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Kawasaki Heavy Industries (Kawasaki Heavy Industries) Cyclically Adjusted Book per Share : $18.81 (As of Mar. 2024)


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What is Kawasaki Heavy Industries 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.

Kawasaki Heavy Industries's adjusted book value per share for the three months ended in Mar. 2024 was $25.268. 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 $18.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kawasaki Heavy Industries's average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.40% 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 Kawasaki Heavy Industries was 6.60% per year. The lowest was 4.00% per year. And the median was 5.25% per year.

As of today (2024-06-24), Kawasaki Heavy Industries's current stock price is $35.83. Kawasaki Heavy Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $18.81. Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio of today is 1.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kawasaki Heavy Industries was 3.12. The lowest was 0.52. And the median was 1.17.


Kawasaki Heavy Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kawasaki Heavy Industries'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.

Kawasaki Heavy Industries Cyclically Adjusted Book per Share Chart

Kawasaki Heavy Industries 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 18.47 20.43 21.05 20.11 18.81

Kawasaki Heavy Industries 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 20.11 19.61 21.04 20.45 18.81

Competitive Comparison of Kawasaki Heavy Industries's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Kawasaki Heavy Industries'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.


Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Kawasaki Heavy Industries 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, Kawasaki Heavy Industries'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)
=25.268/107.2000*107.2000
=25.268

Current CPI (Mar. 2024) = 107.2000.

Kawasaki Heavy Industries Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.943 98.000 22.909
201409 20.502 98.500 22.313
201412 20.475 97.900 22.420
201503 21.478 97.900 23.518
201506 20.762 98.400 22.619
201509 22.211 98.500 24.173
201512 21.812 98.100 23.835
201603 22.865 97.900 25.037
201606 23.371 98.100 25.539
201609 22.878 98.000 25.026
201612 21.289 98.400 23.193
201703 23.180 98.100 25.330
201706 23.560 98.500 25.641
201709 23.871 98.800 25.901
201712 23.909 99.400 25.785
201803 26.309 99.200 28.431
201806 25.166 99.200 27.196
201809 24.400 99.900 26.183
201812 24.789 99.700 26.654
201903 25.659 99.700 27.589
201906 25.434 99.800 27.320
201909 25.470 100.100 27.277
201912 25.189 100.500 26.868
202003 25.333 100.300 27.076
202006 24.606 99.900 26.404
202009 24.124 99.900 25.887
202012 25.379 99.300 27.398
202103 25.628 99.900 27.501
202106 23.837 99.500 25.682
202109 23.465 100.100 25.129
202112 22.954 100.100 24.582
202203 25.454 101.100 26.990
202206 23.169 101.800 24.398
202209 22.520 103.100 23.416
202212 24.676 104.100 25.411
202303 25.739 104.400 26.429
202306 24.700 105.200 25.170
202309 22.690 106.200 22.904
202312 23.585 106.800 23.673
202403 25.268 107.200 25.268

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


Kawasaki Heavy Industries  (OTCPK:KWHIF) 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.

Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35.83/18.81
=1.90

* 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 Kawasaki Heavy Industries was 3.12. The lowest was 0.52. And the median was 1.17.


Be Aware

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


Kawasaki Heavy Industries Cyclically Adjusted Book per Share Related Terms

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


Kawasaki Heavy Industries (Kawasaki Heavy Industries) Business Description

Traded in Other Exchanges
Address
Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, JPN, 650-8680
Kawasaki Heavy Industries Ltd is a diversified industrial company serving land, sea, and air markets. It produces heavy machinery, including multiple land vehicles, large tankers, submarines, energy systems, and aerospace equipment. In addition, the company works to produce environmental plants, industrial plants, precision machinery, robots, and infrastructure equipment. One aspect of the company focuses on manufacturing motorcycles under its well-known Kawasaki brand. Another focus and revenue generator is the division geared towards manufacturing commercial aircraft and jet engines. Sales generated in Asia account for the majority of total revenue, but the company does have a presence in the Americas and Europe.