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Delta Electronics (LUX:DELEC) Cyclically Adjusted Book per Share : $9.94 (As of Mar. 2024)


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What is Delta Electronics 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.

Delta Electronics's adjusted book value per share for the three months ended in Mar. 2024 was $12.822. 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 $9.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Delta Electronics's average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.30% 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 Delta Electronics was 10.30% per year. The lowest was 8.80% per year. And the median was 9.55% per year.

As of today (2024-06-01), Delta Electronics's current stock price is $50.00. Delta Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.94. Delta Electronics's Cyclically Adjusted PB Ratio of today is 5.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Delta Electronics was 6.73. The lowest was 2.65. And the median was 4.90.


Delta Electronics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Delta Electronics'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.

Delta Electronics Cyclically Adjusted Book per Share Chart

Delta Electronics 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 7.37 8.19 9.25 9.29 10.04

Delta Electronics 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 9.65 9.67 9.54 10.04 9.94

Competitive Comparison of Delta Electronics's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Delta Electronics'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.


Delta Electronics's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Delta Electronics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Delta Electronics 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, Delta Electronics'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)
=12.822/131.7762*131.7762
=12.822

Current CPI (Mar. 2024) = 131.7762.

Delta Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.020 100.560 7.889
201409 6.466 100.428 8.484
201412 6.714 99.070 8.931
201503 6.868 99.621 9.085
201506 6.035 100.684 7.899
201509 5.977 100.392 7.846
201512 7.301 99.792 9.641
201603 7.434 100.470 9.750
201606 6.905 101.688 8.948
201609 7.230 101.861 9.353
201612 7.466 101.863 9.659
201703 7.712 102.862 9.880
201706 7.312 103.349 9.323
201709 7.729 104.136 9.781
201712 8.004 104.011 10.141
201803 8.334 105.290 10.431
201806 7.559 106.317 9.369
201809 7.736 106.507 9.571
201812 8.146 105.998 10.127
201903 8.417 107.251 10.342
201906 8.305 108.070 10.127
201909 8.551 108.329 10.402
201912 8.916 108.420 10.837
202003 8.926 108.902 10.801
202006 8.637 108.767 10.464
202009 9.265 109.815 11.118
202012 9.958 109.897 11.941
202103 10.473 111.754 12.349
202106 9.975 114.631 11.467
202109 10.340 115.734 11.773
202112 10.738 117.630 12.029
202203 11.280 121.301 12.254
202206 10.576 125.017 11.148
202209 11.199 125.227 11.785
202212 11.730 125.222 12.344
202303 12.184 127.348 12.608
202306 11.060 128.729 11.322
202309 11.863 129.860 12.038
202312 12.267 129.419 12.490
202403 12.822 131.776 12.822

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


Delta Electronics  (LUX:DELEC) 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.

Delta Electronics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.00/9.94
=5.03

* 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 Delta Electronics was 6.73. The lowest was 2.65. And the median was 4.90.


Be Aware

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


Delta Electronics Cyclically Adjusted Book per Share Related Terms

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


Delta Electronics (LUX:DELEC) Business Description

Industry
Traded in Other Exchanges
Address
No. 186, Ruey Kuang Road, Neihu District, Taipei, TWN, 11491
Founded in 1971, Delta Electronics, or Delta, is the largest industrial power system supplier globally. It positions itself as a solutions provider in telecom power, renewable energy, surveillance systems, new energy vehicles power systems, smart building, industrial automation, and data centers. Delta also trades under Innergie, Loytec, Delta Controls and Amerlux. The company's headquarters are in Taipei, Taiwan, and employs over 11,000 people in 30 countries. A group of Delta's subsidiaries consolidated under Delta Electronics (Thailand) Public Company Limited, or DET, is listed on the Stock Exchange of Thailand. DET is 63.1% owned by Delta. The company owns 56.75% of surveillance system provider Vivotek (3454 TW).

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