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Nanya Technology (TPE:2408) Cyclically Adjusted Book per Share : NT$50.03 (As of Mar. 2024)


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What is Nanya 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.

Nanya Technology's adjusted book value per share for the three months ended in Mar. 2024 was NT$54.169. 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$50.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nanya Technology's average Cyclically Adjusted Book Growth Rate was 15.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.20% 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 Nanya Technology was 17.10% per year. The lowest was -18.30% per year. And the median was 12.50% per year.

As of today (2024-05-26), Nanya Technology's current stock price is NT$64.40. Nanya Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$50.03. Nanya Technology's Cyclically Adjusted PB Ratio of today is 1.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nanya Technology was 3.42. The lowest was 0.83. And the median was 1.82.


Nanya Technology Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nanya 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.

Nanya Technology Cyclically Adjusted Book per Share Chart

Nanya 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 29.03 29.91 33.76 41.38 48.02

Nanya 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 43.44 45.26 46.96 48.02 50.03

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

For the Semiconductors subindustry, Nanya 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.


Nanya Technology's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Nanya 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, Nanya 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)
=54.169/131.7762*131.7762
=54.169

Current CPI (Mar. 2024) = 131.7762.

Nanya Technology Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.903 100.560 12.977
201409 13.116 100.428 17.210
201412 16.835 99.070 22.393
201503 19.403 99.621 25.666
201506 19.131 100.684 25.039
201509 21.033 100.392 27.608
201512 21.978 99.792 29.022
201603 24.835 100.470 32.573
201606 22.026 101.688 28.543
201609 22.569 101.861 29.197
201612 31.130 101.863 40.272
201703 35.310 102.862 45.235
201706 35.453 103.349 45.205
201709 41.336 104.136 52.308
201712 44.535 104.011 56.423
201803 48.130 105.290 60.238
201806 48.000 106.317 59.494
201809 51.554 106.507 63.786
201812 54.019 105.998 67.156
201903 55.265 107.251 67.903
201906 49.307 108.070 60.123
201909 49.399 108.329 60.091
201912 49.785 108.420 60.510
202003 50.324 108.902 60.895
202006 49.912 108.767 60.471
202009 49.925 109.815 59.909
202012 50.043 109.897 60.006
202103 51.006 111.754 60.144
202106 51.427 114.631 59.119
202109 53.879 115.734 61.347
202112 55.856 117.630 62.574
202203 58.447 121.301 63.494
202206 57.407 125.017 60.511
202209 59.311 125.227 62.413
202212 58.411 125.222 61.468
202303 55.616 127.348 57.550
202306 55.724 128.729 57.043
202309 55.522 129.860 56.341
202312 53.879 129.419 54.860
202403 54.169 131.776 54.169

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


Nanya Technology  (TPE:2408) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=64.40/50.03
=1.29

* 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 Nanya Technology was 3.42. The lowest was 0.83. And the median was 1.82.


Be Aware

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


Nanya Technology Cyclically Adjusted Book per Share Related Terms

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


Nanya Technology (TPE:2408) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 98, Nanlin Road, Dake Village, Taishan District, New Taipei City, TWN, 243-08
Nanya Technology Corp is a manufacturer that specializes in DRAM(Dynamic Random Access Memory) chips. The products offered by the company include Standard DRAM, Low Power DRAM, MCP, and Module among others.

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