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Info-Tek (ROCO:8183) Cyclically Adjusted Book per Share : NT$19.93 (As of Mar. 2024)


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What is Info-Tek 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.

Info-Tek's adjusted book value per share for the three months ended in Mar. 2024 was NT$28.223. 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$19.93 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Info-Tek's average Cyclically Adjusted Book Growth Rate was 9.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.70% 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 Info-Tek was 9.70% per year. The lowest was 7.50% per year. And the median was 8.60% per year.

As of today (2024-06-16), Info-Tek's current stock price is NT$43.65. Info-Tek's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$19.93. Info-Tek's Cyclically Adjusted PB Ratio of today is 2.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Info-Tek was 4.55. The lowest was 0.81. And the median was 2.76.


Info-Tek Cyclically Adjusted Book per Share Historical Data

The historical data trend for Info-Tek'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.

Info-Tek Cyclically Adjusted Book per Share Chart

Info-Tek 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 14.24 14.60 15.93 17.67 19.29

Info-Tek 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 18.23 18.65 19.07 19.29 19.93

Competitive Comparison of Info-Tek's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Info-Tek'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.


Info-Tek's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

* The bar in red indicates where Info-Tek's Cyclically Adjusted PB Ratio falls into.



Info-Tek 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, Info-Tek'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)
=28.223/131.7762*131.7762
=28.223

Current CPI (Mar. 2024) = 131.7762.

Info-Tek Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.382 100.560 16.226
201409 12.560 100.428 16.481
201412 12.729 99.070 16.931
201503 12.474 99.621 16.500
201506 11.936 100.684 15.622
201509 12.082 100.392 15.859
201512 11.755 99.792 15.523
201603 11.673 100.470 15.310
201606 11.681 101.688 15.137
201609 11.742 101.861 15.190
201612 12.688 101.863 16.414
201703 12.638 102.862 16.190
201706 12.886 103.349 16.430
201709 14.080 104.136 17.817
201712 14.581 104.011 18.473
201803 14.983 105.290 18.752
201806 15.569 106.317 19.297
201809 15.119 106.507 18.706
201812 15.326 105.998 19.053
201903 15.808 107.251 19.423
201906 15.583 108.070 19.001
201909 15.695 108.329 19.092
201912 16.105 108.420 19.574
202003 15.860 108.902 19.191
202006 15.757 108.767 19.090
202009 16.100 109.815 19.320
202012 17.591 109.897 21.093
202103 18.362 111.754 21.652
202106 19.004 114.631 21.846
202109 18.428 115.734 20.982
202112 20.692 117.630 23.181
202203 22.653 121.301 24.609
202206 22.134 125.017 23.331
202209 23.578 125.227 24.811
202212 24.741 125.222 26.036
202303 26.262 127.348 27.175
202306 24.563 128.729 25.145
202309 26.317 129.860 26.705
202312 27.455 129.419 27.955
202403 28.223 131.776 28.223

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


Info-Tek  (ROCO:8183) 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.

Info-Tek's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=43.65/19.93
=2.19

* 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 Info-Tek was 4.55. The lowest was 0.81. And the median was 2.76.


Be Aware

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


Info-Tek Cyclically Adjusted Book per Share Related Terms

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


Info-Tek (ROCO:8183) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Info-Tek Corp (ROCO:8183) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
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Address
No.12 Shijian Road, Fenghuang Village, Hukou Township, Hsinchu, TWN
Info-Tek Corp is a Taiwan-based company engaged in providing EMS (Electronic Manufacturing Service) and PTH (Pin Through Hole Insertion) with 36 SMT Lines, 16 DIP Lines, 16 Lines of Test and Final Assembly Manufacturing (Box Build) in terms of Full Turnkey Solution.

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