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Integrated Service Technology (ROCO:3289) Cyclically Adjusted Book per Share : NT$48.31 (As of Mar. 2024)


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What is Integrated Service Technology 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.

Integrated Service Technology's adjusted book value per share for the three months ended in Mar. 2024 was NT$45.564. 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$48.31 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Integrated Service Technology's average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.40% 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 Integrated Service Technology was 8.40% per year. The lowest was 7.40% per year. And the median was 7.90% per year.

As of today (2024-06-04), Integrated Service Technology's current stock price is NT$128.00. Integrated Service Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$48.31. Integrated Service Technology's Cyclically Adjusted PB Ratio of today is 2.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Integrated Service Technology was 2.90. The lowest was 0.78. And the median was 1.49.


Integrated Service Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for Integrated Service Technology'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.

Integrated Service Technology Cyclically Adjusted Book per Share Chart

Integrated Service Technology 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 35.61 36.96 40.47 44.12 47.14

Integrated Service Technology 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 45.26 46.17 46.98 47.14 48.31

Competitive Comparison of Integrated Service Technology's Cyclically Adjusted Book per Share

For the Semiconductors subindustry, Integrated Service Technology'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.


Integrated Service Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Integrated Service Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Integrated Service Technology's Cyclically Adjusted PB Ratio falls into.



Integrated Service Technology 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, Integrated Service Technology'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)
=45.564/131.7762*131.7762
=45.564

Current CPI (Mar. 2024) = 131.7762.

Integrated Service Technology Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.749 100.560 33.742
201409 27.503 100.428 36.088
201412 28.470 99.070 37.869
201503 29.144 99.621 38.551
201506 29.484 100.684 38.589
201509 31.756 100.392 41.684
201512 33.499 99.792 44.236
201603 37.732 100.470 49.489
201606 34.161 101.688 44.269
201609 34.968 101.861 45.238
201612 37.381 101.863 48.358
201703 43.968 102.862 56.327
201706 43.470 103.349 55.427
201709 44.423 104.136 56.214
201712 46.839 104.011 59.342
201803 47.508 105.290 59.459
201806 46.960 106.317 58.205
201809 45.894 106.507 56.783
201812 43.245 105.998 53.762
201903 41.833 107.251 51.399
201906 41.567 108.070 50.685
201909 46.103 108.329 56.082
201912 43.442 108.420 52.800
202003 44.176 108.902 53.455
202006 42.827 108.767 51.887
202009 42.299 109.815 50.758
202012 41.759 109.897 50.073
202103 42.256 111.754 49.827
202106 42.658 114.631 49.038
202109 40.539 115.734 46.158
202112 40.139 117.630 44.966
202203 41.106 121.301 44.656
202206 41.836 125.017 44.098
202209 43.810 125.227 46.101
202212 44.109 125.222 46.418
202303 44.643 127.348 46.195
202306 45.962 128.729 47.050
202309 45.963 129.860 46.641
202312 44.290 129.419 45.097
202403 45.564 131.776 45.564

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


Integrated Service Technology  (ROCO:3289) 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.

Integrated Service Technology's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=128.00/48.31
=2.65

* 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 Integrated Service Technology was 2.90. The lowest was 0.78. And the median was 1.49.


Be Aware

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


Integrated Service Technology Cyclically Adjusted Book per Share Related Terms

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


Integrated Service Technology (ROCO:3289) Business Description

Traded in Other Exchanges
N/A
Address
No. 22 Puding Road, 1st Floor, East District, Hsin-Chu, TWN, 300047
Integrated Service Technology Inc engages in research, development, and manufacturing of integrated circuits, analysis, burn-in, testing, the import and export of semiconductor parts and relevant equipment, electronic parts, computer, and computer components. The company offers verification and quality assurance services for IC components and modules. Its services include focus Ion Beam, engineering sample preparation, failure analysis, debugging, reliability test material analysis, and others.

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