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Eternal Materials Co (TPE:1717) Cyclically Adjusted Book per Share : NT$22.71 (As of Sep. 2024)


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What is Eternal Materials 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.

Eternal Materials Co's adjusted book value per share for the three months ended in Sep. 2024 was NT$23.181. 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$22.71 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Eternal Materials Co's average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 Eternal Materials Co was 6.10% per year. The lowest was 5.50% per year. And the median was 5.80% per year.

As of today (2024-12-16), Eternal Materials Co's current stock price is NT$28.40. Eternal Materials Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was NT$22.71. Eternal Materials Co's Cyclically Adjusted PB Ratio of today is 1.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Eternal Materials Co was 2.56. The lowest was 1.25. And the median was 1.53.


Eternal Materials Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Eternal Materials 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.

Eternal Materials Co Cyclically Adjusted Book per Share Chart

Eternal Materials 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 18.22 18.46 19.97 21.41 22.07

Eternal Materials 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 22.18 22.07 22.45 22.61 22.71

Competitive Comparison of Eternal Materials Co's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Eternal Materials 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.


Eternal Materials Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



Eternal Materials 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, Eternal Materials 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)
=23.181/133.0289*133.0289
=23.181

Current CPI (Sep. 2024) = 133.0289.

Eternal Materials Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 18.226 99.070 24.474
201503 18.499 99.621 24.703
201506 17.166 100.684 22.681
201509 18.618 100.392 24.671
201512 18.557 99.792 24.738
201603 18.973 100.470 25.121
201606 17.780 101.688 23.260
201609 17.712 101.861 23.132
201612 17.562 101.863 22.935
201703 17.016 102.862 22.006
201706 16.253 103.349 20.921
201709 16.916 104.136 21.609
201712 17.404 104.011 22.259
201803 18.203 105.290 22.999
201806 18.010 106.317 22.535
201809 17.566 106.507 21.940
201812 17.825 105.998 22.371
201903 19.142 107.251 23.743
201906 18.411 108.070 22.663
201909 18.016 108.329 22.124
201912 18.175 108.420 22.300
202003 18.161 108.902 22.185
202006 16.873 108.767 20.637
202009 18.125 109.815 21.956
202012 19.380 109.897 23.459
202103 19.898 111.754 23.686
202106 20.665 114.631 23.982
202109 19.749 115.734 22.700
202112 20.572 117.630 23.265
202203 22.234 121.301 24.384
202206 20.827 125.017 22.162
202209 20.898 125.227 22.200
202212 21.014 125.222 22.324
202303 20.042 127.348 20.936
202306 19.661 128.729 20.318
202309 21.264 129.860 21.783
202312 20.992 129.419 21.577
202403 21.678 131.776 21.884
202406 22.425 132.554 22.505
202409 23.181 133.029 23.181

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


Eternal Materials Co  (TPE:1717) 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.

Eternal Materials Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=28.40/22.71
=1.25

* 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 Eternal Materials Co was 2.56. The lowest was 1.25. And the median was 1.53.


Be Aware

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


Eternal Materials Co Cyclically Adjusted Book per Share Related Terms

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


Eternal Materials Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 578, Jiangong Road, Sanmin District, Kaohsiung, TWN, 807
Eternal Materials Co Ltd manufactures and sells a variety of chemicals and chemical-based products in three categories. The synthetic resin category sells adhesive, fluorocarbon, polyester, polyurethane, and vinyl resins used in tapes, labels, stickers, household goods, paints, and solar panels. The specialty materials category sells silicone products used for ceramics, paints, and coatings as well as LED packaging materials used in televisions, iPads, laptops, and other electronics. The electronics materials category sells products used in printed circuit boards and flat panel displays. Eternal Materials sells its products in Asia and the United States.

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