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Fanuc (FRA:FUCA) Cyclically Adjusted Book per Share : €5.02 (As of Dec. 2023)


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What is Fanuc 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.

Fanuc's adjusted book value per share for the three months ended in Dec. 2023 was €5.515. 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 €5.02 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Fanuc's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Fanuc was 9.60% per year. The lowest was 4.30% per year. And the median was 6.25% per year.

As of today (2024-05-31), Fanuc's current stock price is €12.70. Fanuc's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €5.02. Fanuc's Cyclically Adjusted PB Ratio of today is 2.53.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fanuc was 5.86. The lowest was 1.87. And the median was 3.54.


Fanuc Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fanuc'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.

Fanuc Cyclically Adjusted Book per Share Chart

Fanuc 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 5.35 5.23 5.23 5.21 -

Fanuc 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 5.21 4.88 4.97 5.02 -

Competitive Comparison of Fanuc's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Fanuc'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.


Fanuc's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Fanuc 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, Fanuc'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)
=5.515/106.8000*106.8000
=5.515

Current CPI (Dec. 2023) = 106.8000.

Fanuc Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.311 95.700 4.811
201406 4.493 98.000 4.896
201409 4.723 98.500 5.121
201412 4.611 97.900 5.030
201503 5.410 97.900 5.902
201506 5.951 98.400 6.459
201509 6.241 98.500 6.767
201512 6.261 98.100 6.816
201603 5.427 97.900 5.920
201606 5.582 98.100 6.077
201609 5.909 98.000 6.440
201612 5.620 98.400 6.100
201703 5.823 98.100 6.339
201706 5.663 98.500 6.140
201709 5.556 98.800 6.006
201712 5.534 99.400 5.946
201803 5.766 99.200 6.208
201806 5.807 99.200 6.252
201809 5.889 99.900 6.296
201812 5.699 99.700 6.105
201903 5.906 99.700 6.327
201906 5.706 99.800 6.106
201909 5.918 100.100 6.314
201912 5.794 100.500 6.157
202003 5.938 100.300 6.323
202006 5.805 99.900 6.206
202009 5.744 99.900 6.141
202012 5.735 99.300 6.168
202103 5.806 99.900 6.207
202106 5.631 99.500 6.044
202109 5.919 100.100 6.315
202112 5.974 100.100 6.374
202203 6.131 101.100 6.477
202206 5.769 101.800 6.052
202209 5.958 103.100 6.172
202212 5.806 104.100 5.957
202303 5.923 104.400 6.059
202306 5.582 105.200 5.667
202309 5.576 106.200 5.608
202312 5.515 106.800 5.515

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


Fanuc  (FRA:FUCA) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.70/5.02
=2.53

* 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 Fanuc was 5.86. The lowest was 1.87. And the median was 3.54.


Be Aware

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


Fanuc Cyclically Adjusted Book per Share Related Terms

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


Fanuc (FRA:FUCA) Business Description

Industry
Traded in Other Exchanges
Address
3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, JPN, 401-0597
Fanuc provides factory automation products, such as industrial robots, computerized numerical control systems, and compact machining centers (Robodrills) globally. The company had its beginnings as part of Fujitsu developing early numerical control systems and now commands the top global market share with its CNC systems and industrial robots.

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