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Heran Co (TPE:5283) Cyclically Adjusted Book per Share : NT$52.74 (As of Mar. 2025)


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What is Heran 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.

Heran Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$59.654. 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$52.74 for the trailing ten years ended in Mar. 2025.

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 (2025-05-30), Heran Co's current stock price is NT$86.20. Heran Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$52.74. Heran Co's Cyclically Adjusted PB Ratio of today is 1.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Heran Co was 2.22. The lowest was 1.54. And the median was 2.07.


Heran Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Heran 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.

Heran Co Cyclically Adjusted Book per Share Chart

Heran 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 - - - - 51.07

Heran 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 - 48.98 50.05 51.07 52.74

Competitive Comparison of Heran Co's Cyclically Adjusted Book per Share

For the Consumer Electronics subindustry, Heran 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.


Heran Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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Heran 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, Heran 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)
=59.654/134.9266*134.9266
=59.654

Current CPI (Mar. 2025) = 134.9266.

Heran Co Quarterly Data

Book Value per Share CPI Adj_Book
201212 16.061 96.871 22.371
201306 16.238 98.518 22.239
201312 16.084 98.326 22.071
201406 17.098 100.560 22.941
201412 19.177 99.070 26.118
201506 21.189 100.684 28.395
201512 23.682 99.792 32.020
201606 27.557 101.688 36.564
201612 32.085 101.863 42.500
201706 35.469 103.349 46.306
201712 41.086 104.011 53.298
201803 0.000 105.290 0.000
201806 41.330 106.317 52.452
201809 0.000 106.507 0.000
201812 46.211 105.998 58.823
201903 48.260 107.251 60.714
201906 48.938 108.070 61.100
201909 52.272 108.329 65.106
201912 49.787 108.420 61.959
202003 47.526 108.902 58.884
202006 49.867 108.767 61.860
202009 54.775 109.815 67.301
202012 52.713 109.897 64.719
202103 50.884 111.754 61.435
202106 54.667 114.631 64.346
202109 57.844 115.734 67.436
202112 55.401 117.630 63.548
202203 53.387 121.301 59.384
202206 57.155 125.017 61.686
202209 60.105 125.227 64.761
202212 57.617 125.222 62.082
202303 54.556 127.348 57.803
202306 57.940 128.729 60.730
202309 60.232 129.860 62.582
202312 57.428 129.419 59.872
202403 52.940 131.776 54.206
202406 55.699 132.554 56.696
202409 58.830 133.029 59.669
202412 59.810 133.157 60.605
202503 59.654 134.927 59.654

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


Heran Co  (TPE:5283) 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.

Heran Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=86.20/52.74
=1.63

* 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 Heran Co was 2.22. The lowest was 1.54. And the median was 2.07.


Be Aware

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


Heran Co Cyclically Adjusted Book per Share Related Terms

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


Heran Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Heran Co Ltd (TPE:5283) » Definitions » Cyclically Adjusted Book per Share
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Address
No. 289, Wenhe Road, 9th Floor, A7 Science Park, Leshan Village, Guishan District, Taoyuan, TWN, 333001
Heran Co Ltd manufactures LCD monitors, sells electrical appliances and electronic materials and fixes electrical products. Its product portfolio includes air conditioner, liquid crystal, washing machine, refrigerator, Freezer, and Small household appliances. Its segment includes Home Appliances business engaged in selling and manufacturing LCD monitors, air conditioners and home appliances and Other business engaged in others.

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