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Fubon Financial Holdings Co (LUX:199138) Cyclically Adjusted Book per Share : $16.52 (As of Mar. 2024)


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What is Fubon Financial Holdings 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.

Fubon Financial Holdings Co's adjusted book value per share for the three months ended in Mar. 2024 was $21.345. 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 $16.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fubon Financial Holdings Co's average Cyclically Adjusted Book Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.90% 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 Fubon Financial Holdings Co was 12.90% per year. The lowest was 12.50% per year. And the median was 12.70% per year.

As of today (2024-06-09), Fubon Financial Holdings Co's current stock price is $23.40. Fubon Financial Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $16.52. Fubon Financial Holdings Co's Cyclically Adjusted PB Ratio of today is 1.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fubon Financial Holdings Co was 1.81. The lowest was 0.91. And the median was 1.18.


Fubon Financial Holdings Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fubon Financial Holdings 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.

Fubon Financial Holdings Co Cyclically Adjusted Book per Share Chart

Fubon Financial Holdings 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 11.20 12.74 15.50 15.51 16.88

Fubon Financial Holdings 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 16.05 16.08 15.85 16.88 16.52

Competitive Comparison of Fubon Financial Holdings Co's Cyclically Adjusted Book per Share

For the Insurance - Life subindustry, Fubon Financial Holdings 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.


Fubon Financial Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fubon Financial Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fubon Financial Holdings 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, Fubon Financial Holdings 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)
=21.345/131.7762*131.7762
=21.345

Current CPI (Mar. 2024) = 131.7762.

Fubon Financial Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.678 100.560 12.682
201409 9.923 100.428 13.020
201412 10.487 99.070 13.949
201503 11.270 99.621 14.908
201506 10.005 100.684 13.095
201509 8.769 100.392 11.510
201512 9.033 99.792 11.928
201603 9.855 100.470 12.926
201606 10.752 101.688 13.933
201609 11.766 101.861 15.222
201612 10.596 101.863 13.708
201703 11.312 102.862 14.492
201706 11.746 103.349 14.977
201709 12.447 104.136 15.751
201712 12.977 104.011 16.441
201803 14.150 105.290 17.710
201806 13.202 106.317 16.363
201809 13.179 106.507 16.306
201812 11.690 105.998 14.533
201903 13.713 107.251 16.849
201906 13.942 108.070 17.000
201909 14.757 108.329 17.951
201912 15.847 108.420 19.261
202003 13.122 108.902 15.878
202006 15.849 108.767 19.202
202009 17.842 109.815 21.410
202012 21.433 109.897 25.700
202103 22.949 111.754 27.061
202106 24.103 114.631 27.708
202109 24.211 115.734 27.567
202112 25.851 117.630 28.960
202203 26.372 121.301 28.649
202206 15.853 125.017 16.710
202209 13.168 125.227 13.857
202212 13.779 125.222 14.500
202303 17.541 127.348 18.151
202306 18.120 128.729 18.549
202309 17.299 129.860 17.554
202312 19.335 129.419 19.687
202403 21.345 131.776 21.345

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


Fubon Financial Holdings Co  (LUX:199138) 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.

Fubon Financial Holdings Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.40/16.52
=1.42

* 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 Fubon Financial Holdings Co was 1.81. The lowest was 0.91. And the median was 1.18.


Be Aware

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


Fubon Financial Holdings Co Cyclically Adjusted Book per Share Related Terms

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


Fubon Financial Holdings Co (LUX:199138) Business Description

Traded in Other Exchanges
Address
No. 179, Liaoning Street, 15-16th Floor, Zhongshan District, Taipei, TWN, 104
Fubon Financial Holdings Co Ltd is a full-service financial holding company. The company's segments include Bank business; Insurance business; Life insurance business; Securities business and others. It generates maximum revenue from Insurance business segment. The Insurance business segment provides a variety of life and property insurance services. Its Bank business segment is engaged in banking business. Geographically, it derives a majority of its revenue from Taiwan.

Fubon Financial Holdings Co (LUX:199138) Headlines

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