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Yageo (TPE:2327) Cyclically Adjusted Book per Share : NT$184.10 (As of Mar. 2024)


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What is Yageo 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.

Yageo's adjusted book value per share for the three months ended in Mar. 2024 was NT$325.271. 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$184.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Yageo's average Cyclically Adjusted Book Growth Rate was 13.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.30% 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 Yageo was 12.30% per year. The lowest was 9.30% per year. And the median was 10.80% per year.

As of today (2024-06-08), Yageo's current stock price is NT$678.00. Yageo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$184.10. Yageo's Cyclically Adjusted PB Ratio of today is 3.68.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Yageo was 6.14. The lowest was 2.19. And the median was 3.47.


Yageo Cyclically Adjusted Book per Share Historical Data

The historical data trend for Yageo'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.

Yageo Cyclically Adjusted Book per Share Chart

Yageo 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 119.99 124.54 136.18 156.65 176.30

Yageo 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 162.12 166.91 172.76 176.30 184.10

Competitive Comparison of Yageo's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Yageo'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.


Yageo's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Yageo 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, Yageo'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)
=325.271/131.7762*131.7762
=325.271

Current CPI (Mar. 2024) = 131.7762.

Yageo Quarterly Data

Book Value per Share CPI Adj_Book
201406 107.938 100.560 141.445
201409 68.312 100.428 89.635
201412 71.841 99.070 95.558
201503 73.954 99.621 97.824
201506 67.225 100.684 87.985
201509 72.535 100.392 95.211
201512 72.923 99.792 96.295
201603 73.430 100.470 96.310
201606 66.415 101.688 86.066
201609 67.704 101.861 87.588
201612 66.500 101.863 86.029
201703 70.389 102.862 90.175
201706 75.342 103.349 96.065
201709 83.064 104.136 105.112
201712 93.447 104.011 118.392
201803 106.301 105.290 133.042
201806 139.897 106.317 173.398
201809 166.141 106.507 205.559
201812 175.790 105.998 218.541
201903 185.598 107.251 228.040
201906 132.586 108.070 161.671
201909 134.061 108.329 163.077
201912 136.369 108.420 165.746
202003 123.216 108.902 149.097
202006 162.499 108.767 196.874
202009 170.556 109.815 204.665
202012 173.986 109.897 208.625
202103 187.628 111.754 221.243
202106 173.290 114.631 199.208
202109 191.405 115.734 217.936
202112 203.408 117.630 227.871
202203 244.120 121.301 265.201
202206 260.756 125.017 274.855
202209 360.664 125.227 379.528
202212 290.802 125.222 306.023
202303 290.165 127.348 300.255
202306 303.270 128.729 310.450
202309 326.234 129.860 331.049
202312 321.195 129.419 327.044
202403 325.271 131.776 325.271

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


Yageo  (TPE:2327) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=678.00/184.1
=3.68

* 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 Yageo was 6.14. The lowest was 2.19. And the median was 3.47.


Be Aware

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


Yageo Cyclically Adjusted Book per Share Related Terms

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


Yageo (TPE:2327) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yageo Corp (TPE:2327) » Definitions » Cyclically Adjusted Book per Share
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Address
No. 233-1, Baoqiao Road, 3rd Floor, Xindian District, New Taipei, TWN, 23145
Yageo produces passive components for electronic devices. Passive components are necessary for all electronic circuits; they are used to stabilize and control electric flow and remove electromagnetic noise from the circuit. Yageo's main products are multilayer ceramic capacitors, chip resistors, inductors, and tantalum capacitors, which are ranked third, first, third, and first in global production volume, respectively.

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