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Ta-I Technology Co (TPE:2478) Cyclically Adjusted Book per Share : NT$48.01 (As of Mar. 2025)


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What is Ta-I Technology 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.

Ta-I Technology Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$49.170. 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$48.01 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ta-I Technology Co's average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.50% 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 Ta-I Technology Co was 5.50% per year. The lowest was 3.80% per year. And the median was 5.00% per year.

As of today (2025-05-29), Ta-I Technology Co's current stock price is NT$46.10. Ta-I Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$48.01. Ta-I Technology Co's Cyclically Adjusted PB Ratio of today is 0.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ta-I Technology Co was 2.23. The lowest was 0.84. And the median was 1.11.


Ta-I Technology Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ta-I Technology 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.

Ta-I Technology Co Cyclically Adjusted Book per Share Chart

Ta-I Technology 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 39.50 42.41 45.18 46.43 47.44

Ta-I Technology 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 47.22 47.39 47.49 47.44 48.01

Competitive Comparison of Ta-I Technology Co's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Ta-I Technology 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.


Ta-I Technology Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

* The bar in red indicates where Ta-I Technology Co's Cyclically Adjusted PB Ratio falls into.


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Ta-I Technology 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, Ta-I Technology 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)
=49.17/134.9266*134.9266
=49.170

Current CPI (Mar. 2025) = 134.9266.

Ta-I Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 37.581 100.684 50.362
201509 39.252 100.392 52.755
201512 39.271 99.792 53.097
201603 39.466 100.470 53.001
201606 39.039 101.688 51.800
201609 33.009 101.861 43.724
201612 33.223 101.863 44.007
201703 32.242 102.862 42.293
201706 32.176 103.349 42.007
201709 32.733 104.136 42.412
201712 33.280 104.011 43.172
201803 33.836 105.290 43.360
201806 35.174 106.317 44.639
201809 39.242 106.507 49.713
201812 41.547 105.998 52.886
201903 42.461 107.251 53.418
201906 39.484 108.070 49.296
201909 36.396 108.329 45.332
201912 36.743 108.420 45.726
202003 38.256 108.902 47.398
202006 37.890 108.767 47.003
202009 39.264 109.815 48.243
202012 40.403 109.897 49.605
202103 42.125 111.754 50.860
202106 43.918 114.631 51.694
202109 42.659 115.734 49.733
202112 44.095 117.630 50.579
202203 46.534 121.301 51.761
202206 43.656 125.017 47.117
202209 44.923 125.227 48.403
202212 44.858 125.222 48.335
202303 45.497 127.348 48.205
202306 43.726 128.729 45.831
202309 45.184 129.860 46.947
202312 45.015 129.419 46.931
202403 46.363 131.776 47.471
202406 45.900 132.554 46.722
202409 46.582 133.029 47.247
202412 47.413 133.157 48.043
202503 49.170 134.927 49.170

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


Ta-I Technology Co  (TPE:2478) 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.

Ta-I Technology Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=46.10/48.01
=0.96

* 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 Ta-I Technology Co was 2.23. The lowest was 0.84. And the median was 1.11.


Be Aware

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


Ta-I Technology Co Cyclically Adjusted Book per Share Related Terms

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


Ta-I Technology Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
Lane 470, Section 2, Nanshan Road, 1st Floor, No. 26, Shanbi Village, Luzhu District, Taoyuan, TWN
Ta-I Technology Co Ltd manufactures chip resistors in Taiwan. Its product portfolio comprises thick film resistors, chip resistor arrays, sensing chip resistors, over voltage protection products and temperature sensitive resistors. Geographically, the business activities are carried out through Taiwan.

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