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Optim (TSE:3694) Cyclically Adjusted Book per Share : 円63.88 (As of Dec. 2023)


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What is Optim 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.

Optim's adjusted book value per share for the three months ended in Dec. 2023 was 円123.027. 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63.88 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-06-07), Optim's current stock price is 円675.00. Optim's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円63.88. Optim's Cyclically Adjusted PB Ratio of today is 10.57.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Optim was 18.16. The lowest was 10.60. And the median was 14.66.


Optim Cyclically Adjusted Book per Share Historical Data

The historical data trend for Optim'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.

Optim Cyclically Adjusted Book per Share Chart

Optim 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 - - - - -

Optim 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 - - - 63.88 -

Competitive Comparison of Optim's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Optim'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.


Optim's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Optim's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Optim 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, Optim'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)
=123.027/106.8000*106.8000
=123.027

Current CPI (Dec. 2023) = 106.8000.

Optim Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.905 95.700 15.518
201406 0.000 98.000 0.000
201409 11.925 98.500 12.930
201412 31.145 97.900 33.976
201503 32.474 97.900 35.426
201506 33.808 98.400 36.694
201509 35.735 98.500 38.746
201512 36.924 98.100 40.199
201603 37.949 97.900 41.399
201606 40.504 98.100 44.096
201609 41.256 98.000 44.961
201612 42.315 98.400 45.927
201703 45.345 98.100 49.366
201706 46.772 98.500 50.713
201709 48.166 98.800 52.066
201712 47.568 99.400 51.109
201803 53.014 99.200 57.076
201806 50.340 99.200 54.197
201809 46.081 99.900 49.264
201812 44.409 99.700 47.572
201903 51.939 99.700 55.638
201906 49.089 99.800 52.532
201909 51.226 100.100 54.655
201912 51.131 100.500 54.336
202003 53.948 100.300 57.444
202006 54.183 99.900 57.925
202009 59.788 99.900 63.918
202012 65.506 99.300 70.454
202103 77.394 99.900 82.740
202106 79.864 99.500 85.723
202109 83.204 100.100 88.773
202112 85.318 100.100 91.029
202203 93.681 101.100 98.963
202206 94.922 101.800 99.584
202209 99.109 103.100 102.666
202212 100.932 104.100 103.550
202303 110.762 104.400 113.308
202306 113.621 105.200 115.349
202309 117.751 106.200 118.416
202312 123.027 106.800 123.027

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


Optim  (TSE:3694) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=675.00/63.88
=10.57

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Optim was 18.16. The lowest was 10.60. And the median was 14.66.


Be Aware

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


Optim Cyclically Adjusted Book per Share Related Terms

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


Optim (TSE:3694) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Optim Corp (TSE:3694) » Definitions » Cyclically Adjusted Book per Share
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Address
Atago Green Hills MORI Tower 19F, 2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6219
Optim Corp is engaged in the business of license sales and maintenance support service. The company offers IoT platform service, remote management service, support service, and other unique services. It provides services like sharing the screen of smartphones and tablet, repairing service for internet and smartphone, and provision of e-books, digital magazines and software packages.

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