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Compal Electronics (TPE:2324) Cyclically Adjusted Book per Share : NT$28.93 (As of Mar. 2024)


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What is Compal 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.

Compal Electronics's adjusted book value per share for the three months ended in Mar. 2024 was NT$27.595. 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$28.93 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Compal Electronics's average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.00% 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 Compal Electronics was 3.90% per year. The lowest was 2.50% per year. And the median was 3.30% per year.

As of today (2024-05-23), Compal Electronics's current stock price is NT$40.30. Compal Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$28.93. Compal Electronics's Cyclically Adjusted PB Ratio of today is 1.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Compal Electronics was 1.40. The lowest was 0.64. And the median was 0.82.


Compal Electronics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Compal 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.

Compal Electronics Cyclically Adjusted Book per Share Chart

Compal 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 25.32 25.36 26.66 27.90 28.42

Compal 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 28.19 28.37 28.55 28.42 28.93

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

For the Computer Hardware subindustry, Compal 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.


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

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

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



Compal 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, Compal 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)
=27.595/131.7762*131.7762
=27.595

Current CPI (Mar. 2024) = 131.7762.

Compal Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.662 100.560 27.076
201409 21.565 100.428 28.296
201412 23.184 99.070 30.838
201503 23.349 99.621 30.885
201506 21.923 100.684 28.693
201509 22.999 100.392 30.189
201512 23.473 99.792 30.996
201603 23.681 100.470 31.060
201606 23.121 101.688 29.962
201609 23.218 101.861 30.037
201612 24.189 101.863 31.292
201703 23.618 102.862 30.257
201706 22.646 103.349 28.875
201709 23.110 104.136 29.244
201712 23.321 104.011 29.546
201803 23.349 105.290 29.223
201806 23.094 106.317 28.624
201809 23.895 106.507 29.564
201812 24.265 105.998 30.166
201903 24.746 107.251 30.405
201906 23.970 108.070 29.228
201909 24.313 108.329 29.575
201912 24.322 108.420 29.561
202003 23.134 108.902 27.993
202006 23.300 108.767 28.229
202009 23.640 109.815 28.368
202012 24.519 109.897 29.400
202103 23.591 111.754 27.818
202106 23.845 114.631 27.411
202109 24.792 115.734 28.228
202112 25.558 117.630 28.632
202203 24.646 121.301 26.774
202206 25.454 125.017 26.830
202209 27.016 125.227 28.429
202212 26.691 125.222 28.088
202303 25.655 127.348 26.547
202306 26.509 128.729 27.137
202309 27.820 129.860 28.231
202312 27.454 129.419 27.954
202403 27.595 131.776 27.595

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


Compal Electronics  (TPE:2324) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.30/28.93
=1.39

* 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 Compal Electronics was 1.40. The lowest was 0.64. And the median was 0.82.


Be Aware

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


Compal Electronics Cyclically Adjusted Book per Share Related Terms

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


Compal Electronics (TPE:2324) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 581 and No. 581-1, Ruiguang Road, Neihu District, Taipei, TWN, 11492
Compal Electronics Inc is a Taiwan-based original design manufacturer that produces notebook computers, monitors, and televisions for equipment manufacturers. The firm's operations are organized in two reportable segment Information technology products and strategy integrate product segment. The majority of the firm's revenue is generated from the United States, with the rest coming from China, Netherlands, United Kingdom, and Others.

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