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Nuvoton Technology (TPE:4919) Cyclically Adjusted Book per Share : NT$27.40 (As of Mar. 2024)


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What is Nuvoton 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.

Nuvoton Technology's adjusted book value per share for the three months ended in Mar. 2024 was NT$37.776. 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$27.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nuvoton Technology's average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.00% 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 Nuvoton Technology was 16.00% per year. The lowest was 14.60% per year. And the median was 15.30% per year.

As of today (2024-05-21), Nuvoton Technology's current stock price is NT$127.00. Nuvoton Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$27.40. Nuvoton Technology's Cyclically Adjusted PB Ratio of today is 4.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nuvoton Technology was 8.94. The lowest was 1.82. And the median was 4.94.


Nuvoton Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nuvoton 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.

* Premium members only.

Nuvoton Technology Cyclically Adjusted Book per Share Chart

Nuvoton Technology 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 15.63 16.93 20.07 23.50 26.41

Nuvoton 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 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 24.38 25.15 25.92 26.41 27.40

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

For the Semiconductors subindustry, Nuvoton 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.


Nuvoton Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Nuvoton Technology 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, Nuvoton 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)
=37.776/131.7762*131.7762
=37.776

Current CPI (Mar. 2024) = 131.7762.

Nuvoton Technology Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.645 100.560 16.570
201409 13.022 100.428 17.087
201412 13.232 99.070 17.600
201503 13.583 99.621 17.967
201506 13.188 100.684 17.261
201509 14.066 100.392 18.463
201512 14.175 99.792 18.718
201603 14.507 100.470 19.027
201606 14.309 101.688 18.543
201609 14.926 101.861 19.310
201612 15.341 101.863 19.846
201703 15.732 102.862 20.154
201706 14.943 103.349 19.053
201709 16.236 104.136 20.546
201712 16.633 104.011 21.073
201803 17.257 105.290 21.598
201806 15.868 106.317 19.668
201809 16.695 106.507 20.656
201812 16.957 105.998 21.081
201903 17.485 107.251 21.483
201906 15.725 108.070 19.175
201909 17.945 108.329 21.829
201912 25.101 108.420 30.508
202003 24.894 108.902 30.123
202006 24.881 108.767 30.144
202009 26.007 109.815 31.208
202012 30.645 109.897 36.746
202103 30.808 111.754 36.328
202106 34.280 114.631 39.407
202109 34.807 115.734 39.632
202112 37.283 117.630 41.767
202203 34.637 121.301 37.628
202206 36.395 125.017 38.363
202209 39.175 125.227 41.224
202212 41.847 125.222 44.037
202303 36.422 127.348 37.689
202306 36.476 128.729 37.340
202309 38.266 129.860 38.831
202312 39.858 129.419 40.584
202403 37.776 131.776 37.776

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


Nuvoton Technology  (TPE:4919) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=127.00/27.4
=4.64

* 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 Nuvoton Technology was 8.94. The lowest was 1.82. And the median was 4.94.


Be Aware

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


Nuvoton Technology Cyclically Adjusted Book per Share Related Terms

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


Nuvoton Technology (TPE:4919) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 4, Creation Road III, Hsinchu Science Park, Hsinchu, TWN, 300
Nuvoton Technology Corp focuses on the research and development, design, and sales of integrated circuits and wafers. It operates in two segments: General IC products and Foundry service. The company's product lines consist of Consumer Electronics Integrated Circuits (IC) and Computer IC. It also offers microcontrollers, microprocessors, audio, computer, and cloud computing IC applications. The vast majority of its revenue comes from the General IC segment.

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