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Greatek Electronics (TPE:2441) Cyclically Adjusted Book per Share : NT$35.09 (As of Mar. 2024)


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What is Greatek Electronics 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.

Greatek Electronics's adjusted book value per share for the three months ended in Mar. 2024 was NT$40.003. 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$35.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Greatek Electronics'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 9.20% 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 Greatek Electronics was 9.20% per year. The lowest was 8.40% per year. And the median was 8.80% per year.

As of today (2024-05-22), Greatek Electronics's current stock price is NT$62.40. Greatek Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$35.09. Greatek Electronics's Cyclically Adjusted PB Ratio of today is 1.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Greatek Electronics was 3.41. The lowest was 1.40. And the median was 1.82.


Greatek Electronics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Greatek Electronics'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.

Greatek Electronics Cyclically Adjusted Book per Share Chart

Greatek Electronics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.39 26.27 29.25 32.32 34.21

Greatek Electronics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 32.98 33.57 34.09 34.21 35.09

Competitive Comparison of Greatek Electronics's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Greatek Electronics'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.


Greatek Electronics's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Greatek Electronics 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, Greatek Electronics'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)
=40.003/131.7762*131.7762
=40.003

Current CPI (Mar. 2024) = 131.7762.

Greatek Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.574 100.560 28.271
201409 22.649 100.428 29.719
201412 23.545 99.070 31.318
201503 24.419 99.621 32.301
201506 22.500 100.684 29.448
201509 23.377 100.392 30.685
201512 24.177 99.792 31.926
201603 25.110 100.470 32.934
201606 23.644 101.688 30.640
201609 24.667 101.861 31.911
201612 25.667 101.863 33.204
201703 26.720 102.862 34.231
201706 25.011 103.349 31.891
201709 26.192 104.136 33.144
201712 27.290 104.011 34.575
201803 28.565 105.290 35.751
201806 26.682 106.317 33.071
201809 27.840 106.507 34.445
201812 28.512 105.998 35.446
201903 29.135 107.251 35.797
201906 27.302 108.070 33.291
201909 28.380 108.329 34.523
201912 29.278 108.420 35.585
202003 30.161 108.902 36.496
202006 29.195 108.767 35.371
202009 30.279 109.815 36.334
202012 31.637 109.897 37.936
202103 33.387 111.754 39.369
202106 32.332 114.631 37.168
202109 34.678 115.734 39.485
202112 36.618 117.630 41.022
202203 38.620 121.301 41.955
202206 35.405 125.017 37.319
202209 36.263 125.227 38.160
202212 36.751 125.222 38.675
202303 37.622 127.348 38.930
202306 35.259 128.729 36.094
202309 36.231 129.860 36.766
202312 37.849 129.419 38.538
202403 40.003 131.776 40.003

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


Greatek Electronics  (TPE:2441) 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.

Greatek Electronics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=62.40/35.09
=1.78

* 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 Greatek Electronics was 3.41. The lowest was 1.40. And the median was 1.82.


Be Aware

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


Greatek Electronics Cyclically Adjusted Book per Share Related Terms

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


Greatek Electronics (TPE:2441) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No.136 Gongyi Road, Zhunan Town, Miaoli County, Miaoli, TWN
Greatek Electronics Inc is engaged in assembling, packaging, and testing semiconductors. The firm operates in two main segments: assembly services and testing services. Over half of revenue comes from the assembly services segment. The assembly services segment provides lead-frame bases for conductors, produces copper wires, and builds semiconductors through contract agreements. The testing services segment runs experiments and completes final tests of semiconductors. The majority of Greatek's revenue is made in Taiwan.

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