GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Taiwan Mobile Co Ltd (TPE:3045) » Definitions » Cyclically Adjusted Book per Share

Taiwan Mobile Co (TPE:3045) Cyclically Adjusted Book per Share : NT$26.83 (As of Mar. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Taiwan Mobile 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.

Taiwan Mobile Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$29.042. 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$26.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Taiwan Mobile Co's average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.30% 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 Taiwan Mobile Co was 6.30% per year. The lowest was 6.30% per year. And the median was 6.30% per year.

As of today (2024-06-02), Taiwan Mobile Co's current stock price is NT$105.50. Taiwan Mobile Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$26.83. Taiwan Mobile Co's Cyclically Adjusted PB Ratio of today is 3.93.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Taiwan Mobile Co was 5.87. The lowest was 3.54. And the median was 4.33.


Taiwan Mobile Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Taiwan Mobile 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.

Taiwan Mobile Co Cyclically Adjusted Book per Share Chart

Taiwan Mobile 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 21.43 21.97 24.04 25.73 26.38

Taiwan Mobile 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 26.03 26.36 26.47 26.38 26.83

Competitive Comparison of Taiwan Mobile Co's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Taiwan Mobile 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.


Taiwan Mobile Co's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Taiwan Mobile Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Taiwan Mobile 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, Taiwan Mobile 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)
=29.042/131.7762*131.7762
=29.042

Current CPI (Mar. 2024) = 131.7762.

Taiwan Mobile Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.742 100.560 24.560
201409 20.111 100.428 26.389
201412 22.133 99.070 29.440
201503 23.428 99.621 30.990
201506 19.170 100.684 25.090
201509 20.476 100.392 26.877
201512 21.879 99.792 28.891
201603 23.423 100.470 30.721
201606 19.295 101.688 25.004
201609 20.896 101.861 27.033
201612 22.195 101.863 28.713
201703 23.718 102.862 30.385
201706 19.709 103.349 25.130
201709 21.081 104.136 26.677
201712 21.907 104.011 27.755
201803 24.408 105.290 30.548
201806 20.190 106.317 25.025
201809 21.530 106.507 26.638
201812 22.733 105.998 28.262
201903 24.332 107.251 29.896
201906 21.414 108.070 26.111
201909 22.894 108.329 27.849
201912 24.316 108.420 29.554
202003 24.826 108.902 30.041
202006 21.516 108.767 26.068
202009 22.539 109.815 27.046
202012 23.231 109.897 27.856
202103 24.291 111.754 28.643
202106 21.155 114.631 24.319
202109 22.176 115.734 25.250
202112 23.282 117.630 26.082
202203 24.152 121.301 26.238
202206 20.764 125.017 21.887
202209 21.803 125.227 22.943
202212 22.858 125.222 24.054
202303 23.853 127.348 24.682
202306 20.706 128.729 21.196
202309 21.516 129.860 21.834
202312 28.045 129.419 28.556
202403 29.042 131.776 29.042

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


Taiwan Mobile Co  (TPE:3045) 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.

Taiwan Mobile Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=105.50/26.83
=3.93

* 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 Taiwan Mobile Co was 5.87. The lowest was 3.54. And the median was 4.33.


Be Aware

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


Taiwan Mobile Co Cyclically Adjusted Book per Share Related Terms

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


Taiwan Mobile Co (TPE:3045) Business Description

Traded in Other Exchanges
N/A
Address
No. 88, YanChang Road, 13th Floor, Taipei, TWN, 110
Taiwan Mobile Co Ltd is engaged in providing wireless communication service, sale of mobile phones, and accessories, games, ebooks, and value-added services. The reportable segments of the company are telecommunication, retail, cable television, and others. The telecommunication segment engages in providing mobile communication services, data mobile services, and fixed line services retail segment in providing online shopping, TV shopping, and catalog shopping, cable television in providing pay TV and cable broadband services, and others in business other than telecommunication, retail, and cable television. The company derives the majority of its revenue from the telecommunication and retail segment.

Taiwan Mobile Co (TPE:3045) Headlines

No Headlines