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Daio Paper (FRA:DPR) Cyclically Adjusted Book per Share : €8.39 (As of Dec. 2023)


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What is Daio Paper 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.

Daio Paper's adjusted book value per share for the three months ended in Dec. 2023 was €9.446. 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 €8.39 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Daio Paper's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.80% 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 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 Daio Paper was 7.50% per year. The lowest was 4.00% per year. And the median was 5.60% per year.

As of today (2024-05-16), Daio Paper's current stock price is €5.80. Daio Paper's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €8.39. Daio Paper's Cyclically Adjusted PB Ratio of today is 0.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Daio Paper was 2.04. The lowest was 0.76. And the median was 1.39.


Daio Paper Cyclically Adjusted Book per Share Historical Data

The historical data trend for Daio Paper'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.

Daio Paper Cyclically Adjusted Book per Share Chart

Daio Paper 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 8.50 8.12 8.63 8.66 -

Daio Paper 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 8.66 8.12 8.24 8.39 -

Competitive Comparison of Daio Paper's Cyclically Adjusted Book per Share

For the Paper & Paper Products subindustry, Daio Paper'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.


Daio Paper's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Daio Paper's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Daio Paper 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, Daio Paper's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.446/106.8000*106.8000
=9.446

Current CPI (Dec. 2023) = 106.8000.

Daio Paper Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.184 95.700 6.901
201406 6.480 98.000 7.062
201409 6.643 98.500 7.203
201412 6.661 97.900 7.267
201503 8.134 97.900 8.873
201506 7.769 98.400 8.432
201509 8.068 98.500 8.748
201512 8.283 98.100 9.018
201603 8.900 97.900 9.709
201606 9.397 98.100 10.230
201609 9.698 98.000 10.569
201612 9.303 98.400 10.097
201703 10.030 98.100 10.920
201706 9.723 98.500 10.542
201709 9.451 98.800 10.216
201712 9.413 99.400 10.114
201803 9.343 99.200 10.059
201806 9.486 99.200 10.213
201809 9.605 99.900 10.268
201812 9.500 99.700 10.177
201903 9.846 99.700 10.547
201906 10.221 99.800 10.938
201909 10.712 100.100 11.429
201912 10.694 100.500 11.364
202003 11.092 100.300 11.811
202006 11.152 99.900 11.922
202009 11.053 99.900 11.816
202012 11.006 99.300 11.837
202103 11.130 99.900 11.899
202106 11.119 99.500 11.935
202109 11.811 100.100 12.602
202112 11.950 100.100 12.750
202203 11.957 101.100 12.631
202206 11.380 101.800 11.939
202209 11.293 103.100 11.698
202212 10.653 104.100 10.929
202303 9.886 104.400 10.113
202306 9.391 105.200 9.534
202309 9.370 106.200 9.423
202312 9.446 106.800 9.446

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


Daio Paper  (FRA:DPR) 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.

Daio Paper's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.80/8.39
=0.69

* 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 Daio Paper was 2.04. The lowest was 0.76. And the median was 1.39.


Be Aware

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


Daio Paper Cyclically Adjusted Book per Share Related Terms

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


Daio Paper (FRA:DPR) Business Description

Industry
Traded in Other Exchanges
Address
10-2, Fujimi 2 chome, Iidabashi Grand Bloom, Chiyoda-ku, Tokyo, JPN, 102-0071
Daio Paper Corp is a Japan-based paper, pulp and paperboard manufacturer. It produces general printing paper for magazines and catalogs, newsprint, office paper, corrugated materials, kraft liner, facial and toilet tissue, paper towels etc. The company's main products Newsprint, coated paper, wood free paper, publication paper, PPC paper, carbonless paper, adhesive printing paper, functional materials, wrapping paper, household paper products like facial tissue, toilet tissue, paper towels, sanitary napkins, disposable diapers, among others, kraft linerboard (containerboard), and various types of pulp.

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