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Ttet Union (TPE:1232) Cyclically Adjusted Book per Share : NT$30.64 (As of Mar. 2024)


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What is Ttet Union 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.

Ttet Union's adjusted book value per share for the three months ended in Mar. 2024 was NT$35.511. 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$30.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ttet Union's average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.00% 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 Ttet Union was 8.70% per year. The lowest was 5.90% per year. And the median was 7.60% per year.

As of today (2024-06-01), Ttet Union's current stock price is NT$145.00. Ttet Union's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$30.64. Ttet Union's Cyclically Adjusted PB Ratio of today is 4.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ttet Union was 7.42. The lowest was 4.39. And the median was 5.34.


Ttet Union Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ttet Union'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.

Ttet Union Cyclically Adjusted Book per Share Chart

Ttet Union 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 22.63 23.30 25.71 28.20 29.91

Ttet Union 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 28.90 29.38 29.82 29.91 30.64

Competitive Comparison of Ttet Union's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Ttet Union'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.


Ttet Union's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Ttet Union's Cyclically Adjusted PB Ratio falls into.



Ttet Union 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, Ttet Union'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)
=35.511/131.7762*131.7762
=35.511

Current CPI (Mar. 2024) = 131.7762.

Ttet Union Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.633 100.560 24.417
201409 19.559 100.428 25.664
201412 22.113 99.070 29.413
201503 23.627 99.621 31.253
201506 19.731 100.684 25.824
201509 21.447 100.392 28.152
201512 22.903 99.792 30.243
201603 23.990 100.470 31.465
201606 20.678 101.688 26.796
201609 21.866 101.861 28.288
201612 23.502 101.863 30.404
201703 24.565 102.862 31.470
201706 20.827 103.349 26.556
201709 22.289 104.136 28.205
201712 23.575 104.011 29.868
201803 24.808 105.290 31.049
201806 21.264 106.317 26.356
201809 22.475 106.507 27.807
201812 24.259 105.998 30.159
201903 26.117 107.251 32.089
201906 22.440 108.070 27.363
201909 23.891 108.329 29.062
201912 25.381 108.420 30.849
202003 27.045 108.902 32.726
202006 23.624 108.767 28.621
202009 25.791 109.815 30.949
202012 28.467 109.897 34.135
202103 31.521 111.754 37.168
202106 27.201 114.631 31.269
202109 28.050 115.734 31.938
202112 30.371 117.630 34.024
202203 33.368 121.301 36.250
202206 29.729 125.017 31.336
202209 30.490 125.227 32.085
202212 32.197 125.222 33.882
202303 34.377 127.348 35.572
202306 29.994 128.729 30.704
202309 31.652 129.860 32.119
202312 33.744 129.419 34.358
202403 35.511 131.776 35.511

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


Ttet Union  (TPE:1232) 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.

Ttet Union's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=145.00/30.64
=4.73

* 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 Ttet Union was 7.42. The lowest was 4.39. And the median was 5.34.


Be Aware

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


Ttet Union Cyclically Adjusted Book per Share Related Terms

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


Ttet Union (TPE:1232) Business Description

Traded in Other Exchanges
N/A
Address
32 Gungye West Road, Erzhen Village,Guantian District, Tainan, TWN, 72048
Ttet Union Corp is a Taiwan based vegetable oil and protein product provider. The company is mainly engaged in the manufacture, sales, processing, import, and export of a variety of vegetable oils and fat, and engaged in cogeneration plant business, wholesale, and retailing of oils. The company's product portfolio includes soybean oil, canola oil, deep-frying oil, palm olein, soybean meal, dehulled high-protein soybean meal, soybean hull pellet, and high-protein soybean flake among others. Geographically, the majority is from Taiwan.

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