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Usi (TPE:1304) Cyclically Adjusted Book per Share : NT$22.12 (As of Mar. 2024)


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What is Usi 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.

Usi's adjusted book value per share for the three months ended in Mar. 2024 was NT$21.572. 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$22.12 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Usi's average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.60% 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 Usi was 7.60% per year. The lowest was 6.90% per year. And the median was 7.25% per year.

As of today (2024-06-19), Usi's current stock price is NT$15.10. Usi's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$22.12. Usi's Cyclically Adjusted PB Ratio of today is 0.68.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Usi was 2.31. The lowest was 0.51. And the median was 1.02.


Usi Cyclically Adjusted Book per Share Historical Data

The historical data trend for Usi'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.

Usi Cyclically Adjusted Book per Share Chart

Usi 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 17.07 17.45 19.29 20.86 21.71

Usi 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 21.25 21.52 21.76 21.71 22.12

Competitive Comparison of Usi's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Usi'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.


Usi's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



Usi 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, Usi'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)
=21.572/131.7762*131.7762
=21.572

Current CPI (Mar. 2024) = 131.7762.

Usi Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.654 100.560 20.513
201409 15.802 100.428 20.735
201412 16.153 99.070 21.486
201503 16.196 99.621 21.424
201506 15.855 100.684 20.751
201509 15.731 100.392 20.649
201512 15.877 99.792 20.966
201603 16.201 100.470 21.249
201606 16.047 101.688 20.795
201609 16.233 101.861 21.000
201612 16.532 101.863 21.387
201703 16.650 102.862 21.330
201706 16.404 103.349 20.916
201709 16.738 104.136 21.181
201712 16.902 104.011 21.414
201803 17.245 105.290 21.583
201806 17.283 106.317 21.422
201809 17.210 106.507 21.293
201812 16.961 105.998 21.086
201903 17.457 107.251 21.449
201906 17.432 108.070 21.256
201909 17.384 108.329 21.147
201912 17.401 108.420 21.150
202003 17.229 108.902 20.848
202006 17.222 108.767 20.865
202009 18.083 109.815 21.699
202012 19.575 109.897 23.472
202103 20.961 111.754 24.716
202106 21.287 114.631 24.471
202109 22.366 115.734 25.466
202112 23.745 117.630 26.601
202203 24.730 121.301 26.866
202206 22.203 125.017 23.403
202209 22.557 125.227 23.737
202212 22.844 125.222 24.040
202303 22.782 127.348 23.574
202306 21.860 128.729 22.378
202309 22.308 129.860 22.637
202312 21.686 129.419 22.081
202403 21.572 131.776 21.572

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


Usi  (TPE:1304) 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.

Usi's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.10/22.12
=0.68

* 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 Usi was 2.31. The lowest was 0.51. And the median was 1.02.


Be Aware

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


Usi Cyclically Adjusted Book per Share Related Terms

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


Usi (TPE:1304) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Usi Corp (TPE:1304) » Definitions » Cyclically Adjusted Book per Share
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Address
No. 330, Fengren Road, Renwu District, Kaohsiung, TWN, 81449
Usi Corp is a Taiwan-based plastics company primarily engaged in the processing, manufacturing, and sales of raw materials used in the plastic products industry. The company's main product is polyethylene pellets. Its line of raw materials also includes plastic powder, cloths, tubes and skins, as well as catalyzers, chemicals, and processing equipment used in plastics production. The company provides additional technical services related to its plastic processing equipment. Other operations involve the licensing of proprietary technology and patents, and the production of other compounds unrelated to plastics. USI derives most of its revenue from Asia.

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