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Tairoun Products Co (TPE:1220) Cyclically Adjusted Book per Share : NT$15.22 (As of Sep. 2024)


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What is Tairoun Products 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.

Tairoun Products Co's adjusted book value per share for the three months ended in Sep. 2024 was NT$13.807. 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$15.22 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Tairoun Products Co's average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.50% 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 Tairoun Products Co was 4.50% per year. The lowest was 4.50% per year. And the median was 4.50% per year.

As of today (2024-12-13), Tairoun Products Co's current stock price is NT$18.80. Tairoun Products Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was NT$15.22. Tairoun Products Co's Cyclically Adjusted PB Ratio of today is 1.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tairoun Products Co was 1.69. The lowest was 0.73. And the median was 1.01.


Tairoun Products Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tairoun Products 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.

Tairoun Products Co Cyclically Adjusted Book per Share Chart

Tairoun Products 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 12.93 13.12 14.07 14.76 14.97

Tairoun Products Co 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 15.09 14.97 15.18 15.22 15.22

Competitive Comparison of Tairoun Products Co's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Tairoun Products 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.


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

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

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



Tairoun Products 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, Tairoun Products Co'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)
=13.807/133.0289*133.0289
=13.807

Current CPI (Sep. 2024) = 133.0289.

Tairoun Products Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 11.840 99.070 15.899
201503 11.881 99.621 15.865
201506 11.694 100.684 15.451
201509 11.970 100.392 15.861
201512 12.152 99.792 16.199
201603 12.287 100.470 16.269
201606 12.105 101.688 15.836
201609 12.430 101.861 16.233
201612 12.617 101.863 16.477
201703 12.763 102.862 16.506
201706 12.252 103.349 15.771
201709 12.412 104.136 15.856
201712 12.521 104.011 16.014
201803 12.708 105.290 16.056
201806 12.448 106.317 15.576
201809 12.546 106.507 15.670
201812 12.639 105.998 15.862
201903 12.702 107.251 15.755
201906 12.384 108.070 15.244
201909 12.649 108.329 15.533
201912 12.984 108.420 15.931
202003 13.078 108.902 15.975
202006 12.776 108.767 15.626
202009 13.090 109.815 15.857
202012 13.375 109.897 16.190
202103 13.741 111.754 16.357
202106 14.061 114.631 16.318
202109 13.225 115.734 15.201
202112 13.330 117.630 15.075
202203 13.518 121.301 14.825
202206 12.616 125.017 13.425
202209 12.519 125.227 13.299
202212 12.582 125.222 13.366
202303 12.543 127.348 13.103
202306 12.541 128.729 12.960
202309 12.771 129.860 13.083
202312 13.145 129.419 13.512
202403 13.442 131.776 13.570
202406 13.467 132.554 13.515
202409 13.807 133.029 13.807

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


Tairoun Products Co  (TPE:1220) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.80/15.22
=1.24

* 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 Tairoun Products Co was 1.69. The lowest was 0.73. And the median was 1.01.


Be Aware

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


Tairoun Products Co Cyclically Adjusted Book per Share Related Terms

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


Tairoun Products Co Business Description

Traded in Other Exchanges
N/A
Address
No. 206, Nanjing East Road, Section 2, 6th Floor, Zhongshan District, Taipei, TWN, 104096
Tairoun Products Co Ltd operates in the packaged foods industry. The company is engaged in the production and sale of feed, fructose, and starch. It generates the maximum revenue from the Fructose Business Department.

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