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Fuji Electric Co (FRA:FJE) Cyclically Adjusted Book per Share : €16.74 (As of Dec. 2023)


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What is Fuji Electric 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.

Fuji Electric Co's adjusted book value per share for the three months ended in Dec. 2023 was €24.461. 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 €16.74 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Fuji Electric 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 Fuji Electric Co was 11.50% per year. The lowest was 5.50% per year. And the median was 8.30% per year.

As of today (2024-05-18), Fuji Electric Co's current stock price is €57.50. Fuji Electric Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €16.74. Fuji Electric Co's Cyclically Adjusted PB Ratio of today is 3.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fuji Electric Co was 3.99. The lowest was 1.19. And the median was 2.32.


Fuji Electric Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fuji Electric 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.

Fuji Electric Co Cyclically Adjusted Book per Share Chart

Fuji Electric 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 14.33 14.29 15.27 16.51 -

Fuji Electric 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 16.51 15.64 16.19 16.74 -

Competitive Comparison of Fuji Electric Co's Cyclically Adjusted Book per Share

For the Electrical Equipment & Parts subindustry, Fuji Electric 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.


Fuji Electric Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fuji Electric Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fuji Electric 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, Fuji Electric Co'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)
=24.461/106.8000*106.8000
=24.461

Current CPI (Dec. 2023) = 106.8000.

Fuji Electric Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.231 95.700 12.534
201406 10.992 98.000 11.979
201409 11.211 98.500 12.156
201412 11.176 97.900 12.192
201503 15.595 97.900 17.013
201506 14.221 98.400 15.435
201509 13.497 98.500 14.634
201512 14.226 98.100 15.488
201603 12.823 97.900 13.989
201606 12.597 98.100 13.714
201609 13.960 98.000 15.214
201612 14.399 98.400 15.628
201703 16.879 98.100 18.376
201706 16.717 98.500 18.126
201709 16.385 98.800 17.712
201712 16.522 99.400 17.752
201803 17.700 99.200 19.056
201806 17.709 99.200 19.066
201809 18.107 99.900 19.358
201812 17.670 99.700 18.928
201903 19.673 99.700 21.074
201906 19.803 99.800 21.192
201909 20.835 100.100 22.230
201912 20.939 100.500 22.252
202003 21.515 100.300 22.909
202006 21.817 99.900 23.324
202009 21.775 99.900 23.279
202012 21.237 99.300 22.841
202103 22.560 99.900 24.118
202106 22.500 99.500 24.151
202109 23.240 100.100 24.796
202112 23.769 100.100 25.360
202203 25.352 101.100 26.781
202206 23.673 101.800 24.836
202209 24.140 103.100 25.006
202212 23.673 104.100 24.287
202303 25.297 104.400 25.879
202306 24.199 105.200 24.567
202309 24.009 106.200 24.145
202312 24.461 106.800 24.461

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


Fuji Electric Co  (FRA:FJE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=57.50/16.74
=3.43

* 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 Fuji Electric Co was 3.99. The lowest was 1.19. And the median was 2.32.


Be Aware

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


Fuji Electric Co Cyclically Adjusted Book per Share Related Terms

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


Fuji Electric Co (FRA:FJE) Business Description

Traded in Other Exchanges
Address
Gate City Ohsaki, East Tower, 11-2, Osaki 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0032
Fuji Electric is a Japanese electrical equipment manufacturer and distributor that operates through five main segments: power electronic systems energy, power electronic systems energy industry, electronic devices, food and beverage distribution, and power generation. The main revenue drivers, power electronic systems energy and industry, include energy management, factory automation, and IT solutions. Electronic devices includes the manufacture and sale of semiconductors and magnetic disks. Food and beverage distribution offers vending machines across the world. The power generation segment provides design, manufacturing and on-site installation services. The firm generates most of its revenue in Asia, with some derived from Europe and the Americas.

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