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Eva Airways (TPE:2618) Cyclically Adjusted Book per Share : NT$16.24 (As of Mar. 2024)


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What is Eva Airways 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.

Eva Airways's adjusted book value per share for the three months ended in Mar. 2024 was NT$18.521. 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$16.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Eva Airways's average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% 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 Eva Airways was 9.20% per year. The lowest was 7.70% per year. And the median was 8.45% per year.

As of today (2024-06-08), Eva Airways's current stock price is NT$36.90. Eva Airways's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$16.24. Eva Airways's Cyclically Adjusted PB Ratio of today is 2.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Eva Airways was 2.69. The lowest was 0.67. And the median was 1.63.


Eva Airways Cyclically Adjusted Book per Share Historical Data

The historical data trend for Eva Airways'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.

Eva Airways Cyclically Adjusted Book per Share Chart

Eva Airways 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 11.72 12.11 13.30 14.63 15.78

Eva Airways 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 15.01 15.34 15.63 15.78 16.24

Competitive Comparison of Eva Airways's Cyclically Adjusted Book per Share

For the Airlines subindustry, Eva Airways'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.


Eva Airways's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Eva Airways's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Eva Airways 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, Eva Airways'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)
=18.521/131.7762*131.7762
=18.521

Current CPI (Mar. 2024) = 131.7762.

Eva Airways Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.889 100.560 11.648
201409 9.171 100.428 12.034
201412 8.942 99.070 11.894
201503 10.266 99.621 13.580
201506 10.798 100.684 14.133
201509 10.995 100.392 14.432
201512 10.728 99.792 14.166
201603 11.113 100.470 14.576
201606 11.400 101.688 14.773
201609 12.013 101.861 15.541
201612 11.710 101.863 15.149
201703 11.529 102.862 14.770
201706 11.691 103.349 14.907
201709 12.695 104.136 16.065
201712 12.735 104.011 16.135
201803 13.079 105.290 16.369
201806 13.323 106.317 16.513
201809 13.892 106.507 17.188
201812 14.089 105.998 17.515
201903 14.387 107.251 17.677
201906 13.739 108.070 16.753
201909 14.020 108.329 17.054
201912 14.680 108.420 17.842
202003 13.759 108.902 16.649
202006 14.113 108.767 17.098
202009 14.053 109.815 16.863
202012 14.587 109.897 17.491
202103 14.135 111.754 16.667
202106 14.718 114.631 16.919
202109 14.689 115.734 16.725
202112 16.670 117.630 18.675
202203 16.440 121.301 17.860
202206 16.433 125.017 17.321
202209 15.751 125.227 16.575
202212 16.412 125.222 17.271
202303 16.664 127.348 17.243
202306 17.619 128.729 18.036
202309 18.393 129.860 18.664
202312 19.810 129.419 20.171
202403 18.521 131.776 18.521

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


Eva Airways  (TPE:2618) 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.

Eva Airways's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=36.90/16.24
=2.27

* 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 Eva Airways was 2.69. The lowest was 0.67. And the median was 1.63.


Be Aware

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


Eva Airways Cyclically Adjusted Book per Share Related Terms

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


Eva Airways (TPE:2618) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 376, Hsin-Nan Road, Sector 1, Luchu District, Taoyuan, TWN
Eva Airways Corp is an aviation transportation business. The company business activities includes wholw sales and retail sales of medical devices. The company is domiciled in Taiwan, and generates the majority of revenue domestically.

Eva Airways (TPE:2618) Headlines

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