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TCI Co (ROCO:8436) Cyclically Adjusted Book per Share : NT$58.93 (As of Mar. 2025)


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What is TCI 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.

TCI Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$63.903. 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$58.93 for the trailing ten years ended in Mar. 2025.

During the past 12 months, TCI Co's average Cyclically Adjusted Book Growth Rate was 11.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.80% 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 TCI Co was 15.80% per year. The lowest was 15.80% per year. And the median was 15.80% per year.

As of today (2025-05-31), TCI Co's current stock price is NT$127.00. TCI Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$58.93. TCI Co's Cyclically Adjusted PB Ratio of today is 2.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TCI Co was 10.00. The lowest was 2.00. And the median was 3.61.


TCI Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for TCI 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.

TCI Co Cyclically Adjusted Book per Share Chart

TCI Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 36.82 43.36 50.42 57.14

TCI Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 52.73 54.28 55.81 57.14 58.93

Competitive Comparison of TCI Co's Cyclically Adjusted Book per Share

For the Household & Personal Products subindustry, TCI 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.


TCI Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, TCI Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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TCI 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, TCI Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=63.903/134.9266*134.9266
=63.903

Current CPI (Mar. 2025) = 134.9266.

TCI Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 16.745 100.684 22.440
201509 17.649 100.392 23.720
201512 21.551 99.792 29.139
201603 21.895 100.470 29.404
201606 21.675 101.688 28.760
201609 22.789 101.861 30.187
201612 24.089 101.863 31.908
201703 25.283 102.862 33.164
201706 25.305 103.349 33.037
201709 27.575 104.136 35.728
201712 29.468 104.011 38.227
201803 31.843 105.290 40.806
201806 32.837 106.317 41.673
201809 42.510 106.507 53.853
201812 48.729 105.998 62.028
201903 55.083 107.251 69.297
201906 54.049 108.070 67.481
201909 56.545 108.329 70.428
201912 59.633 108.420 74.212
202003 59.926 108.902 74.247
202006 53.792 108.767 66.729
202009 59.260 109.815 72.811
202012 63.991 109.897 78.565
202103 66.983 111.754 80.872
202106 70.872 114.631 83.420
202109 66.596 115.734 77.640
202112 68.951 117.630 79.090
202203 62.916 121.301 69.983
202206 63.416 125.017 68.443
202209 66.724 125.227 71.892
202212 68.875 125.222 74.213
202303 70.216 127.348 74.395
202306 66.473 128.729 69.673
202309 70.204 129.860 72.943
202312 71.382 129.419 74.420
202403 73.092 131.776 74.839
202406 66.291 132.554 67.478
202409 71.031 133.029 72.044
202412 73.137 133.157 74.109
202503 63.903 134.927 63.903

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


TCI Co  (ROCO:8436) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=127.00/58.93
=2.16

* 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 TCI Co was 10.00. The lowest was 2.00. And the median was 3.61.


Be Aware

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


TCI Co Cyclically Adjusted Book per Share Related Terms

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


TCI Co Business Description

Traded in Other Exchanges
N/A
Address
No.187, Kang Chien Road, 8th Floor, Nei Hu District, Taipei, TWN, 11494
TCI Co Ltd is a Taiwan-based company principally engaged in the research, development, manufacturing, wholesale, and retail of health foods and cosmetics. Its products include tablets and capsules of dietary supplements, functional drinks, facial masks, cosmetic serums, and others. The company's Geographical segments include Europe and America region and the Asia Pacific region. The majority of the revenue comes from the Asia Pacific region.

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