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Aerospace Industrial Development (TPE:2634) Cyclically Adjusted Book per Share : NT$17.93 (As of Mar. 2025)


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What is Aerospace Industrial Development 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.

Aerospace Industrial Development's adjusted book value per share for the three months ended in Mar. 2025 was NT$19.651. 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$17.93 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Aerospace Industrial Development's average Cyclically Adjusted Book Growth Rate was -100.00% 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.

As of today (2025-05-13), Aerospace Industrial Development's current stock price is NT$46.95. Aerospace Industrial Development's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$17.93. Aerospace Industrial Development's Cyclically Adjusted PB Ratio of today is 2.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aerospace Industrial Development was 3.95. The lowest was 1.99. And the median was 2.86.


Aerospace Industrial Development Cyclically Adjusted Book per Share Historical Data

The historical data trend for Aerospace Industrial Development'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.

Aerospace Industrial Development Cyclically Adjusted Book per Share Chart

Aerospace Industrial Development 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 - - 15.60 16.68 17.59

Aerospace Industrial Development 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 17.04 17.27 17.46 17.59 17.93

Competitive Comparison of Aerospace Industrial Development's Cyclically Adjusted Book per Share

For the Aerospace & Defense subindustry, Aerospace Industrial Development'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.


Aerospace Industrial Development's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Aerospace Industrial Development's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Aerospace Industrial Development 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, Aerospace Industrial Development'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)
=19.651/134.9266*134.9266
=19.651

Current CPI (Mar. 2025) = 134.9266.

Aerospace Industrial Development Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.952 100.684 14.677
201509 11.827 100.392 15.896
201512 12.238 99.792 16.547
201603 12.739 100.470 17.108
201606 12.046 101.688 15.983
201609 12.493 101.861 16.548
201612 13.123 101.863 17.383
201703 13.195 102.862 17.308
201706 12.687 103.349 16.563
201709 13.339 104.136 17.283
201712 13.912 104.011 18.047
201803 14.320 105.290 18.351
201806 13.865 106.317 17.596
201809 14.541 106.507 18.421
201812 15.006 105.998 19.101
201903 15.443 107.251 19.428
201906 14.567 108.070 18.187
201909 15.211 108.329 18.946
201912 15.632 108.420 19.454
202003 15.683 108.902 19.431
202006 14.739 108.767 18.284
202009 14.676 109.815 18.032
202012 14.826 109.897 18.203
202103 14.554 111.754 17.572
202106 14.947 114.631 17.593
202109 14.991 115.734 17.477
202112 15.209 117.630 17.445
202203 15.474 121.301 17.212
202206 15.817 125.017 17.071
202209 16.482 125.227 17.759
202212 16.810 125.222 18.113
202303 17.385 127.348 18.420
202306 17.164 128.729 17.990
202309 17.924 129.860 18.623
202312 18.155 129.419 18.928
202403 19.072 131.776 19.528
202406 18.283 132.554 18.610
202409 18.503 133.029 18.767
202412 19.372 133.157 19.629
202503 19.651 134.927 19.651

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


Aerospace Industrial Development  (TPE:2634) 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.

Aerospace Industrial Development's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=46.95/17.93
=2.62

* 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 Aerospace Industrial Development was 3.95. The lowest was 1.99. And the median was 2.86.


Be Aware

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


Aerospace Industrial Development Cyclically Adjusted Book per Share Related Terms

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


Aerospace Industrial Development Business Description

Traded in Other Exchanges
N/A
Address
No.1, Hanxiang Road, Xitun District, Taichung, TWN, 407803
Aerospace Industrial Development Corp is involved in the manufacturing and development of aerospace and defense products. The company's main business categories are as follows: design, manufacture, assembly, testing and maintenance of aircraft, engines, avionics and related components; consulting services and technology transfers of aerospace technology, logistical support and engineering technology management of large-scale projects; engineering and development of software and sales of aerospace products.

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