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Aker Technology Co (ROCO:6174) Cyclically Adjusted Book per Share : NT$14.46 (As of Mar. 2024)


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What is Aker Technology Co 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.

Aker Technology Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$13.794. 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$14.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Aker Technology Co's average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.40% 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 Aker Technology Co was 5.40% per year. The lowest was 4.90% per year. And the median was 5.15% per year.

As of today (2024-06-12), Aker Technology Co's current stock price is NT$21.80. Aker Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$14.46. Aker Technology Co's Cyclically Adjusted PB Ratio of today is 1.51.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aker Technology Co was 2.68. The lowest was 0.81. And the median was 1.59.


Aker Technology Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Aker Technology Co'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.

Aker Technology Co Cyclically Adjusted Book per Share Chart

Aker Technology Co 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 12.09 12.17 13.05 13.97 14.27

Aker Technology Co 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 14.22 14.31 14.37 14.27 14.46

Competitive Comparison of Aker Technology Co's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Aker Technology Co'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.


Aker Technology Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Aker Technology Co 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, Aker Technology Co'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)
=13.794/131.7762*131.7762
=13.794

Current CPI (Mar. 2024) = 131.7762.

Aker Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.407 100.560 14.948
201409 11.674 100.428 15.318
201412 11.894 99.070 15.821
201503 12.123 99.621 16.036
201506 11.268 100.684 14.748
201509 11.572 100.392 15.190
201512 11.738 99.792 15.500
201603 11.902 100.470 15.611
201606 11.254 101.688 14.584
201609 11.471 101.861 14.840
201612 11.806 101.863 15.273
201703 11.804 102.862 15.122
201706 11.009 103.349 14.037
201709 11.218 104.136 14.196
201712 11.299 104.011 14.315
201803 11.411 105.290 14.282
201806 11.482 106.317 14.232
201809 11.792 106.507 14.590
201812 11.879 105.998 14.768
201903 11.877 107.251 14.593
201906 10.899 108.070 13.290
201909 10.923 108.329 13.287
201912 10.941 108.420 13.298
202003 10.955 108.902 13.256
202006 10.998 108.767 13.325
202009 10.955 109.815 13.146
202012 12.582 109.897 15.087
202103 12.174 111.754 14.355
202106 12.154 114.631 13.972
202109 12.955 115.734 14.751
202112 13.386 117.630 14.996
202203 14.036 121.301 15.248
202206 13.172 125.017 13.884
202209 14.127 125.227 14.866
202212 14.760 125.222 15.533
202303 14.846 127.348 15.362
202306 12.271 128.729 12.562
202309 12.594 129.860 12.780
202312 13.525 129.419 13.771
202403 13.794 131.776 13.794

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


Aker Technology Co  (ROCO:6174) 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.

Aker Technology Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.80/14.46
=1.51

* 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 Aker Technology Co was 2.68. The lowest was 0.81. And the median was 1.59.


Be Aware

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


Aker Technology Co Cyclically Adjusted Book per Share Related Terms

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


Aker Technology Co (ROCO:6174) Business Description

Industry
Traded in Other Exchanges
N/A
Address
11-3 Chien-kao Road, T.E.P.Z, Taichung, TWN, 427
Aker Technology Co Ltd is engaged in the manufacture and sale of frequency control products. It offers quartz crystals, quartz oscillators, and VCXO products for applications in communication, automotive and other industries, among others.

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