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FENG HSIN STEEL CO (TPE:2015) Cyclically Adjusted Book per Share : NT$37.68 (As of Mar. 2024)


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What is FENG HSIN STEEL 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.

FENG HSIN STEEL CO's adjusted book value per share for the three months ended in Mar. 2024 was NT$35.173. 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$37.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, FENG HSIN STEEL CO's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 FENG HSIN STEEL CO was 6.10% per year. The lowest was 5.40% per year. And the median was 5.75% per year.

As of today (2024-06-06), FENG HSIN STEEL CO's current stock price is NT$71.60. FENG HSIN STEEL CO's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$37.68. FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio of today is 1.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of FENG HSIN STEEL CO was 2.88. The lowest was 1.49. And the median was 1.87.


FENG HSIN STEEL CO Cyclically Adjusted Book per Share Historical Data

The historical data trend for FENG HSIN STEEL 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.

FENG HSIN STEEL CO Cyclically Adjusted Book per Share Chart

FENG HSIN STEEL 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 30.54 31.05 33.54 35.76 37.05

FENG HSIN STEEL 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 36.33 36.77 37.13 37.05 37.68

Competitive Comparison of FENG HSIN STEEL CO's Cyclically Adjusted Book per Share

For the Steel subindustry, FENG HSIN STEEL 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.


FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio falls into.



FENG HSIN STEEL 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, FENG HSIN STEEL 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)
=35.173/131.7762*131.7762
=35.173

Current CPI (Mar. 2024) = 131.7762.

FENG HSIN STEEL CO Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.645 100.560 33.606
201409 26.225 100.428 34.411
201412 27.122 99.070 36.076
201503 27.958 99.621 36.982
201506 26.386 100.684 34.534
201509 26.971 100.392 35.403
201512 28.011 99.792 36.989
201603 28.916 100.470 37.926
201606 27.197 101.688 35.244
201609 28.049 101.861 36.287
201612 28.514 101.863 36.888
201703 29.759 102.862 38.124
201706 27.825 103.349 35.479
201709 28.707 104.136 36.327
201712 30.272 104.011 38.353
201803 31.662 105.290 39.627
201806 29.391 106.317 36.429
201809 30.776 106.507 38.078
201812 32.046 105.998 39.839
201903 33.238 107.251 40.839
201906 29.980 108.070 36.557
201909 30.535 108.329 37.144
201912 31.443 108.420 38.217
202003 32.192 108.902 38.954
202006 30.623 108.767 37.101
202009 31.989 109.815 38.386
202012 33.474 109.897 40.138
202103 35.013 111.754 41.286
202106 37.776 114.631 43.426
202109 36.024 115.734 41.017
202112 37.998 117.630 42.568
202203 34.717 121.301 37.715
202206 35.169 125.017 37.071
202209 35.840 125.227 37.715
202212 37.458 125.222 39.419
202303 34.791 127.348 36.001
202306 35.802 128.729 36.650
202309 36.435 129.860 36.973
202312 37.705 129.419 38.392
202403 35.173 131.776 35.173

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


FENG HSIN STEEL CO  (TPE:2015) 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.

FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=71.60/37.68
=1.90

* 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 FENG HSIN STEEL CO was 2.88. The lowest was 1.49. And the median was 1.87.


Be Aware

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


FENG HSIN STEEL CO Cyclically Adjusted Book per Share Related Terms

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


FENG HSIN STEEL CO (TPE:2015) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 998, Jiahou Road, Section 1, Houli district, Taichung, TWN, 421
FENG HSIN STEEL CO LTD is a company that is primarily engaged in the manufacturing and processing of angle irons, steel channels, flat structural frames, and shafts. These products are used in a wide range of applications, including bridge-building, structural uses for power transmission towers, assembling frames for machinery, shipbuilding, oil storage containers, mechanical constructions, woodworking machinery, lock components, machine parts, hand tools, piping components, auto-transmission parts, civil construction, and tunnel construction. The company generates most of its revenue from the Taiwan market.

FENG HSIN STEEL CO (TPE:2015) Headlines

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