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Ledtech Electronics (TPE:6164) Cyclically Adjusted Book per Share : NT$17.86 (As of Mar. 2025)


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What is Ledtech Electronics 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.

Ledtech Electronics's adjusted book value per share for the three months ended in Mar. 2025 was NT$15.236. 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$17.86 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ledtech Electronics's average Cyclically Adjusted Book Growth Rate was -1.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.60% 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 Ledtech Electronics was 2.60% per year. The lowest was 0.70% per year. And the median was 2.50% per year.

As of today (2025-07-15), Ledtech Electronics's current stock price is NT$10.25. Ledtech Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$17.86. Ledtech Electronics's Cyclically Adjusted PB Ratio of today is 0.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ledtech Electronics was 1.43. The lowest was 0.36. And the median was 0.78.


Ledtech Electronics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ledtech Electronics'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.

Ledtech Electronics Cyclically Adjusted Book per Share Chart

Ledtech Electronics 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 16.75 17.46 18.17 18.08 17.83

Ledtech Electronics 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 18.20 18.14 18.02 17.83 17.86

Competitive Comparison of Ledtech Electronics's Cyclically Adjusted Book per Share

For the Electrical Equipment & Parts subindustry, Ledtech Electronics'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.


Ledtech Electronics's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ledtech Electronics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Ledtech Electronics 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, Ledtech Electronics'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)
=15.236/134.9266*134.9266
=15.236

Current CPI (Mar. 2025) = 134.9266.

Ledtech Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201506 16.375 100.684 21.944
201509 17.044 100.392 22.907
201512 16.724 99.792 22.612
201603 16.733 100.470 22.472
201606 16.088 101.688 21.347
201609 16.690 101.861 22.108
201612 16.630 101.863 22.028
201703 16.026 102.862 21.022
201706 15.436 103.349 20.152
201709 15.658 104.136 20.288
201712 15.563 104.011 20.189
201803 15.697 105.290 20.115
201806 15.198 106.317 19.288
201809 14.855 106.507 18.819
201812 15.196 105.998 19.343
201903 15.420 107.251 19.399
201906 14.998 108.070 18.725
201909 14.333 108.329 17.852
201912 13.766 108.420 17.132
202003 13.466 108.902 16.684
202006 13.205 108.767 16.381
202009 13.241 109.815 16.269
202012 13.798 109.897 16.941
202103 13.667 111.754 16.501
202106 13.658 114.631 16.076
202109 13.794 115.734 16.081
202112 13.813 117.630 15.844
202203 14.147 121.301 15.736
202206 14.402 125.017 15.544
202209 14.671 125.227 15.807
202212 14.848 125.222 15.999
202303 14.774 127.348 15.653
202306 13.686 128.729 14.345
202309 13.995 129.860 14.541
202312 13.582 129.419 14.160
202403 13.950 131.776 14.284
202406 14.215 132.554 14.469
202409 14.770 133.029 14.981
202412 14.918 133.157 15.116
202503 15.236 134.927 15.236

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


Ledtech Electronics  (TPE:6164) 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.

Ledtech Electronics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.25/17.86
=0.57

* 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 Ledtech Electronics was 1.43. The lowest was 0.36. And the median was 0.78.


Be Aware

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


Ledtech Electronics Cyclically Adjusted Book per Share Related Terms

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


Ledtech Electronics Business Description

Traded in Other Exchanges
N/A
Address
Zhongzheng Road, 5th Floor, No. 542-5, Xindian District, New Taipei City, TWN, 231
Ledtech Electronics Corp is a Taiwan-based company engaged in R&D, manufacturing, processing, and trading of LED displays in different specifications and sizes. Its product portfolio comprises LED lamps, LED displays, LED chips, LED backlights, LED light strips and tubes, and others.

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