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Koryo Electronics Co (ROCO:8032) Cyclically Adjusted Book per Share : NT$36.50 (As of Mar. 2024)


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What is Koryo Electronics 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.

Koryo Electronics Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$35.355. 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$36.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Koryo Electronics Co's average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.60% 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 Koryo Electronics Co was 7.60% per year. The lowest was 6.90% per year. And the median was 7.25% per year.

As of today (2024-06-16), Koryo Electronics Co's current stock price is NT$29.35. Koryo Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$36.50. Koryo Electronics Co's Cyclically Adjusted PB Ratio of today is 0.80.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Koryo Electronics Co was 1.05. The lowest was 0.74. And the median was 0.85.


Koryo Electronics Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Koryo Electronics 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.

Koryo Electronics Co Cyclically Adjusted Book per Share Chart

Koryo Electronics 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 28.09 28.77 31.70 34.34 35.84

Koryo Electronics 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 35.01 35.52 35.92 35.84 36.50

Competitive Comparison of Koryo Electronics Co's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Koryo Electronics 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.


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

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

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



Koryo Electronics 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, Koryo Electronics 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)
=35.355/131.7762*131.7762
=35.355

Current CPI (Mar. 2024) = 131.7762.

Koryo Electronics Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.290 100.560 33.141
201409 26.115 100.428 34.267
201412 27.221 99.070 36.208
201503 27.484 99.621 36.355
201506 25.601 100.684 33.507
201509 27.030 100.392 35.480
201512 27.286 99.792 36.031
201603 27.776 100.470 36.431
201606 26.935 101.688 34.905
201609 27.532 101.861 35.618
201612 27.923 101.863 36.123
201703 27.399 102.862 35.101
201706 26.757 103.349 34.117
201709 27.515 104.136 34.818
201712 28.187 104.011 35.711
201803 30.895 105.290 38.667
201806 29.927 106.317 37.094
201809 30.313 106.507 37.505
201812 31.267 105.998 38.871
201903 32.000 107.251 39.318
201906 30.392 108.070 37.059
201909 30.599 108.329 37.222
201912 31.017 108.420 37.699
202003 29.456 108.902 35.643
202006 29.767 108.767 36.064
202009 30.194 109.815 36.232
202012 31.298 109.897 37.529
202103 31.797 111.754 37.494
202106 34.619 114.631 39.797
202109 35.313 115.734 40.208
202112 35.954 117.630 40.278
202203 34.585 121.301 37.572
202206 32.822 125.017 34.597
202209 34.758 125.227 36.576
202212 35.146 125.222 36.986
202303 34.225 127.348 35.415
202306 36.145 128.729 37.001
202309 35.767 129.860 36.295
202312 35.224 129.419 35.865
202403 35.355 131.776 35.355

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


Koryo Electronics Co  (ROCO:8032) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.35/36.5
=0.80

* 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 Koryo Electronics Co was 1.05. The lowest was 0.74. And the median was 0.85.


Be Aware

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


Koryo Electronics Co Cyclically Adjusted Book per Share Related Terms

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


Koryo Electronics Co (ROCO:8032) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.79, Xintai 5th Road, Xintai 5th Road, 9th Floor, Section 1, Xizhi District, New Taipei City, TWN, 22101
Koryo Electronics Co Ltd is a Taiwan-based company that engages in the production and import/export of computers and computer peripherals. It is also involved in the manufacture and sale of electronic parts and components, electric appliances, and components.

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