What is Japan Tobacco 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.
Japan Tobacco's adjusted book value per share for the three months ended in Mar. 2024 was €13.799. 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 €10.09 for the trailing ten years ended in Mar. 2024.
During the past 12 months, Japan Tobacco's average Cyclically Adjusted Book Growth Rate was 8.40% per year.
During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year.
During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 Japan Tobacco was 8.30% per year. The lowest was 3.10% per year. And the median was 4.60% per year.
As of today (2024-06-20), Japan Tobacco's current stock price is €26.12. Japan Tobacco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.09. Japan Tobacco's Cyclically Adjusted PB Ratio of today is 2.59.
During the past 13 years, the highest Cyclically Adjusted PB Ratio of Japan Tobacco was 3.96. The lowest was 1.41. And the median was 1.99.
Japan Tobacco Cyclically Adjusted Book per Share Historical Data
The historical data trend for Japan Tobacco'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.
Japan Tobacco Cyclically Adjusted Book per Share Chart
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Japan Tobacco Annual Data
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Trend |
Mar14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cyclically Adjusted Book per Share |
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10.48 |
10.31 |
10.37 |
10.58 |
10.52 |
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Japan Tobacco Quarterly Data
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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 |
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10.46 |
9.90 |
10.21 |
10.52 |
10.09 |
Competitive Comparison of Japan Tobacco's Cyclically Adjusted Book per Share
For the Tobacco subindustry, Japan Tobacco'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.
Japan Tobacco's Cyclically Adjusted PB Ratio Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Japan Tobacco's Cyclically Adjusted PB Ratio falls into.
Japan Tobacco 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, Japan Tobacco'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) |
| = | 13.799 | / | 107.2000 | * | 107.2000 |
| = | 13.799 |
Current CPI (Mar. 2024) = 107.2000.
Japan Tobacco Quarterly Data
|
Book Value per Share |
CPI |
Adj_Book |
| 201406 |
9.507 |
98.000 |
10.399 |
| 201409 |
9.866 |
98.500 |
10.737 |
| 201412 |
0.000 |
97.900 |
0.000 |
| 201503 |
9.594 |
97.900 |
10.505 |
| 201506 |
9.907 |
98.400 |
10.793 |
| 201509 |
9.958 |
98.500 |
10.838 |
| 201512 |
10.333 |
98.100 |
11.292 |
| 201603 |
10.528 |
97.900 |
11.528 |
| 201606 |
10.671 |
98.100 |
11.661 |
| 201609 |
10.738 |
98.000 |
11.746 |
| 201612 |
11.208 |
98.400 |
12.210 |
| 201703 |
11.250 |
98.100 |
12.294 |
| 201706 |
11.670 |
98.500 |
12.701 |
| 201709 |
11.225 |
98.800 |
12.179 |
| 201712 |
11.537 |
99.400 |
12.442 |
| 201803 |
11.208 |
99.200 |
12.112 |
| 201806 |
11.641 |
99.200 |
12.580 |
| 201809 |
11.330 |
99.900 |
12.158 |
| 201812 |
11.504 |
99.700 |
12.369 |
| 201903 |
11.629 |
99.700 |
12.504 |
| 201906 |
12.214 |
99.800 |
13.120 |
| 201909 |
12.149 |
100.100 |
13.011 |
| 201912 |
12.383 |
100.500 |
13.209 |
| 202003 |
11.480 |
100.300 |
12.270 |
| 202006 |
11.842 |
99.900 |
12.707 |
| 202009 |
11.035 |
99.900 |
11.841 |
| 202012 |
11.261 |
99.300 |
12.157 |
| 202103 |
11.449 |
99.900 |
12.286 |
| 202106 |
11.837 |
99.500 |
12.753 |
| 202109 |
12.134 |
100.100 |
12.995 |
| 202112 |
12.308 |
100.100 |
13.181 |
| 202203 |
12.539 |
101.100 |
13.296 |
| 202206 |
14.633 |
101.800 |
15.409 |
| 202209 |
15.052 |
103.100 |
15.651 |
| 202212 |
13.957 |
104.100 |
14.373 |
| 202303 |
13.808 |
104.400 |
14.178 |
| 202306 |
14.229 |
105.200 |
14.500 |
| 202309 |
13.994 |
106.200 |
14.126 |
| 202312 |
13.741 |
106.800 |
13.792 |
| 202403 |
13.799 |
107.200 |
13.799 |
Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.
Japan Tobacco (FRA:JAT) Business Description
Traded in Other Exchanges
Address
2-1, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8422
Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.
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