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Jason Co (TSE:3080) Cyclically Adjusted Book per Share : 円329.43 (As of Nov. 2023)


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What is Jason 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.

Jason Co's adjusted book value per share for the three months ended in Nov. 2023 was 円472.880. 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 円329.43 for the trailing ten years ended in Nov. 2023.

During the past 12 months, Jason Co's average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.30% 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 Jason Co was 9.30% per year. The lowest was 7.10% per year. And the median was 8.20% per year.

As of today (2024-05-28), Jason Co's current stock price is 円666.00. Jason Co's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2023 was 円329.43. Jason Co's Cyclically Adjusted PB Ratio of today is 2.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Jason Co was 3.72. The lowest was 1.38. And the median was 1.80.


Jason Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Jason 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.

Jason Co Cyclically Adjusted Book per Share Chart

Jason Co Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 220.03 231.37 247.71 270.43 302.11

Jason Co Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 295.93 302.11 311.32 319.97 329.43

Competitive Comparison of Jason Co's Cyclically Adjusted Book per Share

For the Discount Stores subindustry, Jason 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.


Jason Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Jason Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Jason 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, Jason Co's adjusted Book Value per Share data for the three months ended in Nov. 2023 was:

Adj_Book= Book Value per Share /CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=472.88/106.9000*106.9000
=472.880

Current CPI (Nov. 2023) = 106.9000.

Jason Co Quarterly Data

Book Value per Share CPI Adj_Book
201402 191.049 95.500 213.855
201405 193.168 98.100 210.496
201408 199.641 98.300 217.107
201411 200.402 97.900 218.825
201502 202.197 97.600 221.464
201505 204.211 98.700 221.177
201508 213.179 98.400 231.594
201511 219.057 98.100 238.707
201602 226.105 97.800 247.143
201605 227.199 98.200 247.328
201608 237.542 97.900 259.379
201611 243.853 98.600 264.380
201702 250.107 98.100 272.543
201705 251.045 98.600 272.178
201708 259.802 98.500 281.958
201711 262.000 99.100 282.622
201802 269.904 99.500 289.977
201805 273.488 99.300 294.420
201808 284.117 99.800 304.330
201811 290.222 100.000 310.247
201902 295.070 99.700 316.379
201905 298.057 100.000 318.623
201908 308.375 100.000 329.653
201911 317.205 100.500 337.405
202002 324.528 100.300 345.883
202005 341.209 100.100 364.388
202008 360.746 100.100 385.252
202011 370.186 99.500 397.717
202102 378.395 99.800 405.315
202105 380.320 99.400 409.016
202108 394.327 99.700 422.804
202111 403.268 100.100 430.663
202202 409.889 100.700 435.125
202205 413.613 101.800 434.334
202208 427.015 102.700 444.478
202211 433.711 103.900 446.234
202302 443.705 104.000 456.078
202305 448.712 105.100 456.397
202308 464.447 105.900 468.833
202311 472.880 106.900 472.880

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


Jason Co  (TSE:3080) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=666.00/329.43
=2.02

* 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 Jason Co was 3.72. The lowest was 1.38. And the median was 1.80.


Be Aware

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


Jason Co Cyclically Adjusted Book per Share Related Terms

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


Jason Co (TSE:3080) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-8-5 Otsugaoka, Chiba Prefecture, Kashiwa, JPN
Jason Co Ltd is engaged in comprehensive retailing of household necessities. It operates discount stores. The Company sells clothing and interior, household goods, foodstuffs in general, processed meat, general alcoholic beverages, stationery, pet supplies, baby supplies, cosmetics, watches, gardening products. Its subsidiaries are engaged in procurement of goods to supplement operations.

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