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Tah hsin Industrial (TPE:1315) Cyclically Adjusted Book per Share : NT$113.25 (As of Jun. 2024)


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What is Tah hsin Industrial 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.

Tah hsin Industrial's adjusted book value per share for the three months ended in Jun. 2024 was NT$107.048. 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$113.25 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Tah hsin Industrial's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.50% 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 Tah hsin Industrial was 10.00% per year. The lowest was 9.50% per year. And the median was 9.75% per year.

As of today (2024-09-22), Tah hsin Industrial's current stock price is NT$70.80. Tah hsin Industrial's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was NT$113.25. Tah hsin Industrial's Cyclically Adjusted PB Ratio of today is 0.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tah hsin Industrial was 1.45. The lowest was 0.62. And the median was 0.82.


Tah hsin Industrial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tah hsin Industrial'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.

Tah hsin Industrial Cyclically Adjusted Book per Share Chart

Tah hsin Industrial 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 79.03 84.02 95.58 105.06 110.17

Tah hsin Industrial Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 108.98 110.27 110.17 112.38 113.25

Competitive Comparison of Tah hsin Industrial's Cyclically Adjusted Book per Share

For the Apparel Manufacturing subindustry, Tah hsin Industrial'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.


Tah hsin Industrial's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tah hsin Industrial's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tah hsin Industrial 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, Tah hsin Industrial's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=107.048/132.5538*132.5538
=107.048

Current CPI (Jun. 2024) = 132.5538.

Tah hsin Industrial Quarterly Data

Book Value per Share CPI Adj_Book
201409 80.406 100.428 106.127
201412 72.281 99.070 96.711
201503 76.237 99.621 101.439
201506 71.861 100.684 94.607
201509 70.796 100.392 93.477
201512 69.798 99.792 92.712
201603 72.362 100.470 95.469
201606 68.119 101.688 88.795
201609 70.198 101.861 91.350
201612 73.388 101.863 95.500
201703 76.101 102.862 98.068
201706 72.392 103.349 92.849
201709 76.612 104.136 97.519
201712 76.543 104.011 97.548
201803 83.881 105.290 105.602
201806 83.991 106.317 104.718
201809 84.941 106.507 105.714
201812 80.726 105.998 100.950
201903 82.732 107.251 102.251
201906 85.429 108.070 104.784
201909 84.463 108.329 103.350
201912 87.633 108.420 107.140
202003 80.876 108.902 98.441
202006 133.332 108.767 162.491
202009 126.544 109.815 152.747
202012 127.494 109.897 153.779
202103 125.641 111.754 149.025
202106 124.742 114.631 144.245
202109 169.632 115.734 194.284
202112 120.851 117.630 136.184
202203 121.893 121.301 133.201
202206 114.172 125.017 121.055
202209 108.588 125.227 114.942
202212 111.062 125.222 117.565
202303 112.655 127.348 117.260
202306 114.438 128.729 117.838
202309 110.055 129.860 112.338
202312 110.905 129.419 113.591
202403 106.804 131.776 107.434
202406 107.048 132.554 107.048

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


Tah hsin Industrial  (TPE:1315) 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.

Tah hsin Industrial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=70.80/113.25
=0.63

* 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 Tah hsin Industrial was 1.45. The lowest was 0.62. And the median was 0.82.


Be Aware

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


Tah hsin Industrial Cyclically Adjusted Book per Share Related Terms

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


Tah hsin Industrial Business Description

Traded in Other Exchanges
N/A
Address
No. 51, 35th Road, Taichung Industrial Park, Xitun District, Taichung, TWN
Tah hsin Industrial Corp is engaged in the manufacturing and trading of a variety of plastic raincoats, nylon raincoats, overalls, wardrobes, nylon jackets, PP corrugated boards, TC ready-to-wear garments, leather goods, handbags, file folders, plastic film, carrier bags, laminating machines, and others. Its operating segment includes Tahsin in Taiwan, Tahsin Shoji Co., Ltd, United States T.H. USA; Fujian Putian DAFU Plastic Industry Co., Ltd; Tah Viet Co., Ltd; Myanmar Tahsin; Tah Fa Investment Co., Ltd, and others. The company generates maximum revenue from the Tahsin Taiwan segment.

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