.428 12.724
201412 10.038 99.070 13.352
201503 10.253 99.621 13.562
201506 10.185 100.684 13.330
201509 10.484 100.392 13.762
201512 10.823 99.792 14.292
201603 10.962 100.470 14.378
201606 10.438 101.688 13.526
201609 10.283 101.861 13.303
201612 10.518 101.863 13.607
201703 10.338 102.862 13.244
201706 10.209 103.349 13.017
201709 10.588 104.136 13.398
201712 10.908 104.011 13.820
201803 11.147 105.290 13.951
201806 10.809 106.317 13.397
201809 11.369 106.507 14.066
201812 11.916 105.998 14.814
201903 12.417 107.251 15.256
201906 12.089 108.070 14.741
201909 11.466 108.329 13.948
201912 11.968 108.420 14.546
202003 11.106 108.902 13.439
202006 11.334 108.767 13.732
202009 11.691 109.815 14.029
202012 12.006 109.897 14.396
202103 11.478 111.754 13.534
202106 11.699 114.631 13.449
202109 11.997 115.734 13.660
202112 12.396 117.630 13.887
202203 12.486 121.301 13.564
202206 13.088 125.017 13.796
202209 13.883 125.227 14.609
202212 14.869 125.222 15.647
202303 14.507 127.348 15.011
202306 15.025 128.729 15.381
202309 15.699 129.860 15.931
202403 15.132 131.776 15.132

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


Top Union Electronics  (ROCO:6266) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.55/13.96
=2.33

* 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 Top Union Electronics was 2.86. The lowest was 1.08. And the median was 1.43.


Be Aware

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


Top Union Electronics Cyclically Adjusted Book per Share Related Terms

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


Top Union Electronics (ROCO:6266) Business Description

Traded in Other Exchanges
N/A
Address
No. 480, Niupu East Road, Hsinchu, TWN
Top Union Electronics Corp is principally engaged in the design, manufacture, and technical support of electronic products and communication equipment, as well as providing surface mount technology (SMT) services, processing, and international trade business.

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