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Goldwin (TSE:8111) Cyclically Adjusted Book per Share : 円1,032.16 (As of Dec. 2023)


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What is Goldwin 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.

Goldwin's adjusted book value per share for the three months ended in Dec. 2023 was 円2,049.253. 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1,032.16 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Goldwin'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 Goldwin was 14.70% per year. The lowest was 11.00% per year. And the median was 12.60% per year.

As of today (2024-05-26), Goldwin's current stock price is 円8219.00. Goldwin's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,032.16. Goldwin's Cyclically Adjusted PB Ratio of today is 7.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Goldwin was 16.78. The lowest was 3.96. And the median was 10.29.


Goldwin Cyclically Adjusted Book per Share Historical Data

The historical data trend for Goldwin'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.

Goldwin Cyclically Adjusted Book per Share Chart

Goldwin 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 602.13 673.57 771.52 908.78 -

Goldwin 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 908.78 947.20 990.23 1,032.16 -

Competitive Comparison of Goldwin's Cyclically Adjusted Book per Share

For the Apparel Manufacturing subindustry, Goldwin'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.


Goldwin's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Goldwin's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Goldwin 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, Goldwin'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)
=2049.253/106.8000*106.8000
=2,049.253

Current CPI (Dec. 2023) = 106.8000.

Goldwin Quarterly Data

Book Value per Share CPI Adj_Book
201403 515.120 95.700 574.867
201406 508.741 98.000 554.424
201409 523.893 98.500 568.038
201412 587.870 97.900 641.313
201503 632.130 97.900 689.596
201506 618.583 98.400 671.389
201509 630.802 98.500 683.956
201512 654.934 98.100 713.017
201603 643.790 97.900 702.316
201606 609.708 98.100 663.780
201609 605.377 98.000 659.737
201612 675.674 98.400 733.353
201703 695.074 98.100 756.717
201706 699.527 98.500 758.472
201709 697.626 98.800 754.114
201712 763.021 99.400 819.825
201803 770.155 99.200 829.159
201806 745.164 99.200 802.253
201809 704.869 99.900 753.554
201812 831.849 99.700 891.088
201903 873.847 99.700 936.077
201906 861.073 99.800 921.469
201909 892.787 100.100 952.544
201912 1,041.168 100.500 1,106.435
202003 1,032.319 100.300 1,099.219
202006 967.817 99.900 1,034.663
202009 967.541 99.900 1,034.368
202012 1,115.139 99.300 1,199.364
202103 1,164.137 99.900 1,244.543
202106 1,146.142 99.500 1,230.231
202109 1,170.020 100.100 1,248.333
202112 1,319.634 100.100 1,407.961
202203 1,398.536 101.100 1,477.385
202206 1,331.334 101.800 1,396.724
202209 1,470.931 103.100 1,523.719
202212 1,655.169 104.100 1,698.098
202303 1,774.119 104.400 1,814.903
202306 1,760.110 105.200 1,786.880
202309 1,892.428 106.200 1,903.120
202312 2,049.253 106.800 2,049.253

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


Goldwin  (TSE:8111) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8219.00/1032.16
=7.96

* 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 Goldwin was 16.78. The lowest was 3.96. And the median was 10.29.


Be Aware

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


Goldwin Cyclically Adjusted Book per Share Related Terms

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


Goldwin (TSE:8111) Business Description

Traded in Other Exchanges
N/A
Address
2-20-6 Shoto, Shibuya-ku, Tokyo, JPN, 150-8517
Goldwin Inc is involved in the business of manufacture and sale of sports products in Japan. It sells brands such as Goldwin, C3fit, Mxp, Speedo,Ellesse, Danskin, Canterbury, Black and white sport, The north face, Helly Hansen, Macpac, Alite, Ice breaker and Fischer.

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