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Wowow (TSE:4839) Cyclically Adjusted Book per Share : 円2,138.23 (As of Dec. 2023)


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What is Wowow 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.

Wowow's adjusted book value per share for the three months ended in Dec. 2023 was 円2,406.693. 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2,138.23 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Wowow's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.20% 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 Wowow was 9.50% per year. The lowest was 8.80% per year. And the median was 8.90% per year.

As of today (2024-05-17), Wowow's current stock price is 円1063.00. Wowow's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円2,138.23. Wowow's Cyclically Adjusted PB Ratio of today is 0.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wowow was 3.12. The lowest was 0.50. And the median was 1.58.


Wowow Cyclically Adjusted Book per Share Historical Data

The historical data trend for Wowow'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.

Wowow Cyclically Adjusted Book per Share Chart

Wowow 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 1,427.32 1,558.98 1,693.05 1,837.04 2,013.50

Wowow 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 1,980.42 2,013.50 2,054.72 2,099.05 2,138.23

Competitive Comparison of Wowow's Cyclically Adjusted Book per Share

For the Broadcasting subindustry, Wowow'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.


Wowow's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Wowow's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Wowow 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, Wowow'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)
=2406.693/106.8000*106.8000
=2,406.693

Current CPI (Dec. 2023) = 106.8000.

Wowow Quarterly Data

Book Value per Share CPI Adj_Book
201403 1,267.135 95.700 1,414.107
201406 1,303.443 98.000 1,420.487
201409 1,377.688 98.500 1,493.777
201412 1,459.417 97.900 1,592.091
201503 1,497.847 97.900 1,634.015
201506 1,498.514 98.400 1,626.436
201509 1,548.604 98.500 1,679.096
201512 1,608.327 98.100 1,750.962
201603 1,654.051 97.900 1,804.419
201606 1,615.558 98.100 1,758.834
201609 1,707.810 98.000 1,861.164
201612 1,823.143 98.400 1,978.777
201703 1,842.452 98.100 2,005.850
201706 1,854.419 98.500 2,010.680
201709 1,927.184 98.800 2,083.231
201712 2,034.441 99.400 2,185.898
201803 2,037.523 99.200 2,193.624
201806 2,030.262 99.200 2,185.806
201809 2,087.466 99.900 2,231.645
201812 2,139.631 99.700 2,292.002
201903 2,150.005 99.700 2,303.115
201906 2,133.629 99.800 2,283.282
201909 2,189.574 100.100 2,336.129
201912 2,279.381 100.500 2,422.268
202003 2,243.517 100.300 2,388.909
202006 2,279.344 99.900 2,436.776
202009 2,378.784 99.900 2,543.084
202012 2,424.244 99.300 2,607.344
202103 2,284.008 99.900 2,441.762
202106 2,190.695 99.500 2,351.419
202109 2,251.942 100.100 2,402.671
202112 2,306.441 100.100 2,460.818
202203 2,336.417 101.100 2,468.144
202206 2,306.127 101.800 2,419.395
202209 2,326.890 103.100 2,410.396
202212 2,373.023 104.100 2,434.571
202303 2,377.693 104.400 2,432.353
202306 2,356.024 105.200 2,391.857
202309 2,372.035 106.200 2,385.436
202312 2,406.693 106.800 2,406.693

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


Wowow  (TSE:4839) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1063.00/2138.23
=0.50

* 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 Wowow was 3.12. The lowest was 0.50. And the median was 1.58.


Be Aware

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


Wowow Cyclically Adjusted Book per Share Related Terms

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


Wowow (TSE:4839) Business Description

Traded in Other Exchanges
N/A
Address
21F, Akasaka Park Building, 5-2-20, Akasaka, Minato-ku, Tokyo, JPN, 107-6121
Wowow Inc is a broadcasting station operator based in Japan. The company operates its business through two segments namely Broadcast segment and Telemarketing segment through which it provides services through cable TV, communication satellite broadcasting and Internet Protocol television, based on producing and procuring programs and conducting TV broadcasting at a fee charged by broadcasting satellite. It also offers free program distribution service for TV members only and provides digital marketing support on the web, e-mail, mail order, and travel, event planning, and operation.

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