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Userjoy Technology Co (ROCO:3546) Cyclically Adjusted Book per Share : NT$27.74 (As of Mar. 2024)


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What is Userjoy Technology 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.

Userjoy Technology Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$31.936. 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$27.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Userjoy Technology Co's average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.50% 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 Userjoy Technology Co was 7.50% per year. The lowest was 6.40% per year. And the median was 6.95% per year.

As of today (2024-06-07), Userjoy Technology Co's current stock price is NT$88.40. Userjoy Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$27.74. Userjoy Technology Co's Cyclically Adjusted PB Ratio of today is 3.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Userjoy Technology Co was 4.49. The lowest was 2.52. And the median was 3.14.


Userjoy Technology Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Userjoy Technology 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.

Userjoy Technology Co Cyclically Adjusted Book per Share Chart

Userjoy Technology 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 21.34 21.80 23.85 25.71 27.05

Userjoy Technology 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 26.28 26.66 26.99 27.05 27.74

Competitive Comparison of Userjoy Technology Co's Cyclically Adjusted Book per Share

For the Electronic Gaming & Multimedia subindustry, Userjoy Technology 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.


Userjoy Technology Co's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Userjoy Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Userjoy Technology 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, Userjoy Technology 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)
=31.936/131.7762*131.7762
=31.936

Current CPI (Mar. 2024) = 131.7762.

Userjoy Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.188 100.560 22.524
201409 17.027 100.428 22.342
201412 17.484 99.070 23.256
201503 17.511 99.621 23.163
201506 16.184 100.684 21.182
201509 16.196 100.392 21.259
201512 16.641 99.792 21.974
201603 17.450 100.470 22.887
201606 19.452 101.688 25.208
201609 19.665 101.861 25.440
201612 19.938 101.863 25.793
201703 20.557 102.862 26.335
201706 19.576 103.349 24.961
201709 20.437 104.136 25.862
201712 21.699 104.011 27.491
201803 23.399 105.290 29.285
201806 22.313 106.317 27.656
201809 22.658 106.507 28.034
201812 23.115 105.998 28.736
201903 24.357 107.251 29.927
201906 21.635 108.070 26.381
201909 22.305 108.329 27.133
201912 23.548 108.420 28.621
202003 23.977 108.902 29.013
202006 23.499 108.767 28.470
202009 24.921 109.815 29.905
202012 26.360 109.897 31.608
202103 28.985 111.754 34.178
202106 30.189 114.631 34.704
202109 27.143 115.734 30.905
202112 28.789 117.630 32.251
202203 29.307 121.301 31.838
202206 26.714 125.017 28.158
202209 28.221 125.227 29.697
202212 29.910 125.222 31.476
202303 31.260 127.348 32.347
202306 27.535 128.729 28.187
202309 27.994 129.860 28.407
202312 30.349 129.419 30.902
202403 31.936 131.776 31.936

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


Userjoy Technology Co  (ROCO:3546) 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.

Userjoy Technology Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=88.40/27.74
=3.19

* 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 Userjoy Technology Co was 4.49. The lowest was 2.52. And the median was 3.14.


Be Aware

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


Userjoy Technology Co Cyclically Adjusted Book per Share Related Terms

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


Userjoy Technology Co (ROCO:3546) Business Description

Traded in Other Exchanges
N/A
Address
17F-8, No.2, Jian 8th Road, Zhonghe District, New Taipei City, Taipei, TWN, 235
Userjoy Technology Co Ltd is an electronic gaming company based in Taiwan. It is specialized in developing and publishing games in personal computer platform. It also offers mobile games, web games, and massively multiplayer online game. It has developed various games such as the legend of three kingdoms series, the twin heroes series, fantasia sango series, angels online, and rub mah-jong online.

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