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Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) Cyclically Adjusted Book per Share : NT$28.77 (As of Mar. 2024)


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What is Charoen Pokphand Enterprise(Taiwan) 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.

Charoen Pokphand Enterprise(Taiwan) Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$33.770. 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$28.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Charoen Pokphand Enterprise(Taiwan) Co's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.90% 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 Charoen Pokphand Enterprise(Taiwan) Co was 9.90% per year. The lowest was 9.10% per year. And the median was 9.50% per year.

As of today (2024-06-11), Charoen Pokphand Enterprise(Taiwan) Co's current stock price is NT$108.00. Charoen Pokphand Enterprise(Taiwan) Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$28.77. Charoen Pokphand Enterprise(Taiwan) Co's Cyclically Adjusted PB Ratio of today is 3.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Charoen Pokphand Enterprise(Taiwan) Co was 4.01. The lowest was 2.38. And the median was 3.16.


Charoen Pokphand Enterprise(Taiwan) Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Charoen Pokphand Enterprise(Taiwan) 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.

Charoen Pokphand Enterprise(Taiwan) Co Cyclically Adjusted Book per Share Chart

Charoen Pokphand Enterprise(Taiwan) 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 19.98 21.04 23.59 25.97 27.95

Charoen Pokphand Enterprise(Taiwan) 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 26.65 27.20 27.75 27.95 28.77

Competitive Comparison of Charoen Pokphand Enterprise(Taiwan) Co's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Charoen Pokphand Enterprise(Taiwan) 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.


Charoen Pokphand Enterprise(Taiwan) Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Charoen Pokphand Enterprise(Taiwan) Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Charoen Pokphand Enterprise(Taiwan) Co's Cyclically Adjusted PB Ratio falls into.



Charoen Pokphand Enterprise(Taiwan) 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, Charoen Pokphand Enterprise(Taiwan) 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)
=33.77/131.7762*131.7762
=33.770

Current CPI (Mar. 2024) = 131.7762.

Charoen Pokphand Enterprise(Taiwan) Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.046 100.560 21.027
201409 17.353 100.428 22.770
201412 17.791 99.070 23.664
201503 17.368 99.621 22.974
201506 16.947 100.684 22.180
201509 16.954 100.392 22.254
201512 17.155 99.792 22.653
201603 19.227 100.470 25.218
201606 19.245 101.688 24.939
201609 20.756 101.861 26.852
201612 21.731 101.863 28.113
201703 22.565 102.862 28.908
201706 20.433 103.349 26.053
201709 22.026 104.136 27.872
201712 22.652 104.011 28.699
201803 23.983 105.290 30.016
201806 21.392 106.317 26.515
201809 22.571 106.507 27.926
201812 23.515 105.998 29.234
201903 24.766 107.251 30.429
201906 24.323 108.070 29.659
201909 24.863 108.329 30.244
201912 26.874 108.420 32.663
202003 26.403 108.902 31.949
202006 26.341 108.767 31.913
202009 26.952 109.815 32.342
202012 28.173 109.897 33.782
202103 29.948 111.754 35.313
202106 26.200 114.631 30.119
202109 26.527 115.734 30.204
202112 27.576 117.630 30.892
202203 28.486 121.301 30.946
202206 27.854 125.017 29.360
202209 28.822 125.227 30.329
202212 30.520 125.222 32.117
202303 30.799 127.348 31.870
202306 28.726 128.729 29.406
202309 31.299 129.860 31.761
202312 33.086 129.419 33.689
202403 33.770 131.776 33.770

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


Charoen Pokphand Enterprise(Taiwan) Co  (TPE:1215) 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.

Charoen Pokphand Enterprise(Taiwan) Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=108.00/28.77
=3.75

* 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 Charoen Pokphand Enterprise(Taiwan) Co was 4.01. The lowest was 2.38. And the median was 3.16.


Be Aware

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


Charoen Pokphand Enterprise(Taiwan) Co Cyclically Adjusted Book per Share Related Terms

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


Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) Business Description

Traded in Other Exchanges
N/A
Address
87 Sung Chiang Road, 17th Floor, Taipei, TWN, 104
Charoen Pokphand Enterprise(Taiwan) Co Ltd is a poultry processing company based in Taiwan. Its products include processed meat products, feedstuff, and processed cooked feedstuff, including chicken floss, hams, chicken nuggets, chicken chops, bacon, and others. It has four reportable segments. Feeds business that manufactures and sells animal feeds and wholesale of the commodity; Meat processing business; Food processing business; Husbandry business that includes management of chickens to produce eggs and meat. Its geographical segments are Domestic and Asia, of which the majority of its revenue comes from the domestic market.

Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) Headlines

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