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Nipro (TSE:8086) Cyclically Adjusted Book per Share : 円1,110.64 (As of Dec. 2023)


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What is Nipro 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.

Nipro's adjusted book value per share for the three months ended in Dec. 2023 was 円1,492.305. 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1,110.64 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Nipro'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 Nipro was 4.80% per year. The lowest was 1.00% per year. And the median was 2.00% per year.

As of today (2024-05-24), Nipro's current stock price is 円1173.50. Nipro's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,110.64. Nipro's Cyclically Adjusted PB Ratio of today is 1.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nipro was 1.95. The lowest was 0.95. And the median was 1.32.


Nipro Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nipro'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.

Nipro Cyclically Adjusted Book per Share Chart

Nipro 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 906.51 903.97 951.03 1,043.59 -

Nipro 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 1,043.59 1,061.24 1,087.23 1,110.64 -

Competitive Comparison of Nipro's Cyclically Adjusted Book per Share

For the Medical Instruments & Supplies subindustry, Nipro'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.


Nipro's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nipro's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Nipro 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, Nipro'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)
=1492.305/106.8000*106.8000
=1,492.305

Current CPI (Dec. 2023) = 106.8000.

Nipro Quarterly Data

Book Value per Share CPI Adj_Book
201403 832.123 95.700 928.639
201406 825.807 98.000 899.961
201409 833.005 98.500 903.197
201412 941.372 97.900 1,026.951
201503 988.783 97.900 1,078.672
201506 986.341 98.400 1,070.541
201509 990.009 98.500 1,073.431
201512 988.163 98.100 1,075.798
201603 977.637 97.900 1,066.513
201606 878.022 98.100 955.889
201609 839.251 98.000 914.612
201612 907.269 98.400 984.719
201703 999.525 98.100 1,088.168
201706 1,040.064 98.500 1,127.704
201709 1,083.336 98.800 1,171.056
201712 1,108.697 99.400 1,191.236
201803 1,037.249 99.200 1,116.716
201806 1,011.092 99.200 1,088.555
201809 1,043.686 99.900 1,115.772
201812 984.427 99.700 1,054.532
201903 990.129 99.700 1,060.640
201906 984.506 99.800 1,053.560
201909 957.719 100.100 1,021.822
201912 979.638 100.500 1,041.048
202003 912.236 100.300 971.354
202006 888.159 99.900 949.503
202009 917.006 99.900 980.343
202012 937.933 99.300 1,008.774
202103 987.290 99.900 1,055.481
202106 1,059.339 99.500 1,137.059
202109 1,086.157 100.100 1,158.857
202112 1,101.939 100.100 1,175.695
202203 1,135.754 101.100 1,199.788
202206 1,237.227 101.800 1,297.995
202209 1,355.175 103.100 1,403.809
202212 1,367.272 104.100 1,402.734
202303 1,265.003 104.400 1,294.084
202306 1,306.225 105.200 1,326.092
202309 1,453.770 106.200 1,461.983
202312 1,492.305 106.800 1,492.305

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


Nipro  (TSE:8086) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1173.50/1110.64
=1.06

* 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 Nipro was 1.95. The lowest was 0.95. And the median was 1.32.


Be Aware

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


Nipro Cyclically Adjusted Book per Share Related Terms

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


Nipro (TSE:8086) Business Description

Traded in Other Exchanges
Address
3-9-3 Honjo-Nishi Kita-ku, Osaka, JPN, 531-8510
Nipro Corp develops medical devices, most of which are related to dialysis and artificial organs. The firm operates in four segments: medical, pharmaceutical, glass, and other. The medical segment contributes the majority of revenue. It sells products related to injections, infusions, artificial organs, and cell cultures, as well as medical equipment for renal treatment, diabetes, and generic drugs. Renal products contribute the largest proportion of sales within the medical segment. The pharmaceutical segment manufactures pharmaceuticals, including oral drugs and injectables, which are supplied to pharmaceutical companies in Japan. The glass business sells glass products used for medical applications, such as vials and syringes. Nipro generates the majority of its revenue in Japan.

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