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Kee Tai Properties Co (TPE:2538) Cyclically Adjusted Book per Share : NT$18.80 (As of Mar. 2025)


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What is Kee Tai Properties 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.

Kee Tai Properties Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$13.329. 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$18.80 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Kee Tai Properties Co's average Cyclically Adjusted Book Growth Rate was -2.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.80% 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 Kee Tai Properties Co was 2.90% per year. The lowest was 0.80% per year. And the median was 2.55% per year.

As of today (2025-07-17), Kee Tai Properties Co's current stock price is NT$12.95. Kee Tai Properties Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$18.80. Kee Tai Properties Co's Cyclically Adjusted PB Ratio of today is 0.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kee Tai Properties Co was 1.12. The lowest was 0.46. And the median was 0.67.


Kee Tai Properties Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kee Tai Properties 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.

Kee Tai Properties Co Cyclically Adjusted Book per Share Chart

Kee Tai Properties 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 17.57 18.42 19.04 19.15 18.84

Kee Tai Properties 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 19.33 19.23 19.06 18.84 18.80

Competitive Comparison of Kee Tai Properties Co's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Kee Tai Properties 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.


Kee Tai Properties Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

* The bar in red indicates where Kee Tai Properties Co's Cyclically Adjusted PB Ratio falls into.


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Kee Tai Properties 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, Kee Tai Properties 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)
=13.329/134.9266*134.9266
=13.329

Current CPI (Mar. 2025) = 134.9266.

Kee Tai Properties Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 19.888 100.684 26.652
201509 20.632 100.392 27.729
201512 19.848 99.792 26.836
201603 19.799 100.470 26.589
201606 18.304 101.688 24.287
201609 18.050 101.861 23.909
201612 17.999 101.863 23.841
201703 17.746 102.862 23.278
201706 16.850 103.349 21.998
201709 16.979 104.136 21.999
201712 17.016 104.011 22.074
201803 17.154 105.290 21.983
201806 16.452 106.317 20.879
201809 16.321 106.507 20.676
201812 16.396 105.998 20.871
201903 16.548 107.251 20.818
201906 15.891 108.070 19.840
201909 15.842 108.329 19.732
201912 15.079 108.420 18.766
202003 15.106 108.902 18.716
202006 14.386 108.767 17.846
202009 14.240 109.815 17.496
202012 14.134 109.897 17.353
202103 14.159 111.754 17.095
202106 13.837 114.631 16.287
202109 13.291 115.734 15.495
202112 13.281 117.630 15.234
202203 13.396 121.301 14.901
202206 13.054 125.017 14.089
202209 13.327 125.227 14.359
202212 13.092 125.222 14.107
202303 14.510 127.348 15.374
202306 14.049 128.729 14.725
202309 13.881 129.860 14.423
202312 13.516 129.419 14.091
202403 13.796 131.776 14.126
202406 13.171 132.554 13.407
202409 13.062 133.029 13.248
202412 13.322 133.157 13.499
202503 13.329 134.927 13.329

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


Kee Tai Properties Co  (TPE:2538) 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.

Kee Tai Properties Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.95/18.80
=0.69

* 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 Kee Tai Properties Co was 1.12. The lowest was 0.46. And the median was 0.67.


Be Aware

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


Kee Tai Properties Co Cyclically Adjusted Book per Share Related Terms

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


Kee Tai Properties Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
Herngyang Road, 10th Floor, No. 51, Zhongzheng District, Taipei, TWN, 100504
Kee Tai Properties Co Ltd is engaged in real estate activities. It develops, sells, and leases residential and commercial buildings, and is also involved in the clearance of construction waste. Geographically, the company's activities are carried out in Taiwan.

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