Arcadyan Technology (TPE:3596) Cyclically Adjusted Book per Share : NT$58.52 (As of Mar. 2024)

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What is Arcadyan Technology 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.

Arcadyan Technology's adjusted book value per share for the three months ended in Mar. 2024 was NT$63.497. 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$58.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Arcadyan Technology's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.00% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Arcadyan Technology was 9.00% per year. The lowest was 8.20% per year. And the median was 8.60% per year.

As of today (2024-06-20), Arcadyan Technology's current stock price is NT$162.50. Arcadyan Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$58.52. Arcadyan Technology's Cyclically Adjusted PB Ratio of today is 2.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Arcadyan Technology was 3.48. The lowest was 1.46. And the median was 2.20.

Arcadyan Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for Arcadyan Technology'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.

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Arcadyan Technology Cyclically Adjusted Book per Share Chart

Arcadyan Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted Book per Share

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42.34

44.06

48.83

53.63

57.12

Arcadyan Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted Book per Share	Get a 7-Day Free Trial															54.88	55.87	56.83	57.12	58.52

Competitive Comparison of Arcadyan Technology's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Arcadyan Technology'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.

Arcadyan Technology's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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

Arcadyan Technology Cyclically Adjusted Book per Share Calculation

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, Arcadyan Technology's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	63.497	/	131.7762	*	131.7762
	=	63.497

Current CPI (Mar. 2024) = 131.7762.

Arcadyan Technology Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	36.137	100.560	47.355
201409	37.182	100.428	48.788
201412	39.625	99.070	52.707
201503	39.103	99.621	51.724
201506	37.141	100.684	48.611
201509	38.955	100.392	51.133
201512	40.232	99.792	53.126
201603	41.300	100.470	54.169
201606	42.760	101.688	55.412
201609	44.252	101.861	57.248
201612	45.357	101.863	58.677
201703	45.195	102.862	57.899
201706	42.447	103.349	54.122
201709	43.646	104.136	55.231
201712	44.326	104.011	56.159
201803	45.206	105.290	56.578
201806	44.965	106.317	55.733
201809	45.981	106.507	56.890
201812	46.161	105.998	57.387
201903	48.187	107.251	59.206
201906	46.885	108.070	57.170
201909	48.687	108.329	59.225
201912	52.292	108.420	63.557
202003	49.325	108.902	59.686
202006	50.760	108.767	61.498
202009	53.333	109.815	63.999
202012	55.705	109.897	66.795
202103	51.490	111.754	60.715
202106	53.171	114.631	61.123
202109	55.639	115.734	63.351
202112	58.460	117.630	65.491
202203	54.403	121.301	59.101
202206	57.140	125.017	60.229
202209	60.508	125.227	63.673
202212	62.659	125.222	65.939
202303	58.396	127.348	60.427
202306	61.403	128.729	62.857
202309	64.821	129.860	65.778
202312	67.174	129.419	68.397
202403	63.497	131.776	63.497

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

Arcadyan Technology (TPE:3596) 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.

Arcadyan Technology's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	162.50	/	58.52
	=	2.78

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Arcadyan Technology was 3.48. The lowest was 1.46. And the median was 2.20.

Be Aware

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

Arcadyan Technology Cyclically Adjusted Book per Share Related Terms

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

Arcadyan Technology (TPE:3596) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arcadyan Technology Corp (TPE:3596) » Definitions » Cyclically Adjusted Book per Share

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Traded in Other Exchanges

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Address

No.8, Sec.2, Guangfu Road, Hsinchu, TWN, 30071

Website

https://www.arcadyan.com

Arcadyan Technology Corp is engaged in the research, development, manufacture, and distribution of wireless local area network products, integrated access devices, digital home multimedia appliances, mobile broadband products, and wireless products. The company's products include digital subscriber line customer premises equipment (DSL CPE), fiber-to-the-x (FTTx) equipment, mobile broadband equipment, set-top boxes, and others. Its products are sold world wide, and it has research and development centers and technical support centers in regions such as Taiwan, China, and the United States. In addition, the group also provides technical consultations and after-sales services.

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