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Oceanic Beverages Co (TPE:1213) Cyclically Adjusted Book per Share : NT$12.07 (As of Mar. 2024)


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What is Oceanic Beverages 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.

Oceanic Beverages Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$3.579. 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$12.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Oceanic Beverages Co's average Cyclically Adjusted Book Growth Rate was -5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.20% 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 Oceanic Beverages Co was 1.10% per year. The lowest was -0.20% per year. And the median was 0.45% per year.

As of today (2024-06-14), Oceanic Beverages Co's current stock price is NT$7.15. Oceanic Beverages Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$12.07. Oceanic Beverages Co's Cyclically Adjusted PB Ratio of today is 0.59.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Oceanic Beverages Co was 0.97. The lowest was 0.41. And the median was 0.58.


Oceanic Beverages Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Oceanic Beverages 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.

Oceanic Beverages Co Cyclically Adjusted Book per Share Chart

Oceanic Beverages 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 12.30 12.21 12.64 12.71 12.14

Oceanic Beverages 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 12.71 12.61 12.46 12.14 12.07

Competitive Comparison of Oceanic Beverages Co's Cyclically Adjusted Book per Share

For the Beverages - Non-Alcoholic subindustry, Oceanic Beverages 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.


Oceanic Beverages Co's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Oceanic Beverages Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Oceanic Beverages 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, Oceanic Beverages 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)
=3.579/131.7762*131.7762
=3.579

Current CPI (Mar. 2024) = 131.7762.

Oceanic Beverages Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.555 100.560 15.142
201409 11.834 100.428 15.528
201412 11.696 99.070 15.557
201503 11.892 99.621 15.730
201506 11.896 100.684 15.570
201509 12.218 100.392 16.038
201512 11.988 99.792 15.830
201603 12.076 100.470 15.839
201606 11.093 101.688 14.375
201609 12.327 101.861 15.947
201612 12.257 101.863 15.856
201703 12.352 102.862 15.824
201706 12.253 103.349 15.623
201709 12.464 104.136 15.772
201712 12.292 104.011 15.573
201803 12.321 105.290 15.420
201806 12.328 106.317 15.280
201809 12.267 106.507 15.177
201812 10.711 105.998 13.316
201903 10.547 107.251 12.959
201906 10.305 108.070 12.566
201909 10.081 108.329 12.263
201912 9.950 108.420 12.093
202003 9.727 108.902 11.770
202006 9.885 108.767 11.976
202009 9.774 109.815 11.729
202012 9.469 109.897 11.354
202103 9.228 111.754 10.881
202106 8.817 114.631 10.136
202109 8.102 115.734 9.225
202112 7.801 117.630 8.739
202203 7.328 121.301 7.961
202206 7.017 125.017 7.396
202209 6.720 125.227 7.071
202212 6.462 125.222 6.800
202303 6.122 127.348 6.335
202306 5.406 128.729 5.534
202309 4.751 129.860 4.821
202312 4.013 129.419 4.086
202403 3.579 131.776 3.579

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


Oceanic Beverages Co  (TPE:1213) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.15/12.07
=0.59

* 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 Oceanic Beverages Co was 0.97. The lowest was 0.41. And the median was 0.58.


Be Aware

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


Oceanic Beverages Co Cyclically Adjusted Book per Share Related Terms

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


Oceanic Beverages Co (TPE:1213) Business Description

Traded in Other Exchanges
N/A
Address
99 Chongyang Road, 10th Floor, Section 3, Sanchong District, New Taipei, TWN
Oceanic Beverages Co Inc operates in the beverages industry. The company is engaged in the manufacturing of beverages like soda, tea, juice, lactic acid, and distilled water. The Group has two reportable divisions, the Beverages Sales Division, and the Shanghai Operations Division. The Beverages Sales Division is mainly engaged in the manufacture, wholesale and retail of various soft drinks and beverages.

Oceanic Beverages Co (TPE:1213) Headlines

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