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Tyntek (TPE:2426) Cyclically Adjusted Book per Share : NT$15.08 (As of Mar. 2024)


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What is Tyntek 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.

Tyntek's adjusted book value per share for the three months ended in Mar. 2024 was NT$12.541. 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$15.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tyntek's average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.90% 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 Tyntek was 0.90% per year. The lowest was 0.90% per year. And the median was 0.90% per year.

As of today (2024-05-22), Tyntek's current stock price is NT$18.10. Tyntek's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$15.08. Tyntek's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tyntek was 2.18. The lowest was 0.62. And the median was 1.23.


Tyntek Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tyntek'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.

Tyntek Cyclically Adjusted Book per Share Chart

Tyntek Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 14.25 14.07 14.24 14.62

Tyntek Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 14.62 14.78 14.85 14.89 15.08

Competitive Comparison of Tyntek's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Tyntek'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.


Tyntek's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Tyntek 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, Tyntek's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=12.541/131.7762*131.7762
=12.541

Current CPI (Mar. 2024) = 131.7762.

Tyntek Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.527 99.695 13.915
201406 10.820 100.560 14.179
201409 16.974 100.428 22.272
201412 11.894 99.070 15.821
201503 12.311 99.621 16.285
201506 11.705 100.684 15.320
201509 12.170 100.392 15.975
201512 12.261 99.792 16.191
201603 12.366 100.470 16.219
201606 11.450 101.688 14.838
201609 11.477 101.861 14.848
201612 11.953 101.863 15.463
201703 11.810 102.862 15.130
201706 11.253 103.349 14.348
201709 11.504 104.136 14.557
201712 11.793 104.011 14.941
201803 11.849 105.290 14.830
201806 12.571 106.317 15.581
201809 12.938 106.507 16.008
201812 12.919 105.998 16.061
201903 13.058 107.251 16.044
201906 11.927 108.070 14.543
201909 11.809 108.329 14.365
201912 12.266 108.420 14.908
202003 11.131 108.902 13.469
202006 12.925 108.767 15.659
202009 12.828 109.815 15.393
202012 13.003 109.897 15.592
202103 12.559 111.754 14.809
202106 12.657 114.631 14.550
202109 13.074 115.734 14.886
202112 14.829 117.630 16.612
202203 13.929 121.301 15.132
202206 13.593 125.017 14.328
202209 13.371 125.227 14.070
202212 13.173 125.222 13.863
202303 13.072 127.348 13.527
202306 12.875 128.729 13.180
202309 12.837 129.860 13.026
202403 12.541 131.776 12.541

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


Tyntek  (TPE:2426) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.10/15.08
=1.20

* 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 Tyntek was 2.18. The lowest was 0.62. And the median was 1.23.


Be Aware

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


Tyntek Cyclically Adjusted Book per Share Related Terms

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


Tyntek (TPE:2426) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tyntek Corp (TPE:2426) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
No. 15, Kezhong Road, Zhunan Township, Hsinchu Science Park, Miaulih, TWN
Tyntek Corp is engaged in research and development, manufacturing, and sales of relevant products, including gallium arsenide, infrared, light-emitting diodes, laser diodes, phototransistors, photodiodes, single crystal and epitaxy, crystal grains, optoelectronic systems, radio transmitters, and other electrical devices that can generate radio radiant energy.

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