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Ton Yi Industrial (TPE:9907) Cyclically Adjusted Book per Share : NT$14.39 (As of Mar. 2024)


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What is Ton Yi Industrial 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.

Ton Yi Industrial's adjusted book value per share for the three months ended in Mar. 2024 was NT$12.380. 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$14.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ton Yi Industrial's average Cyclically Adjusted Book Growth Rate was 0.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.80% 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 Ton Yi Industrial was 3.80% per year. The lowest was 3.40% per year. And the median was 3.60% per year.

As of today (2024-06-20), Ton Yi Industrial's current stock price is NT$15.25. Ton Yi Industrial's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$14.39. Ton Yi Industrial's Cyclically Adjusted PB Ratio of today is 1.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ton Yi Industrial was 1.48. The lowest was 0.62. And the median was 1.04.


Ton Yi Industrial Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ton Yi Industrial'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.

Ton Yi Industrial Cyclically Adjusted Book per Share Chart

Ton Yi Industrial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.74 12.74 13.40 14.09 14.24

Ton Yi Industrial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 14.29 14.35 14.39 14.24 14.39

Competitive Comparison of Ton Yi Industrial's Cyclically Adjusted Book per Share

For the Packaging & Containers subindustry, Ton Yi Industrial'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.


Ton Yi Industrial's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ton Yi Industrial's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ton Yi Industrial 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, Ton Yi Industrial's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=12.38/131.7762*131.7762
=12.380

Current CPI (Mar. 2024) = 131.7762.

Ton Yi Industrial Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.792 100.560 15.453
201409 12.066 100.428 15.832
201412 12.307 99.070 16.370
201503 12.553 99.621 16.605
201506 12.175 100.684 15.935
201509 12.422 100.392 16.305
201512 11.872 99.792 15.677
201603 12.000 100.470 15.739
201606 11.687 101.688 15.145
201609 11.639 101.861 15.057
201612 11.513 101.863 14.894
201703 11.359 102.862 14.552
201706 11.207 103.349 14.290
201709 11.545 104.136 14.609
201712 11.672 104.011 14.788
201803 11.879 105.290 14.867
201806 11.890 106.317 14.737
201809 11.612 106.507 14.367
201812 11.733 105.998 14.586
201903 12.104 107.251 14.872
201906 11.672 108.070 14.232
201909 11.297 108.329 13.742
201912 11.235 108.420 13.655
202003 11.061 108.902 13.384
202006 11.103 108.767 13.452
202009 11.698 109.815 14.037
202012 11.895 109.897 14.263
202103 12.003 111.754 14.153
202106 11.658 114.631 13.402
202109 12.135 115.734 13.817
202112 12.515 117.630 14.020
202203 13.335 121.301 14.487
202206 12.678 125.017 13.363
202209 13.238 125.227 13.930
202212 13.332 125.222 14.030
202303 13.471 127.348 13.939
202306 11.871 128.729 12.152
202309 12.275 129.860 12.456
202312 11.999 129.419 12.218
202403 12.380 131.776 12.380

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


Ton Yi Industrial  (TPE:9907) 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.

Ton Yi Industrial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.25/14.39
=1.06

* 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 13 years, the highest Cyclically Adjusted PB Ratio of Ton Yi Industrial was 1.48. The lowest was 0.62. And the median was 1.04.


Be Aware

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


Ton Yi Industrial Cyclically Adjusted Book per Share Related Terms

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


Ton Yi Industrial (TPE:9907) Business Description

Traded in Other Exchanges
N/A
Address
No.837, Zhongzheng North Road, YongKang District, Tainan City, TWN, 710002
Ton Yi Industrial Corp manufactures and sells a variety of packaging products. The company's primary product categories include cold rolled carbon steel, tin plates, tin cans, and polyethylene terephthalate (PET). Cold rolled carbon steel is sold to manufacturers of buckets, electric parts, steel tubes, and car parts. Tin plates are sold to manufacturers of nozzles, spouts, crown caps, and can liners. Tin cans are typically sold to the food industry, while PET is used to make plastic bottles, caps, and labels for the beverage industry.

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