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Wellell (TPE:4106) Cyclically Adjusted Book per Share : NT$24.43 (As of Mar. 2024)


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What is Wellell 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.

Wellell's adjusted book value per share for the three months ended in Mar. 2024 was NT$23.097. 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$24.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Wellell's average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.10% 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 Wellell was 5.10% per year. The lowest was 4.70% per year. And the median was 4.90% per year.

As of today (2024-06-09), Wellell's current stock price is NT$28.05. Wellell's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$24.43. Wellell's Cyclically Adjusted PB Ratio of today is 1.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wellell was 2.27. The lowest was 0.85. And the median was 1.24.


Wellell Cyclically Adjusted Book per Share Historical Data

The historical data trend for Wellell'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.

Wellell Cyclically Adjusted Book per Share Chart

Wellell 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 20.44 20.73 22.23 23.45 24.08

Wellell 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 23.82 24.04 24.22 24.08 24.43

Competitive Comparison of Wellell's Cyclically Adjusted Book per Share

For the Medical Devices subindustry, Wellell'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.


Wellell's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Wellell's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Wellell 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, Wellell'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)
=23.097/131.7762*131.7762
=23.097

Current CPI (Mar. 2024) = 131.7762.

Wellell Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.974 100.560 26.175
201409 20.467 100.428 26.856
201412 20.822 99.070 27.696
201503 21.040 99.621 27.831
201506 20.821 100.684 27.251
201509 19.225 100.392 25.235
201512 20.024 99.792 26.442
201603 20.120 100.470 26.389
201606 18.934 101.688 24.536
201609 18.592 101.861 24.052
201612 18.642 101.863 24.117
201703 18.365 102.862 23.527
201706 18.865 103.349 24.054
201709 19.124 104.136 24.200
201712 19.263 104.011 24.405
201803 19.684 105.290 24.636
201806 19.061 106.317 23.625
201809 19.284 106.507 23.859
201812 20.008 105.998 24.874
201903 20.544 107.251 25.242
201906 20.037 108.070 24.432
201909 19.851 108.329 24.148
201912 20.077 108.420 24.402
202003 19.886 108.902 24.063
202006 19.901 108.767 24.111
202009 20.404 109.815 24.484
202012 20.827 109.897 24.973
202103 20.959 111.754 24.714
202106 21.082 114.631 24.235
202109 20.557 115.734 23.406
202112 20.405 117.630 22.859
202203 21.049 121.301 22.867
202206 20.515 125.017 21.624
202209 21.192 125.227 22.300
202212 22.012 125.222 23.164
202303 22.649 127.348 23.437
202306 22.626 128.729 23.162
202309 22.980 129.860 23.319
202312 23.149 129.419 23.571
202403 23.097 131.776 23.097

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


Wellell  (TPE:4106) 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.

Wellell's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=28.05/24.43
=1.15

* 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 Wellell was 2.27. The lowest was 0.85. And the median was 1.24.


Be Aware

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


Wellell Cyclically Adjusted Book per Share Related Terms

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


Wellell (TPE:4106) Business Description

Traded in Other Exchanges
N/A
Address
No. 9, Min Sheng Street, Tucheng District, Taipei, TWN, 23679
Wellell Inc engages in the manufacturing and sale of medical supplies, import, and export as well as agency services. It provides medical solutions for post-acute care and acute care. The company's products include pressure area care, support surfaces, respiratory therapy, compression therapy, and digital health.

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