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Taimide Tech (TPE:3645) Cyclically Adjusted Book per Share : NT$21.96 (As of Mar. 2024)


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What is Taimide Tech 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.

Taimide Tech's adjusted book value per share for the three months ended in Mar. 2024 was NT$21.452. 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$21.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Taimide Tech's average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.80% 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 Taimide Tech was 8.80% per year. The lowest was 8.50% per year. And the median was 8.65% per year.

As of today (2024-05-15), Taimide Tech's current stock price is NT$42.25. Taimide Tech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$21.96. Taimide Tech's Cyclically Adjusted PB Ratio of today is 1.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Taimide Tech was 4.17. The lowest was 1.43. And the median was 2.29.


Taimide Tech Cyclically Adjusted Book per Share Historical Data

The historical data trend for Taimide Tech'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.

Taimide Tech Cyclically Adjusted Book per Share Chart

Taimide Tech 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 16.27 16.98 19.03 20.80 21.87

Taimide Tech 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 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 21.25 21.58 21.87 21.87 21.96

Competitive Comparison of Taimide Tech's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Taimide Tech'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.


Taimide Tech's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Taimide Tech 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, Taimide Tech'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)
=21.452/129.4194*129.4194
=21.452

Current CPI (Mar. 2024) = 129.4194.

Taimide Tech Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.685 100.560 17.613
201409 14.401 100.428 18.558
201412 15.141 99.070 19.779
201503 15.580 99.621 20.240
201506 14.453 100.684 18.578
201509 15.174 100.392 19.562
201512 15.242 99.792 19.767
201603 14.908 100.470 19.204
201606 14.741 101.688 18.761
201609 15.803 101.861 20.078
201612 16.448 101.863 20.898
201703 16.982 102.862 21.366
201706 16.155 103.349 20.230
201709 16.948 104.136 21.063
201712 17.585 104.011 21.881
201803 18.312 105.290 22.509
201806 17.602 106.317 21.427
201809 18.658 106.507 22.672
201812 19.328 105.998 23.599
201903 19.493 107.251 23.522
201906 18.477 108.070 22.127
201909 18.790 108.329 22.448
201912 18.899 108.420 22.559
202003 19.290 108.902 22.924
202006 19.524 108.767 23.231
202009 20.593 109.815 24.269
202012 21.283 109.897 25.064
202103 21.987 111.754 25.462
202106 22.580 114.631 25.493
202109 21.735 115.734 24.305
202112 22.163 117.630 24.384
202203 23.134 121.301 24.682
202206 23.565 125.017 24.395
202209 23.122 125.227 23.896
202212 22.847 125.222 23.613
202303 22.067 127.348 22.426
202306 21.304 128.729 21.418
202309 21.863 129.860 21.789
202312 21.223 129.419 21.223
202403 21.452 129.419 21.452

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


Taimide Tech  (TPE:3645) 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.

Taimide Tech's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=42.25/21.96
=1.92

* 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 Taimide Tech was 4.17. The lowest was 1.43. And the median was 2.29.


Be Aware

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


Taimide Tech Cyclically Adjusted Book per Share Related Terms

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


Taimide Tech (TPE:3645) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taimide Tech Inc (TPE:3645) » Definitions » Cyclically Adjusted Book per Share
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Address
No. 127, Section 3, Wende Road, Xinpu Township, Hsinchu, TWN
Taimide Tech Inc is engaged in the research and development, manufacturing and sales of polyimide film (PI film) in Taiwan. It provides high modulus polyimide films, a low coefficient of thermal expansion polyimide films, and low dielectric constant polyimide films, among others.

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