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Chroma Ate (TPE:2360) Cyclically Adjusted Book per Share : NT$40.59 (As of Mar. 2024)


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What is Chroma Ate 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.

Chroma Ate's adjusted book value per share for the three months ended in Mar. 2024 was NT$48.094. 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$40.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chroma Ate's average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.00% 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 Chroma Ate was 10.00% per year. The lowest was 8.50% per year. And the median was 9.25% per year.

As of today (2024-06-10), Chroma Ate's current stock price is NT$288.50. Chroma Ate's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$40.59. Chroma Ate's Cyclically Adjusted PB Ratio of today is 7.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Chroma Ate was 7.57. The lowest was 3.78. And the median was 5.50.


Chroma Ate Cyclically Adjusted Book per Share Historical Data

The historical data trend for Chroma Ate'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.

Chroma Ate Cyclically Adjusted Book per Share Chart

Chroma Ate Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.58 27.63 28.85 32.65 36.74

Chroma Ate Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 36.74 37.78 38.68 39.57 40.59

Competitive Comparison of Chroma Ate's Cyclically Adjusted Book per Share

For the Scientific & Technical Instruments subindustry, Chroma Ate'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.


Chroma Ate's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Chroma Ate 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, Chroma Ate'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)
=48.094/131.7762*131.7762
=48.094

Current CPI (Mar. 2024) = 131.7762.

Chroma Ate Quarterly Data

Book Value per Share CPI Adj_Book
201403 23.507 99.695 31.072
201406 22.063 100.560 28.912
201409 23.461 100.428 30.784
201412 24.552 99.070 32.658
201503 24.767 99.621 32.761
201506 22.836 100.684 29.888
201509 24.544 100.392 32.217
201512 24.944 99.792 32.939
201603 25.888 100.470 33.955
201606 24.568 101.688 31.837
201609 26.414 101.861 34.171
201612 27.364 101.863 35.400
201703 30.274 102.862 38.784
201706 27.673 103.349 35.285
201709 29.904 104.136 37.841
201712 32.272 104.011 40.887
201803 34.006 105.290 42.561
201806 32.465 106.317 40.239
201809 33.929 106.507 41.979
201812 34.734 105.998 43.181
201903 35.807 107.251 43.995
201906 32.812 108.070 40.010
201909 33.712 108.329 41.009
201912 34.714 108.420 42.192
202003 32.760 108.902 39.641
202006 34.250 108.767 41.495
202009 35.772 109.815 42.926
202012 38.292 109.897 45.916
202103 39.503 111.754 46.580
202106 40.811 114.631 46.915
202109 42.319 115.734 48.185
202112 44.073 117.630 49.373
202203 39.831 121.301 43.271
202206 44.315 125.017 46.711
202209 48.652 125.227 51.197
202212 50.410 125.222 53.049
202303 44.605 127.348 46.156
202306 47.043 128.729 48.157
202309 50.652 129.860 51.400
202403 48.094 131.776 48.094

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


Chroma Ate  (TPE:2360) 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.

Chroma Ate's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=288.50/40.59
=7.11

* 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 Chroma Ate was 7.57. The lowest was 3.78. And the median was 5.50.


Be Aware

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


Chroma Ate Cyclically Adjusted Book per Share Related Terms

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


Chroma Ate (TPE:2360) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chroma Ate Inc (TPE:2360) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
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Address
No. 88, Wenmao Road, Guishan District, Taoyuan, TWN
Chroma Ate Inc manufactures and sells automated testing systems, electronic testing instruments, signal generators, and power supplies. The company has four reportable segments: Special materials department, Test instrument department, the Automatic equipment department, and Others. It generates maximum revenue from the Automatic equipment segment. The company has a presence in Europe, the United States, Japan, Korea, China, and Southeast Asia.

Chroma Ate (TPE:2360) Headlines

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