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Forest Water Environmental Eng'g Co (TPE:8473) Cyclically Adjusted Book per Share : NT$44.54 (As of Mar. 2025)


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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 Mar. 2025 was NT$37.234. 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$44.54 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Forest Water Environmental Eng'g Co's average Cyclically Adjusted Book Growth Rate was -6.70% 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.

As of today (2025-05-30), Forest Water Environmental Eng'g Co's current stock price is NT$33.50. Forest Water Environmental Eng'g Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$44.54. Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio of today is 0.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Forest Water Environmental Eng'g Co was 1.16. The lowest was 0.65. And the median was 0.86.


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 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 - - - - 44.15

Forest Water Environmental Eng'g 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 47.72 47.64 44.40 44.15 44.54

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.


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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 Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=37.234/134.9266*134.9266
=37.234

Current CPI (Mar. 2025) = 134.9266.

Forest Water Environmental Eng'g Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 33.736 100.684 45.210
201509 0.000 100.392 0.000
201512 35.704 99.792 48.274
201603 36.719 100.470 49.312
201606 34.864 101.688 46.260
201609 37.052 101.861 49.080
201612 37.936 101.863 50.250
201703 38.903 102.862 51.030
201706 36.580 103.349 47.757
201709 37.153 104.136 48.138
201712 37.830 104.011 49.074
201803 39.406 105.290 50.498
201806 37.301 106.317 47.339
201809 37.953 106.507 48.080
201812 38.492 105.998 48.997
201903 39.443 107.251 49.621
201906 37.717 108.070 47.090
201909 37.823 108.329 47.109
201912 38.141 108.420 47.466
202003 38.995 108.902 48.314
202006 37.833 108.767 46.932
202009 38.157 109.815 46.882
202012 38.046 109.897 46.711
202103 38.639 111.754 46.651
202106 38.410 114.631 45.210
202109 41.143 115.734 47.966
202112 38.463 117.630 44.119
202203 39.003 121.301 43.384
202206 38.337 125.017 41.376
202209 36.272 125.227 39.082
202212 35.609 125.222 38.369
202303 35.399 127.348 37.506
202306 35.630 128.729 37.345
202309 33.559 129.860 34.868
202312 35.635 129.419 37.151
202403 37.641 131.776 38.541
202406 34.383 132.554 34.998
202409 36.559 133.029 37.081
202412 36.363 133.157 36.846
202503 37.234 134.927 37.234

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
=33.50/44.54
=0.75

* 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 Forest Water Environmental Eng'g Co was 1.16. The lowest was 0.65. And the median was 0.86.


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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