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Pou Chen (TPE:9904) Cyclically Adjusted PB Ratio : 0.94 (As of May. 20, 2024)


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What is Pou Chen Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Pou Chen's current share price is NT$36.35. Pou Chen's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$38.69. Pou Chen's Cyclically Adjusted PB Ratio for today is 0.94.

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

TPE:9904' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.01   Max: 1.64
Current: 0.97

During the past years, Pou Chen's highest Cyclically Adjusted PB Ratio was 1.64. The lowest was 0.77. And the median was 1.01.

TPE:9904's Cyclically Adjusted PB Ratio is ranked better than
52.9% of 673 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.04 vs TPE:9904: 0.97

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.

Pou Chen's adjusted book value per share data for the three months ended in Mar. 2024 was NT$46.359. 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$38.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pou Chen Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pou Chen'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.

Pou Chen Cyclically Adjusted PB Ratio Chart

Pou Chen 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 1.48 1.11 1.02 0.98 0.82

Pou Chen 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 0.87 0.86 0.77 0.82 0.94

Competitive Comparison of Pou Chen's Cyclically Adjusted PB Ratio

For the Footwear & Accessories subindustry, Pou Chen'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.


Pou Chen's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Pou Chen 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.

Pou Chen's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.35/38.69
=0.94

* 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.

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

For example, Pou Chen'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)
=46.359/131.7762*131.7762
=46.359

Current CPI (Mar. 2024) = 131.7762.

Pou Chen Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.486 100.560 28.156
201409 21.639 100.428 28.394
201412 24.019 99.070 31.949
201503 25.255 99.621 33.407
201506 23.808 100.684 31.160
201509 23.430 100.392 30.755
201512 23.507 99.792 31.041
201603 25.161 100.470 33.001
201606 24.616 101.688 31.900
201609 24.866 101.861 32.169
201612 25.691 101.863 33.236
201703 25.460 102.862 32.617
201706 25.887 103.349 33.007
201709 27.633 104.136 34.968
201712 28.375 104.011 35.950
201803 30.203 105.290 37.801
201806 29.481 106.317 36.541
201809 29.290 106.507 36.239
201812 26.423 105.998 32.849
201903 33.615 107.251 41.302
201906 36.934 108.070 45.036
201909 40.151 108.329 48.841
201912 39.843 108.420 48.426
202003 34.315 108.902 41.523
202006 39.640 108.767 48.026
202009 40.766 109.815 48.919
202012 45.510 109.897 54.571
202103 41.373 111.754 48.785
202106 44.781 114.631 51.479
202109 43.958 115.734 50.051
202112 47.317 117.630 53.008
202203 38.769 121.301 42.117
202206 22.650 125.017 23.875
202209 24.720 125.227 26.013
202212 36.315 125.222 38.216
202303 38.572 127.348 39.913
202306 40.104 128.729 41.053
202309 40.936 129.860 41.540
202312 42.823 129.419 43.603
202403 46.359 131.776 46.359

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.


Pou Chen  (TPE:9904) 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.


Pou Chen Cyclically Adjusted PB Ratio Related Terms

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


Pou Chen (TPE:9904) Business Description

Traded in Other Exchanges
N/A
Address
No. 600, Section 4, Taiwan Blvd, Xitun District, Taichung, TWN, 40764
Pou Chen Corp is engaged in the manufacturing and sale of shoes and the import and export of related products and materials. The firm also invests in the shoes and electronics industries. Its business is Footwear Business, Retail Business, and Other Business.

Pou Chen (TPE:9904) Headlines

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