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Chailease Holding Co (TPE:5871) Cyclically Adjusted Book per Share : NT$56.91 (As of Mar. 2024)


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What is Chailease Holding 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.

Chailease Holding Co's adjusted book value per share for the three months ended in Mar. 2024 was NT$97.810. 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$56.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chailease Holding Co's average Cyclically Adjusted Book Growth Rate was 17.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 21.50% 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 Chailease Holding Co was 21.50% per year. The lowest was 20.20% per year. And the median was 20.85% per year.

As of today (2024-06-06), Chailease Holding Co's current stock price is NT$155.50. Chailease Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$56.91. Chailease Holding Co's Cyclically Adjusted PB Ratio of today is 2.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Chailease Holding Co was 7.41. The lowest was 2.64. And the median was 4.50.


Chailease Holding Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Chailease Holding 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.

Chailease Holding Co Cyclically Adjusted Book per Share Chart

Chailease Holding 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 26.41 30.20 37.15 45.92 54.19

Chailease Holding 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 48.44 50.56 52.68 54.19 56.91

Competitive Comparison of Chailease Holding Co's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Chailease Holding 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.


Chailease Holding Co's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Chailease Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Chailease Holding 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, Chailease Holding 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)
=97.81/131.7762*131.7762
=97.810

Current CPI (Mar. 2024) = 131.7762.

Chailease Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.015 100.560 27.539
201409 22.756 100.428 29.859
201412 24.532 99.070 32.631
201503 25.613 99.621 33.880
201506 24.373 100.684 31.900
201509 26.278 100.392 34.493
201512 27.066 99.792 35.741
201603 28.109 100.470 36.868
201606 26.293 101.688 34.073
201609 27.006 101.861 34.937
201612 28.083 101.863 36.330
201703 28.841 102.862 36.948
201706 27.817 103.349 35.468
201709 29.826 104.136 37.743
201712 34.545 104.011 43.767
201803 36.472 105.290 45.647
201806 35.699 106.317 44.248
201809 37.250 106.507 46.088
201812 39.407 105.998 48.991
201903 42.135 107.251 51.770
201906 41.059 108.070 50.066
201909 42.735 108.329 51.985
201912 44.910 108.420 54.585
202003 46.628 108.902 56.422
202006 45.220 108.767 54.786
202009 57.230 109.815 68.675
202012 60.511 109.897 72.558
202103 63.513 111.754 74.892
202106 62.056 114.631 71.337
202109 65.586 115.734 74.677
202112 69.606 117.630 77.977
202203 75.841 121.301 82.390
202206 73.741 125.017 77.728
202209 83.536 125.227 87.905
202212 86.599 125.222 91.132
202303 90.835 127.348 93.994
202306 86.846 128.729 88.902
202309 92.281 129.860 93.643
202312 94.427 129.419 96.147
202403 97.810 131.776 97.810

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


Chailease Holding Co  (TPE:5871) 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.

Chailease Holding Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=155.50/56.91
=2.73

* 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 Chailease Holding Co was 7.41. The lowest was 2.64. And the median was 4.50.


Be Aware

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


Chailease Holding Co Cyclically Adjusted Book per Share Related Terms

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


Chailease Holding Co (TPE:5871) Business Description

Traded in Other Exchanges
Address
No. 362, Ruiguang Road, Neihu District, Taipei, TWN
Chailease Holding Co Ltd provides various forms of financing and primarily operates in Taiwan and mainland China. The company also has a presence in the Western United States. Its main products and services include leasing, instalment sales, import/export financing, and direct financing to corporations and small and medium-sized enterprises. The company began operations by primarily providing asset-backed financing to companies in heavy industries to help with their property, plant, and equipment needs. The majority of the company's revenue is interest income. Geographically, the company's revenue is split nearly evenly between Taiwan, China, and ASEAN regions.

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