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Chang Ho Fibre (TPE:1468) Cyclically Adjusted Book per Share : NT$8.64 (As of Mar. 2025)


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What is Chang Ho Fibre 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.

Chang Ho Fibre's adjusted book value per share for the three months ended in Mar. 2025 was NT$8.891. 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$8.64 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Chang Ho Fibre's average Cyclically Adjusted Book Growth Rate was 0.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.60% 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 Chang Ho Fibre was 2.00% per year. The lowest was 1.10% per year. And the median was 2.00% per year.

As of today (2025-05-30), Chang Ho Fibre's current stock price is NT$14.30. Chang Ho Fibre's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$8.64. Chang Ho Fibre's Cyclically Adjusted PB Ratio of today is 1.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Chang Ho Fibre was 2.06. The lowest was 1.11. And the median was 1.55.


Chang Ho Fibre Cyclically Adjusted Book per Share Historical Data

The historical data trend for Chang Ho Fibre'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.

Chang Ho Fibre Cyclically Adjusted Book per Share Chart

Chang Ho Fibre Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.99 8.28 8.46 8.48 8.55

Chang Ho Fibre Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 8.58 8.59 8.58 8.55 8.64

Competitive Comparison of Chang Ho Fibre's Cyclically Adjusted Book per Share

For the Textile Manufacturing subindustry, Chang Ho Fibre'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.


Chang Ho Fibre's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

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


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Chang Ho Fibre 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, Chang Ho Fibre's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=8.891/134.9266*134.9266
=8.891

Current CPI (Mar. 2025) = 134.9266.

Chang Ho Fibre Quarterly Data

Book Value per Share CPI Adj_Book
201506 7.240 100.684 9.702
201509 7.179 100.392 9.649
201512 7.059 99.792 9.544
201603 7.040 100.470 9.454
201606 7.073 101.688 9.385
201609 6.847 101.861 9.070
201612 6.759 101.863 8.953
201703 6.629 102.862 8.695
201706 6.608 103.349 8.627
201709 6.346 104.136 8.222
201712 6.143 104.011 7.969
201803 6.084 105.290 7.797
201806 6.316 106.317 8.016
201809 6.459 106.507 8.182
201812 6.422 105.998 8.175
201903 6.729 107.251 8.465
201906 6.864 108.070 8.570
201909 6.884 108.329 8.574
201912 7.237 108.420 9.006
202003 7.325 108.902 9.076
202006 7.446 108.767 9.237
202009 7.806 109.815 9.591
202012 7.663 109.897 9.408
202103 7.684 111.754 9.277
202106 7.431 114.631 8.747
202109 7.328 115.734 8.543
202112 7.332 117.630 8.410
202203 7.391 121.301 8.221
202206 7.527 125.017 8.124
202209 8.174 125.227 8.807
202212 7.440 125.222 8.017
202303 7.421 127.348 7.863
202306 7.513 128.729 7.875
202309 7.851 129.860 8.157
202312 7.480 129.419 7.798
202403 7.789 131.776 7.975
202406 8.294 132.554 8.442
202409 8.345 133.029 8.464
202412 8.588 133.157 8.702
202503 8.891 134.927 8.891

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


Chang Ho Fibre  (TPE:1468) 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.

Chang Ho Fibre's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.30/8.64
=1.66

* 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 Chang Ho Fibre was 2.06. The lowest was 1.11. And the median was 1.55.


Be Aware

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


Chang Ho Fibre Cyclically Adjusted Book per Share Related Terms

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


Chang Ho Fibre Business Description

Traded in Other Exchanges
N/A
Address
Nankan Road, No. 277, Section 1, Jinxing Village, Luzhu District, Taoyuan, TWN
Chang Ho Fibre Corp manufactures and sells various fibers, ultra-fine and super-micro fibers, and dyed and finished fabrics. Geographically, the company generates maximum revenue from its customers in China, followed by Taiwan.

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