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East Japan Railway Co (FRA:EJR) Cyclically Adjusted Book per Share : €15.48 (As of Dec. 2024)


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What is East Japan Railway 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.

East Japan Railway Co's adjusted book value per share for the three months ended in Dec. 2024 was €15.697. 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 €15.48 for the trailing ten years ended in Dec. 2024.

During the past 12 months, East Japan Railway Co'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 East Japan Railway Co was 8.40% per year. The lowest was 3.90% per year. And the median was 4.90% per year.

As of today (2025-05-28), East Japan Railway Co's current stock price is €18.68. East Japan Railway Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €15.48. East Japan Railway Co's Cyclically Adjusted PB Ratio of today is 1.21.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of East Japan Railway Co was 2.72. The lowest was 0.84. And the median was 1.26.


East Japan Railway Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for East Japan Railway 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.

East Japan Railway Co Cyclically Adjusted Book per Share Chart

East Japan Railway Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.76 16.48 16.28 15.17 -

East Japan Railway Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 15.17 - 15.74 15.48 -

Competitive Comparison of East Japan Railway Co's Cyclically Adjusted Book per Share

For the Railroads subindustry, East Japan Railway 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.


East Japan Railway Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, East Japan Railway Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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East Japan Railway 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, East Japan Railway Co's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=15.697/110.7000*110.7000
=15.697

Current CPI (Dec. 2024) = 110.7000.

East Japan Railway Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 14.884 97.900 16.830
201506 14.306 98.400 16.094
201509 15.169 98.500 17.048
201512 15.851 98.100 17.887
201603 16.519 97.900 18.679
201606 17.628 98.100 19.892
201609 19.088 98.000 21.562
201612 18.443 98.400 20.748
201703 18.839 98.100 21.259
201706 18.644 98.500 20.953
201709 18.205 98.800 20.398
201712 18.472 99.400 20.572
201803 18.933 99.200 21.128
201806 19.608 99.200 21.881
201809 19.981 99.900 22.141
201812 20.769 99.700 23.060
201903 21.358 99.700 23.714
201906 22.323 99.800 24.761
201909 23.934 100.100 26.468
201912 23.766 100.500 26.178
202003 23.367 100.300 25.790
202006 21.586 99.900 23.920
202009 20.230 99.900 22.417
202012 19.640 99.300 21.895
202103 17.310 99.900 19.181
202106 16.216 99.500 18.041
202109 16.191 100.100 17.906
202112 16.525 100.100 18.275
202203 16.205 101.100 17.744
202206 14.960 101.800 16.268
202209 14.983 103.100 16.087
202212 15.139 104.100 16.099
202303 15.295 104.400 16.218
202306 14.575 105.200 15.337
202309 14.576 106.200 15.194
202312 14.919 106.800 15.464
202403 14.752 107.200 15.234
202406 0.000 108.200 0.000
202409 15.669 108.900 15.928
202412 15.697 110.700 15.697

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


East Japan Railway Co  (FRA:EJR) 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.

East Japan Railway Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.68/15.48
=1.21

* 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 East Japan Railway Co was 2.72. The lowest was 0.84. And the median was 1.26.


Be Aware

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


East Japan Railway Co Cyclically Adjusted Book per Share Related Terms

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


East Japan Railway Co Business Description

Industry
Traded in Other Exchanges
Address
2-2, Yoyogi 2-chome, Shibuya-ku, Tokyo, JPN, 151-8578
East Japan Railway Company, or JR East, is the largest railway operator in Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987, though it wasn't fully privatized until 2002. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. Its 7,400 kilometers of rail track covers half of Japan's population and a third of the country's land area. Two thirds of revenue is from transportation, with most of the rest from retail operations and real estate investments.

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