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Benesse Holdings (Benesse Holdings) Cyclically Adjusted Book per Share : $12.02 (As of Mar. 2024)


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What is Benesse Holdings 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.

Benesse Holdings's adjusted book value per share for the three months ended in Mar. 2024 was $10.344. 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 $12.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Benesse Holdings's average Cyclically Adjusted Book Growth Rate was -1.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.10% 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 Benesse Holdings was -0.80% per year. The lowest was -1.20% per year. And the median was -1.10% per year.

As of today (2024-05-21), Benesse Holdings's current stock price is $16.75. Benesse Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $12.02. Benesse Holdings's Cyclically Adjusted PB Ratio of today is 1.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Benesse Holdings was 23535674.81. The lowest was 0.99. And the median was 1.45.


Benesse Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Benesse Holdings'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.

Benesse Holdings Cyclically Adjusted Book per Share Chart

Benesse Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.35 17.12 14.71 13.64 12.02

Benesse Holdings 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 13.64 12.50 12.46 13.17 12.02

Competitive Comparison of Benesse Holdings's Cyclically Adjusted Book per Share

For the Education & Training Services subindustry, Benesse Holdings'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.


Benesse Holdings's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Benesse Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Benesse Holdings 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, Benesse Holdings'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)
=10.344/107.2000*107.2000
=10.344

Current CPI (Mar. 2024) = 107.2000.

Benesse Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.239 98.000 19.951
201409 18.375 98.500 19.998
201412 16.752 97.900 18.343
201503 15.626 97.900 17.110
201506 14.808 98.400 16.132
201509 15.701 98.500 17.088
201512 15.383 98.100 16.810
201603 14.964 97.900 16.386
201606 15.155 98.100 16.561
201609 16.149 98.000 17.665
201612 14.000 98.400 15.252
201703 14.580 98.100 15.932
201706 14.335 98.500 15.601
201709 14.954 98.800 16.225
201712 15.492 99.400 16.708
201803 15.789 99.200 17.062
201806 14.438 99.200 15.602
201809 14.872 99.900 15.959
201812 14.873 99.700 15.992
201903 14.909 99.700 16.031
201906 14.939 99.800 16.047
201909 15.902 100.100 17.030
201912 15.878 100.500 16.937
202003 15.359 100.300 16.416
202006 14.762 99.900 15.841
202009 15.775 99.900 16.928
202012 16.224 99.300 17.515
202103 15.280 99.900 16.397
202106 12.644 99.500 13.622
202109 13.385 100.100 14.334
202112 13.193 100.100 14.129
202203 12.316 101.100 13.059
202206 10.568 101.800 11.129
202209 10.523 103.100 10.941
202212 11.375 104.100 11.714
202303 11.288 104.400 11.591
202306 10.492 105.200 10.691
202309 10.519 106.200 10.618
202312 10.989 106.800 11.030
202403 10.344 107.200 10.344

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


Benesse Holdings  (OTCPK:BSEFY) 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.

Benesse Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.75/12.02
=1.39

* 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 Benesse Holdings was 23535674.81. The lowest was 0.99. And the median was 1.45.


Be Aware

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


Benesse Holdings Cyclically Adjusted Book per Share Related Terms

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


Benesse Holdings (Benesse Holdings) Business Description

Traded in Other Exchanges
Address
3-7-17 Minamigata, Kita-ku, Okayama, JPN, 700-0807
Benesse Holdings Inc is a Japanese holding company that operates educational facilities, nursing homes, and child care services. The company's main segment operates elementary, junior high, and high schools across Japan. The company also provides course materials and exam preparation materials. In addition, Benesse Holdings operates branded preschools as well as nursing and elderly care facilities. Enrollment tuition in elementary and junior high schools provides the largest source of revenue for the company. Benesse Holdings also operates educational services in China, Taiwan, South Korea, and the United States.

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