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Tsubakimoto Chain Co (FRA:TSB) Cyclically Adjusted Book per Share : €11.24 (As of Mar. 2025)


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What is Tsubakimoto Chain Co 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.

Tsubakimoto Chain Co's adjusted book value per share for the three months ended in Mar. 2025 was €15.720. 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 €11.24 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tsubakimoto Chain Co's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.50% 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 Tsubakimoto Chain Co was 10.30% per year. The lowest was 6.80% per year. And the median was 8.90% per year.

As of today (2025-05-28), Tsubakimoto Chain Co's current stock price is €10.90. Tsubakimoto Chain Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €11.24. Tsubakimoto Chain Co's Cyclically Adjusted PB Ratio of today is 0.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tsubakimoto Chain Co was 1.74. The lowest was 0.60. And the median was 0.87.


Tsubakimoto Chain Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tsubakimoto Chain Co'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.

Tsubakimoto Chain Co Cyclically Adjusted Book per Share Chart

Tsubakimoto Chain Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.56 9.85 10.31 9.84 11.24

Tsubakimoto Chain Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 9.84 - 11.34 10.88 11.24

Competitive Comparison of Tsubakimoto Chain Co's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Tsubakimoto Chain Co'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.


Tsubakimoto Chain Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tsubakimoto Chain Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Tsubakimoto Chain Co 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, Tsubakimoto Chain Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=15.72/111.1000*111.1000
=15.720

Current CPI (Mar. 2025) = 111.1000.

Tsubakimoto Chain Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 9.184 98.400 10.369
201509 9.489 98.500 10.703
201512 9.776 98.100 11.071
201603 10.062 97.900 11.419
201606 10.319 98.100 11.686
201609 10.752 98.000 12.189
201612 10.644 98.400 12.018
201703 11.249 98.100 12.740
201706 11.149 98.500 12.575
201709 10.917 98.800 12.276
201712 11.133 99.400 12.443
201803 11.308 99.200 12.665
201806 11.607 99.200 12.999
201809 11.810 99.900 13.134
201812 11.956 99.700 13.323
201903 12.183 99.700 13.576
201906 12.502 99.800 13.918
201909 13.084 100.100 14.522
201912 13.074 100.500 14.453
202003 13.200 100.300 14.621
202006 12.840 99.900 14.280
202009 12.638 99.900 14.055
202012 12.587 99.300 14.083
202103 12.929 99.900 14.378
202106 12.914 99.500 14.420
202109 13.534 100.100 15.021
202112 13.884 100.100 15.410
202203 14.325 101.100 15.742
202206 13.816 101.800 15.078
202209 14.249 103.100 15.355
202212 14.051 104.100 14.996
202303 14.113 104.400 15.019
202306 13.875 105.200 14.653
202309 14.155 106.200 14.808
202312 14.321 106.800 14.898
202403 14.753 107.200 15.290
202406 0.000 108.200 0.000
202409 15.298 108.900 15.607
202412 15.549 110.700 15.605
202503 15.720 111.100 15.720

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


Tsubakimoto Chain Co  (FRA:TSB) 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.

Tsubakimoto Chain Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.90/11.24
=0.97

* 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 Tsubakimoto Chain Co was 1.74. The lowest was 0.60. And the median was 0.87.


Be Aware

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


Tsubakimoto Chain Co Cyclically Adjusted Book per Share Related Terms

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


Tsubakimoto Chain Co Business Description

Traded in Other Exchanges
Address
Nakanoshima Mitsui Building, 6F, 3-3-3, Nakanoshima, Kita-ku, Osaka, JPN, 530-0005
Tsubakimoto Chain Co. is a Japan-based company that is engaged in manufacturing and sales of various variable speed drives, handling equipment and other related products and services. The company operates through four divisions. The Chain operation supplies chain products, including drive chains and conveyor chains. The Automotive Parts operation provides automotive timing drive systems, timing belts, long belts and others. The Power Transmission Unites and Component operation provides reducers, variable speed drives, motion control units and others. The Materials Handling Systems operation supplies sorting systems, conveyance systems, storage and picking systems and others. The company generates most of its revenue from Japan, America and Europe.

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