Chaheng Precision Co (ROCO:4546) Cyclically Adjusted PB Ratio : 1.98 (As of Jun. 20, 2024)

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What is Chaheng Precision Co Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Chaheng Precision Co's current share price is NT$89.90. Chaheng Precision Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was NT$45.33. Chaheng Precision Co's Cyclically Adjusted PB Ratio for today is 1.98.

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

ROCO:4546' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.25 Med: 1.63 Max: 2.18
Current: 1.96

During the past 13 years, Chaheng Precision Co's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 1.25. And the median was 1.63.

ROCO:4546's Cyclically Adjusted PB Ratio is ranked better than
57.35% of 204 companies
in the Aerospace & Defense industry
Industry Median: 2.355 vs ROCO:4546: 1.96

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.

Chaheng Precision Co's adjusted book value per share data of for the fiscal year that ended in Dec23 was NT$34.228. 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$45.33 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Chaheng Precision Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chaheng Precision Co'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.

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Chaheng Precision Co Cyclically Adjusted PB Ratio Chart

Chaheng Precision Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.36

1.43

1.56

1.99

Chaheng Precision Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															1.43	-	1.56	-	1.99

Competitive Comparison of Chaheng Precision Co's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, Chaheng Precision 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.

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

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

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

Chaheng Precision Co 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.

Chaheng Precision Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	89.90	/	45.33
	=	1.98

Chaheng Precision Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Chaheng Precision Co's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	34.228	/	129.4194	*	129.4194
	=	34.228

Current CPI (Dec23) = 129.4194.

Chaheng Precision Co Annual Data

	Book Value per Share	CPI	Adj_Book
201412	35.883	99.070	46.876
201512	37.694	99.792	48.885
201612	44.085	101.863	56.011
201712	40.824	104.011	50.797
201812	45.000	105.998	54.943
201912	45.413	108.420	54.209
202012	35.401	109.897	41.690
202112	30.459	117.630	33.512
202212	31.139	125.222	32.183
202312	34.228	129.419	34.228

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.

Chaheng Precision Co (ROCO:4546) 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.

Chaheng Precision Co Cyclically Adjusted PB Ratio Related Terms

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Chaheng Precision Co (ROCO:4546) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Chaheng Precision Co Ltd (ROCO:4546) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Luke 10th Road, Luzhu District, Kaohsiung, TWN, 821

Website

http://www.chaheng.com/chinese/index.php

Chaheng Precision Co Ltd is a Taiwan based manufacturer of aero engine components. Its products include precision equipment, airplane engine, Aero-engine Fan Blade, Aero-engine compressor, OGV diffuser, Aero-engine combustor, and other Products.

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