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Hannstar Display (TPE:6116) Cyclically Adjusted Book per Share : NT$16.04 (As of Mar. 2025)


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What is Hannstar Display 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.

Hannstar Display's adjusted book value per share for the three months ended in Mar. 2025 was NT$11.631. 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$16.04 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Hannstar Display's average Cyclically Adjusted Book Growth Rate was 1.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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 Hannstar Display was 8.50% per year. The lowest was 1.90% per year. And the median was 6.65% per year.

As of today (2025-05-27), Hannstar Display's current stock price is NT$7.20. Hannstar Display's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$16.04. Hannstar Display's Cyclically Adjusted PB Ratio of today is 0.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hannstar Display was 2.35. The lowest was 0.42. And the median was 0.72.


Hannstar Display Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hannstar Display'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.

Hannstar Display Cyclically Adjusted Book per Share Chart

Hannstar Display 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 12.22 13.44 14.87 15.60 15.91

Hannstar Display 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 15.88 15.94 15.96 15.91 16.04

Competitive Comparison of Hannstar Display's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Hannstar Display'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.


Hannstar Display's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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Hannstar Display 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, Hannstar Display'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)
=11.631/134.9266*134.9266
=11.631

Current CPI (Mar. 2025) = 134.9266.

Hannstar Display Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.747 100.684 14.402
201509 10.490 100.392 14.099
201512 10.093 99.792 13.646
201603 9.794 100.470 13.153
201606 9.563 101.688 12.689
201609 10.291 101.861 13.632
201612 11.468 101.863 15.190
201703 12.038 102.862 15.791
201706 11.854 103.349 15.476
201709 12.532 104.136 16.237
201712 13.061 104.011 16.943
201803 13.391 105.290 17.160
201806 13.246 106.317 16.810
201809 13.384 106.507 16.955
201812 13.109 105.998 16.687
201903 13.191 107.251 16.595
201906 12.956 108.070 16.176
201909 13.063 108.329 16.270
201912 13.059 108.420 16.252
202003 12.851 108.902 15.922
202006 12.817 108.767 15.900
202009 13.648 109.815 16.769
202012 14.674 109.897 18.016
202103 15.714 111.754 18.972
202106 17.056 114.631 20.076
202109 16.723 115.734 19.496
202112 17.279 117.630 19.820
202203 17.245 121.301 19.182
202206 16.456 125.017 17.760
202209 16.810 125.227 18.112
202212 16.502 125.222 17.781
202303 16.284 127.348 17.253
202306 15.651 128.729 16.405
202309 15.131 129.860 15.721
202312 14.528 129.419 15.146
202403 14.073 131.776 14.409
202406 13.627 132.554 13.871
202409 13.024 133.029 13.210
202412 11.915 133.157 12.073
202503 11.631 134.927 11.631

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


Hannstar Display  (TPE:6116) 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.

Hannstar Display's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.20/16.04
=0.45

* 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 Hannstar Display was 2.35. The lowest was 0.42. And the median was 0.72.


Be Aware

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


Hannstar Display Cyclically Adjusted Book per Share Related Terms

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


Hannstar Display Business Description

Industry
Traded in Other Exchanges
N/A
Address
Lane 168, Xingshan Road, 4Floor, No.15, Neihu District, Taipei, TWN, 11469
Hannstar Display Corp is a Taiwan-based manufacturer and seller of TFT-LCD panels, flat-panel displays, CCTV and related components. The firm has two fabrication facilities, one facility to manufacture liquid crystal displays, and one facility to manufacture liquid crystal monitors. These display products are low-radiation, low energy consumption, and lightweight. Hannstar display products are sold primarily to original equipment manufacturers of computer products. The firm has operations in Taiwan and China.

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