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HTC (TPE:2498) Cyclically Adjusted Book per Share : NT$58.66 (As of Dec. 2024)


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What is HTC 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.

HTC's adjusted book value per share for the three months ended in Dec. 2024 was NT$25.708. 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$58.66 for the trailing ten years ended in Dec. 2024.

During the past 12 months, HTC's average Cyclically Adjusted Book Growth Rate was -12.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -7.20% 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 HTC was -3.70% per year. The lowest was -9.20% per year. And the median was -5.95% per year.

As of today (2025-04-26), HTC's current stock price is NT$38.00. HTC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was NT$58.66. HTC's Cyclically Adjusted PB Ratio of today is 0.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of HTC was 1.14. The lowest was 0.32. And the median was 0.63.


HTC Cyclically Adjusted Book per Share Historical Data

The historical data trend for HTC'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.

HTC Cyclically Adjusted Book per Share Chart

HTC 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 82.35 78.47 73.86 66.72 58.66

HTC Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 66.72 65.56 63.50 61.22 58.66

Competitive Comparison of HTC's Cyclically Adjusted Book per Share

For the Consumer Electronics subindustry, HTC'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.


HTC's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=25.708/133.1571*133.1571
=25.708

Current CPI (Dec. 2024) = 133.1571.

HTC Quarterly Data

Book Value per Share CPI Adj_Book
201503 96.245 99.621 128.644
201506 86.303 100.684 114.138
201509 83.443 100.392 110.677
201512 78.274 99.792 104.444
201603 74.611 100.470 98.885
201606 70.518 101.688 92.341
201609 66.800 101.861 87.324
201612 62.982 101.863 82.331
201703 58.429 102.862 75.637
201706 56.714 103.349 73.071
201709 53.376 104.136 68.251
201712 41.051 104.011 52.554
201803 66.524 105.290 84.131
201806 64.305 106.317 80.539
201809 60.640 106.507 75.814
201812 55.164 105.998 69.298
201903 52.923 107.251 65.707
201906 49.866 108.070 61.442
201909 45.944 108.329 56.474
201912 42.566 108.420 52.278
202003 40.244 108.902 49.208
202006 39.170 108.767 47.953
202009 37.780 109.815 45.810
202012 36.507 109.897 44.234
202103 35.379 111.754 42.155
202106 34.424 114.631 39.987
202109 33.693 115.734 38.765
202112 33.017 117.630 37.375
202203 33.076 121.301 36.309
202206 32.435 125.017 34.547
202209 32.378 125.227 34.429
202212 30.812 125.222 32.765
202303 30.394 127.348 31.781
202306 30.176 128.729 31.214
202309 29.377 129.860 30.123
202312 27.409 129.419 28.201
202403 27.875 131.776 28.167
202406 27.156 132.554 27.280
202409 26.365 133.029 26.390
202412 25.708 133.157 25.708

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


HTC  (TPE:2498) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.00/58.66
=0.65

* 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 HTC was 1.14. The lowest was 0.32. And the median was 0.63.


Be Aware

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


HTC Cyclically Adjusted Book per Share Related Terms

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


HTC Business Description

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No. 23, Xinghua Road, Taoyuan District, Taoyuan, TWN, 330
HTC Corporation is a Taiwanese consumer electronics company. The company is engaged in designing, manufacturing, assembling, processing, and selling smart mobile and virtual reality devices and after-sales services. Its products include smartphones, tablets, cameras, wearable fitness devices, Blockchain phones, Vive, and virtual reality headsets. The company's operations are mainly in the research, design, manufacture and sale of virtual reality devices and smart mobile devices, which accounts for majority of the total revenue.

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