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Emerging Display Technologies (TPE:3038) Cyclically Adjusted Book per Share : NT$14.23 (As of Mar. 2024)


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What is Emerging Display Technologies 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.

Emerging Display Technologies's adjusted book value per share for the three months ended in Mar. 2024 was NT$16.767. 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$14.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Emerging Display Technologies's average Cyclically Adjusted Book Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.40% 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 Emerging Display Technologies was 8.40% per year. The lowest was 7.00% per year. And the median was 7.70% per year.

As of today (2024-06-07), Emerging Display Technologies's current stock price is NT$32.40. Emerging Display Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$14.23. Emerging Display Technologies's Cyclically Adjusted PB Ratio of today is 2.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Emerging Display Technologies was 3.11. The lowest was 1.22. And the median was 1.73.


Emerging Display Technologies Cyclically Adjusted Book per Share Historical Data

The historical data trend for Emerging Display Technologies'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.

Emerging Display Technologies Cyclically Adjusted Book per Share Chart

Emerging Display Technologies 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 10.51 10.86 11.83 12.88 13.84

Emerging Display Technologies 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 13.19 13.46 13.73 13.84 14.23

Competitive Comparison of Emerging Display Technologies's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Emerging Display Technologies'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.


Emerging Display Technologies's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

* The bar in red indicates where Emerging Display Technologies's Cyclically Adjusted PB Ratio falls into.



Emerging Display Technologies 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, Emerging Display Technologies'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)
=16.767/131.7762*131.7762
=16.767

Current CPI (Mar. 2024) = 131.7762.

Emerging Display Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.687 100.560 11.384
201409 8.845 100.428 11.606
201412 9.076 99.070 12.072
201503 9.322 99.621 12.331
201506 9.823 100.684 12.856
201509 9.650 100.392 12.667
201512 10.597 99.792 13.993
201603 9.853 100.470 12.923
201606 10.598 101.688 13.734
201609 9.746 101.861 12.608
201612 10.058 101.863 13.012
201703 11.055 102.862 14.162
201706 10.376 103.349 13.230
201709 11.129 104.136 14.083
201712 11.288 104.011 14.301
201803 11.098 105.290 13.890
201806 10.466 106.317 12.972
201809 11.376 106.507 14.075
201812 10.727 105.998 13.336
201903 11.176 107.251 13.732
201906 11.946 108.070 14.567
201909 12.597 108.329 15.323
201912 12.732 108.420 15.475
202003 12.189 108.902 14.749
202006 12.329 108.767 14.937
202009 12.699 109.815 15.239
202012 13.052 109.897 15.651
202103 12.384 111.754 14.603
202106 12.628 114.631 14.517
202109 13.126 115.734 14.945
202112 13.642 117.630 15.283
202203 13.121 121.301 14.254
202206 12.787 125.017 13.478
202209 13.925 125.227 14.653
202212 15.241 125.222 16.039
202303 14.389 127.348 14.889
202306 15.502 128.729 15.869
202309 16.971 129.860 17.221
202312 17.416 129.419 17.733
202403 16.767 131.776 16.767

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


Emerging Display Technologies  (TPE:3038) 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.

Emerging Display Technologies's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.40/14.23
=2.28

* 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 Emerging Display Technologies was 3.11. The lowest was 1.22. And the median was 1.73.


Be Aware

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


Emerging Display Technologies Cyclically Adjusted Book per Share Related Terms

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


Emerging Display Technologies (TPE:3038) Business Description

Traded in Other Exchanges
N/A
Address
No. 5, Central 1st Road, Qianzhen District, Kaohsiung City, TWN
Emerging Display Technologies Corp is engaged in manufacturing and selling Capacity Touch Panel and liquid crystal displays (LCDs). Its operating segments include the domestic segment, the North America segment, and the mainland China segment. The domestic segment engages in designing, manufacturing, and selling liquid crystal displays modules and capacitive touch panel, and functions as operating headquarters of the Group. The North America segment mainly expands the North American trading business and implements marketing functions in North America. The North America segment engages in the sale of liquid crystal displays provided by the domestic segment. The mainland China segment engages in the manufacture of processing raw materials and supplies provided by the domestic segment.

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