Mitsubishi Electric (Mitsubishi Electric) Book Value per Share : $22.61 (As of Dec. 2023)

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What is Mitsubishi Electric Book Value per Share?

Mitsubishi Electric's book value per share for the quarter that ended in Dec. 2023 was $22.61.

During the past 12 months, Mitsubishi Electric's average Book Value Per Share Growth Rate was 11.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.80% 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 book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mitsubishi Electric was 33.70% per year. The lowest was -17.10% per year. And the median was 8.65% per year.

Mitsubishi Electric's current price is $32.38. Its book value per share for the quarter that ended in Dec. 2023 was $22.61. Hence, today's PB Ratio of Mitsubishi Electric is 1.43.

During the past 13 years, the highest P/B Ratio of Mitsubishi Electric was 2.07. The lowest was 0.88. And the median was 1.38.

Mitsubishi Electric Book Value per Share Historical Data

The historical data trend for Mitsubishi Electric's Book Value 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.

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Mitsubishi Electric Book Value per Share Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Book Value per Share

Get a 7-Day Free Trial

20.13

21.04

23.62

23.77

22.95

Mitsubishi Electric Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Book Value per Share	Get a 7-Day Free Trial															21.58	22.95	22.46	21.96	22.61

Competitive Comparison of Mitsubishi Electric's Book Value per Share

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric's PB Ratio, along with its competitors' market caps and 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.

Mitsubishi Electric's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's PB Ratio distribution charts can be found below:

* The bar in red indicates where Mitsubishi Electric's PB Ratio falls into.

Mitsubishi Electric Book Value per Share Calculation

Mitsubishi Electric's Book Value Per Share for the fiscal year that ended in Mar. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(24,233	-	0)	/	1,056
	=	22.95

Mitsubishi Electric's Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(23,646	-	0)	/	1,046
	=	22.61

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Mitsubishi Electric (OTCPK:MIELY) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Mitsubishi Electric Book Value per Share Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » Book Value per Share

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Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.