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ATW Technology (ROCO:8097) Cyclically Adjusted Book per Share : NT$14.67 (As of Mar. 2024)


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What is ATW Technology 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.

ATW Technology's adjusted book value per share for the three months ended in Mar. 2024 was NT$22.773. 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$14.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ATW Technology's average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.20% 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 ATW Technology was 11.20% per year. The lowest was 6.80% per year. And the median was 9.00% per year.

As of today (2024-06-09), ATW Technology's current stock price is NT$65.10. ATW Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$14.67. ATW Technology's Cyclically Adjusted PB Ratio of today is 4.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ATW Technology was 7.31. The lowest was 0.85. And the median was 3.00.


ATW Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for ATW Technology'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.

ATW Technology Cyclically Adjusted Book per Share Chart

ATW Technology 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 10.36 10.41 11.29 12.63 14.30

ATW Technology 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 13.20 13.71 14.21 14.30 14.67

Competitive Comparison of ATW Technology's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, ATW Technology'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.


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

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

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



ATW Technology 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, ATW Technology'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)
=22.773/131.7762*131.7762
=22.773

Current CPI (Mar. 2024) = 131.7762.

ATW Technology Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.046 100.560 17.096
201409 12.525 100.428 16.435
201412 11.608 99.070 15.440
201503 9.067 99.621 11.994
201506 8.784 100.684 11.497
201509 8.617 100.392 11.311
201512 8.252 99.792 10.897
201603 8.873 100.470 11.638
201606 8.967 101.688 11.620
201609 8.856 101.861 11.457
201612 8.842 101.863 11.439
201703 8.736 102.862 11.192
201706 8.700 103.349 11.093
201709 8.628 104.136 10.918
201712 11.625 104.011 14.728
201803 11.655 105.290 14.587
201806 11.938 106.317 14.797
201809 11.860 106.507 14.674
201812 11.621 105.998 14.447
201903 10.904 107.251 13.397
201906 10.688 108.070 13.033
201909 9.948 108.329 12.101
201912 9.493 108.420 11.538
202003 9.385 108.902 11.356
202006 9.359 108.767 11.339
202009 9.301 109.815 11.161
202012 9.171 109.897 10.997
202103 9.184 111.754 10.829
202106 9.476 114.631 10.893
202109 11.523 115.734 13.120
202112 11.589 117.630 12.983
202203 12.648 121.301 13.740
202206 15.461 125.017 16.297
202209 18.001 125.227 18.943
202212 23.852 125.222 25.100
202303 24.903 127.348 25.769
202306 24.578 128.729 25.160
202309 24.512 129.860 24.874
202312 23.813 129.419 24.247
202403 22.773 131.776 22.773

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


ATW Technology  (ROCO:8097) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=65.10/14.67
=4.44

* 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 ATW Technology was 7.31. The lowest was 0.85. And the median was 3.00.


Be Aware

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


ATW Technology Cyclically Adjusted Book per Share Related Terms

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


ATW Technology (ROCO:8097) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 236, Bo'ai Street, 6th Floor, Shulin District, New Taipei City, TWN
ATW Technology Inc is a Taiwan based company engaged in the manufacture and sale of wireless communication products. It offers products such as cellular phone peripheral components, routers, switches, power adaptors, IP cameras, RF remote controller, smart valve controller, smart pet feeder, curtain control motor and others.

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