GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyota Motor Corp (BUE:TM) » Definitions » Cyclically Adjusted Book per Share

Toyota Motor (BUE:TM) Cyclically Adjusted Book per Share : ARS21,520.50 (As of Dec. 2023)


View and export this data going back to 2008. Start your Free Trial

What is Toyota Motor 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.

Toyota Motor's adjusted book value per share for the three months ended in Dec. 2023 was ARS1,210.762. 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 ARS21,520.50 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Toyota Motor's average Cyclically Adjusted Book Growth Rate was 12.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.90% 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 Toyota Motor was 10.50% per year. The lowest was 3.00% per year. And the median was 6.90% per year.

As of today (2024-05-01), Toyota Motor's current stock price is ARS16562.50. Toyota Motor's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ARS21,520.50. Toyota Motor's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Toyota Motor was 2.49. The lowest was 1.17. And the median was 1.59.


Toyota Motor Cyclically Adjusted Book per Share Historical Data

The historical data trend for Toyota Motor'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.

Toyota Motor Cyclically Adjusted Book per Share Chart

Toyota Motor 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 786.49 1,718.86 3,034.72 3,906.95 8,712.61

Toyota Motor 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 7,098.70 8,712.61 10,492.50 16,720.50 21,520.50

Competitive Comparison of Toyota Motor's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Toyota Motor 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, Toyota Motor'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)
=1210.762/106.8000*106.8000
=1,210.762

Current CPI (Dec. 2023) = 106.8000.

Toyota Motor Quarterly Data

Book Value per Share CPI Adj_Book
201403 14.147 95.700 15.788
201406 14.781 98.000 16.108
201409 15.285 98.500 16.573
201412 14.868 97.900 16.220
201503 15.633 97.900 17.054
201506 16.060 98.400 17.431
201509 17.130 98.500 18.573
201512 23.935 98.100 26.058
201603 28.517 97.900 31.109
201606 28.428 98.100 30.949
201609 31.995 98.000 34.868
201612 31.634 98.400 34.334
201703 32.156 98.100 35.008
201706 35.727 98.500 38.737
201709 39.355 98.800 42.542
201712 43.723 99.400 46.978
201803 48.934 99.200 52.683
201806 59.369 99.200 63.917
201809 89.293 99.900 95.460
201812 90.128 99.700 96.546
201903 98.875 99.700 105.916
201906 114.340 99.800 122.360
201909 147.643 100.100 157.525
201912 160.067 100.500 170.101
202003 171.887 100.300 183.026
202006 188.583 99.900 201.608
202009 211.345 99.900 225.942
202012 244.573 99.300 263.045
202103 277.481 99.900 296.646
202106 297.150 99.500 318.951
202109 315.697 100.100 336.828
202112 320.229 100.100 341.663
202203 344.974 101.100 364.424
202206 358.381 101.800 375.983
202209 398.541 103.100 412.844
202212 502.602 104.100 515.638
202303 617.513 104.400 631.709
202306 760.175 105.200 771.737
202309 1,117.241 106.200 1,123.553
202312 1,210.762 106.800 1,210.762

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


Toyota Motor  (BUE:TM) 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.

Toyota Motor's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16562.50/21520.5
=0.77

* 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 Toyota Motor was 2.49. The lowest was 1.17. And the median was 1.59.


Be Aware

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


Toyota Motor Cyclically Adjusted Book per Share Related Terms

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


Toyota Motor (BUE:TM) Business Description

Industry
Address
1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers with 10.56 million units sold at retail in fiscal 2023 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.