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Kubota (FRA:KUOA) Cyclically Adjusted Book per Share : €38.59 (As of Mar. 2024)


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What is Kubota 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.

Kubota's adjusted book value per share for the three months ended in Mar. 2024 was €60.665. 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 €38.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kubota's average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.30% 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 Kubota was 12.60% per year. The lowest was 0.60% per year. And the median was 5.70% per year.

As of today (2024-06-12), Kubota's current stock price is €64.50. Kubota's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €38.59. Kubota's Cyclically Adjusted PB Ratio of today is 1.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kubota was 3.77. The lowest was 1.46. And the median was 2.52.


Kubota Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kubota'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.

Kubota Cyclically Adjusted Book per Share Chart

Kubota Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.89 34.11 36.66 38.86 39.45

Kubota 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 38.78 36.99 37.80 39.45 38.59

Competitive Comparison of Kubota's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, Kubota'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.


Kubota's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Kubota's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kubota 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, Kubota'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)
=60.665/107.2000*107.2000
=60.665

Current CPI (Mar. 2024) = 107.2000.

Kubota Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 98.000 0.000
201409 28.954 98.500 31.511
201412 29.194 97.900 31.967
201503 33.888 97.900 37.107
201506 32.771 98.400 35.702
201509 33.643 98.500 36.615
201512 0.000 98.100 0.000
201603 35.535 97.900 38.911
201606 36.397 98.100 39.773
201609 38.051 98.000 41.623
201612 39.317 98.400 42.833
201703 39.544 98.100 43.212
201706 40.004 98.500 43.537
201709 38.554 98.800 41.832
201712 39.151 99.400 42.223
201803 38.994 99.200 42.139
201806 41.277 99.200 44.606
201809 41.836 99.900 44.893
201812 42.596 99.700 45.800
201903 44.132 99.700 47.452
201906 46.022 99.800 49.434
201909 47.856 100.100 51.250
201912 48.769 100.500 52.020
202003 48.221 100.300 51.538
202006 48.935 99.900 52.511
202009 47.742 99.900 51.231
202012 48.372 99.300 52.220
202103 50.053 99.900 53.711
202106 50.226 99.500 54.113
202109 52.092 100.100 55.787
202112 54.362 100.100 58.218
202203 56.667 101.100 60.086
202206 56.414 101.800 59.406
202209 58.128 103.100 60.440
202212 55.062 104.100 56.702
202303 57.011 104.400 58.540
202306 58.806 105.200 59.924
202309 58.715 106.200 59.268
202312 58.968 106.800 59.189
202403 60.665 107.200 60.665

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


Kubota  (FRA:KUOA) 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.

Kubota's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=64.50/38.59
=1.67

* 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 Kubota was 3.77. The lowest was 1.46. And the median was 2.52.


Be Aware

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


Kubota Cyclically Adjusted Book per Share Related Terms

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


Kubota (FRA:KUOA) Business Description

Traded in Other Exchanges
Address
2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, JPN, 556-8601
Kubota manufactures and sells small and midsize agricultural and construction equipment as well as water treatment equipment. Its key products in the farm and industrial machinery segment include compact/utility tractors, mini excavators, compact track loaders, engines, and rice farming equipment, such as combine harvesters as well as rice transplanters. The company has produced over 5.4 million units of tractors worldwide and over 30 million units of engines. Its water and environment segment provides mainly pipe system products like ductile iron pipes and valves, water/waste treatment plants, pumps, as well as operation and maintenance services, including public-private partnership projects. The company is based in Osaka, Japan, and was founded in 1890.

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