GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Munsin Garment Corp (ROCO:2916) » Definitions » Cyclically Adjusted PB Ratio

Munsin Garment (ROCO:2916) Cyclically Adjusted PB Ratio : 2.95 (As of Jun. 07, 2024)


View and export this data going back to 2005. Start your Free Trial

What is Munsin Garment Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Munsin Garment's current share price is NT$59.20. Munsin Garment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$20.05. Munsin Garment's Cyclically Adjusted PB Ratio for today is 2.95.

The historical rank and industry rank for Munsin Garment's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:2916' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.19   Max: 3.24
Current: 3.03

During the past years, Munsin Garment's highest Cyclically Adjusted PB Ratio was 3.24. The lowest was 0.87. And the median was 1.19.

ROCO:2916's Cyclically Adjusted PB Ratio is ranked worse than
81.36% of 810 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.04 vs ROCO:2916: 3.03

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.

Munsin Garment's adjusted book value per share data for the three months ended in Mar. 2024 was NT$18.254. 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$20.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Munsin Garment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Munsin Garment's Cyclically Adjusted PB Ratio 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.

Munsin Garment Cyclically Adjusted PB Ratio Chart

Munsin Garment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 0.96 1.18 1.22 2.47

Munsin Garment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 1.67 2.47 2.22 2.47 3.17

Competitive Comparison of Munsin Garment's Cyclically Adjusted PB Ratio

For the Apparel Manufacturing subindustry, Munsin Garment'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.


Munsin Garment's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Munsin Garment Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Munsin Garment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.20/20.05
=2.95

* 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.

Munsin Garment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Munsin Garment'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)
=18.254/131.7762*131.7762
=18.254

Current CPI (Mar. 2024) = 131.7762.

Munsin Garment Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.819 100.560 20.730
201409 15.699 100.428 20.599
201412 16.542 99.070 22.003
201503 16.907 99.621 22.364
201506 16.064 100.684 21.025
201509 15.994 100.392 20.994
201512 16.426 99.792 21.691
201603 16.763 100.470 21.986
201606 15.491 101.688 20.075
201609 15.320 101.861 19.819
201612 15.982 101.863 20.675
201703 16.183 102.862 20.732
201706 15.659 103.349 19.966
201709 15.647 104.136 19.800
201712 16.511 104.011 20.919
201803 17.063 105.290 21.355
201806 16.092 106.317 19.946
201809 15.942 106.507 19.724
201812 16.765 105.998 20.842
201903 17.329 107.251 21.292
201906 16.165 108.070 19.711
201909 15.896 108.329 19.337
201912 16.658 108.420 20.247
202003 16.570 108.902 20.051
202006 15.694 108.767 19.014
202009 15.826 109.815 18.991
202012 17.180 109.897 20.600
202103 16.380 111.754 19.315
202106 16.174 114.631 18.593
202109 16.333 115.734 18.597
202112 18.166 117.630 20.351
202203 16.691 121.301 18.132
202206 16.892 125.017 17.805
202209 17.580 125.227 18.499
202212 19.312 125.222 20.323
202303 17.517 127.348 18.126
202306 18.591 128.729 19.031
202309 18.993 129.860 19.273
202312 20.832 129.419 21.211
202403 18.254 131.776 18.254

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


Munsin Garment  (ROCO:2916) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Munsin Garment Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Munsin Garment's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Munsin Garment (ROCO:2916) Business Description

Traded in Other Exchanges
N/A
Address
NO.18, Wu-Chuan 6 Road, Wu-Gu District, New Taipei City, TWN
Munsin Garment Corp manufactures and trades garments knitwear. The company provides men's and women's apparels under brands named Munsingwear, Mcgregor, Eminento, NARA and Hazzys, among others.

Munsin Garment (ROCO:2916) Headlines

No Headlines