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YFY (TPE:1907) Cyclically Adjusted Book per Share : NT$31.43 (As of Mar. 2025)


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What is YFY 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.

YFY's adjusted book value per share for the three months ended in Mar. 2025 was NT$38.693. 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$31.43 for the trailing ten years ended in Mar. 2025.

During the past 12 months, YFY's average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.10% 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 YFY was 9.70% per year. The lowest was 6.90% per year. And the median was 8.05% per year.

As of today (2025-05-27), YFY's current stock price is NT$27.05. YFY's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$31.43. YFY's Cyclically Adjusted PB Ratio of today is 0.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of YFY was 2.02. The lowest was 0.50. And the median was 0.99.


YFY Cyclically Adjusted Book per Share Historical Data

The historical data trend for YFY'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.

YFY Cyclically Adjusted Book per Share Chart

YFY 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 22.15 24.75 27.49 29.21 30.84

YFY 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 29.86 30.27 30.63 30.84 31.43

Competitive Comparison of YFY's Cyclically Adjusted Book per Share

For the Paper & Paper Products subindustry, YFY'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.


YFY's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

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

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


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YFY 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, YFY'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)
=38.693/134.9266*134.9266
=38.693

Current CPI (Mar. 2025) = 134.9266.

YFY Quarterly Data

Book Value per Share CPI Adj_Book
201506 22.345 100.684 29.945
201509 21.930 100.392 29.474
201512 21.409 99.792 28.947
201603 20.974 100.470 28.167
201606 20.356 101.688 27.010
201609 19.822 101.861 26.257
201612 19.382 101.863 25.673
201703 18.414 102.862 24.154
201706 18.735 103.349 24.459
201709 19.291 104.136 24.995
201712 20.014 104.011 25.963
201803 21.567 105.290 27.638
201806 21.782 106.317 27.644
201809 22.110 106.507 28.010
201812 21.358 105.998 27.187
201903 22.747 107.251 28.617
201906 23.354 108.070 29.158
201909 23.153 108.329 28.838
201912 23.639 108.420 29.418
202003 21.792 108.902 27.000
202006 23.173 108.767 28.746
202009 25.144 109.815 30.894
202012 27.093 109.897 33.264
202103 27.370 111.754 33.045
202106 28.286 114.631 33.294
202109 29.151 115.734 33.985
202112 30.837 117.630 35.371
202203 32.309 121.301 35.938
202206 31.598 125.017 34.103
202209 33.572 125.227 36.173
202212 32.906 125.222 35.456
202303 31.886 127.348 33.784
202306 32.576 128.729 34.144
202309 33.885 129.860 35.207
202312 35.217 129.419 36.716
202403 36.924 131.776 37.807
202406 40.059 132.554 40.776
202409 40.292 133.029 40.867
202412 39.750 133.157 40.278
202503 38.693 134.927 38.693

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


YFY  (TPE:1907) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.05/31.43
=0.86

* 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 YFY was 2.02. The lowest was 0.50. And the median was 0.99.


Be Aware

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


YFY Cyclically Adjusted Book per Share Related Terms

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


YFY Business Description

Industry
Traded in Other Exchanges
N/A
Address
Number 51, Section 2, Chongqing South Road, Taipei, TWN, 10075
YFY Inc is a Taiwan-based investment holding business that operates in Taiwan and China. Its business activities are investments in other companies. The main business segments of YFY's subsidiaries are engaged in the manufacture and sale of paper and paper-related products and the design, manufacture, and sale of equipment. It has three business areas cultural paper, industrial paper, and household paper. It has a complete industrial chain in the upstream (forestry, pulp), midstream (papermaking), and downstream (printing, packaging, design), and implements forestry, pulp, paper, and design.

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