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Ya Horng Electronic Co (TPE:6201) Cyclically Adjusted Book per Share : NT$32.71 (As of Mar. 2025)


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What is Ya Horng Electronic 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.

Ya Horng Electronic Co's adjusted book value per share for the three months ended in Mar. 2025 was NT$29.383. 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$32.71 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ya Horng Electronic Co's average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.80% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Ya Horng Electronic Co was 3.60% per year. The lowest was 2.30% per year. And the median was 3.10% per year.

As of today (2025-05-31), Ya Horng Electronic Co's current stock price is NT$60.10. Ya Horng Electronic Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$32.71. Ya Horng Electronic Co's Cyclically Adjusted PB Ratio of today is 1.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ya Horng Electronic Co was 2.06. The lowest was 1.04. And the median was 1.42.


Ya Horng Electronic Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ya Horng Electronic 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.

Ya Horng Electronic Co Cyclically Adjusted Book per Share Chart

Ya Horng Electronic 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 28.85 30.30 31.57 32.04 32.46

Ya Horng Electronic 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 32.43 32.51 32.52 32.46 32.71

Competitive Comparison of Ya Horng Electronic Co's Cyclically Adjusted Book per Share

For the Furnishings, Fixtures & Appliances subindustry, Ya Horng Electronic 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.


Ya Horng Electronic Co's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ya Horng Electronic Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Ya Horng Electronic 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, Ya Horng Electronic 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)
=29.383/134.9266*134.9266
=29.383

Current CPI (Mar. 2025) = 134.9266.

Ya Horng Electronic Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 25.796 100.684 34.569
201509 27.005 100.392 36.295
201512 26.819 99.792 36.261
201603 27.231 100.470 36.570
201606 26.097 101.688 34.627
201609 26.652 101.861 35.304
201612 27.490 101.863 36.413
201703 27.253 102.862 35.748
201706 24.932 103.349 32.550
201709 25.623 104.136 33.199
201712 26.661 104.011 34.586
201803 27.045 105.290 34.658
201806 25.451 106.317 32.300
201809 26.042 106.507 32.991
201812 27.389 105.998 34.864
201903 28.107 107.251 35.360
201906 26.264 108.070 32.791
201909 26.876 108.329 33.475
201912 27.119 108.420 33.749
202003 24.757 108.902 30.673
202006 25.424 108.767 31.539
202009 26.972 109.815 33.140
202012 28.092 109.897 34.490
202103 25.931 111.754 31.308
202106 26.458 114.631 31.142
202109 27.677 115.734 32.267
202112 28.407 117.630 32.584
202203 26.547 121.301 29.529
202206 27.167 125.017 29.320
202209 28.294 125.227 30.486
202212 29.602 125.222 31.896
202303 27.399 127.348 29.030
202306 28.455 128.729 29.825
202309 30.163 129.860 31.340
202312 30.898 129.419 32.213
202403 27.870 131.776 28.536
202406 29.154 132.554 29.676
202409 30.565 133.029 31.001
202412 32.087 133.157 32.513
202503 29.383 134.927 29.383

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


Ya Horng Electronic Co  (TPE:6201) 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.

Ya Horng Electronic Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=60.10/32.71
=1.84

* 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 Ya Horng Electronic Co was 2.06. The lowest was 1.04. And the median was 1.42.


Be Aware

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


Ya Horng Electronic Co Cyclically Adjusted Book per Share Related Terms

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


Ya Horng Electronic Co Business Description

Traded in Other Exchanges
N/A
Address
No.35 Shalun, Anding Dist. Zhongsha Village, Tainan City, TWN, 745002
Ya Horng Electronic Co Ltd is a Taiwan-based electronic components manufacturing company. It is engaged in the production and sales of household appliances. Its products include electronic audio products, small household electrical appliances, health care products, and etc.

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