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Far EasTone Telecommunications Co (TPE:4904) Cyclically Adjusted Book per Share : NT$25.07 (As of Mar. 2024)


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What is Far EasTone Telecommunications 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.

Far EasTone Telecommunications Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$25.756. 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$25.07 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.70% 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 Far EasTone Telecommunications Co was 2.70% per year. The lowest was 1.10% per year. And the median was 2.30% per year.

As of today (2024-05-16), Far EasTone Telecommunications Co's current stock price is NT$82.90. Far EasTone Telecommunications Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$25.07. Far EasTone Telecommunications Co's Cyclically Adjusted PB Ratio of today is 3.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Far EasTone Telecommunications Co was 3.39. The lowest was 2.51. And the median was 2.83.


Far EasTone Telecommunications Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Far EasTone Telecommunications 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.

Far EasTone Telecommunications Co Cyclically Adjusted Book per Share Chart

Far EasTone Telecommunications 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 23.44 23.39 24.39 25.07 25.19

Far EasTone Telecommunications Co 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 - 25.42 25.40 25.19 25.07

Competitive Comparison of Far EasTone Telecommunications Co's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Far EasTone Telecommunications 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.


Far EasTone Telecommunications Co's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Far EasTone Telecommunications Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Far EasTone Telecommunications Co's Cyclically Adjusted PB Ratio falls into.



Far EasTone Telecommunications 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, Far EasTone Telecommunications Co'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)
=25.756/131.7762*131.7762
=25.756

Current CPI (Mar. 2024) = 131.7762.

Far EasTone Telecommunications Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.797 100.560 27.253
201409 21.674 100.428 28.440
201412 22.326 99.070 29.697
201503 23.250 99.621 30.754
201506 20.468 100.684 26.789
201509 21.431 100.392 28.131
201512 22.067 99.792 29.140
201603 22.969 100.470 30.126
201606 20.143 101.688 26.103
201609 21.127 101.861 27.332
201612 21.791 101.863 28.190
201703 22.669 102.862 29.041
201706 19.827 103.349 25.281
201709 20.707 104.136 26.203
201712 21.408 104.011 27.123
201803 24.109 105.290 30.174
201806 21.181 106.317 26.253
201809 21.994 106.507 27.212
201812 22.500 105.998 27.972
201903 23.159 107.251 28.455
201906 20.074 108.070 24.478
201909 20.749 108.329 25.240
201912 21.410 108.420 26.022
202003 22.073 108.902 26.709
202006 19.469 108.767 23.588
202009 20.095 109.815 24.114
202012 20.658 109.897 24.771
202103 21.215 111.754 25.016
202106 18.568 114.631 21.345
202109 19.335 115.734 22.015
202112 19.989 117.630 22.393
202203 20.496 121.301 22.266
202206 18.034 125.017 19.009
202209 18.672 125.227 19.649
202212 19.416 125.222 20.432
202303 0.000 127.348 0.000
202306 17.881 128.729 18.304
202309 18.702 129.860 18.978
202312 24.955 129.419 25.409
202403 25.756 131.776 25.756

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


Far EasTone Telecommunications Co  (TPE:4904) 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.

Far EasTone Telecommunications Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=82.90/25.07
=3.31

* 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 Far EasTone Telecommunications Co was 3.39. The lowest was 2.51. And the median was 2.83.


Be Aware

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


Far EasTone Telecommunications Co Cyclically Adjusted Book per Share Related Terms

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


Far EasTone Telecommunications Co (TPE:4904) Business Description

Traded in Other Exchanges
N/A
Address
No. 207, Tun-Hwa South Road, 28th Floor, Section 2, Taipei, TWN
Far EasTone Telecommunications Co Ltd is a telecommunications company. It provides mobile telecommunications services (including voice and internet services), international simple resale services, digital value-added services, sale of cellular phone equipment and accessories and enterprise information and communication integration services, etc. The company operating segments are Mobile services business, Fixed-line services business, Sales business. The company generates the vast majority of its revenue in Taiwan.

Far EasTone Telecommunications Co (TPE:4904) Headlines

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