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Hsin Tai Gas (ROCO:8917) Cyclically Adjusted Book per Share : NT$16.03 (As of Mar. 2025)


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What is Hsin Tai Gas 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.

Hsin Tai Gas's adjusted book value per share for the three months ended in Mar. 2025 was NT$17.249. 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$16.03 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Hsin Tai Gas's average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 Hsin Tai Gas was 7.20% per year. The lowest was 5.70% per year. And the median was 6.40% per year.

As of today (2025-06-01), Hsin Tai Gas's current stock price is NT$61.40. Hsin Tai Gas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$16.03. Hsin Tai Gas's Cyclically Adjusted PB Ratio of today is 3.83.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hsin Tai Gas was 6.38. The lowest was 3.14. And the median was 4.50.


Hsin Tai Gas Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hsin Tai Gas'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.

Hsin Tai Gas Cyclically Adjusted Book per Share Chart

Hsin Tai Gas 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 12.26 13.35 14.39 15.11 15.77

Hsin Tai Gas 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 15.45 15.59 15.70 15.77 16.03

Competitive Comparison of Hsin Tai Gas's Cyclically Adjusted Book per Share

For the Utilities - Regulated Gas subindustry, Hsin Tai Gas'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.


Hsin Tai Gas's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hsin Tai Gas's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hsin Tai Gas's Cyclically Adjusted PB Ratio falls into.


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Hsin Tai Gas 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, Hsin Tai Gas'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)
=17.249/134.9266*134.9266
=17.249

Current CPI (Mar. 2025) = 134.9266.

Hsin Tai Gas Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.642 100.684 14.261
201509 10.877 100.392 14.619
201512 11.022 99.792 14.903
201603 11.280 100.470 15.148
201606 10.893 101.688 14.454
201609 11.148 101.861 14.767
201612 11.301 101.863 14.969
201703 11.618 102.862 15.240
201706 11.143 103.349 14.548
201709 11.492 104.136 14.890
201712 11.672 104.011 15.141
201803 12.062 105.290 15.457
201806 11.447 106.317 14.527
201809 11.807 106.507 14.958
201812 12.052 105.998 15.341
201903 12.330 107.251 15.512
201906 11.439 108.070 14.282
201909 11.834 108.329 14.740
201912 12.716 108.420 15.825
202003 13.207 108.902 16.363
202006 13.113 108.767 16.267
202009 13.664 109.815 16.789
202012 14.035 109.897 17.232
202103 14.610 111.754 17.639
202106 15.186 114.631 17.875
202109 14.526 115.734 16.935
202112 14.842 117.630 17.024
202203 15.638 121.301 17.395
202206 15.235 125.017 16.443
202209 15.786 125.227 17.009
202212 16.255 125.222 17.515
202303 16.978 127.348 17.988
202306 15.704 128.729 16.460
202309 16.262 129.860 16.897
202312 16.647 129.419 17.355
202403 17.268 131.776 17.681
202406 15.799 132.554 16.082
202409 16.323 133.029 16.556
202412 16.746 133.157 16.969
202503 17.249 134.927 17.249

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


Hsin Tai Gas  (ROCO:8917) 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.

Hsin Tai Gas's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=61.40/16.03
=3.83

* 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 Hsin Tai Gas was 6.38. The lowest was 3.14. And the median was 4.50.


Be Aware

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


Hsin Tai Gas Cyclically Adjusted Book per Share Related Terms

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


Hsin Tai Gas Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 221, Section 2, Zhonghua Road, Tucheng District, New Taipei City, TWN
Hsin Tai Gas Corp is engaged in natural gas supply, natural gas transmission system construction, sale and installation of gas meters, and office building rental business. The company provides natural gas mainly to families, government organizations, and other areas. It operates its business mainly in New Taipei City.

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