/term/cyclically-adjusted-book/ROCO:8085 Forward Electronics Co (ROCO:8085) Cyclically Adjusted Book
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Forward Electronics Co (ROCO:8085) Cyclically Adjusted Book per Share : NT$12.58 (As of Mar. 2024)


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What is Forward 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.

Forward Electronics Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$14.049. 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$12.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Forward Electronics Co's average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.10% 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 Forward Electronics Co was 3.10% per year. The lowest was 1.10% per year. And the median was 2.10% per year.

As of today (2024-06-20), Forward Electronics Co's current stock price is NT$88.80. Forward Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$12.58. Forward Electronics Co's Cyclically Adjusted PB Ratio of today is 7.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Forward Electronics Co was 6.76. The lowest was 0.31. And the median was 1.62.

Forward Electronics Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Forward 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.

Forward Electronics Co Cyclically Adjusted Book per Share Chart

Forward 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 11.39 11.23 11.40 11.77 12.29

Forward 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 11.95 12.15 12.31 12.29 12.58

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

For the Electronic Components subindustry, Forward 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.

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

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

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


Forward 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, Forward 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)
=14.049/131.7762*131.7762
=14.049

Current CPI (Mar. 2024) = 131.7762.

Forward Electronics Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.662 100.560 11.351
201409 8.684 100.428 11.395
201412 8.892 99.070 11.828
201503 8.660 99.621 11.455
201506 8.132 100.684 10.643
201509 7.968 100.392 10.459
201512 7.159 99.792 9.453
201603 6.661 100.470 8.737
201606 6.568 101.688 8.511
201609 8.292 101.861 10.727
201612 9.261 101.863 11.981
201703 12.015 102.862 15.392
201706 10.537 103.349 13.435
201709 10.380 104.136 13.135
201712 11.393 104.011 14.434
201803 12.040 105.290 15.069
201806 12.940 106.317 16.039
201809 15.054 106.507 18.626
201812 12.005 105.998 14.925
201903 12.102 107.251 14.869
201906 11.819 108.070 14.412
201909 10.982 108.329 13.359
201912 10.442 108.420 12.691
202003 9.812 108.902 11.873
202006 9.754 108.767 11.817
202009 9.554 109.815 11.465
202012 10.233 109.897 12.270
202103 10.256 111.754 12.093
202106 10.121 114.631 11.635
202109 10.487 115.734 11.941
202112 10.649 117.630 11.930
202203 11.224 121.301 12.193
202206 10.970 125.017 11.563
202209 11.520 125.227 12.123
202212 12.069 125.222 12.701
202303 11.782 127.348 12.192
202306 14.477 128.729 14.820
202309 13.269 129.860 13.465
202312 11.967 129.419 12.185
202403 14.049 131.776 14.049

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

Forward Electronics Co  (ROCO:8085) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=88.80/12.58
=7.06

* 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 Forward Electronics Co was 6.76. The lowest was 0.31. And the median was 1.62.

Be Aware

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

Forward Electronics Co Cyclically Adjusted Book per Share Related Terms

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

Forward Electronics Co (ROCO:8085) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Forward Electronics Co Ltd (ROCO:8085) » Definitions » Cyclically Adjusted Book per Share
Comparable Companies
ROCO:6742 ROCO:8049 ROCO:6101 TPE:6224 ROCO:4933 ROCO:5321 ROCO:3093 TPE:3038 ROCO:8042 ROCO:3455 APH TPE:2317 TEL SZSE:002475 TSE:6981 TPE:2308 GLW XKRX:006400 SZSE:000725 JBL
Traded in Other Exchanges
N/A
Address
No. 22, Section 3, Zhongshan North Road, Taipei, TWN
Website
https://www.fwd.com.tw
Forward Electronics Co Ltd is engaged in the manufacturing, development, and sales of LED packaging and lighting applications, backlight modules, digital TV modules, video boxes, variable resistors, switches, encoders, sensors, Bluetooth mice-headphones, remote controls, card readers, LCD display modules.

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