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Munsin Garment (ROCO:2916) Cyclically Adjusted PB Ratio : 3.17 (As of Jun. 07, 2024)


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What is Munsin Garment Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Munsin Garment's current share price is NT$60.70. Munsin Garment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$19.13. Munsin Garment's Cyclically Adjusted PB Ratio for today is 3.17.

The historical rank and industry rank for Munsin Garment's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:2916' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.14   Max: 3.1
Current: 3.1

During the past years, Munsin Garment's highest Cyclically Adjusted PB Ratio was 3.10. The lowest was 0.83. And the median was 1.14.

ROCO:2916's Cyclically Adjusted PB Ratio is ranked worse than
81.36% of 810 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.04 vs ROCO:2916: 3.10

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.

Munsin Garment's adjusted book value per share data for the three months ended in Mar. 2024 was NT$17.414. 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$19.13 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Munsin Garment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Munsin Garment's Cyclically Adjusted PB Ratio 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.

Munsin Garment Cyclically Adjusted PB Ratio Chart

Munsin Garment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 0.96 1.18 1.22 2.47

Munsin Garment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 1.67 2.47 2.22 2.47 3.17

Competitive Comparison of Munsin Garment's Cyclically Adjusted PB Ratio

For the Apparel Manufacturing subindustry, Munsin Garment'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.


Munsin Garment's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Munsin Garment Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Munsin Garment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.70/19.13
=3.17

* 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.

Munsin Garment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Munsin Garment'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)
=17.414/131.7762*131.7762
=17.414

Current CPI (Mar. 2024) = 131.7762.

Munsin Garment Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.091 100.560 19.776
201409 14.976 100.428 19.651
201412 15.780 99.070 20.990
201503 16.128 99.621 21.334
201506 15.324 100.684 20.056
201509 15.258 100.392 20.028
201512 15.670 99.792 20.692
201603 15.992 100.470 20.975
201606 14.778 101.688 19.151
201609 14.614 101.861 18.906
201612 15.246 101.863 19.723
201703 15.438 102.862 19.778
201706 14.938 103.349 19.047
201709 14.927 104.136 18.889
201712 15.750 104.011 19.954
201803 16.277 105.290 20.372
201806 15.351 106.317 19.027
201809 15.208 106.507 18.816
201812 15.993 105.998 19.882
201903 16.531 107.251 20.311
201906 15.421 108.070 18.804
201909 15.164 108.329 18.446
201912 15.891 108.420 19.314
202003 15.807 108.902 19.127
202006 14.971 108.767 18.138
202009 15.098 109.815 18.117
202012 16.389 109.897 19.652
202103 15.626 111.754 18.426
202106 15.429 114.631 17.737
202109 15.581 115.734 17.741
202112 17.329 117.630 19.413
202203 15.922 121.301 17.297
202206 16.114 125.017 16.985
202209 16.771 125.227 17.648
202212 18.423 125.222 19.387
202303 16.710 127.348 17.291
202306 17.735 128.729 18.155
202309 18.118 129.860 18.385
202312 19.873 129.419 20.235
202403 17.414 131.776 17.414

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


Munsin Garment  (ROCO:2916) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Munsin Garment Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Munsin Garment's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Munsin Garment (ROCO:2916) Business Description

Traded in Other Exchanges
N/A
Address
NO.18, Wu-Chuan 6 Road, Wu-Gu District, New Taipei City, TWN
Munsin Garment Corp manufactures and trades garments knitwear. The company provides men's and women's apparels under brands named Munsingwear, Mcgregor, Eminento, NARA and Hazzys, among others.

Munsin Garment (ROCO:2916) Headlines

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