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Tittot Co (ROCO:9949) Cyclically Adjusted Book per Share : NT$14.09 (As of Mar. 2024)


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What is Tittot 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.

Tittot Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$8.389. 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$14.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tittot Co's average Cyclically Adjusted Book Growth Rate was -4.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.20% 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 Tittot Co was -0.30% per year. The lowest was -1.20% per year. And the median was -0.75% per year.

As of today (2024-06-09), Tittot Co's current stock price is NT$23.80. Tittot Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$14.09. Tittot Co's Cyclically Adjusted PB Ratio of today is 1.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tittot Co was 1.70. The lowest was 0.72. And the median was 0.88.


Tittot Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tittot 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.

Tittot Co Cyclically Adjusted Book per Share Chart

Tittot 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 14.90 14.65 14.83 14.77 14.14

Tittot 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 14.74 14.63 14.48 14.14 14.09

Competitive Comparison of Tittot Co's Cyclically Adjusted Book per Share

For the Household & Personal Products subindustry, Tittot 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.


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

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

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



Tittot 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, Tittot 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)
=8.389/131.7762*131.7762
=8.389

Current CPI (Mar. 2024) = 131.7762.

Tittot Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.656 100.560 19.206
201409 14.624 100.428 19.189
201412 15.064 99.070 20.037
201503 15.382 99.621 20.347
201506 14.601 100.684 19.110
201509 14.419 100.392 18.927
201512 13.972 99.792 18.450
201603 13.808 100.470 18.110
201606 13.504 101.688 17.500
201609 12.259 101.861 15.859
201612 13.038 101.863 16.867
201703 12.587 102.862 16.125
201706 12.527 103.349 15.973
201709 12.437 104.136 15.738
201712 12.470 104.011 15.799
201803 12.431 105.290 15.558
201806 12.185 106.317 15.103
201809 11.788 106.507 14.585
201812 11.826 105.998 14.702
201903 11.804 107.251 14.503
201906 11.581 108.070 14.121
201909 11.168 108.329 13.585
201912 11.188 108.420 13.598
202003 10.806 108.902 13.076
202006 10.600 108.767 12.842
202009 10.519 109.815 12.623
202012 10.664 109.897 12.787
202103 10.407 111.754 12.272
202106 9.984 114.631 11.477
202109 9.782 115.734 11.138
202112 9.884 117.630 11.073
202203 9.816 121.301 10.664
202206 9.284 125.017 9.786
202209 9.065 125.227 9.539
202212 9.187 125.222 9.668
202303 8.973 127.348 9.285
202306 8.662 128.729 8.867
202309 8.553 129.860 8.679
202312 8.440 129.419 8.594
202403 8.389 131.776 8.389

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


Tittot Co  (ROCO:9949) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.80/14.09
=1.69

* 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 Tittot Co was 1.70. The lowest was 0.72. And the median was 0.88.


Be Aware

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


Tittot Co Cyclically Adjusted Book per Share Related Terms

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


Tittot Co (ROCO:9949) Business Description

Traded in Other Exchanges
N/A
Address
No.80, Sec. 1, Chenggong Road, Yonghe District, New Taipei City, TWN, 23452
Tittot Co Ltd is engaged in the design, processing and manufacturing of crystal glass, plaster, wax and other arts and crafts, as well as books, Trading business of video tapes, art exhibition industry and exhibition service industry, etc.

Tittot Co (ROCO:9949) Headlines

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