GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MISUMI Group Inc (OTCPK:MSSMY) » Definitions » Cyclically Adjusted Book per Share

MSSMY (MISUMI Group) Cyclically Adjusted Book per Share : $2.92 (As of Sep. 2024)


View and export this data going back to 2017. Start your Free Trial

What is MISUMI Group 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.

MISUMI Group's adjusted book value per share for the three months ended in Sep. 2024 was $4.259. 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 $2.92 for the trailing ten years ended in Sep. 2024.

During the past 12 months, MISUMI Group's average Cyclically Adjusted Book Growth Rate was 11.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.40% 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 MISUMI Group was 13.00% per year. The lowest was 8.80% per year. And the median was 10.60% per year.

As of today (2024-12-13), MISUMI Group's current stock price is $7.89. MISUMI Group's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $2.92. MISUMI Group's Cyclically Adjusted PB Ratio of today is 2.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of MISUMI Group was 8.88. The lowest was 2.65. And the median was 5.49.


MISUMI Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for MISUMI Group'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.

MISUMI Group Cyclically Adjusted Book per Share Chart

MISUMI Group 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 - 2.51 2.49 2.66 2.67

MISUMI Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.50 2.68 2.67 - 2.92

Competitive Comparison of MISUMI Group's Cyclically Adjusted Book per Share

For the Tools & Accessories subindustry, MISUMI Group'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.


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

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

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



MISUMI Group 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, MISUMI Group's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=4.259/108.9000*108.9000
=4.259

Current CPI (Sep. 2024) = 108.9000.

MISUMI Group Quarterly Data

Book Value per Share CPI Adj_Book
201412 1.967 97.900 2.188
201503 2.006 97.900 2.231
201506 1.988 98.400 2.200
201509 2.088 98.500 2.308
201512 2.095 98.100 2.326
201603 2.287 97.900 2.544
201606 2.398 98.100 2.662
201609 2.532 98.000 2.814
201612 2.336 98.400 2.585
201703 2.494 98.100 2.769
201706 2.694 98.500 2.978
201709 2.845 98.800 3.136
201712 2.881 99.400 3.156
201803 3.099 99.200 3.402
201806 3.041 99.200 3.338
201809 3.098 99.900 3.377
201812 3.085 99.700 3.370
201903 3.249 99.700 3.549
201906 3.304 99.800 3.605
201909 3.360 100.100 3.655
201912 3.406 100.500 3.691
202003 3.453 100.300 3.749
202006 3.476 99.900 3.789
202009 3.604 99.900 3.929
202012 3.748 99.300 4.110
202103 3.771 99.900 4.111
202106 3.864 99.500 4.229
202109 4.038 100.100 4.393
202112 4.040 100.100 4.395
202203 4.140 101.100 4.459
202206 3.931 101.800 4.205
202209 3.848 103.100 4.064
202212 3.993 104.100 4.177
202303 4.118 104.400 4.296
202306 4.011 105.200 4.152
202309 3.988 106.200 4.089
202312 4.056 106.800 4.136
202403 4.104 107.200 4.169
202406 0.000 108.200 0.000
202409 4.259 108.900 4.259

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


MISUMI Group  (OTCPK:MSSMY) 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.

MISUMI Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.89/2.92
=2.70

* 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 MISUMI Group was 8.88. The lowest was 2.65. And the median was 5.49.


Be Aware

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


MISUMI Group Cyclically Adjusted Book per Share Related Terms

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


MISUMI Group Business Description

Traded in Other Exchanges
Address
Koraku 2-chome, Bunkyo-ku, Iidabashi First Buiding, 5-1, TOKYO, Japan, JPN, 112-8583
MISUMI Group Inc is a Japanese manufacturer of components and parts used in automation processes. The group's three main businesses offer standardised components for automated equipment used in factory automation, die and mold parts used in the production of automobiles and electronic devices, and third-party branded products. The products include shafts, set collars, springs, gears, actuators, optical measurement devices, connectors, switches, cables, transformers, bores, wires, calipers, diamond cutting tools, punches, button dies, retainers, ejector pins, and taper pins.

MISUMI Group Headlines

From GuruFocus

Roger Edgley Comments on MISUMI Group

By Holly LaFon Holly LaFon 12-07-2017

Wasatch International Growth Fund's Top 5 New Buys

By Sheila Dang Sheila Dang 03-03-2015

Hennessy Japan Fund Adds to Existing Stakes in Second Quarter

By David Goodloe David Goodloe 07-06-2015

Matthews Japan Fund Makes 4 New Buys in 4th Quarter

By David Goodloe David Goodloe 01-30-2016

Hennessy Japan Fund Comments on MISUMI Group Inc

By Vera Yuan Vera Yuan 06-26-2014

Wasatch International Growth Fund Q1 2015 Commentary

By Vera Yuan Vera Yuan 05-29-2015