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Harvatek (TPE:6168) Cyclically Adjusted Book per Share : NT$16.51 (As of Mar. 2025)


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What is Harvatek 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.

Harvatek's adjusted book value per share for the three months ended in Mar. 2025 was NT$14.517. 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$16.51 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Harvatek's average Cyclically Adjusted Book Growth Rate was -0.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.90% 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 Harvatek was 2.50% per year. The lowest was 1.20% per year. And the median was 1.90% per year.

As of today (2025-05-28), Harvatek's current stock price is NT$16.35. Harvatek's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$16.51. Harvatek's Cyclically Adjusted PB Ratio of today is 0.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Harvatek was 2.09. The lowest was 0.64. And the median was 1.35.


Harvatek Cyclically Adjusted Book per Share Historical Data

The historical data trend for Harvatek'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.

Harvatek Cyclically Adjusted Book per Share Chart

Harvatek 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 15.20 15.51 16.04 16.36 16.42

Harvatek 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 16.58 16.59 16.54 16.42 16.51

Competitive Comparison of Harvatek's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Harvatek'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.


Harvatek's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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


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Harvatek 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, Harvatek'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)
=14.517/134.9266*134.9266
=14.517

Current CPI (Mar. 2025) = 134.9266.

Harvatek Quarterly Data

Book Value per Share CPI Adj_Book
201506 12.409 100.684 16.629
201509 13.456 100.392 18.085
201512 13.010 99.792 17.590
201603 12.626 100.470 16.956
201606 11.892 101.688 15.779
201609 11.969 101.861 15.854
201612 12.130 101.863 16.067
201703 12.135 102.862 15.918
201706 12.389 103.349 16.174
201709 13.050 104.136 16.909
201712 13.449 104.011 17.446
201803 13.860 105.290 17.761
201806 13.243 106.317 16.807
201809 13.219 106.507 16.746
201812 13.578 105.998 17.284
201903 13.888 107.251 17.472
201906 13.026 108.070 16.263
201909 12.828 108.329 15.978
201912 12.792 108.420 15.919
202003 12.693 108.902 15.726
202006 13.174 108.767 16.342
202009 13.536 109.815 16.631
202012 14.364 109.897 17.636
202103 15.272 111.754 18.439
202106 15.091 114.631 17.763
202109 15.730 115.734 18.339
202112 16.203 117.630 18.586
202203 14.849 121.301 16.517
202206 14.896 125.017 16.077
202209 15.328 125.227 16.515
202212 15.649 125.222 16.862
202303 14.687 127.348 15.561
202306 14.886 128.729 15.603
202309 14.940 129.860 15.523
202312 15.162 129.419 15.807
202403 14.852 131.776 15.207
202406 14.972 132.554 15.240
202409 14.910 133.029 15.123
202412 14.618 133.157 14.812
202503 14.517 134.927 14.517

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


Harvatek  (TPE:6168) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.35/16.51
=0.99

* 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 Harvatek was 2.09. The lowest was 0.64. And the median was 1.35.


Be Aware

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


Harvatek Cyclically Adjusted Book per Share Related Terms

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


Harvatek Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 18 Lane 522, Section 5 Zhonghua Road, Hsin Chu, Taiwan R.O.C., Hsinchu City, TWN, 300
Harvatek Corp is engaged in the research, development, design, manufacture, and testing of LED packaging, as well as the import and export of these products.

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