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Hoshizaki (Hoshizaki) Cyclically Adjusted Book per Share : $2.79 (As of Mar. 2024)


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What is Hoshizaki 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.

Hoshizaki's adjusted book value per share for the three months ended in Mar. 2024 was $3.947. 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 $2.79 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hoshizaki's average Cyclically Adjusted Book Growth Rate was 10.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.90% 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 Hoshizaki was 10.20% per year. The lowest was 7.50% per year. And the median was 8.80% per year.

As of today (2024-06-13), Hoshizaki's current stock price is $8.885. Hoshizaki's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.79. Hoshizaki's Cyclically Adjusted PB Ratio of today is 3.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hoshizaki was 5.88. The lowest was 2.75. And the median was 3.46.


Hoshizaki Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hoshizaki'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.

Hoshizaki Cyclically Adjusted Book per Share Chart

Hoshizaki Annual Data
Trend Dec14 Dec15 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 - - 2.86 2.65 2.60

Hoshizaki 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 2.79 2.67 2.92 2.60 2.79

Competitive Comparison of Hoshizaki's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Hoshizaki'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.


Hoshizaki's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Hoshizaki 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, Hoshizaki'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)
=3.947/107.2000*107.2000
=3.947

Current CPI (Mar. 2024) = 107.2000.

Hoshizaki Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.552 98.000 2.792
201409 2.554 98.500 2.780
201412 2.358 97.900 2.582
201503 2.338 97.900 2.560
201506 2.381 98.400 2.594
201509 2.494 98.500 2.714
201512 2.467 98.100 2.696
201603 2.618 97.900 2.867
201606 2.808 98.100 3.068
201609 3.003 98.000 3.285
201612 2.762 98.400 3.009
201703 2.837 98.100 3.100
201706 3.007 98.500 3.273
201709 3.150 98.800 3.418
201712 3.133 99.400 3.379
201803 3.298 99.200 3.564
201806 3.320 99.200 3.588
201809 3.414 99.900 3.663
201812 3.419 99.700 3.676
201903 3.476 99.700 3.737
201906 3.629 99.800 3.898
201909 3.760 100.100 4.027
201912 3.805 100.500 4.059
202003 3.790 100.300 4.051
202006 3.784 99.900 4.061
202009 3.895 99.900 4.180
202012 3.960 99.300 4.275
202103 3.861 99.900 4.143
202106 3.887 99.500 4.188
202109 3.975 100.100 4.257
202112 3.909 100.100 4.186
202203 3.859 101.100 4.092
202206 3.751 101.800 3.950
202209 3.639 103.100 3.784
202212 3.696 104.100 3.806
202303 3.827 104.400 3.930
202306 3.910 105.200 3.984
202309 3.887 106.200 3.924
202312 3.937 106.800 3.952
202403 3.947 107.200 3.947

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


Hoshizaki  (OTCPK:HSHZY) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.885/2.79
=3.18

* 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 Hoshizaki was 5.88. The lowest was 2.75. And the median was 3.46.


Be Aware

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


Hoshizaki Cyclically Adjusted Book per Share Related Terms

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


Hoshizaki (Hoshizaki) Business Description

Industry
Traded in Other Exchanges
Address
South Building 3-16 Sakae-cho, Aichi, JPN, 470-1194
Hoshizaki Corporation manufactures and sells commercial food service equipment globally. The company's main products are commercial kitchen equipment, such as refrigerators, ice machines, dishwashers, beer dispensers, hygiene control equipment, drink service equipment, and freshness control equipment. Its products are used in mainly restaurants, supermarkets, cafeterias, and the agro-fishery industry. The company was formerly known as Hoshizaki Electric Co., Ltd. and changed its name to Hoshizaki Corporation in July 2016. Hoshizaki Corporation was founded in 1947 and its headquarters are in Toyoake (Aichi prefecture), Japan.

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