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Enermax Technology (ROCO:8093) Cyclically Adjusted Book per Share : NT$11.64 (As of Mar. 2024)


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What is Enermax Technology 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.

Enermax Technology's adjusted book value per share for the three months ended in Mar. 2024 was NT$5.685. 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$11.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Enermax Technology'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 -2.80% 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 Enermax Technology was -2.30% per year. The lowest was -2.80% per year. And the median was -2.55% per year.

As of today (2024-06-07), Enermax Technology's current stock price is NT$25.60. Enermax Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$11.64. Enermax Technology's Cyclically Adjusted PB Ratio of today is 2.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Enermax Technology was 2.06. The lowest was 0.36. And the median was 0.99.


Enermax Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for Enermax Technology'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.

Enermax Technology Cyclically Adjusted Book per Share Chart

Enermax Technology 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 13.21 12.77 12.54 12.32 11.73

Enermax Technology 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 12.29 12.19 12.04 11.73 11.64

Competitive Comparison of Enermax Technology's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Enermax Technology'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.


Enermax Technology's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Enermax Technology 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, Enermax Technology'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)
=5.685/131.7762*131.7762
=5.685

Current CPI (Mar. 2024) = 131.7762.

Enermax Technology Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.934 100.560 16.949
201409 12.409 100.428 16.282
201412 11.777 99.070 15.665
201503 11.320 99.621 14.974
201506 10.596 100.684 13.868
201509 11.106 100.392 14.578
201512 10.968 99.792 14.483
201603 11.199 100.470 14.689
201606 11.217 101.688 14.536
201609 11.236 101.861 14.536
201612 11.027 101.863 14.265
201703 10.482 102.862 13.428
201706 10.522 103.349 13.416
201709 10.931 104.136 13.832
201712 10.894 104.011 13.802
201803 11.384 105.290 14.248
201806 11.190 106.317 13.870
201809 10.740 106.507 13.288
201812 10.545 105.998 13.110
201903 10.130 107.251 12.446
201906 9.594 108.070 11.699
201909 8.858 108.329 10.775
201912 8.594 108.420 10.445
202003 8.314 108.902 10.060
202006 8.612 108.767 10.434
202009 8.700 109.815 10.440
202012 9.020 109.897 10.816
202103 8.819 111.754 10.399
202106 8.487 114.631 9.756
202109 7.799 115.734 8.880
202112 7.760 117.630 8.693
202203 7.648 121.301 8.308
202206 7.667 125.017 8.082
202209 7.966 125.227 8.383
202212 7.882 125.222 8.295
202303 7.624 127.348 7.889
202306 7.174 128.729 7.344
202309 6.686 129.860 6.785
202312 6.169 129.419 6.281
202403 5.685 131.776 5.685

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


Enermax Technology  (ROCO:8093) 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.

Enermax Technology's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=25.60/11.64
=2.20

* 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 Enermax Technology was 2.06. The lowest was 0.36. And the median was 0.99.


Be Aware

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


Enermax Technology Cyclically Adjusted Book per Share Related Terms

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


Enermax Technology (ROCO:8093) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2F-1, No. 888, Jingguo Road, Taoyuan District, Taoyuan, TWN, 330
Enermax Technology Corp manufactures PC components which include power supplies, PC cases, cooling fans, CPU coolers, and other peripherals in Taiwan.

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