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Tayho Advanced Materials Group Co (SZSE:002254) Cyclically Adjusted Book per Share : ¥4.73 (As of Mar. 2024)


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What is Tayho Advanced Materials Group 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.

Tayho Advanced Materials Group Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥8.361. 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 ¥4.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tayho Advanced Materials Group Co's average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.10% 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 Tayho Advanced Materials Group Co was 9.10% per year. The lowest was 4.30% per year. And the median was 5.50% per year.

As of today (2024-05-17), Tayho Advanced Materials Group Co's current stock price is ¥11.36. Tayho Advanced Materials Group Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥4.73. Tayho Advanced Materials Group Co's Cyclically Adjusted PB Ratio of today is 2.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tayho Advanced Materials Group Co was 6.57. The lowest was 2.20. And the median was 4.18.


Tayho Advanced Materials Group Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tayho Advanced Materials Group 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.

Tayho Advanced Materials Group Co Cyclically Adjusted Book per Share Chart

Tayho Advanced Materials Group 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 3.43 3.54 3.79 4.12 4.60

Tayho Advanced Materials Group 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 4.25 4.35 4.50 4.60 4.73

Competitive Comparison of Tayho Advanced Materials Group Co's Cyclically Adjusted Book per Share

For the Chemicals subindustry, Tayho Advanced Materials Group 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.


Tayho Advanced Materials Group Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tayho Advanced Materials Group Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tayho Advanced Materials Group Co's Cyclically Adjusted PB Ratio falls into.



Tayho Advanced Materials Group 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, Tayho Advanced Materials Group 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)
=8.361/115.2271*115.2271
=8.361

Current CPI (Mar. 2024) = 115.2271.

Tayho Advanced Materials Group Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.964 98.200 3.478
201409 3.023 98.900 3.522
201412 3.065 99.000 3.567
201503 3.101 99.900 3.577
201506 3.156 99.500 3.655
201509 3.148 100.500 3.609
201512 3.170 100.600 3.631
201603 3.202 102.200 3.610
201606 3.226 101.400 3.666
201609 3.251 102.400 3.658
201612 3.267 102.600 3.669
201703 3.313 103.200 3.699
201706 3.368 103.100 3.764
201709 3.280 104.100 3.631
201712 3.324 104.500 3.665
201803 3.380 105.300 3.699
201806 3.438 104.900 3.776
201809 3.506 106.600 3.790
201812 3.533 106.500 3.823
201903 3.597 107.700 3.848
201906 3.637 107.700 3.891
201909 3.731 109.800 3.915
201912 4.095 111.200 4.243
202003 3.925 112.300 4.027
202006 4.041 110.400 4.218
202009 4.430 111.700 4.570
202012 5.061 111.500 5.230
202103 5.320 112.662 5.441
202106 4.997 111.769 5.152
202109 5.436 112.215 5.582
202112 5.789 113.108 5.897
202203 6.002 114.335 6.049
202206 5.712 114.558 5.745
202209 5.579 115.339 5.574
202212 5.771 115.116 5.777
202303 8.342 115.116 8.350
202306 8.065 114.558 8.112
202309 8.150 115.339 8.142
202312 8.393 114.781 8.426
202403 8.361 115.227 8.361

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


Tayho Advanced Materials Group Co  (SZSE:002254) 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.

Tayho Advanced Materials Group Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.36/4.73
=2.40

* 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 Tayho Advanced Materials Group Co was 6.57. The lowest was 2.20. And the median was 4.18.


Be Aware

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


Tayho Advanced Materials Group Co Cyclically Adjusted Book per Share Related Terms

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


Tayho Advanced Materials Group Co (SZSE:002254) Business Description

Traded in Other Exchanges
N/A
Address
No. 10 Heilongjiang Road, Economic and Technology Development Zone, Yantai, Shandong, CHN, 264006
Tayho Advanced Materials Group Co Ltd specializes in the research and development and production of high-tech fibers in China. The company's products include Newstar Spandex, Taparan Para-aramid, Metastar Aramid Paper, and others.

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