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Pegatron (TPE:4938) Cyclically Adjusted Book per Share : NT$69.09 (As of Dec. 2023)


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What is Pegatron 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.

Pegatron's adjusted book value per share for the three months ended in Dec. 2023 was NT$70.865. 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$69.09 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Pegatron's average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.50% 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 Pegatron was 7.50% per year. The lowest was 6.70% per year. And the median was 7.10% per year.

As of today (2024-04-29), Pegatron's current stock price is NT$98.50. Pegatron's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was NT$69.09. Pegatron's Cyclically Adjusted PB Ratio of today is 1.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pegatron was 1.48. The lowest was 0.86. And the median was 1.15.


Pegatron Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pegatron'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.

Pegatron Cyclically Adjusted Book per Share Chart

Pegatron 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 54.26 55.64 60.70 65.83 69.09

Pegatron Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 65.83 67.15 68.14 69.07 69.09

Competitive Comparison of Pegatron's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Pegatron'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.


Pegatron's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Pegatron 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, Pegatron's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=70.865/129.4194*129.4194
=70.865

Current CPI (Dec. 2023) = 129.4194.

Pegatron Quarterly Data

Book Value per Share CPI Adj_Book
201403 49.053 99.695 63.679
201406 46.232 100.560 59.500
201409 49.727 100.428 64.082
201412 56.464 99.070 73.762
201503 56.403 99.621 73.274
201506 52.831 100.684 67.909
201509 55.708 100.392 71.816
201512 57.771 99.792 74.922
201603 58.081 100.470 74.816
201606 54.617 101.688 69.512
201609 55.466 101.861 70.472
201612 57.577 101.863 73.153
201703 56.953 102.862 71.657
201706 53.949 103.349 67.558
201709 54.767 104.136 68.064
201712 55.842 104.011 69.483
201803 56.365 105.290 69.283
201806 55.009 106.317 66.962
201809 55.843 106.507 67.856
201812 57.441 105.998 70.133
201903 58.338 107.251 70.397
201906 56.361 108.070 67.496
201909 58.492 108.329 69.879
201912 60.390 108.420 72.087
202003 56.630 108.902 67.300
202006 58.602 108.767 69.729
202009 60.917 109.815 71.792
202012 61.060 109.897 71.907
202103 57.483 111.754 66.569
202106 58.512 114.631 66.060
202109 59.441 115.734 66.470
202112 62.425 117.630 68.682
202203 60.181 121.301 64.209
202206 62.765 125.017 64.975
202209 68.300 125.227 70.587
202212 68.408 125.222 70.701
202303 65.443 127.348 66.508
202306 67.467 128.729 67.829
202309 71.903 129.860 71.659
202312 70.865 129.419 70.865

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


Pegatron  (TPE:4938) 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.

Pegatron's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=98.50/69.09
=1.43

* 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 Pegatron was 1.48. The lowest was 0.86. And the median was 1.15.


Be Aware

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


Pegatron Cyclically Adjusted Book per Share Related Terms

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


Pegatron (TPE:4938) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pegatron Corp (TPE:4938) » Definitions » Cyclically Adjusted Book per Share
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Address
No. 96, Ligong Street, 5th Floor, Beitou District, Taipei, TWN, 112
Pegatron Corp is engaged in manufacturing of wide range of technology products including primarily, 1) computing devices: notebook PC, desktop PC and motherboard, 2) consumer electronics: tablet devices, game consoles, LCV TV and multimedia player and 3) communication device: smartphone, broadband and networking device.

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