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Scientech (TPE:3583) Cyclically Adjusted Book per Share : NT$39.88 (As of Sep. 2024)


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What is Scientech 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.

Scientech's adjusted book value per share for the three months ended in Sep. 2024 was NT$58.754. 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$39.88 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Scientech's average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% 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 Scientech was 10.50% per year. The lowest was 10.50% per year. And the median was 10.50% per year.

As of today (2024-12-14), Scientech's current stock price is NT$413.00. Scientech's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was NT$39.88. Scientech's Cyclically Adjusted PB Ratio of today is 10.36.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Scientech was 12.24. The lowest was 1.81. And the median was 2.56.


Scientech Cyclically Adjusted Book per Share Historical Data

The historical data trend for Scientech'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.

Scientech Cyclically Adjusted Book per Share Chart

Scientech 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 - 27.34 30.67 34.11 36.93

Scientech 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 36.60 36.93 38.07 39.02 39.88

Competitive Comparison of Scientech's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Scientech'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.


Scientech's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Scientech 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, Scientech'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)
=58.754/133.0289*133.0289
=58.754

Current CPI (Sep. 2024) = 133.0289.

Scientech Quarterly Data

Book Value per Share CPI Adj_Book
201412 24.096 99.070 32.356
201503 24.185 99.621 32.295
201506 22.411 100.684 29.611
201509 22.485 100.392 29.795
201512 23.851 99.792 31.795
201603 24.826 100.470 32.871
201606 24.790 101.688 32.430
201609 25.393 101.861 33.163
201612 26.322 101.863 34.376
201703 26.376 102.862 34.111
201706 24.747 103.349 31.854
201709 26.443 104.136 33.780
201712 28.569 104.011 36.539
201803 28.466 105.290 35.966
201806 27.741 106.317 34.711
201809 29.623 106.507 37.000
201812 31.152 105.998 39.096
201903 32.357 107.251 40.134
201906 31.092 108.070 38.273
201909 32.194 108.329 39.534
201912 32.607 108.420 40.008
202003 30.654 108.902 37.445
202006 31.861 108.767 38.968
202009 33.087 109.815 40.081
202012 35.432 109.897 42.890
202103 33.780 111.754 40.211
202106 35.570 114.631 41.279
202109 37.180 115.734 42.736
202112 38.952 117.630 44.051
202203 38.642 121.301 42.378
202206 40.862 125.017 43.481
202209 42.926 125.227 45.601
202212 44.598 125.222 47.379
202303 43.186 127.348 45.113
202306 45.649 128.729 47.174
202309 47.896 129.860 49.065
202312 49.662 129.419 51.047
202403 50.177 131.776 50.654
202406 57.149 132.554 57.354
202409 58.754 133.029 58.754

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


Scientech  (TPE:3583) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=413.00/39.88
=10.36

* 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 Scientech was 12.24. The lowest was 1.81. And the median was 2.56.


Be Aware

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


Scientech Cyclically Adjusted Book per Share Related Terms

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


Scientech Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 208, Rueiguang Road, 11th floor, Neihu District, Taipei, TWN, 11491
Scientech Corp is engaged in the research and development, production, sales, and maintenance of process equipment for semiconductors, liquid crystal displays, light-emitting diodes, and solar power generation, wafer reclaim, and general import and export.

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