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Ability Enterprise Co (TPE:2374) Cyclically Adjusted Book per Share : NT$30.25 (As of Mar. 2025)


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What is Ability Enterprise 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.

Ability Enterprise Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$24.600. 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$30.25 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ability Enterprise Co's average Cyclically Adjusted Book Growth Rate was -4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.40% 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 Ability Enterprise Co was -1.40% per year. The lowest was -3.20% per year. And the median was -1.65% per year.

As of today (2025-06-30), Ability Enterprise Co's current stock price is NT$53.30. Ability Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$30.25. Ability Enterprise Co's Cyclically Adjusted PB Ratio of today is 1.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ability Enterprise Co was 2.14. The lowest was 0.28. And the median was 0.61.


Ability Enterprise Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ability Enterprise 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.

Ability Enterprise Co Cyclically Adjusted Book per Share Chart

Ability Enterprise 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 33.51 33.60 33.18 31.72 30.44

Ability Enterprise Co 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 31.68 31.42 30.96 30.44 30.25

Competitive Comparison of Ability Enterprise Co's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Ability Enterprise 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.


Ability Enterprise Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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Ability Enterprise 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, Ability Enterprise Co'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)
=24.6/134.9266*134.9266
=24.600

Current CPI (Mar. 2025) = 134.9266.

Ability Enterprise Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 35.408 100.684 47.450
201509 30.197 100.392 40.585
201512 30.288 99.792 40.952
201603 30.071 100.470 40.384
201606 29.081 101.688 38.587
201609 29.107 101.861 38.556
201612 29.350 101.863 38.877
201703 29.091 102.862 38.159
201706 28.890 103.349 37.717
201709 29.588 104.136 38.337
201712 30.164 104.011 39.130
201803 28.939 105.290 37.085
201806 28.071 106.317 35.625
201809 26.283 106.507 33.296
201812 25.718 105.998 32.737
201903 26.082 107.251 32.812
201906 25.415 108.070 31.731
201909 24.174 108.329 30.109
201912 22.996 108.420 28.618
202003 21.015 108.902 26.037
202006 20.725 108.767 25.710
202009 20.169 109.815 24.781
202012 19.905 109.897 24.439
202103 19.705 111.754 23.791
202106 22.411 114.631 26.379
202109 21.208 115.734 24.725
202112 21.949 117.630 25.177
202203 22.480 121.301 25.005
202206 21.389 125.017 23.084
202209 22.128 125.227 23.842
202212 21.691 125.222 23.372
202303 21.683 127.348 22.973
202306 21.356 128.729 22.384
202309 22.439 129.860 23.315
202312 22.424 129.419 23.378
202403 23.031 131.776 23.582
202406 23.580 132.554 24.002
202409 23.643 133.029 23.980
202412 24.444 133.157 24.769
202503 24.600 134.927 24.600

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


Ability Enterprise Co  (TPE:2374) 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.

Ability Enterprise Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=53.30/30.25
=1.76

* 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 Ability Enterprise Co was 2.14. The lowest was 0.28. And the median was 0.61.


Be Aware

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


Ability Enterprise Co Cyclically Adjusted Book per Share Related Terms

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


Ability Enterprise Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 200, Zhonghuan Road, Section 3, Xinzhuang District, New Taipei, TWN, 24242
Ability Enterprise Co Ltd is engaged in the manufacturing, purchases, and sales of digital cameras, optical product components, and film/video accessories. It operates in two segments: Optical Manufacturing, which is into manufacturing and sales of optical products; and Strategic Investing, which focuses on sales of design and manufacturing of optical elements. It derives the majority of its revenue comes from the Optical manufacturing segment. Its geographical segments include Japan, China, Taiwan, Vietnam, and Others, of which Japan generates the majority of the revenue.

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