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Coway (XKRX:021240) Cyclically Adjusted Book per Share : ₩21,912.30 (As of Mar. 2024)


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What is Coway 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.

Coway's adjusted book value per share for the three months ended in Mar. 2024 was ₩36,979.861. 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 ₩21,912.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Coway's average Cyclically Adjusted Book Growth Rate was 13.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.00% 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 Coway was 14.00% per year. The lowest was 6.20% per year. And the median was 8.50% per year.

As of today (2024-06-15), Coway's current stock price is ₩55400.00. Coway's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩21,912.30. Coway's Cyclically Adjusted PB Ratio of today is 2.53.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Coway was 9.15. The lowest was 1.97. And the median was 5.27.


Coway Cyclically Adjusted Book per Share Historical Data

The historical data trend for Coway'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.

Coway Cyclically Adjusted Book per Share Chart

Coway 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 13,477.80 14,415.10 16,343.60 18,703.80 21,338.90

Coway 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 19,396.80 19,995.80 20,857.50 21,338.90 21,912.30

Competitive Comparison of Coway's Cyclically Adjusted Book per Share

For the Furnishings, Fixtures & Appliances subindustry, Coway'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.


Coway's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Coway's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Coway 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, Coway'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)
=36979.861/118.8477*118.8477
=36,979.861

Current CPI (Mar. 2024) = 118.8477.

Coway Quarterly Data

Book Value per Share CPI Adj_Book
201406 12,461.178 99.353 14,906.267
201409 13,308.052 99.608 15,878.558
201412 14,001.439 99.098 16,791.851
201503 12,997.069 99.720 15,490.090
201506 14,163.504 100.050 16,824.586
201509 15,440.933 100.110 18,331.030
201512 16,654.238 100.220 19,749.729
201603 15,182.602 100.560 17,943.689
201606 15,164.213 100.790 17,881.058
201609 16,125.287 101.460 18,888.757
201612 16,127.038 101.560 18,872.207
201703 13,528.829 102.850 15,633.157
201706 13,999.149 102.610 16,214.469
201709 13,461.782 103.490 15,459.482
201712 13,619.104 102.990 15,716.081
201803 14,092.944 104.100 16,089.471
201806 14,448.698 104.130 16,490.872
201809 14,963.233 105.650 16,832.426
201812 15,074.331 104.350 17,168.659
201903 14,193.269 104.490 16,143.529
201906 14,763.514 104.880 16,729.688
201909 15,596.834 105.200 17,620.227
201912 14,931.203 105.120 16,881.080
202003 16,462.312 105.540 18,538.070
202006 18,100.331 104.870 20,512.851
202009 19,699.827 106.200 22,045.943
202012 20,553.915 105.765 23,096.263
202103 21,116.410 107.357 23,376.511
202106 22,701.257 107.579 25,079.265
202109 24,917.550 108.759 27,228.901
202112 26,268.162 109.676 28,464.744
202203 26,947.227 111.806 28,644.453
202206 28,853.204 114.083 30,058.317
202209 30,873.385 114.831 31,953.229
202212 31,886.641 115.200 32,896.244
202303 32,537.628 116.550 33,179.198
202306 33,517.568 117.140 34,006.226
202309 35,594.370 119.111 35,515.627
202312 36,380.294 118.848 36,380.294
202403 36,979.861 118.848 36,979.861

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


Coway  (XKRX:021240) 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.

Coway's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=55400.00/21912.3
=2.53

* 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 Coway was 9.15. The lowest was 1.97. And the median was 5.27.


Be Aware

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


Coway Cyclically Adjusted Book per Share Related Terms

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


Coway (XKRX:021240) Business Description

Traded in Other Exchanges
N/A
Address
88 Seosomun-ro, 11th -18th floor of Coway Seosomun Building, Jung-gu, Seoul, KOR, 100-759
Coway is a Korea-based company engaged in the manufacturing of water filtration appliances, air purifiers and bidets. The company's products portfolio consists of water purifiers, air purifiers, electronic bidets, non-electronic bidets, water softeners, vacuum cleaners, water dispensers, food waste treatment solutions and sewage treatment solutions for household and business uses. It is also involved in the mattress rental and related home furniture products.

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