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Yakult Honsha Co (FRA:YKH) Cyclically Adjusted Book per Share : €8.35 (As of Dec. 2024)


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What is Yakult Honsha 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.

Yakult Honsha Co's adjusted book value per share for the three months ended in Dec. 2024 was €11.687. 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 €8.35 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Yakult Honsha Co's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Yakult Honsha Co was 9.80% per year. The lowest was 5.10% per year. And the median was 7.05% per year.

As of today (2025-05-28), Yakult Honsha Co's current stock price is €17.70. Yakult Honsha Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €8.35. Yakult Honsha Co's Cyclically Adjusted PB Ratio of today is 2.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Yakult Honsha Co was 5.76. The lowest was 1.97. And the median was 3.34.


Yakult Honsha Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Yakult Honsha 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.

Yakult Honsha Co Cyclically Adjusted Book per Share Chart

Yakult Honsha 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 7.35 7.60 7.92 7.61 -

Yakult Honsha 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 7.61 7.59 8.31 8.35 -

Competitive Comparison of Yakult Honsha Co's Cyclically Adjusted Book per Share

For the Beverages - Non-Alcoholic subindustry, Yakult Honsha 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.


Yakult Honsha Co's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Yakult Honsha Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Yakult Honsha 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, Yakult Honsha Co's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=11.687/110.7000*110.7000
=11.687

Current CPI (Dec. 2024) = 110.7000.

Yakult Honsha Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 7.545 97.900 8.531
201506 7.152 98.400 8.046
201509 7.585 98.500 8.524
201512 7.732 98.100 8.725
201603 7.982 97.900 9.026
201606 8.248 98.100 9.307
201609 8.256 98.000 9.326
201612 7.946 98.400 8.939
201703 8.600 98.100 9.705
201706 8.517 98.500 9.572
201709 8.373 98.800 9.381
201712 8.748 99.400 9.742
201803 8.391 99.200 9.364
201806 8.536 99.200 9.526
201809 8.544 99.900 9.468
201812 8.823 99.700 9.796
201903 8.877 99.700 9.856
201906 9.139 99.800 10.137
201909 9.498 100.100 10.504
201912 9.501 100.500 10.465
202003 9.795 100.300 10.811
202006 9.412 99.900 10.430
202009 9.565 99.900 10.599
202012 9.684 99.300 10.796
202103 9.752 99.900 10.806
202106 9.887 99.500 11.000
202109 10.555 100.100 11.673
202112 10.803 100.100 11.947
202203 10.769 101.100 11.792
202206 10.307 101.800 11.208
202209 11.172 103.100 11.996
202212 11.436 104.100 12.161
202303 11.163 104.400 11.837
202306 10.819 105.200 11.385
202309 11.353 106.200 11.834
202312 11.549 106.800 11.971
202403 11.127 107.200 11.490
202406 11.119 108.200 11.376
202409 12.395 108.900 12.600
202412 11.687 110.700 11.687

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


Yakult Honsha Co  (FRA:YKH) 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.

Yakult Honsha Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.70/8.35
=2.12

* 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 Yakult Honsha Co was 5.76. The lowest was 1.97. And the median was 3.34.


Be Aware

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


Yakult Honsha Co Cyclically Adjusted Book per Share Related Terms

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


Yakult Honsha Co Business Description

Traded in Other Exchanges
Address
1-19 Higashi Shimbashi 1-chome, Minato-ku, Tokyo, JPN, 105-0021
Yakult Honsha is a pioneer in probiotics, which launched the probiotic drinks Yakult in 1935 after Minoru Shirota's discovery of Lactobacillus casei Shirota, a strain of lactic acid bacteria proved to be able to live in intestines, in 1930. It operates in 40 countries across four continents selling mainly the Yakult probiotic drinks. Apart from the retail outlets, the home delivery channel, served by a team of 83,000 Yakult Ladies globally, contributes about 45% of its probiotic drink volume. Overseas markets comprise 40% of group sales and profits. Yakult has built a meaningful presence in populated emerging markets including China, Indonesia, Mexico, and Brazil. It plans to step up expansion in the US. It also operates a pharmaceutical business with an emphasis on oncology drugs.

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