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Japan Airlines Co (Japan Airlines Co) Cyclically Adjusted Book per Share : $8.47 (As of Mar. 2024)


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What is Japan Airlines 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.

Japan Airlines Co's adjusted book value per share for the three months ended in Mar. 2024 was $6.949. 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 $8.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Japan Airlines Co's average Cyclically Adjusted Book Growth Rate was 2.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 16.80% 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 Japan Airlines Co was 106.90% per year. The lowest was -6.00% per year. And the median was 11.60% per year.

As of today (2024-05-21), Japan Airlines Co's current stock price is $8.56. Japan Airlines Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $8.47. Japan Airlines Co's Cyclically Adjusted PB Ratio of today is 1.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Japan Airlines Co was 9.43. The lowest was 0.82. And the median was 2.42.


Japan Airlines Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Japan Airlines 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.

Japan Airlines Co Cyclically Adjusted Book per Share Chart

Japan Airlines Co 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 9.28 10.26 9.96 9.57 8.47

Japan Airlines Co 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 9.57 8.88 8.62 9.11 8.47

Competitive Comparison of Japan Airlines Co's Cyclically Adjusted Book per Share

For the Airlines subindustry, Japan Airlines 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.


Japan Airlines Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Japan Airlines Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Japan Airlines 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, Japan Airlines Co'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)
=6.949/107.2000*107.2000
=6.949

Current CPI (Mar. 2024) = 107.2000.

Japan Airlines Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.734 98.000 9.554
201409 9.179 98.500 9.990
201412 8.558 97.900 9.371
201503 8.896 97.900 9.741
201506 8.677 98.400 9.453
201509 9.542 98.500 10.385
201512 9.849 98.100 10.763
201603 10.297 97.900 11.275
201606 10.775 98.100 11.775
201609 11.992 98.000 13.118
201612 10.985 98.400 11.967
201703 12.176 98.100 13.305
201706 12.234 98.500 13.315
201709 13.076 98.800 14.188
201712 13.175 99.400 14.209
201803 14.237 99.200 15.385
201806 14.041 99.200 15.173
201809 14.573 99.900 15.638
201812 14.326 99.700 15.404
201903 13.701 99.700 14.732
201906 15.287 99.800 16.421
201909 15.888 100.100 17.015
201912 15.935 100.500 16.997
202003 13.980 100.300 14.942
202006 12.890 99.900 13.832
202009 12.232 99.900 13.126
202012 11.214 99.300 12.106
202103 9.974 99.900 10.703
202106 9.263 99.500 9.980
202109 8.800 100.100 9.424
202112 8.220 100.100 8.803
202203 7.717 101.100 8.183
202206 6.688 101.800 7.043
202209 6.236 103.100 6.484
202212 6.686 104.100 6.885
202303 6.987 104.400 7.174
202306 6.755 105.200 6.883
202309 6.855 106.200 6.920
202312 6.967 106.800 6.993
202403 6.949 107.200 6.949

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


Japan Airlines Co  (OTCPK:JAPSY) 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.

Japan Airlines Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.56/8.47
=1.01

* 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 Japan Airlines Co was 9.43. The lowest was 0.82. And the median was 2.42.


Be Aware

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


Japan Airlines Co Cyclically Adjusted Book per Share Related Terms

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


Japan Airlines Co (Japan Airlines Co) Business Description

Traded in Other Exchanges
Address
Nomura Real Estate Building, 2-4-11 Higashi-Shinagawa, Shinagawa-ku, Tokyo, JPN, 140-8637
Japan Airlines is an international air transport services company. It offers scheduled and nonscheduled air transport services and aerial work services. The company operates large aircraft, medium-size aircraft, small aircraft, and regional jets. JAL's route network comprises over 100 domestic routes and over 50 international routes. The airline flies to over 50 countries and regions and connects over 300 airports.

Japan Airlines Co (Japan Airlines Co) Headlines

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