GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Evergreen Marine Corp (Taiwan) Ltd (TPE:2603) » Definitions » Cyclically Adjusted Book per Share

Evergreen Marine (Taiwan) (TPE:2603) Cyclically Adjusted Book per Share : NT$97.19 (As of Mar. 2024)


View and export this data going back to 1987. Start your Free Trial

What is Evergreen Marine (Taiwan) 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.

Evergreen Marine (Taiwan)'s adjusted book value per share for the three months ended in Mar. 2024 was NT$223.694. 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$97.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Evergreen Marine (Taiwan)'s average Cyclically Adjusted Book Growth Rate was 24.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 30.10% 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 Evergreen Marine (Taiwan) was 30.10% per year. The lowest was 20.20% per year. And the median was 25.15% per year.

As of today (2024-05-22), Evergreen Marine (Taiwan)'s current stock price is NT$208.00. Evergreen Marine (Taiwan)'s Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$97.19. Evergreen Marine (Taiwan)'s Cyclically Adjusted PB Ratio of today is 2.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Evergreen Marine (Taiwan) was 11.65. The lowest was 0.55. And the median was 1.88.


Evergreen Marine (Taiwan) Cyclically Adjusted Book per Share Historical Data

The historical data trend for Evergreen Marine (Taiwan)'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.

Evergreen Marine (Taiwan) Cyclically Adjusted Book per Share Chart

Evergreen Marine (Taiwan) 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 41.18 41.39 49.77 71.58 91.18

Evergreen Marine (Taiwan) 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 78.11 82.68 87.52 91.18 97.19

Competitive Comparison of Evergreen Marine (Taiwan)'s Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, Evergreen Marine (Taiwan)'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.


Evergreen Marine (Taiwan)'s Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Evergreen Marine (Taiwan)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Evergreen Marine (Taiwan)'s Cyclically Adjusted PB Ratio falls into.



Evergreen Marine (Taiwan) 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, Evergreen Marine (Taiwan)'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)
=223.694/131.7762*131.7762
=223.694

Current CPI (Mar. 2024) = 131.7762.

Evergreen Marine (Taiwan) Quarterly Data

Book Value per Share CPI Adj_Book
201406 37.049 100.560 48.550
201409 38.771 100.428 50.873
201412 40.325 99.070 53.638
201503 41.670 99.621 55.120
201506 41.144 100.684 53.850
201509 41.419 100.392 54.368
201512 38.418 99.792 50.731
201603 35.818 100.470 46.979
201606 35.448 101.688 45.937
201609 34.071 101.861 44.077
201612 33.772 101.863 43.690
201703 32.948 102.862 42.210
201706 35.012 103.349 44.642
201709 37.437 104.136 47.374
201712 37.239 104.011 47.180
201803 36.958 105.290 46.255
201806 36.725 106.317 45.519
201809 36.860 106.507 45.605
201812 36.766 105.998 45.707
201903 37.164 107.251 45.663
201906 37.133 108.070 45.279
201909 36.908 108.329 44.896
201912 36.384 108.420 44.222
202003 35.592 108.902 43.068
202006 37.313 108.767 45.206
202009 41.702 109.815 50.042
202012 48.122 109.897 57.703
202103 65.971 111.754 77.790
202106 85.699 114.631 98.517
202109 116.709 115.734 132.886
202112 154.410 117.630 172.980
202203 206.351 121.301 224.171
202206 213.245 125.017 224.775
202209 254.866 125.227 268.196
202212 260.919 125.222 274.576
202303 261.657 127.348 270.756
202306 197.792 128.729 202.474
202309 213.668 129.860 216.822
202312 207.851 129.419 211.636
202403 223.694 131.776 223.694

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


Evergreen Marine (Taiwan)  (TPE:2603) 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.

Evergreen Marine (Taiwan)'s Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=208.00/97.19
=2.14

* 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 Evergreen Marine (Taiwan) was 11.65. The lowest was 0.55. And the median was 1.88.


Be Aware

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


Evergreen Marine (Taiwan) Cyclically Adjusted Book per Share Related Terms

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


Evergreen Marine (Taiwan) (TPE:2603) Business Description

Traded in Other Exchanges
N/A
Address
No. 166, Minsheng East Road, Section 2, Zhongshan District, Taipei, TWN
Evergreen Marine (Taiwan) is a transportation and logistics company domiciled in Taiwan. The company's main source of revenue is generated by transporting goods via its fleet of cargo ships. The company also manufactures, repairs, and distributes shipping containers; loads and unloads cargo; and provides logistics support services. The company principally derives revenue from the Americas and Europe, followed by Taiwan.

Evergreen Marine (Taiwan) (TPE:2603) Headlines

No Headlines