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Maxell (TSE:6810) Cyclically Adjusted Book per Share : 円2,169.10 (As of Dec. 2023)


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What is Maxell 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.

Maxell's adjusted book value per share for the three months ended in Dec. 2023 was 円1,931.384. 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2,169.10 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Maxell'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.

As of today (2024-05-24), Maxell's current stock price is 円1589.00. Maxell's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円2,169.10. Maxell's Cyclically Adjusted PB Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Maxell was 0.78. The lowest was 0.54. And the median was 0.68.


Maxell Cyclically Adjusted Book per Share Historical Data

The historical data trend for Maxell'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.

Maxell Cyclically Adjusted Book per Share Chart

Maxell 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 - 2,055.74 2,076.32 2,140.42 -

Maxell 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 2,140.42 2,161.40 2,162.98 2,169.10 -

Competitive Comparison of Maxell's Cyclically Adjusted Book per Share

For the Consumer Electronics subindustry, Maxell'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.


Maxell's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Maxell 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, Maxell'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)
=1931.384/106.8000*106.8000
=1,931.384

Current CPI (Dec. 2023) = 106.8000.

Maxell Quarterly Data

Book Value per Share CPI Adj_Book
201403 2,097.196 95.700 2,340.444
201406 2,043.261 98.000 2,226.737
201409 2,105.447 98.500 2,282.860
201412 2,076.644 97.900 2,265.430
201503 2,211.292 97.900 2,412.319
201506 2,220.225 98.400 2,409.756
201509 2,221.265 98.500 2,408.438
201512 2,216.515 98.100 2,413.087
201603 2,121.439 97.900 2,314.297
201606 2,043.375 98.100 2,224.592
201609 2,063.170 98.000 2,248.434
201612 2,150.828 98.400 2,334.435
201703 2,203.193 98.100 2,398.583
201706 2,220.660 98.500 2,407.782
201709 2,292.933 98.800 2,478.596
201712 2,335.445 99.400 2,509.311
201803 2,290.219 99.200 2,465.679
201806 2,284.844 99.200 2,459.893
201809 2,311.509 99.900 2,471.163
201812 2,278.788 99.700 2,441.069
201903 2,328.409 99.700 2,494.223
201906 2,289.878 99.800 2,450.491
201909 2,047.273 100.100 2,184.303
201912 2,107.446 100.500 2,239.555
202003 1,828.685 100.300 1,947.194
202006 1,832.243 99.900 1,958.794
202009 1,730.036 99.900 1,849.528
202012 1,742.451 99.300 1,874.056
202103 1,640.986 99.900 1,754.327
202106 1,695.050 99.500 1,819.410
202109 1,731.565 100.100 1,847.464
202112 1,758.921 100.100 1,876.651
202203 1,647.779 101.100 1,740.680
202206 1,744.276 101.800 1,829.948
202209 1,808.993 103.100 1,873.913
202212 1,791.075 104.100 1,837.529
202303 1,807.247 104.400 1,848.793
202306 1,883.036 105.200 1,911.675
202309 1,970.195 106.200 1,981.326
202312 1,931.384 106.800 1,931.384

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


Maxell  (TSE:6810) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1589.00/2169.1
=0.73

* 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 Maxell was 0.78. The lowest was 0.54. And the median was 0.68.


Be Aware

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


Maxell Cyclically Adjusted Book per Share Related Terms

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


Maxell (TSE:6810) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maxell Ltd (TSE:6810) » Definitions » Cyclically Adjusted Book per Share
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Address
2-16-2, Konan, Minato-ku, Taiyo-Life Shinagawa Building 21sr Floor, Tokyo, JPN, 108-8248
Maxell Ltd is a Japan-based company that is engaged in manufacturing and selling energy products, industrial materials products, and electronic appliance and consumer products. The company focuses on several business areas, including automotive, home life and infrastructure, health and beauty care, and business and consumer. The company provides a broad range of products, including primary batteries, rechargeable batteries, electroforming, data storage, adhesive tapes, inks, functional films, display equipment, lens units, optical components, and wellness and beauty care.

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