GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Firich Enterprises Co Ltd (ROCO:8076) » Definitions » Cyclically Adjusted Book per Share

Firich Enterprises Co (ROCO:8076) Cyclically Adjusted Book per Share : NT$16.55 (As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Firich Enterprises 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.

Firich Enterprises Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$15.160. 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$16.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Firich Enterprises Co's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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 Firich Enterprises Co was 6.70% per year. The lowest was 5.80% per year. And the median was 6.25% per year.

As of today (2024-06-20), Firich Enterprises Co's current stock price is NT$30.05. Firich Enterprises Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$16.55. Firich Enterprises Co's Cyclically Adjusted PB Ratio of today is 1.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Firich Enterprises Co was 2.90. The lowest was 1.43. And the median was 1.93.


Firich Enterprises Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Firich Enterprises 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.

Firich Enterprises Co Cyclically Adjusted Book per Share Chart

Firich Enterprises 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 13.19 13.36 14.49 15.64 16.25

Firich Enterprises 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 15.96 16.18 16.35 16.25 16.55

Competitive Comparison of Firich Enterprises Co's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Firich Enterprises 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.


Firich Enterprises Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Firich Enterprises 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, Firich Enterprises 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)
=15.16/131.7762*131.7762
=15.160

Current CPI (Mar. 2024) = 131.7762.

Firich Enterprises Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.826 100.560 15.497
201409 15.883 100.428 20.841
201412 15.642 99.070 20.806
201503 14.857 99.621 19.652
201506 14.708 100.684 19.250
201509 15.139 100.392 19.872
201512 16.601 99.792 21.922
201603 14.437 100.470 18.935
201606 14.025 101.688 18.175
201609 14.861 101.861 19.225
201612 14.435 101.863 18.674
201703 13.858 102.862 17.753
201706 13.303 103.349 16.962
201709 13.456 104.136 17.028
201712 13.428 104.011 17.013
201803 13.503 105.290 16.900
201806 13.472 106.317 16.698
201809 13.494 106.507 16.696
201812 13.707 105.998 17.040
201903 13.953 107.251 17.144
201906 13.658 108.070 16.654
201909 13.603 108.329 16.547
201912 13.174 108.420 16.012
202003 12.522 108.902 15.152
202006 12.105 108.767 14.666
202009 11.988 109.815 14.385
202012 12.500 109.897 14.989
202103 12.390 111.754 14.610
202106 12.209 114.631 14.035
202109 11.887 115.734 13.535
202112 12.297 117.630 13.776
202203 13.079 121.301 14.208
202206 13.188 125.017 13.901
202209 13.887 125.227 14.613
202212 14.045 125.222 14.780
202303 14.868 127.348 15.385
202306 14.461 128.729 14.803
202309 14.562 129.860 14.777
202312 13.681 129.419 13.930
202403 15.160 131.776 15.160

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


Firich Enterprises Co  (ROCO:8076) 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.

Firich Enterprises Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.05/16.55
=1.82

* 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 Firich Enterprises Co was 2.90. The lowest was 1.43. And the median was 1.93.


Be Aware

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


Firich Enterprises Co Cyclically Adjusted Book per Share Related Terms

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


Firich Enterprises Co (ROCO:8076) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Sec. 1 Hsin Tai Wu Road, Sec. 1, 10th Floor, No. 75, Sijhih District, New Taipei City, TWN, 221
Firich Enterprises Co Ltd operates in the assembly, manufacture, import, and export of business-oriented computers and their peripheral equipment. It is engaged in the POS systems business, generating solid and consistent growth. FEC provides a range of POS products, including all-in-one touch terminals, box PCs, monitors, and related peripherals. The group is divided into two reportable segments: Computers and their peripherals, which design, manufacture, and sell POS system hardware and software as well as related after-sales and maintenance services; and Other, which deals in the wholesale of alcoholic beverages. The majority of the revenue is generated from Computers and their peripherals segment.

Firich Enterprises Co (ROCO:8076) Headlines

No Headlines