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Jinan Acetate Chemical Co (TPE:4763) Cyclically Adjusted Book per Share : NT$40.95 (As of Mar. 2025)


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What is Jinan Acetate Chemical 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.

Jinan Acetate Chemical Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$188.191. 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$40.95 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Jinan Acetate Chemical Co's average Cyclically Adjusted Book Growth Rate was 51.00% 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 (2025-05-28), Jinan Acetate Chemical Co's current stock price is NT$846.00. Jinan Acetate Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$40.95. Jinan Acetate Chemical Co's Cyclically Adjusted PB Ratio of today is 20.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Jinan Acetate Chemical Co was 37.15. The lowest was 18.63. And the median was 25.89.


Jinan Acetate Chemical Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Jinan Acetate Chemical 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.

Jinan Acetate Chemical Co Cyclically Adjusted Book per Share Chart

Jinan Acetate Chemical Co 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 - - - 23.88 37.11

Jinan Acetate Chemical Co 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 27.12 30.47 33.50 37.11 40.95

Competitive Comparison of Jinan Acetate Chemical Co's Cyclically Adjusted Book per Share

For the Chemicals subindustry, Jinan Acetate Chemical 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.


Jinan Acetate Chemical Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jinan Acetate Chemical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Jinan Acetate Chemical Co's Cyclically Adjusted PB Ratio falls into.


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Jinan Acetate Chemical 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, Jinan Acetate Chemical Co'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)
=188.191/115.1156*115.1156
=188.191

Current CPI (Mar. 2025) = 115.1156.

Jinan Acetate Chemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 12.206 99.500 14.122
201509 13.704 100.500 15.697
201512 17.562 100.600 20.096
201603 18.269 102.200 20.578
201606 15.946 101.400 18.103
201609 16.168 102.400 18.176
201612 16.820 102.600 18.872
201703 16.803 103.200 18.743
201706 14.674 103.100 16.384
201709 14.956 104.100 16.539
201712 16.054 104.500 17.685
201803 17.334 105.300 18.950
201806 14.638 104.900 16.064
201809 14.745 106.600 15.923
201812 15.170 106.500 16.397
201903 16.317 107.700 17.440
201906 14.461 107.700 15.457
201909 15.048 109.800 15.776
201912 16.191 111.200 16.761
202003 17.199 112.300 17.630
202006 15.017 110.400 15.658
202009 16.342 111.700 16.842
202012 19.366 111.500 19.994
202103 20.250 112.662 20.691
202106 17.896 111.769 18.432
202109 19.163 112.215 19.658
202112 19.858 113.108 20.211
202203 25.917 114.335 26.094
202206 24.460 114.558 24.579
202209 31.745 115.339 31.684
202212 37.775 115.116 37.775
202303 44.863 115.116 44.863
202306 50.649 114.558 50.896
202309 85.492 115.339 85.327
202312 103.261 114.781 103.562
202403 126.507 115.227 126.385
202406 139.499 114.781 139.906
202409 138.497 115.785 137.697
202412 163.995 114.893 164.313
202503 188.191 115.116 188.191

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


Jinan Acetate Chemical Co  (TPE:4763) 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.

Jinan Acetate Chemical Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=846.00/40.95
=20.66

* 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 Jinan Acetate Chemical Co was 37.15. The lowest was 18.63. And the median was 25.89.


Be Aware

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


Jinan Acetate Chemical Co Cyclically Adjusted Book per Share Related Terms

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


Jinan Acetate Chemical Co Business Description

Traded in Other Exchanges
N/A
Address
No.9 of Taixing East Street, Jiyang County, Shandong Province, Jinan, CHN
Jinan Acetate Chemical Co Ltd is a chemical company based in China. The company is engaged in the manufacturing and sales of cellulose acetate products. It derives a majority of its revenue from Cellulose acetate tow products. Geographically, it generates maximum revenue from Asia and also has a presence in America, Africa, and Other Countries.

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