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Pacific Construction Co (TPE:2506) Cyclically Adjusted Book per Share : NT$22.23 (As of Mar. 2025)


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What is Pacific Construction 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.

Pacific Construction Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$20.751. 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$22.23 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Pacific Construction Co's average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.20% 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 Pacific Construction Co was 6.20% per year. The lowest was 5.00% per year. And the median was 5.60% per year.

As of today (2025-05-30), Pacific Construction Co's current stock price is NT$10.60. Pacific Construction Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$22.23. Pacific Construction Co's Cyclically Adjusted PB Ratio of today is 0.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pacific Construction Co was 0.70. The lowest was 0.42. And the median was 0.51.


Pacific Construction Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pacific Construction 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.

Pacific Construction Co Cyclically Adjusted Book per Share Chart

Pacific Construction 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 17.84 18.97 20.45 21.35 21.97

Pacific Construction 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 21.70 21.83 21.95 21.97 22.23

Competitive Comparison of Pacific Construction Co's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Pacific Construction 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.


Pacific Construction Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Pacific Construction Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Pacific Construction 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, Pacific Construction 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)
=20.751/134.9266*134.9266
=20.751

Current CPI (Mar. 2025) = 134.9266.

Pacific Construction Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.994 100.684 21.434
201509 17.477 100.392 23.489
201512 16.129 99.792 21.808
201603 16.082 100.470 21.597
201606 16.017 101.688 21.252
201609 17.597 101.861 23.309
201612 16.264 101.863 21.543
201703 16.446 102.862 21.573
201706 17.400 103.349 22.716
201709 17.401 104.136 22.546
201712 17.239 104.011 22.363
201803 19.028 105.290 24.384
201806 18.759 106.317 23.807
201809 18.809 106.507 23.828
201812 19.334 105.998 24.611
201903 19.360 107.251 24.356
201906 19.104 108.070 23.852
201909 19.078 108.329 23.762
201912 18.946 108.420 23.578
202003 18.708 108.902 23.179
202006 18.705 108.767 23.204
202009 18.487 109.815 22.714
202012 18.815 109.897 23.100
202103 19.252 111.754 23.244
202106 18.714 114.631 22.027
202109 18.704 115.734 21.806
202112 18.674 117.630 21.420
202203 18.379 121.301 20.443
202206 20.558 125.017 22.188
202209 20.462 125.227 22.047
202212 20.164 125.222 21.727
202303 20.144 127.348 21.343
202306 20.050 128.729 21.015
202309 20.393 129.860 21.189
202312 19.061 129.419 19.872
202403 18.143 131.776 18.577
202406 19.117 132.554 19.459
202409 22.149 133.029 22.465
202412 21.290 133.157 21.573
202503 20.751 134.927 20.751

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


Pacific Construction Co  (TPE:2506) 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.

Pacific Construction Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.60/22.23
=0.48

* 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 Pacific Construction Co was 0.70. The lowest was 0.42. And the median was 0.51.


Be Aware

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


Pacific Construction Co Cyclically Adjusted Book per Share Related Terms

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


Pacific Construction Co Business Description

Traded in Other Exchanges
N/A
Address
No. 495, Guangfu South Road, Xinyi District, Taipei, TWN, 110
Pacific Construction Co Ltd is engaged in the development and construction of real estate properties. Its primary businesses are contracting civil construction projects, land development and housing construction, housing and building development and rental, general department stores, real estate agency, agency sales, export business, etc. The company's operating segments include Construction, Leasing, Department Store Segment, and Property Management. It generates maximum revenue from the Construction segment. Geographically, it derives a majority of its revenue from Taiwan.

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