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Gigabyte Technology Co (TPE:2376) Cyclically Adjusted Book per Share : NT$51.07 (As of Mar. 2024)


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What is Gigabyte 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.

Gigabyte Technology Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$62.421. 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$51.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gigabyte Technology Co's average Cyclically Adjusted Book Growth Rate was 6.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.90% 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 Gigabyte Technology Co was 8.90% per year. The lowest was 7.40% per year. And the median was 8.15% per year.

As of today (2024-05-26), Gigabyte Technology Co's current stock price is NT$319.00. Gigabyte Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$51.07. Gigabyte Technology Co's Cyclically Adjusted PB Ratio of today is 6.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gigabyte Technology Co was 7.65. The lowest was 1.07. And the median was 2.30.


Gigabyte Technology Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gigabyte 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.

Gigabyte Technology Co Cyclically Adjusted Book per Share Chart

Gigabyte 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 37.91 38.58 42.62 46.93 49.79

Gigabyte 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 48.10 48.89 49.63 49.79 51.07

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

For the Computer Hardware subindustry, Gigabyte 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.


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

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

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



Gigabyte 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, Gigabyte 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)
=62.421/131.7762*131.7762
=62.421

Current CPI (Mar. 2024) = 131.7762.

Gigabyte Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 33.591 100.560 44.019
201409 34.833 100.428 45.706
201412 35.873 99.070 47.716
201503 36.416 99.621 48.170
201506 34.108 100.684 44.641
201509 35.746 100.392 46.921
201512 35.829 99.792 47.312
201603 36.633 100.470 48.048
201606 34.675 101.688 44.935
201609 35.682 101.861 46.161
201612 36.258 101.863 46.906
201703 36.418 102.862 46.655
201706 34.759 103.349 44.320
201709 36.536 104.136 46.234
201712 37.896 104.011 48.012
201803 40.681 105.290 50.915
201806 40.757 106.317 50.517
201809 38.440 106.507 47.560
201812 37.886 105.998 47.100
201903 39.137 107.251 48.087
201906 36.206 108.070 44.148
201909 37.170 108.329 45.215
201912 38.223 108.420 46.457
202003 37.895 108.902 45.855
202006 37.894 108.767 45.910
202009 40.225 109.815 48.269
202012 43.095 109.897 51.675
202103 48.386 111.754 57.055
202106 48.139 114.631 55.339
202109 52.402 115.734 59.665
202112 59.038 117.630 66.138
202203 63.921 121.301 69.441
202206 52.562 125.017 55.404
202209 54.522 125.227 57.374
202212 56.590 125.222 59.552
202303 58.490 127.348 60.524
202306 53.381 128.729 54.645
202309 56.845 129.860 57.684
202312 58.948 129.419 60.021
202403 62.421 131.776 62.421

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


Gigabyte Technology Co  (TPE:2376) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=319.00/51.07
=6.25

* 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 Gigabyte Technology Co was 7.65. The lowest was 1.07. And the median was 2.30.


Be Aware

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


Gigabyte Technology Co Cyclically Adjusted Book per Share Related Terms

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


Gigabyte Technology Co (TPE:2376) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No 6, Baoqiang Road, Xindian District, New Taipei City, TWN, 231
Gigabyte Technology Co Ltd is a Taiwan-based manufacturer and distributor of computer hardware products. Its products include motherboards for third-party platforms and servers, graphics cards, notebooks, desktop computers, ultrabooks, tablets, mobile phones, server racks, networking equipment, optical drives, computer monitors, keyboards, cooling components, computer cases, and power supplies.

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