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Matsui Securities Co (Matsui Securities Co) Cyclically Adjusted Book per Share : $5.27 (As of Dec. 2023)


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What is Matsui Securities Co 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.

Matsui Securities Co's adjusted book value per share for the three months ended in Dec. 2023 was $3.963. 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 $5.27 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Matsui Securities Co'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 Matsui Securities Co was 1.20% per year. The lowest was 0.70% per year. And the median was 1.10% per year.

As of today (2024-05-18), Matsui Securities Co's current stock price is $10.60. Matsui Securities Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $5.27. Matsui Securities Co's Cyclically Adjusted PB Ratio of today is 2.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Matsui Securities Co was 3.87. The lowest was 1.92. And the median was 2.48.


Matsui Securities Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Matsui Securities Co'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.

Matsui Securities Co Cyclically Adjusted Book per Share Chart

Matsui Securities Co 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 8.11 6.67 5.94 5.42 -

Matsui Securities Co 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 5.42 5.16 4.98 5.27 -

Competitive Comparison of Matsui Securities Co's Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Matsui Securities Co'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.


Matsui Securities Co's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Matsui Securities Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Matsui Securities Co 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, Matsui Securities Co'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)
=3.963/106.8000*106.8000
=3.963

Current CPI (Dec. 2023) = 106.8000.

Matsui Securities Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.498 95.700 7.252
201406 6.345 98.000 6.915
201409 6.295 98.500 6.825
201412 5.602 97.900 6.111
201503 5.825 97.900 6.355
201506 5.618 98.400 6.098
201509 6.027 98.500 6.535
201512 5.765 98.100 6.276
201603 6.396 97.900 6.977
201606 6.637 98.100 7.226
201609 7.081 98.000 7.717
201612 6.178 98.400 6.705
201703 6.542 98.100 7.122
201706 6.533 98.500 7.083
201709 6.735 98.800 7.280
201712 6.550 99.400 7.038
201803 7.254 99.200 7.810
201806 6.714 99.200 7.228
201809 6.764 99.900 7.231
201812 6.571 99.700 7.039
201903 6.767 99.700 7.249
201906 5.837 99.800 6.246
201909 5.970 100.100 6.370
201912 5.607 100.500 5.958
202003 5.805 100.300 6.181
202006 5.601 99.900 5.988
202009 5.878 99.900 6.284
202012 5.750 99.300 6.184
202103 5.672 99.900 6.064
202106 5.396 99.500 5.792
202109 5.570 100.100 5.943
202112 5.197 100.100 5.545
202203 5.164 101.100 5.455
202206 4.387 101.800 4.602
202209 4.208 103.100 4.359
202212 4.293 104.100 4.404
202303 4.442 104.400 4.544
202306 4.049 105.200 4.111
202309 4.001 106.200 4.024
202312 3.963 106.800 3.963

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


Matsui Securities Co  (OTCPK:MAUSY) 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.

Matsui Securities Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.60/5.27
=2.01

* 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 Matsui Securities Co was 3.87. The lowest was 1.92. And the median was 2.48.


Be Aware

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


Matsui Securities Co Cyclically Adjusted Book per Share Related Terms

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


Matsui Securities Co (Matsui Securities Co) Business Description

Traded in Other Exchanges
Address
1-4, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-8516
Matsui Securities Co Ltd is a Japanese online securities broker that provides services and trading platform for retail investors. The company's services include cash, margin, futures, and foreign exchange trading. Brokerage commissions and net interest income account for most of Matsui's operating revenue. The company generates the brokerage commissions through equity (cash and margin), futures and options, and foreign exchange transactions. The commissions on equity transactions account for the vast majority of brokerage commission revenue. Net interest income stems from margin and securities lending transaction revenue deducting interest expenses on margin transactions.

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