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E. Sun Financial Holding Co (TPE:2884) Cyclically Adjusted Book per Share : NT$13.23 (As of Sep. 2024)


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What is E. Sun Financial Holding 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.

E. Sun Financial Holding Co's adjusted book value per share for the three months ended in Sep. 2024 was NT$15.464. 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$13.23 for the trailing ten years ended in Sep. 2024.

During the past 12 months, E. Sun Financial Holding Co's average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.70% 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 E. Sun Financial Holding Co was 10.70% per year. The lowest was 9.80% per year. And the median was 10.25% per year.

As of today (2025-03-04), E. Sun Financial Holding Co's current stock price is NT$29.45. E. Sun Financial Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was NT$13.23. E. Sun Financial Holding Co's Cyclically Adjusted PB Ratio of today is 2.23.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of E. Sun Financial Holding Co was 2.81. The lowest was 1.88. And the median was 2.24.


E. Sun Financial Holding Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for E. Sun Financial Holding 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.

E. Sun Financial Holding Co Cyclically Adjusted Book per Share Chart

E. Sun Financial Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.73 9.20 10.43 11.57 12.48

E. Sun Financial Holding Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 12.38 12.48 12.85 13.05 13.23

Competitive Comparison of E. Sun Financial Holding Co's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, E. Sun Financial Holding 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.


E. Sun Financial Holding Co's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, E. Sun Financial Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where E. Sun Financial Holding Co's Cyclically Adjusted PB Ratio falls into.



E. Sun Financial Holding 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, E. Sun Financial Holding Co's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=15.464/133.0289*133.0289
=15.464

Current CPI (Sep. 2024) = 133.0289.

E. Sun Financial Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 7.855 99.070 10.548
201503 8.038 99.621 10.734
201506 8.067 100.684 10.659
201509 8.382 100.392 11.107
201512 8.572 99.792 11.427
201603 8.753 100.470 11.590
201606 8.809 101.688 11.524
201609 8.995 101.861 11.747
201612 9.091 101.863 11.873
201703 9.362 102.862 12.108
201706 9.452 103.349 12.166
201709 9.640 104.136 12.315
201712 9.844 104.011 12.590
201803 10.214 105.290 12.905
201806 10.109 106.317 12.649
201809 10.344 106.507 12.920
201812 10.564 105.998 13.258
201903 11.009 107.251 13.655
201906 10.849 108.070 13.355
201909 11.138 108.329 13.678
201912 11.405 108.420 13.994
202003 11.644 108.902 14.224
202006 11.414 108.767 13.960
202009 11.636 109.815 14.096
202012 11.939 109.897 14.452
202103 12.328 111.754 14.675
202106 12.670 114.631 14.703
202109 12.450 115.734 14.310
202112 12.759 117.630 14.429
202203 12.895 121.301 14.142
202206 12.059 125.017 12.832
202209 12.164 125.227 12.922
202212 12.918 125.222 13.723
202303 13.429 127.348 14.028
202306 13.945 128.729 14.411
202309 14.303 129.860 14.652
202312 14.786 129.419 15.198
202403 15.362 131.776 15.508
202406 14.806 132.554 14.859
202409 15.464 133.029 15.464

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


E. Sun Financial Holding Co  (TPE:2884) 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.

E. Sun Financial Holding Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.45/13.23
=2.23

* 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 E. Sun Financial Holding Co was 2.81. The lowest was 1.88. And the median was 2.24.


Be Aware

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


E. Sun Financial Holding Co Cyclically Adjusted Book per Share Related Terms

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


E. Sun Financial Holding Co Business Description

Traded in Other Exchanges
N/A
Address
MinSheng East Road, 14th Floor, No.117 & 1st Floor No.115, Sector 3, Taipei, TWN, 10546
E. Sun Financial Holding Co Ltd provides financial services in Taiwan. The company through its subsidiaries, the group offers banking, securities, insurance, and venture capital services. The company has four reportable segments; Corporate banking unit, which handles corporate loans, foreign exchange business, and financial banking operations; Individual banking unit, which handles mortgage, unsecured personal loans (UPLs), wealth management, and credit cards; Overseas branches and subsidiaries, including overseas branches and subsidiaries' business; and Others, including other performance units except for the above operating segments. The company generates most of its revenue from Corporate and Individual Banking Units.

E. Sun Financial Holding Co Headlines

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