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Microtek International (TPE:2305) Cyclically Adjusted Book per Share : NT$12.49 (As of Mar. 2025)


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What is Microtek International 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.

Microtek International's adjusted book value per share for the three months ended in Mar. 2025 was NT$11.317. 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$12.49 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Microtek International's average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 Microtek International was 9.60% per year. The lowest was 7.40% per year. And the median was 8.90% per year.

As of today (2025-05-28), Microtek International's current stock price is NT$10.25. Microtek International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$12.49. Microtek International's Cyclically Adjusted PB Ratio of today is 0.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Microtek International was 3.32. The lowest was 0.43. And the median was 1.13.


Microtek International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Microtek International'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.

Microtek International Cyclically Adjusted Book per Share Chart

Microtek International 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 8.86 9.90 10.95 11.68 12.28

Microtek International 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 11.97 12.11 12.22 12.28 12.49

Competitive Comparison of Microtek International's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Microtek International'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.


Microtek International's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Microtek International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Microtek International 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, Microtek International'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)
=11.317/134.9266*134.9266
=11.317

Current CPI (Mar. 2025) = 134.9266.

Microtek International Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.882 100.684 9.223
201509 6.991 100.392 9.396
201512 9.006 99.792 12.177
201603 11.862 100.470 15.930
201606 11.631 101.688 15.433
201609 11.302 101.861 14.971
201612 8.578 101.863 11.362
201703 8.172 102.862 10.719
201706 8.133 103.349 10.618
201709 11.211 104.136 14.526
201712 11.100 104.011 14.399
201803 11.113 105.290 14.241
201806 11.060 106.317 14.036
201809 10.779 106.507 13.655
201812 10.820 105.998 13.773
201903 11.032 107.251 13.879
201906 10.921 108.070 13.635
201909 10.643 108.329 13.256
201912 10.617 108.420 13.213
202003 10.496 108.902 13.004
202006 10.455 108.767 12.970
202009 10.623 109.815 13.052
202012 10.727 109.897 13.170
202103 10.699 111.754 12.917
202106 10.616 114.631 12.496
202109 10.616 115.734 12.376
202112 10.724 117.630 12.301
202203 11.039 121.301 12.279
202206 11.062 125.017 11.939
202209 11.318 125.227 12.195
202212 10.767 125.222 11.601
202303 10.749 127.348 11.389
202306 10.647 128.729 11.160
202309 10.954 129.860 11.381
202312 10.724 129.419 11.180
202403 10.909 131.776 11.170
202406 10.522 132.554 10.710
202409 11.184 133.029 11.344
202412 11.105 133.157 11.253
202503 11.317 134.927 11.317

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


Microtek International  (TPE:2305) 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.

Microtek International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.25/12.49
=0.82

* 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 Microtek International was 3.32. The lowest was 0.43. And the median was 1.13.


Be Aware

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


Microtek International Cyclically Adjusted Book per Share Related Terms

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


Microtek International Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.6 Industry East Road 3, Science-Based Industrial Park, Hsinchu, TWN, 300091
Microtek International Inc is a Taiwan based company offering scanning solutions. The company is engaged in the manufacturing and marketing of digital image scanners and related computer peripheral products. It offers scanners for medical, document, professional image, office, home, and industrial application. Its product portfolio includes ArtixScan series, FileScan series, ScanMaker series, XT series, Bio series, ObjectScan series, and medical series, among others.

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