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Forest Water Environmental Eng'g Co (TPE:8473) Cyclically Adjusted Book per Share : NT$45.98 (As of Jun. 2024)


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What is Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co's adjusted book value per share for the three months ended in Jun. 2024 was NT$39.432. 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$45.98 for the trailing ten years ended in Jun. 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 (2024-09-26), Forest Water Environmental Eng'g Co's current stock price is NT$46.35. Forest Water Environmental Eng'g Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was NT$45.98. Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio of today is 1.01.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Forest Water Environmental Eng'g Co was 1.24. The lowest was 0.80. And the median was 0.92.


Forest Water Environmental Eng'g Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Forest Water Environmental Eng'g 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.

Forest Water Environmental Eng'g Co Cyclically Adjusted Book per Share Chart

Forest Water Environmental Eng'g Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
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Forest Water Environmental Eng'g Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - - 49.24 45.98

Competitive Comparison of Forest Water Environmental Eng'g Co's Cyclically Adjusted Book per Share

For the Waste Management subindustry, Forest Water Environmental Eng'g 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.


Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio falls into.



Forest Water Environmental Eng'g 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, Forest Water Environmental Eng'g Co's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=39.432/132.5538*132.5538
=39.432

Current CPI (Jun. 2024) = 132.5538.

Forest Water Environmental Eng'g Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201412 36.529 99.070 48.875
201503 0.000 99.621 0.000
201506 34.816 100.684 45.836
201509 0.000 100.392 0.000
201512 36.847 99.792 48.944
201603 37.894 100.470 49.995
201606 35.980 101.688 46.901
201609 38.238 101.861 49.760
201612 39.150 101.863 50.946
201703 40.148 102.862 51.737
201706 37.751 103.349 48.419
201709 38.342 104.136 48.805
201712 39.040 104.011 49.753
201803 40.667 105.290 51.198
201806 38.494 106.317 47.994
201809 39.168 106.507 48.747
201812 39.724 105.998 49.676
201903 40.706 107.251 50.310
201906 38.924 108.070 47.743
201909 39.033 108.329 47.761
201912 39.362 108.420 48.124
202003 40.244 108.902 48.985
202006 39.044 108.767 47.583
202009 39.378 109.815 47.532
202012 39.264 109.897 47.359
202103 39.876 111.754 47.298
202106 39.639 114.631 45.836
202109 42.460 115.734 48.631
202112 39.694 117.630 44.730
202203 40.251 121.301 43.985
202206 39.564 125.017 41.949
202209 37.433 125.227 39.623
202212 36.748 125.222 38.900
202303 36.532 127.348 38.025
202306 36.770 128.729 37.863
202309 34.633 129.860 35.352
202312 36.775 129.419 37.666
202403 38.846 131.776 39.075
202406 39.432 132.554 39.432

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


Forest Water Environmental Eng'g Co  (TPE:8473) 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.

Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=46.35/45.98
=1.01

* 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 Forest Water Environmental Eng'g Co was 1.24. The lowest was 0.80. And the median was 0.92.


Be Aware

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


Forest Water Environmental Eng'g Co Cyclically Adjusted Book per Share Related Terms

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


Forest Water Environmental Eng'g Co Business Description

Traded in Other Exchanges
N/A
Address
Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN
Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.

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