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HTCMF (Hitachi Construction Machinery Co) Cyclically Adjusted Book per Share : $15.24 (As of Mar. 2025)


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What is Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co's adjusted book value per share for the three months ended in Mar. 2025 was $25.527. 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 $15.24 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Hitachi Construction Machinery Co's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.90% 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 Hitachi Construction Machinery Co was 9.20% per year. The lowest was 4.10% per year. And the median was 6.70% per year.

As of today (2025-05-18), Hitachi Construction Machinery Co's current stock price is $24.97. Hitachi Construction Machinery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $15.24. Hitachi Construction Machinery Co's Cyclically Adjusted PB Ratio of today is 1.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hitachi Construction Machinery Co was 2.76. The lowest was 1.01. And the median was 1.59.


Hitachi Construction Machinery Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co Cyclically Adjusted Book per Share Chart

Hitachi Construction Machinery 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 17.34 15.97 17.10 14.94 15.24

Hitachi Construction Machinery 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 14.94 - 16.60 16.80 15.24

Competitive Comparison of Hitachi Construction Machinery Co's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, Hitachi Construction Machinery 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.


Hitachi Construction Machinery Co's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hitachi Construction Machinery Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hitachi Construction Machinery Co's Cyclically Adjusted PB Ratio falls into.


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Hitachi Construction Machinery 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, Hitachi Construction Machinery 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)
=25.527/111.1000*111.1000
=25.527

Current CPI (Mar. 2025) = 111.1000.

Hitachi Construction Machinery Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 16.401 98.400 18.518
201509 16.498 98.500 18.608
201512 15.700 98.100 17.781
201603 16.487 97.900 18.710
201606 16.542 98.100 18.734
201609 17.103 98.000 19.389
201612 15.926 98.400 17.981
201703 16.642 98.100 18.847
201706 17.398 98.500 19.624
201709 18.404 98.800 20.695
201712 18.655 99.400 20.851
201803 19.888 99.200 22.274
201806 19.243 99.200 21.551
201809 19.579 99.900 21.774
201812 19.616 99.700 21.859
201903 20.580 99.700 22.933
201906 20.677 99.800 23.018
201909 20.879 100.100 23.173
201912 21.119 100.500 23.346
202003 20.682 100.300 22.909
202006 20.819 99.900 23.153
202009 21.310 99.900 23.699
202012 21.973 99.300 24.584
202103 22.219 99.900 24.710
202106 22.284 99.500 24.882
202109 23.190 100.100 25.738
202112 23.011 100.100 25.540
202203 24.255 101.100 26.654
202206 22.502 101.800 24.558
202209 21.744 103.100 23.431
202212 22.070 104.100 23.554
202303 23.220 104.400 24.710
202306 23.411 105.200 24.724
202309 23.396 106.200 24.475
202312 23.604 106.800 24.554
202403 23.959 107.200 24.831
202406 0.000 108.200 0.000
202409 25.315 108.900 25.826
202412 24.754 110.700 24.843
202503 25.527 111.100 25.527

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


Hitachi Construction Machinery Co  (OTCPK:HTCMF) 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.

Hitachi Construction Machinery Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.97/15.24
=1.64

* 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 Hitachi Construction Machinery Co was 2.76. The lowest was 1.01. And the median was 1.59.


Be Aware

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


Hitachi Construction Machinery Co Cyclically Adjusted Book per Share Related Terms

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


Hitachi Construction Machinery Co Business Description

Traded in Other Exchanges
Address
16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015
Hitachi Construction Machinery, or HCM, manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining/construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.4% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo, Japan.

Hitachi Construction Machinery Co Headlines