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Synopex (XKRX:025320) Cyclically Adjusted Book per Share : ₩1,317.55 (As of Mar. 2024)


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What is Synopex 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.

Synopex's adjusted book value per share for the three months ended in Mar. 2024 was ₩1,721.532. 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 ₩1,317.55 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Synopex's average Cyclically Adjusted Book Growth Rate was -0.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -5.70% 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 Synopex was -1.80% per year. The lowest was -10.40% per year. And the median was -8.60% per year.

As of today (2024-06-07), Synopex's current stock price is ₩10940.00. Synopex's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩1,317.55. Synopex's Cyclically Adjusted PB Ratio of today is 8.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Synopex was 8.87. The lowest was 0.70. And the median was 1.96.


Synopex Cyclically Adjusted Book per Share Historical Data

The historical data trend for Synopex'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.

Synopex Cyclically Adjusted Book per Share Chart

Synopex 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 1,557.75 1,396.98 1,293.59 1,318.60 1,322.64

Synopex 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 1,322.97 1,318.23 1,333.02 1,322.64 1,317.55

Competitive Comparison of Synopex's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Synopex'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.


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

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

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



Synopex 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, Synopex'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)
=1721.532/118.8477*118.8477
=1,721.532

Current CPI (Mar. 2024) = 118.8477.

Synopex Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,439.224 99.353 1,721.624
201409 1,602.781 99.608 1,912.365
201412 1,495.692 99.098 1,793.775
201503 1,425.328 99.720 1,698.726
201506 1,350.764 100.050 1,604.550
201509 1,305.198 100.110 1,549.493
201512 957.282 100.220 1,135.210
201603 965.511 100.560 1,141.097
201606 1,076.685 100.790 1,269.586
201609 1,098.822 101.460 1,287.133
201612 995.602 101.560 1,165.075
201703 1,151.354 102.850 1,330.440
201706 1,196.439 102.610 1,385.772
201709 1,244.192 103.490 1,428.827
201712 783.987 102.990 904.700
201803 857.380 104.100 978.844
201806 922.428 104.130 1,052.804
201809 1,049.399 105.650 1,180.489
201812 915.955 104.350 1,043.212
201903 942.967 104.490 1,072.538
201906 1,015.352 104.880 1,150.574
201909 1,108.356 105.200 1,252.144
201912 1,071.034 105.120 1,210.901
202003 1,137.047 105.540 1,280.419
202006 1,080.426 104.870 1,224.432
202009 1,079.469 106.200 1,208.026
202012 967.033 105.765 1,086.647
202103 993.615 107.357 1,099.962
202106 962.644 107.579 1,063.483
202109 1,028.233 108.759 1,123.612
202112 1,137.938 109.676 1,233.094
202203 1,209.197 111.806 1,285.356
202206 1,270.045 114.083 1,323.091
202209 1,368.340 114.831 1,416.200
202212 1,308.184 115.200 1,349.604
202303 1,391.304 116.550 1,418.737
202306 1,416.169 117.140 1,436.816
202309 1,548.581 119.111 1,545.155
202312 1,616.152 118.848 1,616.152
202403 1,721.532 118.848 1,721.532

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


Synopex  (XKRX:025320) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10940.00/1317.55
=8.30

* 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 Synopex was 8.87. The lowest was 0.70. And the median was 1.96.


Be Aware

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


Synopex Cyclically Adjusted Book per Share Related Terms

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


Synopex (XKRX:025320) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Synopex Inc (XKRX:025320) » Definitions » Cyclically Adjusted Book per Share
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Address
Pohang Steel Industrial Estate 3, 856 Songdong-ri Daesong-myeon, Pohang, KOR, 790-840
Synopex Inc is engaged in the provision of flexible printed circuit boards (FPCB) for connecting circuits between electronic components and used in computers and peripherals, cell phones, printers, and medical equipment. It also provides membrane filtration water purification facilities.

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