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Three F Co (TSE:7544) Cyclically Adjusted Book per Share : 円464.40 (As of Nov. 2023)


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What is Three F Co 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.

Three F Co's adjusted book value per share for the three months ended in Nov. 2023 was 円473.297. 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464.40 for the trailing ten years ended in Nov. 2023.

During the past 12 months, Three F Co's average Cyclically Adjusted Book Growth Rate was -2.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.70% 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 Three F Co was -4.00% per year. The lowest was -4.70% per year. And the median was -4.35% per year.

As of today (2024-05-24), Three F Co's current stock price is 円443.00. Three F Co's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2023 was 円464.40. Three F Co's Cyclically Adjusted PB Ratio of today is 0.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Three F Co was 1.14. The lowest was 0.47. And the median was 0.62.


Three F Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Three F Co'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.

Three F Co Cyclically Adjusted Book per Share Chart

Three F Co Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 549.73 544.30 510.70 485.83 471.62

Three F Co Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 478.10 471.62 469.89 466.39 464.40

Competitive Comparison of Three F Co's Cyclically Adjusted Book per Share

For the Grocery Stores subindustry, Three F Co'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.


Three F Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Three F Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Three F Co 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, Three F Co's adjusted Book Value per Share data for the three months ended in Nov. 2023 was:

Adj_Book= Book Value per Share /CPI of Nov. 2023 (Change)*Current CPI (Nov. 2023)
=473.297/106.9000*106.9000
=473.297

Current CPI (Nov. 2023) = 106.9000.

Three F Co Quarterly Data

Book Value per Share CPI Adj_Book
201402 509.577 95.500 570.406
201405 502.184 98.100 547.232
201408 517.102 98.300 562.342
201411 574.132 97.900 626.912
201502 514.334 97.600 563.343
201505 499.813 98.700 541.337
201508 501.661 98.400 544.996
201511 455.323 98.100 496.167
201602 178.091 97.800 194.662
201605 145.351 98.200 158.228
201608 110.630 97.900 120.800
201611 150.895 98.600 163.597
201702 83.171 98.100 90.632
201705 25.611 98.600 27.767
201708 231.162 98.500 250.875
201711 280.668 99.100 302.759
201802 537.840 99.500 577.840
201805 512.625 99.300 551.859
201808 514.077 99.800 550.650
201811 523.846 100.000 559.991
201902 515.004 99.700 552.196
201905 521.209 100.000 557.172
201908 527.810 100.000 564.229
201911 528.074 100.500 561.703
202002 525.575 100.300 560.159
202005 515.938 100.100 550.987
202008 526.631 100.100 562.406
202011 519.766 99.500 558.422
202102 514.223 99.800 550.806
202105 509.338 99.400 547.769
202108 511.846 99.700 548.810
202111 504.453 100.100 538.722
202202 492.969 100.700 523.321
202205 483.595 101.800 507.822
202208 484.783 102.700 504.609
202211 478.710 103.900 492.532
202302 461.283 104.000 474.146
202305 460.887 105.100 468.780
202308 471.317 105.900 475.768
202311 473.297 106.900 473.297

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


Three F Co  (TSE:7544) 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.

Three F Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=443.00/464.4
=0.95

* 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 Three F Co was 1.14. The lowest was 0.47. And the median was 0.62.


Be Aware

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


Three F Co Cyclically Adjusted Book per Share Related Terms

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


Three F Co (TSE:7544) Business Description

Traded in Other Exchanges
N/A
Address
17 Nihon-Ohdori, Naka-ku, Kanagawa-ken, Yokohama, JPN, 231-8507
Three F Co Ltd is primarily engaged in the management of convenience and franchise stores. The company operates stores under the brand name Gooz across Japan which offers fast food such as bakery, box lunch, rice ball and beverages. Its product portfolio includes Yakitori, Chilled Bento, Mochi Potigo, Pork tangerue skewers, Chicken-nosed skewer, Char-grilled salt and skewers, Chicken Tsune, Black Mer Oil Fried Rice, Mozzarella with cream sauce Chicken lunch box, chicken fried chicken and vegetables with black vinegar sauce Lunchbox, Five kinds of cheese in hamburger lunch box, Beef Calbee Grilled Meat Packed Bento, Rice strawberry white chocolate, Mochi Potato Black Honey Kinako, Mustard, Rice cakey and cream Popular cookie.

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