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Daidoh (TSE:3205) Cyclically Adjusted Book per Share : 円513.12 (As of Dec. 2023)


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What is Daidoh 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.

Daidoh's adjusted book value per share for the three months ended in Dec. 2023 was 円472.146. 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513.12 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Daidoh's average Cyclically Adjusted Book Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -5.70% 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 Daidoh was -5.10% per year. The lowest was -6.50% per year. And the median was -5.90% per year.

As of today (2024-05-22), Daidoh's current stock price is 円639.00. Daidoh's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円513.12. Daidoh's Cyclically Adjusted PB Ratio of today is 1.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Daidoh was 1.43. The lowest was 0.24. And the median was 0.43.


Daidoh Cyclically Adjusted Book per Share Historical Data

The historical data trend for Daidoh'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.

Daidoh Cyclically Adjusted Book per Share Chart

Daidoh Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 672.06 644.93 600.31 559.13 526.40

Daidoh Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 534.66 526.40 521.62 518.50 513.12

Competitive Comparison of Daidoh's Cyclically Adjusted Book per Share

For the Apparel Manufacturing subindustry, Daidoh'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.


Daidoh's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Daidoh's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Daidoh 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, Daidoh'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)
=472.146/106.8000*106.8000
=472.146

Current CPI (Dec. 2023) = 106.8000.

Daidoh Quarterly Data

Book Value per Share CPI Adj_Book
201403 685.097 95.700 764.560
201406 682.969 98.000 744.297
201409 660.588 98.500 716.252
201412 699.170 97.900 762.731
201503 705.781 97.900 769.943
201506 701.525 98.400 761.411
201509 665.478 98.500 721.554
201512 648.452 98.100 705.960
201603 644.007 97.900 702.553
201606 566.055 98.100 616.256
201609 525.682 98.000 572.886
201612 536.920 98.400 582.755
201703 560.649 98.100 610.370
201706 548.510 98.500 594.730
201709 534.055 98.800 577.298
201712 565.309 99.400 607.394
201803 544.175 99.200 585.866
201806 523.262 99.200 563.351
201809 512.290 99.900 547.673
201812 482.043 99.700 516.371
201903 492.629 99.700 527.711
201906 472.987 99.800 506.162
201909 460.560 100.100 491.387
201912 473.942 100.500 503.652
202003 427.323 100.300 455.016
202006 389.737 99.900 416.656
202009 364.372 99.900 389.539
202012 309.179 99.300 332.531
202103 296.330 99.900 316.797
202106 268.667 99.500 288.378
202109 249.053 100.100 265.723
202112 238.802 100.100 254.786
202203 215.426 101.100 227.572
202206 215.487 101.800 226.071
202209 202.357 103.100 209.619
202212 204.036 104.100 209.328
202303 448.143 104.400 458.445
202306 453.671 105.200 460.571
202309 485.912 106.200 488.657
202312 472.146 106.800 472.146

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


Daidoh  (TSE:3205) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=639.00/513.12
=1.25

* 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 Daidoh was 1.43. The lowest was 0.24. And the median was 0.43.


Be Aware

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


Daidoh Cyclically Adjusted Book per Share Related Terms

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


Daidoh (TSE:3205) Business Description

Traded in Other Exchanges
N/A
Address
3-1-16 Sotokanda, Chiyoda-ku, Tokyo, JPN, 101-8619
Daidoh Ltd engages in the manufacture and sale of traditional woolen fabrics and clothing. It operates through the following business divisions: Clothing Business, and Real Estate and Leasing Business. The Clothing Business division sells and manufactures men's and women's apparel mainly to the general consumer market. The Real Estate and Leasing Business division handles leasing of real estate properties such as shopping center stores and office buildings.

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