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Andes Technology (TPE:6533) Cyclically Adjusted Book per Share : NT$57.16 (As of Dec. 2024)


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What is Andes Technology 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.

Andes Technology's adjusted book value per share for the three months ended in Dec. 2024 was NT$95.176. 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$57.16 for the trailing ten years ended in Dec. 2024.

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 (2025-05-12), Andes Technology's current stock price is NT$289.50. Andes Technology's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was NT$57.16. Andes Technology's Cyclically Adjusted PB Ratio of today is 5.06.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Andes Technology was 8.16. The lowest was 4.69. And the median was 6.94.


Andes Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for Andes Technology'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.

Andes Technology Cyclically Adjusted Book per Share Chart

Andes Technology 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 - - - - 57.16

Andes Technology Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - 52.91 55.36 57.16

Competitive Comparison of Andes Technology's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Andes Technology'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.


Andes Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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


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Andes Technology 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, Andes Technology's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=95.176/133.1571*133.1571
=95.176

Current CPI (Dec. 2024) = 133.1571.

Andes Technology Quarterly Data

Book Value per Share CPI Adj_Book
201503 0.000 99.621 0.000
201506 21.538 100.684 28.485
201509 0.000 100.392 0.000
201512 21.416 99.792 28.576
201603 20.841 100.470 27.621
201606 20.254 101.688 26.522
201609 20.078 101.861 26.247
201612 20.577 101.863 26.899
201703 26.571 102.862 34.397
201706 26.636 103.349 34.318
201709 27.052 104.136 34.591
201712 27.065 104.011 34.649
201803 26.385 105.290 33.368
201806 27.098 106.317 33.939
201809 26.935 106.507 33.675
201812 27.877 105.998 35.020
201903 27.332 107.251 33.934
201906 27.224 108.070 33.544
201909 27.303 108.329 33.560
201912 27.532 108.420 33.814
202003 26.302 108.902 32.160
202006 25.880 108.767 31.683
202009 25.208 109.815 30.566
202012 28.027 109.897 33.959
202103 27.938 111.754 33.289
202106 29.309 114.631 34.046
202109 93.616 115.734 107.709
202112 94.200 117.630 106.635
202203 93.875 121.301 103.050
202206 95.310 125.017 101.516
202209 101.171 125.227 107.578
202212 98.501 125.222 104.743
202303 95.930 127.348 100.306
202306 95.136 128.729 98.409
202309 97.263 129.860 99.733
202312 94.982 129.419 97.725
202403 94.074 131.776 95.060
202406 92.579 132.554 93.000
202409 92.497 133.029 92.586
202412 95.176 133.157 95.176

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


Andes Technology  (TPE:6533) 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.

Andes Technology's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=289.50/57.16
=5.06

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Andes Technology was 8.16. The lowest was 4.69. And the median was 6.94.


Be Aware

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


Andes Technology Cyclically Adjusted Book per Share Related Terms

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


Andes Technology Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 1, Li-Hsin First Road, A1-4, 3rd Floor, Hsinchu Science Park, Hsinchu, TWN, 300
Andes Technology Corp is engaged in research and development, designing, manufacturing, and marketing of embedded processor intellectual property (IP), related hardware/software developing platform, and toolchains. The company solutions include AndeStar Architecture, AndesCore Processors, Andes Custom Extension, AndeShape Platforms, and others. It generates a vast majority of its revenues from the Licensing of CPU IP, followed by Royalty revenues, Custom Computing Service, and Maintenance services.

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