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Mitsui Chemicals (FRA:MSI) Cyclically Adjusted Book per Share : €18.80 (As of Mar. 2024)


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What is Mitsui Chemicals 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.

Mitsui Chemicals's adjusted book value per share for the three months ended in Mar. 2024 was €27.867. 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 €18.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mitsui Chemicals's average Cyclically Adjusted Book Growth Rate was 11.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.60% 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 Mitsui Chemicals was 10.10% per year. The lowest was -0.40% per year. And the median was 4.15% per year.

As of today (2024-06-14), Mitsui Chemicals's current stock price is €25.40. Mitsui Chemicals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €18.80. Mitsui Chemicals's Cyclically Adjusted PB Ratio of today is 1.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mitsui Chemicals was 1.80. The lowest was 0.78. And the median was 1.28.


Mitsui Chemicals Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mitsui Chemicals'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.

Mitsui Chemicals Cyclically Adjusted Book per Share Chart

Mitsui Chemicals 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 18.27 18.12 17.78 18.62 18.80

Mitsui Chemicals 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 18.62 17.56 18.36 18.87 18.80

Competitive Comparison of Mitsui Chemicals's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Mitsui Chemicals'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.


Mitsui Chemicals's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsui Chemicals's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mitsui Chemicals 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, Mitsui Chemicals'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)
=27.867/107.2000*107.2000
=27.867

Current CPI (Mar. 2024) = 107.2000.

Mitsui Chemicals Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.858 98.000 14.065
201409 13.389 98.500 14.572
201412 13.417 97.900 14.692
201503 15.575 97.900 17.055
201506 15.203 98.400 16.563
201509 15.694 98.500 17.080
201512 15.925 98.100 17.402
201603 15.178 97.900 16.620
201606 15.897 98.100 17.372
201609 16.815 98.000 18.394
201612 17.442 98.400 19.002
201703 18.612 98.100 20.338
201706 18.682 98.500 20.332
201709 18.398 98.800 19.962
201712 19.067 99.400 20.563
201803 19.691 99.200 21.279
201806 20.578 99.200 22.238
201809 21.292 99.900 22.848
201812 21.572 99.700 23.195
201903 22.525 99.700 24.219
201906 23.058 99.800 24.768
201909 23.626 100.100 25.302
201912 23.290 100.500 24.843
202003 23.287 100.300 24.889
202006 22.665 99.900 24.321
202009 23.114 99.900 24.803
202012 22.823 99.300 24.639
202103 23.976 99.900 25.728
202106 24.816 99.500 26.736
202109 26.806 100.100 28.707
202112 27.804 100.100 29.776
202203 28.241 101.100 29.945
202206 27.393 101.800 28.846
202209 28.301 103.100 29.426
202212 27.945 104.100 28.777
202303 28.927 104.400 29.703
202306 27.804 105.200 28.333
202309 27.708 106.200 27.969
202312 27.615 106.800 27.718
202403 27.867 107.200 27.867

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


Mitsui Chemicals  (FRA:MSI) 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.

Mitsui Chemicals's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=25.40/18.8
=1.35

* 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 Mitsui Chemicals was 1.80. The lowest was 0.78. And the median was 1.28.


Be Aware

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


Mitsui Chemicals Cyclically Adjusted Book per Share Related Terms

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


Mitsui Chemicals (FRA:MSI) Business Description

Industry
Traded in Other Exchanges
Address
1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, JPN, 105-7122
Mitsui Chemicals Inc manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm organizes itself into five segments based on the product type. The basic materials segment, which generates more revenue than any other segment, sells petrochemicals, industrial chemicals, phenols, and polyesters. The mobility segment sells elastomers, performance compounds, and performance polymers to the automotive industry. The other three segments are healthcare, food and packaging, and others. The majority of revenue comes from Asia.