GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shin-Etsu Chemical Co Ltd (OTCPK:SHECF) » Definitions » Cyclically Adjusted Book per Share

SHECF (Shin-Etsu Chemical Co) Cyclically Adjusted Book per Share : $9.27 (As of Dec. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Shin-Etsu Chemical 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.

Shin-Etsu Chemical Co's adjusted book value per share for the three months ended in Dec. 2024 was $14.452. 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 $9.27 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Shin-Etsu Chemical Co's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Shin-Etsu Chemical Co was 11.60% per year. The lowest was 6.00% per year. And the median was 7.70% per year.

As of today (2025-05-19), Shin-Etsu Chemical Co's current stock price is $32.225. Shin-Etsu Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $9.27. Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio of today is 3.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shin-Etsu Chemical Co was 5.13. The lowest was 1.51. And the median was 2.72.


Shin-Etsu Chemical Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Shin-Etsu Chemical 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.

Shin-Etsu Chemical Co Cyclically Adjusted Book per Share Chart

Shin-Etsu Chemical 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 9.04 8.88 9.05 9.22 -

Shin-Etsu Chemical 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 9.22 - 9.53 9.27 -

Competitive Comparison of Shin-Etsu Chemical Co's Cyclically Adjusted Book per Share

For the Chemicals subindustry, Shin-Etsu Chemical 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.


Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio falls into.


;
;

Shin-Etsu Chemical 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, Shin-Etsu Chemical Co'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)
=14.452/110.7000*110.7000
=14.452

Current CPI (Dec. 2024) = 110.7000.

Shin-Etsu Chemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 7.647 97.900 8.647
201506 7.443 98.400 8.373
201509 7.865 98.500 8.839
201512 7.712 98.100 8.703
201603 8.433 97.900 9.536
201606 8.916 98.100 10.061
201609 9.079 98.000 10.256
201612 8.033 98.400 9.037
201703 8.861 98.100 9.999
201706 9.041 98.500 10.161
201709 9.333 98.800 10.457
201712 9.366 99.400 10.431
201803 10.398 99.200 11.603
201806 10.065 99.200 11.232
201809 10.371 99.900 11.492
201812 10.510 99.700 11.670
201903 10.650 99.700 11.825
201906 11.105 99.800 12.318
201909 11.365 100.100 12.568
201912 11.347 100.500 12.499
202003 11.856 100.300 13.085
202006 11.895 99.900 13.181
202009 12.428 99.900 13.772
202012 12.738 99.300 14.200
202103 12.465 99.900 13.813
202106 12.817 99.500 14.260
202109 13.372 100.100 14.788
202112 13.284 100.100 14.691
202203 13.517 101.100 14.801
202206 12.451 101.800 13.540
202209 12.947 103.100 13.901
202212 14.462 104.100 15.379
202303 14.366 104.400 15.233
202306 13.811 105.200 14.533
202309 14.259 106.200 14.863
202312 14.839 106.800 15.381
202403 14.255 107.200 14.720
202406 0.000 108.200 0.000
202409 16.610 108.900 16.885
202412 14.452 110.700 14.452

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


Shin-Etsu Chemical Co  (OTCPK:SHECF) 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.

Shin-Etsu Chemical Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.225/9.27
=3.48

* 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 Shin-Etsu Chemical Co was 5.13. The lowest was 1.51. And the median was 2.72.


Be Aware

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


Shin-Etsu Chemical Co Cyclically Adjusted Book per Share Related Terms

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


Shin-Etsu Chemical Co Business Description

Traded in Other Exchanges
Address
6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004
Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.

Shin-Etsu Chemical Co Headlines

From GuruFocus

Matthews Japan Fund's 4th-Quarter Commentary: A Recap

By Sydnee Gatewood 02-05-2024

Matthews Japan Fund 2nd-Quarter Commentary

By Sydnee Gatewood 07-22-2022

Matthews Japan Fund Third Quarter 2013 Commentary

By Holly LaFon Holly LaFon 11-18-2013

Matthews Japan Fund Comments on Shin-Etsu Chemical

By Sydnee Gatewood Sydnee Gatewood 04-23-2020

Matthews Japan Fund First Quarter Shareholder Commentary

By Holly LaFon Holly LaFon 05-15-2017