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Firstec Co (XKRX:010820) Cyclically Adjusted Book per Share : ₩1,308.17 (As of Mar. 2024)


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What is Firstec 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.

Firstec Co's adjusted book value per share for the three months ended in Mar. 2024 was ₩1,245.447. 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 ₩1,308.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Firstec Co's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.00% 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 Firstec Co was 3.30% per year. The lowest was -3.00% per year. And the median was -1.10% per year.

As of today (2024-05-21), Firstec Co's current stock price is ₩3365.00. Firstec Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩1,308.17. Firstec Co's Cyclically Adjusted PB Ratio of today is 2.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Firstec Co was 4.67. The lowest was 0.87. And the median was 2.43.


Firstec Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Firstec 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.

Firstec Co Cyclically Adjusted Book per Share Chart

Firstec Co 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 1,421.95 1,345.82 1,322.08 1,326.24 1,321.56

Firstec Co 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 1,329.76 1,326.85 1,335.82 1,321.56 1,308.17

Competitive Comparison of Firstec Co's Cyclically Adjusted Book per Share

For the Aerospace & Defense subindustry, Firstec 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.


Firstec Co's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Firstec Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Firstec 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, Firstec Co'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)
=1245.447/118.8477*118.8477
=1,245.447

Current CPI (Mar. 2024) = 118.8477.

Firstec Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,403.485 99.353 1,678.872
201409 1,405.114 99.608 1,676.518
201412 1,392.108 99.098 1,669.548
201503 1,405.029 99.720 1,674.533
201506 1,434.524 100.050 1,704.047
201509 1,405.623 100.110 1,668.715
201512 1,442.537 100.220 1,710.659
201603 1,409.345 100.560 1,665.646
201606 1,466.960 100.790 1,729.783
201609 1,493.413 101.460 1,749.347
201612 1,509.389 101.560 1,766.320
201703 1,479.965 102.850 1,710.165
201706 1,602.515 102.610 1,856.108
201709 1,641.739 103.490 1,885.370
201712 1,634.379 102.990 1,886.030
201803 1,561.796 104.100 1,783.053
201806 1,346.216 104.130 1,536.490
201809 1,174.102 105.650 1,320.770
201812 847.560 104.350 965.314
201903 730.572 104.490 830.958
201906 789.364 104.880 894.490
201909 810.969 105.200 916.177
201912 585.516 105.120 661.979
202003 475.863 105.540 535.865
202006 632.383 104.870 716.671
202009 744.732 106.200 833.425
202012 933.788 105.765 1,049.290
202103 938.912 107.357 1,039.404
202106 951.732 107.579 1,051.428
202109 943.172 108.759 1,030.661
202112 906.434 109.676 982.231
202203 884.195 111.806 939.885
202206 832.513 114.083 867.285
202209 719.049 114.831 744.199
202212 1,183.312 115.200 1,220.778
202303 1,235.554 116.550 1,259.916
202306 1,329.887 117.140 1,349.276
202309 1,240.294 119.111 1,237.550
202312 1,282.779 118.848 1,282.779
202403 1,245.447 118.848 1,245.447

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


Firstec Co  (XKRX:010820) 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.

Firstec Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3365.00/1308.17
=2.57

* 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 Firstec Co was 4.67. The lowest was 0.87. And the median was 2.43.


Be Aware

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


Firstec Co Cyclically Adjusted Book per Share Related Terms

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


Firstec Co (XKRX:010820) Business Description

Industry
Traded in Other Exchanges
N/A
Address
485, Nammyeon-ro, Seongsan-gu, Gyeongsangnam-do, Changwon-si, KOR, 135-090
Firstec Co Ltd is a Korea based company engaged in the business of manufacturing of weapons and gun shells. It offers products for aerospace, guided weapons, ground weapons, maritime weapons and unmanned systems. The products offered by the organization are environmental control system, actuation system, guidance control system, fire control system, instrument panels, cables, slip ring, gear box, radar components, safety firing assembly, mine layer, navigation device, UAV and others.

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