GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eastech Holding Ltd (TPE:5225) » Definitions » Cyclically Adjusted Book per Share

Eastech Holding (TPE:5225) Cyclically Adjusted Book per Share : NT$32.70 (As of Mar. 2024)


View and export this data going back to 2012. Start your Free Trial

What is Eastech Holding 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.

Eastech Holding's adjusted book value per share for the three months ended in Mar. 2024 was NT$36.787. 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$32.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Eastech Holding's average Cyclically Adjusted Book Growth Rate was 3.80% 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.

As of today (2024-06-15), Eastech Holding's current stock price is NT$109.50. Eastech Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$32.70. Eastech Holding's Cyclically Adjusted PB Ratio of today is 3.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Eastech Holding was 3.78. The lowest was 0.67. And the median was 1.33.


Eastech Holding Cyclically Adjusted Book per Share Historical Data

The historical data trend for Eastech Holding'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.

Eastech Holding Cyclically Adjusted Book per Share Chart

Eastech Holding 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 - - - 30.93 32.19

Eastech Holding 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 31.51 31.95 32.29 32.19 32.70

Competitive Comparison of Eastech Holding's Cyclically Adjusted Book per Share

For the Consumer Electronics subindustry, Eastech Holding'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.


Eastech Holding's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Eastech Holding 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, Eastech Holding'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)
=36.787/131.7762*131.7762
=36.787

Current CPI (Mar. 2024) = 131.7762.

Eastech Holding Quarterly Data

Book Value per Share CPI Adj_Book
201406 26.145 100.560 34.261
201409 28.339 100.428 37.185
201412 30.348 99.070 40.367
201503 30.017 99.621 39.706
201506 24.931 100.684 32.630
201509 27.723 100.392 36.390
201512 27.352 99.792 36.118
201603 27.308 100.470 35.817
201606 23.355 101.688 30.265
201609 24.037 101.861 31.096
201612 24.261 101.863 31.386
201703 22.742 102.862 29.135
201706 21.704 103.349 27.674
201709 23.637 104.136 29.911
201712 25.020 104.011 31.699
201803 24.760 105.290 30.989
201806 23.636 106.317 29.296
201809 26.303 106.507 32.544
201812 27.671 105.998 34.400
201903 29.067 107.251 35.714
201906 28.843 108.070 35.170
201909 31.656 108.329 38.508
201912 30.670 108.420 37.277
202003 25.804 108.902 31.224
202006 23.873 108.767 28.923
202009 24.029 109.815 28.834
202012 19.373 109.897 23.230
202103 17.206 111.754 20.289
202106 17.468 114.631 20.081
202109 19.240 115.734 21.907
202112 27.273 117.630 30.553
202203 27.643 121.301 30.030
202206 29.404 125.017 30.994
202209 35.509 125.227 37.366
202212 35.843 125.222 37.719
202303 33.363 127.348 34.523
202306 35.834 128.729 36.682
202309 40.002 129.860 40.592
202312 39.950 129.419 40.678
202403 36.787 131.776 36.787

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


Eastech Holding  (TPE:5225) 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.

Eastech Holding's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=109.50/32.7
=3.35

* 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 Eastech Holding was 3.78. The lowest was 0.67. And the median was 1.33.


Be Aware

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


Eastech Holding Cyclically Adjusted Book per Share Related Terms

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


Eastech Holding (TPE:5225) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8F-1, No. 188, Baoqiao Road, Xindian District, New Taipei City, TWN, 23145
Eastech Holding Ltd is engaged in the design and manufacturing of acoustics, electronics, hardware, software, and systems engineering. Its transducers catalog covers standard design transducers, headphones and earphone transducers, scan-speak designed transducers, and others. The company offered products have applications in voice control products, Bluetooth systems, Wi-Fi systems, multi-channel sound systems, soundbar systems, active and passive speakers, home speakers, and headphones, among others. Geographically, the company operates in South Korea, Japan, China, Sweden, Denmark, and others and it derives a majority of its revenue from South Korea.

Eastech Holding (TPE:5225) Headlines

No Headlines