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Kawasaki Heavy Industries (Kawasaki Heavy Industries) Cyclically Adjusted Book per Share : $8.17 (As of Dec. 2023)


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What is Kawasaki Heavy Industries 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.

Kawasaki Heavy Industries's adjusted book value per share for the three months ended in Dec. 2023 was $9.434. 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 $8.17 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kawasaki Heavy Industries's average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.60% 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 Kawasaki Heavy Industries was 6.20% per year. The lowest was 4.00% per year. And the median was 5.20% per year.

As of today (2024-04-29), Kawasaki Heavy Industries's current stock price is $12.27. Kawasaki Heavy Industries's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.17. Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio of today is 1.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kawasaki Heavy Industries was 3.12. The lowest was 0.52. And the median was 1.16.


Kawasaki Heavy Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kawasaki Heavy Industries'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.

Kawasaki Heavy Industries Cyclically Adjusted Book per Share Chart

Kawasaki Heavy Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.14 9.06 8.90 8.53 8.50

Kawasaki Heavy Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 8.14 8.50 7.81 7.77 8.17

Competitive Comparison of Kawasaki Heavy Industries's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Kawasaki Heavy Industries'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.


Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kawasaki Heavy Industries 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, Kawasaki Heavy Industries'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)
=9.434/106.8000*106.8000
=9.434

Current CPI (Dec. 2023) = 106.8000.

Kawasaki Heavy Industries Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.488 95.700 9.473
201406 8.377 98.000 9.129
201409 8.201 98.500 8.892
201412 8.190 97.900 8.935
201503 8.591 97.900 9.372
201506 8.305 98.400 9.014
201509 8.884 98.500 9.633
201512 8.725 98.100 9.499
201603 9.146 97.900 9.977
201606 9.348 98.100 10.177
201609 9.151 98.000 9.973
201612 8.516 98.400 9.243
201703 9.272 98.100 10.094
201706 9.424 98.500 10.218
201709 9.548 98.800 10.321
201712 9.564 99.400 10.276
201803 10.524 99.200 11.330
201806 10.066 99.200 10.837
201809 9.760 99.900 10.434
201812 9.916 99.700 10.622
201903 10.264 99.700 10.995
201906 10.174 99.800 10.888
201909 10.188 100.100 10.870
201912 10.076 100.500 10.708
202003 10.133 100.300 10.790
202006 9.842 99.900 10.522
202009 9.649 99.900 10.315
202012 10.152 99.300 10.919
202103 10.251 99.900 10.959
202106 9.535 99.500 10.235
202109 9.386 100.100 10.014
202112 9.182 100.100 9.797
202203 10.182 101.100 10.756
202206 9.268 101.800 9.723
202209 9.008 103.100 9.331
202212 9.870 104.100 10.126
202303 10.296 104.400 10.533
202306 9.880 105.200 10.030
202309 9.076 106.200 9.127
202312 9.434 106.800 9.434

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


Kawasaki Heavy Industries  (OTCPK:KWHIY) 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.

Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.27/8.17
=1.50

* 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 Kawasaki Heavy Industries was 3.12. The lowest was 0.52. And the median was 1.16.


Be Aware

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


Kawasaki Heavy Industries Cyclically Adjusted Book per Share Related Terms

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


Kawasaki Heavy Industries (Kawasaki Heavy Industries) Business Description

Traded in Other Exchanges
Address
Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, JPN, 650-8680
Kawasaki Heavy Industries Ltd is a diversified industrial company serving land, sea, and air markets. It produces heavy machinery, including multiple land vehicles, large tankers, submarines, energy systems, and aerospace equipment. In addition, the company works to produce environmental plants, industrial plants, precision machinery, robots, and infrastructure equipment. One aspect of the company focuses on manufacturing motorcycles under its well-known Kawasaki brand. Another focus and revenue generator is the division geared towards manufacturing commercial aircraft and jet engines. Sales generated in Asia account for the majority of total revenue, but the company does have a presence in the Americas and Europe.