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OLYMY (Olympus) Cyclically Adjusted Book per Share : $2.61 (As of Dec. 2024)


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What is Olympus 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.

Olympus's adjusted book value per share for the three months ended in Dec. 2024 was $4.235. 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 $2.61 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Olympus's average Cyclically Adjusted Book Growth Rate was 13.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.90% 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 Olympus was 16.10% per year. The lowest was 3.60% per year. And the median was 6.55% per year.

As of today (2025-04-13), Olympus's current stock price is $12.44. Olympus's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $2.61. Olympus's Cyclically Adjusted PB Ratio of today is 4.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Olympus was 10.84. The lowest was 3.75. And the median was 6.03.


Olympus Cyclically Adjusted Book per Share Historical Data

The historical data trend for Olympus'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.

Olympus Cyclically Adjusted Book per Share Chart

Olympus 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 2.10 2.20 2.24 2.45 2.45

Olympus Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.58 2.45 2.44 2.80 2.61

Competitive Comparison of Olympus's Cyclically Adjusted Book per Share

For the Medical Devices subindustry, Olympus'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.


Olympus's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Olympus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Olympus 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, Olympus's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=4.235/110.7000*110.7000
=4.235

Current CPI (Dec. 2024) = 110.7000.

Olympus Quarterly Data

Book Value per Share CPI Adj_Book
201503 2.158 97.900 2.440
201506 2.263 98.400 2.546
201509 2.375 98.500 2.669
201512 2.389 98.100 2.696
201603 2.362 97.900 2.671
201606 2.427 98.100 2.739
201609 2.539 98.000 2.868
201612 2.648 98.400 2.979
201703 2.554 98.100 2.882
201706 2.644 98.500 2.971
201709 2.830 98.800 3.171
201712 2.926 99.400 3.259
201803 3.058 99.200 3.413
201806 2.793 99.200 3.117
201809 2.882 99.900 3.194
201812 2.855 99.700 3.170
201903 2.907 99.700 3.228
201906 2.913 99.800 3.231
201909 2.616 100.100 2.893
201912 2.824 100.500 3.111
202003 2.679 100.300 2.957
202006 2.610 99.900 2.892
202009 2.405 99.900 2.665
202012 2.659 99.300 2.964
202103 2.822 99.900 3.127
202106 2.828 99.500 3.146
202109 3.150 100.100 3.484
202112 3.276 100.100 3.623
202203 3.380 101.100 3.701
202206 3.408 101.800 3.706
202209 3.525 103.100 3.785
202212 3.554 104.100 3.779
202303 3.820 104.400 4.051
202306 5.112 105.200 5.379
202309 4.582 106.200 4.776
202312 4.401 106.800 4.562
202403 4.336 107.200 4.478
202406 4.293 108.200 4.392
202409 4.299 108.900 4.370
202412 4.235 110.700 4.235

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


Olympus  (OTCPK:OLYMY) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.44/2.61
=4.77

* 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 Olympus was 10.84. The lowest was 3.75. And the median was 6.03.


Be Aware

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


Olympus Cyclically Adjusted Book per Share Related Terms

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


Olympus Business Description

Traded in Other Exchanges
Address
Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0914
Olympus is a medical device maker with a leading position in the endoscope market and a diversified global revenue stream. Originally founded in 1919 in Japan as a microscope and camera maker, Olympus has gradually pivoted into endoscopic and therapeutic solutions. As of March 2024, more than 60% of its revenue comes from endoscopic solutions. In addition, North America is the biggest revenue contributor by region, accounting for 38% of its total revenue.