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Fujimi (TSE:5384) Cyclically Adjusted Book per Share : 円753.00 (As of Dec. 2023)


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What is Fujimi 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.

Fujimi's adjusted book value per share for the three months ended in Dec. 2023 was 円938.148. 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753.00 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Fujimi'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 Fujimi was 6.00% per year. The lowest was 3.50% per year. And the median was 4.30% per year.

As of today (2024-06-09), Fujimi's current stock price is 円2941.00. Fujimi's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円753.00. Fujimi's Cyclically Adjusted PB Ratio of today is 3.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fujimi was 5.05. The lowest was 1.18. And the median was 2.38.


Fujimi Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fujimi'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.

Fujimi Cyclically Adjusted Book per Share Chart

Fujimi 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 595.59 615.37 653.10 710.02 -

Fujimi 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 710.02 724.18 740.36 753.00 -

Competitive Comparison of Fujimi's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Fujimi'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.


Fujimi's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Fujimi 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, Fujimi'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)
=938.148/106.8000*106.8000
=938.148

Current CPI (Dec. 2023) = 106.8000.

Fujimi Quarterly Data

Book Value per Share CPI Adj_Book
201403 533.369 95.700 595.233
201406 537.314 98.000 585.563
201409 559.905 98.500 607.085
201412 587.662 97.900 641.086
201503 587.936 97.900 641.385
201506 594.671 98.400 645.436
201509 594.461 98.500 644.553
201512 595.355 98.100 648.154
201603 591.391 97.900 645.154
201606 594.866 98.100 647.622
201609 607.289 98.000 661.821
201612 632.385 98.400 686.369
201703 624.271 98.100 679.634
201706 627.151 98.500 679.997
201709 640.999 98.800 692.902
201712 650.357 99.400 698.774
201803 647.044 99.200 696.616
201806 652.873 99.200 702.891
201809 671.197 99.900 717.556
201812 669.953 99.700 717.663
201903 679.284 99.700 727.658
201906 671.008 99.800 718.073
201909 689.251 100.100 735.385
201912 697.122 100.500 740.822
202003 702.224 100.300 747.732
202006 709.829 99.900 758.856
202009 725.754 99.900 775.881
202012 730.757 99.300 785.950
202103 756.238 99.900 808.471
202106 766.566 99.500 822.807
202109 803.862 100.100 857.667
202112 813.759 100.100 868.226
202203 848.970 101.100 896.835
202206 857.511 101.800 899.628
202209 987.673 103.100 1,023.118
202212 884.745 104.100 907.692
202303 930.236 104.400 951.621
202306 937.407 105.200 951.664
202309 962.763 106.200 968.202
202312 938.148 106.800 938.148

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


Fujimi  (TSE:5384) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2941.00/753
=3.91

* 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 Fujimi was 5.05. The lowest was 1.18. And the median was 2.38.


Be Aware

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


Fujimi Cyclically Adjusted Book per Share Related Terms

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


Fujimi (TSE:5384) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Fujimi Inc (TSE:5384) » Definitions » Cyclically Adjusted Book per Share
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Address
1-1, Chiryo-2,, Nishibiwajima-cho, Kiyosu, Kiyosu, JPN, 452-8502
Fujimi Inc is a Japan-based company engaged in the manufacture and sale of synthetic precision abrasives materials. The company offers abrasives for silicon wafers and other semiconductor substrates, chemical mechanical planarization products which are required for multilayered circuits on semiconductor chips, and abrasives for computer hard disks. In addition, it also provides various materials that are used in electronic components, and thermal spray material related to the engine, and many more. The company operates in four geographical regions, including Japan, North America, Asia, and Europe.

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