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JGC Holdings (FRA:VJC) Cyclically Adjusted Book per Share : €10.55 (As of Dec. 2023)


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What is JGC 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.

JGC Holdings's adjusted book value per share for the three months ended in Dec. 2023 was €10.600. 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 €10.55 for the trailing ten years ended in Dec. 2023.

During the past 12 months, JGC Holdings'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 JGC Holdings was 7.90% per year. The lowest was 3.60% per year. And the median was 4.20% per year.

As of today (2024-06-10), JGC Holdings's current stock price is €7.05. JGC Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €10.55. JGC Holdings's Cyclically Adjusted PB Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of JGC Holdings was 2.28. The lowest was 0.50. And the median was 1.13.


JGC Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for JGC 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.

JGC Holdings Cyclically Adjusted Book per Share Chart

JGC 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 12.03 11.36 11.29 11.07 -

JGC 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 11.07 10.29 10.46 10.55 -

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

For the Engineering & Construction subindustry, JGC 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.


JGC Holdings's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, JGC Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



JGC 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, JGC Holdings'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)
=10.6/106.8000*106.8000
=10.600

Current CPI (Dec. 2023) = 106.8000.

JGC Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.486 95.700 11.702
201406 10.631 98.000 11.586
201409 11.091 98.500 12.026
201412 10.950 97.900 11.945
201503 11.785 97.900 12.856
201506 11.208 98.400 12.165
201509 12.124 98.500 13.146
201512 12.712 98.100 13.839
201603 13.195 97.900 14.395
201606 13.655 98.100 14.866
201609 13.338 98.000 14.536
201612 12.906 98.400 14.008
201703 12.544 98.100 13.656
201706 12.104 98.500 13.124
201709 11.704 98.800 12.652
201712 11.869 99.400 12.753
201803 11.964 99.200 12.881
201806 12.067 99.200 12.991
201809 12.122 99.900 12.959
201812 12.299 99.700 13.175
201903 12.916 99.700 13.836
201906 13.000 99.800 13.912
201909 13.336 100.100 14.229
201912 13.212 100.500 14.040
202003 13.007 100.300 13.850
202006 13.025 99.900 13.925
202009 12.825 99.900 13.711
202012 12.829 99.300 13.798
202103 12.768 99.900 13.650
202106 10.731 99.500 11.518
202109 11.127 100.100 11.872
202112 11.400 100.100 12.163
202203 11.737 101.100 12.399
202206 11.130 101.800 11.677
202209 11.405 103.100 11.814
202212 11.444 104.100 11.741
202303 11.540 104.400 11.805
202306 10.866 105.200 11.031
202309 10.596 106.200 10.656
202312 10.600 106.800 10.600

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


JGC Holdings  (FRA:VJC) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.05/10.55
=0.67

* 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 JGC Holdings was 2.28. The lowest was 0.50. And the median was 1.13.


Be Aware

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


JGC Holdings Cyclically Adjusted Book per Share Related Terms

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


JGC Holdings (FRA:VJC) Business Description

Industry
Traded in Other Exchanges
Address
2-3-1, Minato Mirai, Nishi-Ku, Kanagawa, Yokohama-shi, JPN, 220-6001
JGC Holdings Corp offers planning, consulting, materials procurement, construction, operation, and maintenance for various plants and facilities. In addition, it invests in oil and gas field development projects and utility businesses. The company has two operating segments: total engineering the (majority of total revenue); and catalysts and fine products. It constructs and performs tests on machinery and plants for multiple energy and industrial markets. The company utilizes engineering technology and project management capabilities. Additional sales are generated from providing operational support after completion of projects. Asia is an important region for the company, but the company also sells to Australia, the Middle East, and North America.

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