GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » F.C.C. Co Ltd (FRA:FCV) » Definitions » Cyclically Adjusted Book per Share

F.C.C. Co (FRA:FCV) Cyclically Adjusted Book per Share : €15.59 (As of Mar. 2024)


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

What is F.C.C. 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.

F.C.C. Co's adjusted book value per share for the three months ended in Mar. 2024 was €22.877. 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 €15.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, F.C.C. Co's average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.90% 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 F.C.C. Co was 8.10% per year. The lowest was 5.30% per year. And the median was 6.35% per year.

As of today (2024-05-20), F.C.C. Co's current stock price is €12.40. F.C.C. Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €15.59. F.C.C. Co's Cyclically Adjusted PB Ratio of today is 0.80.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of F.C.C. Co was 1.88. The lowest was 0.53. And the median was 0.82.


F.C.C. Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for F.C.C. 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.

F.C.C. Co Cyclically Adjusted Book per Share Chart

F.C.C. Co 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 16.94 16.21 16.66 17.01 15.59

F.C.C. Co 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 17.01 16.04 16.33 16.72 15.59

Competitive Comparison of F.C.C. Co's Cyclically Adjusted Book per Share

For the Auto Parts subindustry, F.C.C. 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.


F.C.C. Co's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

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

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



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

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=22.877/107.2000*107.2000
=22.877

Current CPI (Mar. 2024) = 107.2000.

F.C.C. Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.767 98.000 16.153
201409 15.457 98.500 16.822
201412 14.430 97.900 15.801
201503 16.850 97.900 18.451
201506 16.013 98.400 17.445
201509 16.213 98.500 17.645
201512 16.974 98.100 18.549
201603 16.954 97.900 18.565
201606 16.828 98.100 18.389
201609 17.573 98.000 19.223
201612 18.226 98.400 19.856
201703 18.417 98.100 20.125
201706 18.011 98.500 19.602
201709 17.543 98.800 19.035
201712 17.878 99.400 19.281
201803 17.876 99.200 19.318
201806 18.535 99.200 20.030
201809 18.940 99.900 20.324
201812 19.260 99.700 20.709
201903 20.172 99.700 21.689
201906 20.437 99.800 21.952
201909 21.481 100.100 23.005
201912 21.659 100.500 23.103
202003 20.447 100.300 21.854
202006 19.968 99.900 21.427
202009 19.452 99.900 20.873
202012 19.397 99.300 20.940
202103 20.256 99.900 21.736
202106 20.020 99.500 21.569
202109 20.838 100.100 22.316
202112 21.483 100.100 23.007
202203 22.590 101.100 23.953
202206 22.125 101.800 23.299
202209 22.898 103.100 23.809
202212 21.541 104.100 22.182
202303 22.491 104.400 23.094
202306 22.469 105.200 22.896
202309 22.622 106.200 22.835
202312 22.319 106.800 22.403
202403 22.877 107.200 22.877

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


F.C.C. Co  (FRA:FCV) 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.

F.C.C. Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.40/15.59
=0.80

* 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 F.C.C. Co was 1.88. The lowest was 0.53. And the median was 0.82.


Be Aware

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


F.C.C. Co Cyclically Adjusted Book per Share Related Terms

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


F.C.C. Co (FRA:FCV) Business Description

Industry
Traded in Other Exchanges
Address
7000-36 Nakagawa, Hosoe-cho Kita-ku Hamamatsu-shi, Shizuoka-ken, JPN, 431-1394
F.C.C. Co Ltd is a manufacturer of clutches for automobiles and motorcycles. The company operates two business segments: motorcycle clutches and automobile clutches. In its motorcycle clutches division, F.C.C. manufactures and sells motorcycle, scooter, all-terrain vehicle, and general purpose clutches. The automotive clutches division is in the business of producing and selling clutches for automatic and manual transmission vehicles. Its main customers are Honda Motor and Ford, and its largest end markets are the United States. The remaining operations are located in the Asia-Pacific region.

F.C.C. Co (FRA:FCV) Headlines

No Headlines