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China Glaze Co (TPE:1809) Cyclically Adjusted Book per Share : NT$22.21 (As of Dec. 2024)


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What is China Glaze 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.

China Glaze Co's adjusted book value per share for the three months ended in Dec. 2024 was NT$17.698. 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$22.21 for the trailing ten years ended in Dec. 2024.

During the past 12 months, China Glaze Co's average Cyclically Adjusted Book Growth Rate was -1.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.40% 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 China Glaze Co was 2.30% per year. The lowest was 0.30% per year. And the median was 2.30% per year.

As of today (2025-05-13), China Glaze Co's current stock price is NT$17.10. China Glaze Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was NT$22.21. China Glaze Co's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of China Glaze Co was 1.44. The lowest was 0.33. And the median was 0.63.


China Glaze Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for China Glaze 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.

China Glaze Co Cyclically Adjusted Book per Share Chart

China Glaze Co 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 21.07 21.98 22.68 22.57 22.21

China Glaze Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 22.57 22.74 22.64 22.47 22.21

Competitive Comparison of China Glaze Co's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, China Glaze 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.


China Glaze Co's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Glaze Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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China Glaze 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, China Glaze Co's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=17.698/133.1571*133.1571
=17.698

Current CPI (Dec. 2024) = 133.1571.

China Glaze Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 21.601 99.621 28.873
201506 20.931 100.684 27.682
201509 21.701 100.392 28.784
201512 21.417 99.792 28.578
201603 21.536 100.470 28.542
201606 21.409 101.688 28.034
201609 19.821 101.861 25.911
201612 19.773 101.863 25.848
201703 18.997 102.862 24.592
201706 18.935 103.349 24.396
201709 19.131 104.136 24.463
201712 18.947 104.011 24.256
201803 18.767 105.290 23.734
201806 18.853 106.317 23.613
201809 18.718 106.507 23.402
201812 18.688 105.998 23.476
201903 18.652 107.251 23.157
201906 18.467 108.070 22.754
201909 18.245 108.329 22.427
201912 18.000 108.420 22.107
202003 17.811 108.902 21.778
202006 17.325 108.767 21.210
202009 17.410 109.815 21.111
202012 17.371 109.897 21.048
202103 17.416 111.754 20.751
202106 17.356 114.631 20.161
202109 17.189 115.734 19.777
202112 17.283 117.630 19.564
202203 17.635 121.301 19.359
202206 17.581 125.017 18.726
202209 17.997 125.227 19.137
202212 17.668 125.222 18.788
202303 17.590 127.348 18.392
202306 17.274 128.729 17.868
202309 17.479 129.860 17.923
202312 17.242 129.419 17.740
202403 17.542 131.776 17.726
202406 17.415 132.554 17.494
202409 17.534 133.029 17.551
202412 17.698 133.157 17.698

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


China Glaze Co  (TPE:1809) 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.

China Glaze Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.10/22.21
=0.77

* 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 China Glaze Co was 1.44. The lowest was 0.33. And the median was 0.63.


Be Aware

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


China Glaze Co Cyclically Adjusted Book per Share Related Terms

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


China Glaze Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 136, Chung Hsing Road, Section 4, Chutung, Hsinchu, TWN, 31061
China Glaze Co Ltd mainly manufactures and sells various frit, glaze, pigments, advanced ceramics, crystallized glass, phosphor powder for photoelectric use, and digital textile ink.

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