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Meiloon Industrial Co (TPE:2477) Cyclically Adjusted Book per Share : NT$26.09 (As of Mar. 2025)


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What is Meiloon Industrial 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.

Meiloon Industrial Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$26.820. 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$26.09 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Meiloon Industrial Co's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.30% 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 Meiloon Industrial Co was 7.90% per year. The lowest was 5.60% per year. And the median was 7.00% per year.

As of today (2025-05-30), Meiloon Industrial Co's current stock price is NT$20.75. Meiloon Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$26.09. Meiloon Industrial Co's Cyclically Adjusted PB Ratio of today is 0.80.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Meiloon Industrial Co was 2.56. The lowest was 0.75. And the median was 1.14.


Meiloon Industrial Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Meiloon Industrial 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.

Meiloon Industrial Co Cyclically Adjusted Book per Share Chart

Meiloon Industrial 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 19.69 21.77 23.92 24.74 25.67

Meiloon Industrial 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 25.11 25.34 25.54 25.67 26.09

Competitive Comparison of Meiloon Industrial Co's Cyclically Adjusted Book per Share

For the Consumer Electronics subindustry, Meiloon Industrial 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.


Meiloon Industrial Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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Meiloon Industrial 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, Meiloon Industrial 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)
=26.82/134.9266*134.9266
=26.820

Current CPI (Mar. 2025) = 134.9266.

Meiloon Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.991 100.684 21.430
201509 17.220 100.392 23.144
201512 17.514 99.792 23.680
201603 17.734 100.470 23.816
201606 16.562 101.688 21.976
201609 16.666 101.861 22.076
201612 17.405 101.863 23.055
201703 17.149 102.862 22.495
201706 17.739 103.349 23.159
201709 19.448 104.136 25.198
201712 19.894 104.011 25.807
201803 19.940 105.290 25.553
201806 18.683 106.317 23.711
201809 18.967 106.507 24.028
201812 19.398 105.998 24.692
201903 20.101 107.251 25.288
201906 19.653 108.070 24.537
201909 19.935 108.329 24.829
201912 20.471 108.420 25.476
202003 0.000 108.902 0.000
202006 18.637 108.767 23.119
202009 18.865 109.815 23.179
202012 19.247 109.897 23.631
202103 28.313 111.754 34.184
202106 28.939 114.631 34.063
202109 27.123 115.734 31.621
202112 27.245 117.630 31.251
202203 28.183 121.301 31.349
202206 26.808 125.017 28.933
202209 32.923 125.227 35.473
202212 25.557 125.222 27.538
202303 24.301 127.348 25.747
202306 24.710 128.729 25.900
202309 25.925 129.860 26.937
202312 24.897 129.419 25.956
202403 25.470 131.776 26.079
202406 26.393 132.554 26.865
202409 26.660 133.029 27.040
202412 27.577 133.157 27.943
202503 26.820 134.927 26.820

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


Meiloon Industrial Co  (TPE:2477) 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.

Meiloon Industrial Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.75/26.09
=0.80

* 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 Meiloon Industrial Co was 2.56. The lowest was 0.75. And the median was 1.14.


Be Aware

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


Meiloon Industrial Co Cyclically Adjusted Book per Share Related Terms

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


Meiloon Industrial Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
No 99, XingFu Road, Taoyuan District, Taoyuan, TWN, 33051
Meiloon Industrial Co Ltd designs and manufactures all types of visual and audio products. Its product line includes hi-fi home theater systems; car speakers and amplifiers; professional audio speakers; projectors and many others.

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