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Huaku Development Co (TPE:2548) Cyclically Adjusted Book per Share : NT$68.29 (As of Mar. 2024)


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What is Huaku Development 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.

Huaku Development Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$67.336. 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$68.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Huaku Development Co's average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.90% 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 Huaku Development Co was 7.90% per year. The lowest was 7.50% per year. And the median was 7.70% per year.

As of today (2024-06-08), Huaku Development Co's current stock price is NT$172.50. Huaku Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$68.29. Huaku Development Co's Cyclically Adjusted PB Ratio of today is 2.53.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Huaku Development Co was 2.53. The lowest was 1.35. And the median was 1.59.


Huaku Development Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Huaku Development 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.

Huaku Development Co Cyclically Adjusted Book per Share Chart

Huaku Development 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 51.48 53.25 58.29 63.87 66.92

Huaku Development 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 65.12 66.00 66.81 66.92 68.29

Competitive Comparison of Huaku Development Co's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Huaku Development 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.


Huaku Development Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Huaku Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Huaku Development 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, Huaku Development 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)
=67.336/131.7762*131.7762
=67.336

Current CPI (Mar. 2024) = 131.7762.

Huaku Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 39.819 100.560 52.180
201409 40.463 100.428 53.093
201412 46.410 99.070 61.732
201503 50.587 99.621 66.915
201506 48.120 100.684 62.980
201509 49.598 100.392 65.103
201512 50.876 99.792 67.182
201603 50.750 100.470 66.563
201606 44.986 101.688 58.297
201609 48.955 101.861 63.332
201612 53.837 101.863 69.647
201703 53.935 102.862 69.096
201706 49.285 103.349 62.841
201709 55.610 104.136 70.371
201712 56.044 104.011 71.005
201803 56.884 105.290 71.194
201806 52.855 106.317 65.512
201809 53.014 106.507 65.592
201812 54.003 105.998 67.136
201903 54.417 107.251 66.861
201906 51.064 108.070 62.266
201909 60.118 108.329 73.130
201912 60.307 108.420 73.298
202003 60.845 108.902 73.625
202006 59.242 108.767 71.774
202009 60.809 109.815 72.970
202012 62.874 109.897 75.392
202103 56.552 111.754 66.684
202106 57.733 114.631 66.368
202109 61.898 115.734 70.478
202112 66.433 117.630 74.423
202203 68.948 121.301 74.902
202206 68.886 125.017 72.611
202209 69.870 125.227 73.524
202212 69.656 125.222 73.302
202303 73.950 127.348 76.522
202306 67.530 128.729 69.129
202309 69.786 129.860 70.816
202312 75.104 129.419 76.472
202403 67.336 131.776 67.336

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


Huaku Development Co  (TPE:2548) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=172.50/68.29
=2.53

* 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 Huaku Development Co was 2.53. The lowest was 1.35. And the median was 1.59.


Be Aware

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


Huaku Development Co Cyclically Adjusted Book per Share Related Terms

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


Huaku Development Co (TPE:2548) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 456, Xinyi road, 7th Floor, Section 4, Xinyi District, Taipei, TWN
Huaku Development Co Ltd is a Taiwan-based real estate company, which focuses on constructing, leasing, and distributing residential and commercial buildings in Taiwan and mainland China. The company also operates in the sale and lease of industrial properties such as warehouses and factories, as well as interior decoration engineering. The Huaku Development provides a variety of property types, including residential properties, shops, industrial factories, and parking lots.

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