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Daejoo (XKRX:003310) Cyclically Adjusted Book per Share : ₩1,721.43 (As of Mar. 2024)


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What is Daejoo 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.

Daejoo's adjusted book value per share for the three months ended in Mar. 2024 was ₩2,180.021. 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 ₩1,721.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Daejoo's average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.40% 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 Daejoo was 6.30% per year. The lowest was 2.50% per year. And the median was 3.60% per year.

As of today (2024-06-09), Daejoo's current stock price is ₩1658.00. Daejoo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩1,721.43. Daejoo's Cyclically Adjusted PB Ratio of today is 0.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Daejoo was 3.67. The lowest was 0.51. And the median was 1.34.


Daejoo Cyclically Adjusted Book per Share Historical Data

The historical data trend for Daejoo'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.

Daejoo Cyclically Adjusted Book per Share Chart

Daejoo 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 1,401.28 1,421.46 1,491.63 1,602.38 1,705.92

Daejoo 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 1,633.40 1,654.69 1,694.59 1,705.92 1,721.43

Competitive Comparison of Daejoo's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Daejoo'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.


Daejoo's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Daejoo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Daejoo 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, Daejoo'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)
=2180.021/118.8477*118.8477
=2,180.021

Current CPI (Mar. 2024) = 118.8477.

Daejoo Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,343.735 99.353 1,607.398
201409 1,340.481 99.608 1,599.400
201412 1,327.823 99.098 1,592.451
201503 1,336.802 99.720 1,593.219
201506 1,356.332 100.050 1,611.164
201509 1,359.579 100.110 1,614.053
201512 1,352.002 100.220 1,603.296
201603 1,333.991 100.560 1,576.589
201606 1,355.559 100.790 1,598.423
201609 1,372.610 101.460 1,607.841
201612 1,370.208 101.560 1,603.447
201703 1,354.201 102.850 1,564.839
201706 1,377.241 102.610 1,595.185
201709 1,390.972 103.490 1,597.389
201712 1,426.888 102.990 1,646.591
201803 1,424.563 104.100 1,626.379
201806 1,439.538 104.130 1,643.002
201809 1,429.008 105.650 1,607.518
201812 1,440.335 104.350 1,640.446
201903 1,424.153 104.490 1,619.842
201906 1,419.982 104.880 1,609.092
201909 1,422.524 105.200 1,607.069
201912 1,472.214 105.120 1,664.472
202003 1,454.760 105.540 1,638.193
202006 1,480.006 104.870 1,677.270
202009 1,501.201 106.200 1,679.984
202012 1,529.682 105.765 1,718.891
202103 1,507.161 107.357 1,668.473
202106 1,522.142 107.579 1,681.590
202109 1,518.249 108.759 1,659.082
202112 1,823.315 109.676 1,975.783
202203 1,822.463 111.806 1,937.248
202206 1,832.509 114.083 1,909.047
202209 1,857.991 114.831 1,922.977
202212 1,949.349 115.200 2,011.070
202303 1,953.561 116.550 1,992.081
202306 1,986.233 117.140 2,015.191
202309 1,999.045 119.111 1,994.623
202312 2,166.555 118.848 2,166.555
202403 2,180.021 118.848 2,180.021

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


Daejoo  (XKRX:003310) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1658.00/1721.43
=0.96

* 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 Daejoo was 3.67. The lowest was 0.51. And the median was 1.34.


Be Aware

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


Daejoo Cyclically Adjusted Book per Share Related Terms

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


Daejoo (XKRX:003310) Business Description

Traded in Other Exchanges
N/A
Address
594-4 Goeui 3-dong, Namjeon Building Gwangjin-gu, SEOUL, KOR, 143-203
Daejoo Inc is a South Korean company operating in the packaged foods industry. The company is engaged in the manufacture of livestock feeds and prepared animal feeds. The products of the company are lua puppy, lua jindo, and lua adult light.

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