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Acer (WBO:AC5G) Cyclically Adjusted Book per Share : €1.52 (As of Mar. 2024)


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What is Acer 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.

Acer's adjusted book value per share for the three months ended in Mar. 2024 was €3.560. 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 €1.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Acer's average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.10% 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 Acer was 0.10% per year. The lowest was -0.70% per year. And the median was -0.30% per year.

As of today (2024-06-10), Acer's current stock price is €2.88. Acer's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €1.52. Acer's Cyclically Adjusted PB Ratio of today is 1.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Acer was 2.34. The lowest was 0.56. And the median was 1.04.


Acer Cyclically Adjusted Book per Share Historical Data

The historical data trend for Acer'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.

Acer Cyclically Adjusted Book per Share Chart

Acer 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 3.44 2.93 2.28 2.96 1.29

Acer 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 2.48 2.22 1.93 1.29 1.52

Competitive Comparison of Acer's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Acer'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.


Acer's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Acer 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, Acer'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)
=3.56/131.7762*131.7762
=3.560

Current CPI (Mar. 2024) = 131.7762.

Acer Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.508 100.560 3.287
201409 2.656 100.428 3.485
201412 2.845 99.070 3.784
201503 3.100 99.621 4.101
201506 3.014 100.684 3.945
201509 2.984 100.392 3.917
201512 3.046 99.792 4.022
201603 2.972 100.470 3.898
201606 2.909 101.688 3.770
201609 2.929 101.861 3.789
201612 2.823 101.863 3.652
201703 2.772 102.862 3.551
201706 2.696 103.349 3.438
201709 2.612 104.136 3.305
201712 2.672 104.011 3.385
201803 2.634 105.290 3.297
201806 2.697 106.317 3.343
201809 2.658 106.507 3.289
201812 2.747 105.998 3.415
201903 2.811 107.251 3.454
201906 2.707 108.070 3.301
201909 2.818 108.329 3.428
201912 2.841 108.420 3.453
202003 2.715 108.902 3.285
202006 2.778 108.767 3.366
202009 2.786 109.815 3.343
202012 2.928 109.897 3.511
202103 2.899 111.754 3.418
202106 2.983 114.631 3.429
202109 3.141 115.734 3.576
202112 3.384 117.630 3.791
202203 3.238 121.301 3.518
202206 3.318 125.017 3.497
202209 3.581 125.227 3.768
202212 3.384 125.222 3.561
202303 3.219 127.348 3.331
202306 3.518 128.729 3.601
202309 3.674 129.860 3.728
202312 3.647 129.419 3.713
202403 3.560 131.776 3.560

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


Acer  (WBO:AC5G) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.88/1.52
=1.89

* 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 Acer was 2.34. The lowest was 0.56. And the median was 1.04.


Be Aware

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


Acer Cyclically Adjusted Book per Share Related Terms

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


Acer (WBO:AC5G) Business Description

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Address
No. 369, Fuxing North Road, Songshan District, Taipei, TWN, 105
Acer Inc is a hardware and electronics company specializing in advanced electronics technology. Its products are sold under three brands: Acer, Gateway, and Packard Bell. It include desktop PCs, clamshell laptops, 2-in-1 laptops, convertible laptops, Chromebooks, tablets, servers, storage devices, virtual reality devices, displays, smartphones, and peripherals. A large majority of the firm's revenue is derived from personal computers and the rest from peripherals and other products. The firm generates revenue in the Americas, Mainland China, Taiwan, and other countries across the world.

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