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FUJI Media Holdings (FRA:FTN) Cyclically Adjusted Book per Share : €20.97 (As of Dec. 2023)


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What is FUJI Media Holdings 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 Media Holdings's adjusted book value per share for the three months ended in Dec. 2023 was €24.865. 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 €20.97 for the trailing ten years ended in Dec. 2023.

During the past 12 months, FUJI Media Holdings'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 Media Holdings was 5.70% per year. The lowest was 4.40% per year. And the median was 4.90% per year.

As of today (2024-06-16), FUJI Media Holdings's current stock price is €10.60. FUJI Media Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €20.97. FUJI Media Holdings's Cyclically Adjusted PB Ratio of today is 0.51.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of FUJI Media Holdings was 0.80. The lowest was 0.32. And the median was 0.47.


FUJI Media Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for FUJI Media Holdings'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 Media Holdings Cyclically Adjusted Book per Share Chart

FUJI Media Holdings 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 22.28 21.16 21.82 21.57 -

FUJI Media Holdings 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 21.57 20.19 20.46 20.97 -

Competitive Comparison of FUJI Media Holdings's Cyclically Adjusted Book per Share

For the Broadcasting subindustry, FUJI Media Holdings'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 Media Holdings's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, FUJI Media Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where FUJI Media Holdings's Cyclically Adjusted PB Ratio falls into.



FUJI Media Holdings 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 Media Holdings'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)
=24.865/106.8000*106.8000
=24.865

Current CPI (Dec. 2023) = 106.8000.

FUJI Media Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 17.632 95.700 19.677
201406 18.321 98.000 19.966
201409 18.670 98.500 20.243
201412 18.143 97.900 19.792
201503 21.026 97.900 22.937
201506 19.796 98.400 21.486
201509 20.088 98.500 21.781
201512 20.908 98.100 22.762
201603 21.657 97.900 23.626
201606 23.000 98.100 25.040
201609 24.018 98.000 26.175
201612 23.103 98.400 25.075
201703 23.937 98.100 26.060
201706 23.629 98.500 25.620
201709 22.936 98.800 24.793
201712 22.944 99.400 24.652
201803 23.333 99.200 25.121
201806 24.150 99.200 26.000
201809 24.435 99.900 26.123
201812 24.323 99.700 26.055
201903 25.087 99.700 26.874
201906 26.320 99.800 28.166
201909 27.336 100.100 29.166
201912 27.108 100.500 28.807
202003 26.722 100.300 28.454
202006 26.538 99.900 28.371
202009 26.220 99.900 28.031
202012 26.320 99.300 28.308
202103 26.888 99.900 28.745
202106 26.508 99.500 28.453
202109 28.577 100.100 30.490
202112 28.079 100.100 29.958
202203 27.477 101.100 29.026
202206 25.446 101.800 26.696
202209 25.876 103.100 26.805
202212 25.997 104.100 26.671
202303 26.321 104.400 26.926
202306 24.593 105.200 24.967
202309 23.868 106.200 24.003
202312 24.865 106.800 24.865

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


FUJI Media Holdings  (FRA:FTN) 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 Media Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.60/20.97
=0.51

* 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 Media Holdings was 0.80. The lowest was 0.32. And the median was 0.47.


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 Media Holdings Cyclically Adjusted Book per Share Related Terms

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


FUJI Media Holdings (FRA:FTN) Business Description

Traded in Other Exchanges
Address
2-4-8, Daiba, Minato-ku, Tokyo, JPN, 137-8088
FUJI Media Holdings Inc is a diversified media company with interests in broadcasting, as the business operates several premium television stations. FUJI has seven business segments: Broadcasting, Production, Image & Music, Life Information, Advertising, City Development, and Other. The Broadcasting segment is engaged in the broadcasting of television and radio programs, while the Production segment plans and produces television programs. The Image & Music segment sells audio and video software. The Life Information segment publishes newspapers, while the Advertising segment sells advertising space across the company's various divisions. The Other segment leases real estate assets. The company earns the majority of its revenue in Japan.

FUJI Media Holdings (FRA:FTN) Headlines

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