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SUMCO (SUOPY) Cyclically Adjusted Book per Share : $14.10 (As of Mar. 2024)


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What is SUMCO 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.

SUMCO's adjusted book value per share for the three months ended in Mar. 2024 was $22.105. 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 $14.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SUMCO's average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.00% 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 SUMCO was 10.80% per year. The lowest was -2.10% per year. And the median was 3.85% per year.

As of today (2024-05-22), SUMCO's current stock price is $31.045. SUMCO's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $14.10. SUMCO's Cyclically Adjusted PB Ratio of today is 2.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SUMCO was 3.86. The lowest was 1.35. And the median was 2.11.


SUMCO Cyclically Adjusted Book per Share Historical Data

The historical data trend for SUMCO'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.

SUMCO Cyclically Adjusted Book per Share Chart

SUMCO 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 14.84 14.41 14.64 14.42 15.26

SUMCO 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 15.14 14.24 13.82 15.26 14.10

Competitive Comparison of SUMCO's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, SUMCO'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.


SUMCO's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



SUMCO 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, SUMCO'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)
=22.105/107.2000*107.2000
=22.105

Current CPI (Mar. 2024) = 107.2000.

SUMCO Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.145 98.000 14.379
201409 13.078 98.500 14.233
201412 12.031 97.900 13.174
201503 12.347 97.900 13.520
201506 11.505 98.400 12.534
201509 11.771 98.500 12.811
201512 11.868 98.100 12.969
201603 12.507 97.900 13.695
201606 13.137 98.100 14.356
201609 13.574 98.000 14.848
201612 12.336 98.400 13.439
201703 12.913 98.100 14.111
201706 13.582 98.500 14.782
201709 14.066 98.800 15.262
201712 14.565 99.400 15.708
201803 15.629 99.200 16.889
201806 16.254 99.200 17.565
201809 16.494 99.900 17.699
201812 17.322 99.700 18.625
201903 17.774 99.700 19.111
201906 18.732 99.800 20.121
201909 18.686 100.100 20.011
201912 18.889 100.500 20.148
202003 19.392 100.300 20.726
202006 20.106 99.900 21.575
202009 20.322 99.900 21.807
202012 20.853 99.300 22.512
202103 20.386 99.900 21.876
202106 20.812 99.500 22.423
202109 21.226 100.100 22.732
202112 23.891 100.100 25.586
202203 23.436 101.100 24.850
202206 21.762 101.800 22.916
202209 20.751 103.100 21.576
202212 22.588 104.100 23.261
202303 23.740 104.400 24.377
202306 23.192 105.200 23.633
202309 22.026 106.200 22.233
202312 22.728 106.800 22.813
202403 22.105 107.200 22.105

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


SUMCO  (OTCPK:SUOPY) 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.

SUMCO's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=31.045/14.1
=2.20

* 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 SUMCO was 3.86. The lowest was 1.35. And the median was 2.11.


Be Aware

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


SUMCO Cyclically Adjusted Book per Share Related Terms

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


SUMCO (SUOPY) Business Description

Industry
Traded in Other Exchanges
Address
1-2-1 Shibaura, Seavans North, Minato-ku, Tokyo, JPN, 105-8634
Founded in 1999 as a joint venture between Nippon Steel and two Mitsubishi entities, Sumco is the world's second-largest semiconductor-grade silicon wafer manufacturer, with 22% market share in 2022. Sumco is headquartered in Tokyo and operates seven production sites across Japan. It also maintains sales and support offices in Taiwan, the U.S., the U.K., Indonesia, and Singapore. Sumco sells to most semiconductor manufacturers like TSMC, Intel, Samsung and Micron. The firm employs over 9,000 people.

SUMCO (SUOPY) Headlines

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