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Seiko Epson (FRA:SE7) Cyclically Adjusted Book per Share : €10.23 (As of Mar. 2024)


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What is Seiko Epson 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.

Seiko Epson's adjusted book value per share for the three months ended in Mar. 2024 was €15.012. 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 €10.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Seiko Epson's average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.00% 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 Seiko Epson was 12.10% per year. The lowest was 6.20% per year. And the median was 9.00% per year.

As of today (2024-06-20), Seiko Epson's current stock price is €14.10. Seiko Epson's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.23. Seiko Epson's Cyclically Adjusted PB Ratio of today is 1.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Seiko Epson was 2.83. The lowest was 0.86. And the median was 1.48.


Seiko Epson Cyclically Adjusted Book per Share Historical Data

The historical data trend for Seiko Epson'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.

Seiko Epson Cyclically Adjusted Book per Share Chart

Seiko Epson 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 9.55 9.28 9.86 10.40 10.23

Seiko Epson 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 10.40 9.90 10.17 10.57 10.23

Competitive Comparison of Seiko Epson's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Seiko Epson'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.


Seiko Epson's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Seiko Epson's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Seiko Epson 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, Seiko Epson'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)
=15.012/107.2000*107.2000
=15.012

Current CPI (Mar. 2024) = 107.2000.

Seiko Epson Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.126 98.000 8.889
201409 8.940 98.500 9.730
201412 9.276 97.900 10.157
201503 10.604 97.900 11.611
201506 10.061 98.400 10.961
201509 10.286 98.500 11.195
201512 10.940 98.100 11.955
201603 10.397 97.900 11.385
201606 10.012 98.100 10.941
201609 10.544 98.000 11.534
201612 11.157 98.400 12.155
201703 11.571 98.100 12.644
201706 11.299 98.500 12.297
201709 10.584 98.800 11.484
201712 11.158 99.400 12.034
201803 11.132 99.200 12.030
201806 11.476 99.200 12.401
201809 11.627 99.900 12.477
201812 11.854 99.700 12.746
201903 12.211 99.700 13.130
201906 12.107 99.800 13.005
201909 12.761 100.100 13.666
201912 12.672 100.500 13.517
202003 12.240 100.300 13.082
202006 11.864 99.900 12.731
202009 11.676 99.900 12.529
202012 11.679 99.300 12.608
202103 12.305 99.900 13.204
202106 12.232 99.500 13.179
202109 12.987 100.100 13.908
202112 13.675 100.100 14.645
202203 14.730 101.100 15.619
202206 14.599 101.800 15.373
202209 15.348 103.100 15.958
202212 14.650 104.100 15.086
202303 15.331 104.400 15.742
202306 15.143 105.200 15.431
202309 15.035 106.200 15.177
202312 14.872 106.800 14.928
202403 15.012 107.200 15.012

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


Seiko Epson  (FRA:SE7) 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.

Seiko Epson's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.10/10.23
=1.38

* 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 Seiko Epson was 2.83. The lowest was 0.86. And the median was 1.48.


Be Aware

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


Seiko Epson Cyclically Adjusted Book per Share Related Terms

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


Seiko Epson (FRA:SE7) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Seiko Epson Corp (FRA:SE7) » Definitions » Cyclically Adjusted Book per Share
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Address
3-5 Owa 3-chome, Suwa, Nagano, JPN, 392-8502
Seiko Epson Corp is a Japan-based electronics manufacturer of printers and imaging equipment. The firm's product portfolio includes inkjet, dot matrix, and laser printers, scanners, desktop computers, business, multimedia and home theatre projectors, large home theatre televisions, robots and industrial automation equipment, point of sale docket printers and cash registers, laptops, integrated circuits, and associated electronic components. The firm has operations in the Americas, Middle East and Africa, Australia, and Asia-Pacific regions.

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