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Uni-President Enterprises (TPE:1216) Cyclically Adjusted Book per Share : NT$22.91 (As of Sep. 2024)


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What is Uni-President Enterprises 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.

Uni-President Enterprises's adjusted book value per share for the three months ended in Sep. 2024 was NT$22.853. 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$22.91 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Uni-President Enterprises's average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.70% 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 Uni-President Enterprises was 7.70% per year. The lowest was 7.10% per year. And the median was 7.40% per year.

As of today (2024-12-11), Uni-President Enterprises's current stock price is NT$85.00. Uni-President Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was NT$22.91. Uni-President Enterprises's Cyclically Adjusted PB Ratio of today is 3.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Uni-President Enterprises was 5.01. The lowest was 3.04. And the median was 3.60.


Uni-President Enterprises Cyclically Adjusted Book per Share Historical Data

The historical data trend for Uni-President Enterprises'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.

Uni-President Enterprises Cyclically Adjusted Book per Share Chart

Uni-President Enterprises 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 17.20 17.70 19.48 21.15 22.12

Uni-President Enterprises Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 22.14 22.12 22.58 22.77 22.91

Competitive Comparison of Uni-President Enterprises's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Uni-President Enterprises'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.


Uni-President Enterprises's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Uni-President Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Uni-President Enterprises's Cyclically Adjusted PB Ratio falls into.



Uni-President Enterprises 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, Uni-President Enterprises's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=22.853/133.0289*133.0289
=22.853

Current CPI (Sep. 2024) = 133.0289.

Uni-President Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201412 16.193 99.070 21.744
201503 16.848 99.621 22.498
201506 16.023 100.684 21.170
201509 17.071 100.392 22.621
201512 16.955 99.792 22.602
201603 17.645 100.470 23.363
201606 16.139 101.688 21.113
201609 16.528 101.861 21.585
201612 16.615 101.863 21.699
201703 16.842 102.862 21.781
201706 15.752 103.349 20.276
201709 16.872 104.136 21.553
201712 21.132 104.011 27.028
201803 21.930 105.290 27.708
201806 17.634 106.317 22.065
201809 18.221 106.507 22.758
201812 18.718 105.998 23.491
201903 19.970 107.251 24.770
201906 18.412 108.070 22.664
201909 18.828 108.329 23.121
201912 19.081 108.420 23.412
202003 19.673 108.902 24.032
202006 18.125 108.767 22.168
202009 19.452 109.815 23.564
202012 20.141 109.897 24.380
202103 21.031 111.754 25.035
202106 18.972 114.631 22.017
202109 19.827 115.734 22.790
202112 20.518 117.630 23.204
202203 21.874 121.301 23.989
202206 19.968 125.017 21.248
202209 21.570 125.227 22.914
202212 22.123 125.222 23.502
202303 22.228 127.348 23.220
202306 20.779 128.729 21.473
202309 22.311 129.860 22.856
202312 21.979 129.419 22.592
202403 23.591 131.776 23.815
202406 21.848 132.554 21.926
202409 22.853 133.029 22.853

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


Uni-President Enterprises  (TPE:1216) 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.

Uni-President Enterprises's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=85.00/22.91
=3.71

* 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 Uni-President Enterprises was 5.01. The lowest was 3.04. And the median was 3.60.


Be Aware

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


Uni-President Enterprises Cyclically Adjusted Book per Share Related Terms

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


Uni-President Enterprises Business Description

Traded in Other Exchanges
N/A
Address
No. 301, Zhongzheng Road, Yongkang District, Tainan, TWN, 710401
Uni-President Enterprises is one of the largest food conglomerates in Asia. It produces and sells a comprehensive range of food products through its company and affiliates. Core business includes food manufacturing and investments in other related business. Product categories include feeds, flour, edible oils, soy sauce, meat products, instant noodles, bread, beverages, dairy products, frozen food, and health food. Through its network of 200 affiliates, its convenient stores, retail, logistics, finance, and recreation operations are located all across Taiwan, mainland China, and Southeast Asia.

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