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E&E Recycling (ROCO:8440) Cyclically Adjusted Book per Share : NT$16.30 (As of Mar. 2024)


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What is E&E Recycling 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.

E&E Recycling's adjusted book value per share for the three months ended in Mar. 2024 was NT$16.280. 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$16.30 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-10), E&E Recycling's current stock price is NT$39.10. E&E Recycling's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$16.30. E&E Recycling's Cyclically Adjusted PB Ratio of today is 2.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of E&E Recycling was 2.67. The lowest was 2.05. And the median was 2.31.


E&E Recycling Cyclically Adjusted Book per Share Historical Data

The historical data trend for E&E Recycling'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.

E&E Recycling Cyclically Adjusted Book per Share Chart

E&E Recycling 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 - - - - 16.05

E&E Recycling 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 - 16.00 16.10 16.05 16.30

Competitive Comparison of E&E Recycling's Cyclically Adjusted Book per Share

For the Waste Management subindustry, E&E Recycling'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.


E&E Recycling's Cyclically Adjusted PB Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, E&E Recycling's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where E&E Recycling's Cyclically Adjusted PB Ratio falls into.



E&E Recycling 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, E&E Recycling'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)
=16.28/131.7762*131.7762
=16.280

Current CPI (Mar. 2024) = 131.7762.

E&E Recycling Quarterly Data

Book Value per Share CPI Adj_Book
201206 10.313 96.819 14.037
201212 11.127 96.871 15.136
201306 11.537 98.518 15.432
201312 11.732 98.326 15.723
201406 11.830 100.560 15.502
201412 12.570 99.070 16.720
201506 11.783 100.684 15.422
201512 12.511 99.792 16.521
201606 12.376 101.688 16.038
201609 0.000 101.861 0.000
201612 12.796 101.863 16.554
201703 0.000 102.862 0.000
201706 12.447 103.349 15.871
201709 12.808 104.136 16.208
201712 13.147 104.011 16.657
201803 14.353 105.290 17.964
201806 13.647 106.317 16.915
201809 13.699 106.507 16.949
201812 13.796 105.998 17.151
201903 13.723 107.251 16.861
201906 13.334 108.070 16.259
201909 13.512 108.329 16.437
201912 13.754 108.420 16.717
202003 13.865 108.902 16.777
202006 13.488 108.767 16.341
202009 13.612 109.815 16.334
202012 13.975 109.897 16.757
202103 14.209 111.754 16.755
202106 14.260 114.631 16.393
202109 14.611 115.734 16.636
202112 15.023 117.630 16.830
202203 15.334 121.301 16.658
202206 14.682 125.017 15.476
202209 14.747 125.227 15.518
202212 15.345 125.222 16.148
202303 15.941 127.348 16.495
202306 15.761 128.729 16.134
202309 16.027 129.860 16.264
202312 16.226 129.419 16.521
202403 16.280 131.776 16.280

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


E&E Recycling  (ROCO:8440) 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.

E&E Recycling's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=39.10/16.3
=2.40

* 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 E&E Recycling was 2.67. The lowest was 2.05. And the median was 2.31.


Be Aware

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


E&E Recycling Cyclically Adjusted Book per Share Related Terms

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


E&E Recycling (ROCO:8440) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 128, Lane 313, Taizhen Road, Touhuli, Yangmei District, Taoyuan, TWN
E&E Recycling Inc is a Taiwan-based company engaged in recycling waste household electric appliances. It has operations for recycling televisions, refrigerators, washing machines, air conditioners, and information products. The company provides services such as system planning, sales of five big treatment equipment, waste electric household appliances treatment, operation and management, and sales of derivatives. Apart from Taiwan, the organization also has factories located in Mainland China.

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