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Starflex Co (XKRX:115570) Cyclically Adjusted Book per Share : ₩11,624.00 (As of Mar. 2024)


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What is Starflex 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.

Starflex Co's adjusted book value per share for the three months ended in Mar. 2024 was ₩7,966.201. 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 ₩11,624.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Starflex Co's average Cyclically Adjusted Book Growth Rate was -2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Starflex Co was -0.70% per year. The lowest was -1.50% per year. And the median was -1.10% per year.

As of today (2024-06-19), Starflex Co's current stock price is ₩2530.00. Starflex Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩11,624.00. Starflex Co's Cyclically Adjusted PB Ratio of today is 0.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Starflex Co was 0.76. The lowest was 0.22. And the median was 0.40.


Starflex Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Starflex 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.

Starflex Co Cyclically Adjusted Book per Share Chart

Starflex 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 12,354.60 12,004.30 11,639.30 11,803.30 11,744.30

Starflex 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 11,865.40 11,835.50 11,933.20 11,744.30 11,624.00

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

For the Specialty Business Services subindustry, Starflex 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.


Starflex Co's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Starflex Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Starflex 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, Starflex 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)
=7966.201/118.8477*118.8477
=7,966.201

Current CPI (Mar. 2024) = 118.8477.

Starflex Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 10,376.149 99.353 12,412.121
201409 10,179.241 99.608 12,145.404
201412 11,565.219 99.098 13,870.105
201503 11,433.323 99.720 13,626.395
201506 11,476.007 100.050 13,632.154
201509 11,890.795 100.110 14,116.408
201512 11,059.045 100.220 13,114.569
201603 10,777.645 100.560 12,737.652
201606 11,207.179 100.790 13,215.075
201609 11,404.152 101.460 13,358.538
201612 11,610.519 101.560 13,586.879
201703 11,546.840 102.850 13,342.882
201706 11,584.156 102.610 13,417.311
201709 11,593.035 103.490 13,313.417
201712 10,365.023 102.990 11,960.959
201803 10,134.617 104.100 11,570.374
201806 10,255.685 104.130 11,705.220
201809 10,502.886 105.650 11,814.897
201812 11,195.240 104.350 12,750.633
201903 11,415.119 104.490 12,983.641
201906 11,645.875 104.880 13,196.848
201909 11,887.035 105.200 13,429.152
201912 10,138.032 105.120 11,461.965
202003 10,118.784 105.540 11,394.677
202006 9,206.388 104.870 10,433.470
202009 9,135.636 106.200 10,223.628
202012 8,480.037 105.765 9,528.947
202103 8,939.208 107.357 9,895.976
202106 8,551.143 107.579 9,446.894
202109 9,723.708 108.759 10,625.679
202112 9,025.374 109.676 9,780.089
202203 9,207.731 111.806 9,787.664
202206 9,703.670 114.083 10,108.963
202209 10,614.661 114.831 10,985.925
202212 9,869.651 115.200 10,182.147
202303 9,920.897 116.550 10,116.515
202306 9,854.848 117.140 9,998.523
202309 9,738.807 119.111 9,717.263
202312 8,003.719 118.848 8,003.719
202403 7,966.201 118.848 7,966.201

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


Starflex Co  (XKRX:115570) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2530.00/11624
=0.22

* 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 Starflex Co was 0.76. The lowest was 0.22. And the median was 0.40.


Be Aware

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


Starflex Co Cyclically Adjusted Book per Share Related Terms

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


Starflex Co (XKRX:115570) Business Description

Industry
Traded in Other Exchanges
N/A
Address
417 Daeseong-ro, Chungchonbuk-do, Eumseong-gun, KOR
Starflex Co Ltd is a Korea based company engaged in offering PVC flex products under the brand Starflex. The company offered products are important in digital printing, billboards, building murals, light boxes, and screen printing. Along with selling products in Korea, the company also supply its products around the globe, including Asia, North America, Central and South America, Europe, Middle East, and Africa, among other places. The products produced by the company are frontlit, backlit, blockout, solit series, self-adhesive vinyl, coated flex, textile, LED brand and Form board brand.

Starflex Co (XKRX:115570) Headlines

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