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Gold Rain Enterprises (ROCO:4503) Cyclically Adjusted Book per Share : NT$13.31 (As of Mar. 2024)


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What is Gold Rain Enterprises 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.

Gold Rain Enterprises's adjusted book value per share for the three months ended in Mar. 2024 was NT$14.287. 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$13.31 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gold Rain Enterprises's average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.30% 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 Gold Rain Enterprises was 7.30% per year. The lowest was 6.20% per year. And the median was 6.75% per year.

As of today (2024-06-01), Gold Rain Enterprises's current stock price is NT$61.70. Gold Rain Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$13.31. Gold Rain Enterprises's Cyclically Adjusted PB Ratio of today is 4.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gold Rain Enterprises was 5.93. The lowest was 1.32. And the median was 2.60.


Gold Rain Enterprises Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gold Rain Enterprises'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.

Gold Rain Enterprises Cyclically Adjusted Book per Share Chart

Gold Rain Enterprises 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 10.12 10.49 11.29 12.13 12.97

Gold Rain Enterprises 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 12.45 12.69 12.90 12.97 13.31

Competitive Comparison of Gold Rain Enterprises's Cyclically Adjusted Book per Share

For the Business Equipment & Supplies subindustry, Gold Rain Enterprises'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.


Gold Rain Enterprises's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gold Rain Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Gold Rain Enterprises 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, Gold Rain Enterprises'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)
=14.287/131.7762*131.7762
=14.287

Current CPI (Mar. 2024) = 131.7762.

Gold Rain Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.335 100.560 9.612
201409 7.187 100.428 9.430
201412 6.979 99.070 9.283
201503 6.934 99.621 9.172
201506 6.969 100.684 9.121
201509 7.764 100.392 10.191
201512 7.832 99.792 10.342
201603 8.045 100.470 10.552
201606 8.224 101.688 10.657
201609 8.223 101.861 10.638
201612 8.245 101.863 10.666
201703 10.854 102.862 13.905
201706 11.205 103.349 14.287
201709 11.562 104.136 14.631
201712 11.664 104.011 14.778
201803 11.805 105.290 14.775
201806 12.254 106.317 15.188
201809 12.381 106.507 15.318
201812 12.643 105.998 15.718
201903 12.899 107.251 15.849
201906 12.595 108.070 15.358
201909 12.694 108.329 15.441
201912 12.703 108.420 15.440
202003 12.818 108.902 15.510
202006 12.871 108.767 15.594
202009 12.532 109.815 15.038
202012 12.248 109.897 14.686
202103 12.134 111.754 14.308
202106 11.856 114.631 13.629
202109 11.640 115.734 13.253
202112 11.318 117.630 12.679
202203 11.070 121.301 12.026
202206 12.552 125.017 13.231
202209 12.597 125.227 13.256
202212 12.367 125.222 13.014
202303 15.432 127.348 15.969
202306 15.199 128.729 15.559
202309 15.099 129.860 15.322
202312 14.496 129.419 14.760
202403 14.287 131.776 14.287

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


Gold Rain Enterprises  (ROCO:4503) 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.

Gold Rain Enterprises's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=61.70/13.31
=4.64

* 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 Gold Rain Enterprises was 5.93. The lowest was 1.32. And the median was 2.60.


Be Aware

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


Gold Rain Enterprises Cyclically Adjusted Book per Share Related Terms

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


Gold Rain Enterprises (ROCO:4503) Business Description

Traded in Other Exchanges
N/A
Address
No. 101, Lane 411, PU-NEI Street, Yen-Ho Li, Chang Hua, TWN
Gold Rain Enterprises Corp is a Taiwan based manufacturer of vending machines. It offers KIOSK information service machines comprising of digital vending machines, post machines, digital photo printers, knocking gamers, parking ticket machines, and coin meters. In addition to the research and development and manufacturing of vending machines, it provides a complete line of mechanical foundry and assembly services with complete production line tools, such as various types of molds, punching beds, laser cutting, painting, welding and assembly lines.

Gold Rain Enterprises (ROCO:4503) Headlines

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