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AEON Co (TSE:8267) Cyclically Adjusted Book per Share : 円1,360.86 (As of Feb. 2024)


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What is AEON 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.

AEON Co's adjusted book value per share for the three months ended in Feb. 2024 was 円1,232.937. 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1,360.86 for the trailing ten years ended in Feb. 2024.

During the past 12 months, AEON Co's average Cyclically Adjusted Book Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.40% 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 AEON Co was 5.90% per year. The lowest was -0.10% per year. And the median was 0.70% per year.

As of today (2024-06-11), AEON Co's current stock price is 円3535.00. AEON Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was 円1,360.86. AEON Co's Cyclically Adjusted PB Ratio of today is 2.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AEON Co was 2.70. The lowest was 1.23. And the median was 1.82.


AEON Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for AEON 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.

AEON Co Cyclically Adjusted Book per Share Chart

AEON Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,334.79 1,325.66 1,327.46 1,349.88 1,360.86

AEON Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1,349.88 1,356.50 1,360.61 1,367.50 1,360.86

Competitive Comparison of AEON Co's Cyclically Adjusted Book per Share

For the Department Stores subindustry, AEON 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.


AEON Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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



AEON 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, AEON Co's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1232.937/106.9000*106.9000
=1,232.937

Current CPI (Feb. 2024) = 106.9000.

AEON Co Quarterly Data

Book Value per Share CPI Adj_Book
201405 1,328.427 98.100 1,447.593
201408 1,333.952 98.300 1,450.656
201411 1,371.839 97.900 1,497.953
201502 1,446.251 97.600 1,584.060
201505 1,450.135 98.700 1,570.612
201508 1,449.531 98.400 1,574.745
201511 1,409.788 98.100 1,536.252
201602 1,366.931 97.800 1,494.120
201605 1,347.118 98.200 1,466.466
201608 1,314.630 97.900 1,435.485
201611 1,299.449 98.600 1,408.835
201702 1,351.958 98.100 1,473.235
201705 1,337.857 98.600 1,450.476
201708 1,345.382 98.500 1,460.115
201711 1,340.150 99.100 1,445.631
201802 1,373.881 99.500 1,476.059
201805 1,348.405 99.300 1,451.606
201808 1,338.148 99.800 1,433.347
201811 1,300.300 100.000 1,390.021
201902 1,301.646 99.700 1,395.647
201905 1,251.580 100.000 1,337.939
201908 1,260.699 100.000 1,347.687
201911 1,243.825 100.500 1,323.034
202002 1,266.651 100.300 1,350.000
202005 1,185.608 100.100 1,266.149
202008 1,184.477 100.100 1,264.941
202011 1,163.715 99.500 1,250.263
202102 1,149.386 99.800 1,231.156
202105 1,155.050 99.400 1,242.202
202108 1,157.268 99.700 1,240.842
202111 1,120.912 100.100 1,197.058
202202 1,132.278 100.700 1,201.991
202205 1,158.872 101.800 1,216.929
202208 1,191.649 102.700 1,240.382
202211 1,166.358 103.900 1,200.035
202302 1,162.487 104.000 1,194.903
202305 1,175.870 105.100 1,196.009
202308 1,227.227 105.900 1,238.816
202311 1,218.220 106.900 1,218.220
202402 1,232.937 106.900 1,232.937

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


AEON Co  (TSE:8267) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3535.00/1360.86
=2.60

* 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 AEON Co was 2.70. The lowest was 1.23. And the median was 1.82.


Be Aware

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


AEON Co Cyclically Adjusted Book per Share Related Terms

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


AEON Co (TSE:8267) Business Description

Industry
Traded in Other Exchanges
Address
1-5-1 Nakase, Minami-ku, Chiba-shi, Chiba, JPN, 261-8515
AEON Co Ltd is the holding company of Aeon Group, integrated Japanese retailer, and is active not only in Japan but also throughout countries in the Association of Southeast Asian Nations and China. The business is segmented in four main divisions: supermarket and discount store, drugstore and pharmacy, shopping-center development, and financial sevices. The company's core operations are general merchandise store, supermarket, and convenience-store operations. Aeon is also active in specialty store operations, shopping-center development and operations, and credit card business and services.

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