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FUJI Soft (STU:FJT) Cyclically Adjusted Book per Share : €11.09 (As of Mar. 2024)


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What is FUJI Soft 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.

FUJI Soft's adjusted book value per share for the three months ended in Mar. 2024 was €12.399. 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 €11.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, FUJI Soft's average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.90% 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 FUJI Soft was 7.00% per year. The lowest was 4.20% per year. And the median was 5.40% per year.

As of today (2024-06-14), FUJI Soft's current stock price is €38.40. FUJI Soft's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.09. FUJI Soft's Cyclically Adjusted PB Ratio of today is 3.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of FUJI Soft was 3.65. The lowest was 1.03. And the median was 1.75.


FUJI Soft Cyclically Adjusted Book per Share Historical Data

The historical data trend for FUJI Soft'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.

FUJI Soft Cyclically Adjusted Book per Share Chart

FUJI Soft Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.88 11.81 12.14 11.98 12.39

FUJI Soft 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 11.74 11.15 11.27 12.39 11.09

Competitive Comparison of FUJI Soft's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, FUJI Soft'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.


FUJI Soft's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, FUJI Soft's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



FUJI Soft 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, FUJI Soft'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)
=12.399/107.2000*107.2000
=12.399

Current CPI (Mar. 2024) = 107.2000.

FUJI Soft Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.021 98.000 10.962
201409 10.200 98.500 11.101
201412 9.769 97.900 10.697
201503 11.106 97.900 12.161
201506 10.614 98.400 11.563
201509 10.881 98.500 11.842
201512 11.238 98.100 12.280
201603 11.887 97.900 13.016
201606 12.620 98.100 13.791
201609 13.210 98.000 14.450
201612 12.665 98.400 13.798
201703 12.903 98.100 14.100
201706 12.780 98.500 13.909
201709 12.203 98.800 13.241
201712 12.502 99.400 13.483
201803 12.876 99.200 13.914
201806 13.315 99.200 14.389
201809 13.131 99.900 14.091
201812 13.294 99.700 14.294
201903 13.742 99.700 14.776
201906 14.245 99.800 15.301
201909 14.966 100.100 16.028
201912 14.827 100.500 15.815
202003 15.048 100.300 16.083
202006 15.170 99.900 16.279
202009 14.989 99.900 16.084
202012 15.127 99.300 16.330
202103 15.152 99.900 16.259
202106 14.722 99.500 15.861
202109 15.339 100.100 16.427
202112 15.610 100.100 16.717
202203 15.601 101.100 16.542
202206 14.741 101.800 15.523
202209 14.878 103.100 15.470
202212 15.003 104.100 15.450
202303 15.185 104.400 15.592
202306 14.543 105.200 14.819
202309 14.299 106.200 14.434
202312 12.588 106.800 12.635
202403 12.399 107.200 12.399

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


FUJI Soft  (STU:FJT) 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.

FUJI Soft's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.40/11.09
=3.46

* 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 FUJI Soft was 3.65. The lowest was 1.03. And the median was 1.75.


Be Aware

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


FUJI Soft Cyclically Adjusted Book per Share Related Terms

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


FUJI Soft (STU:FJT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » FUJI Soft Inc (STU:FJT) » Definitions » Cyclically Adjusted Book per Share
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Address
1-1 Sakuragicho, Naka-Ku, Kanagawa, Yokohama-Shi, JPN, 231-8008
FUJI Soft Inc is a holding company that provides a variety of information technology, or IT, services through its subsidiaries. The company organizes itself into four segments based on subsidiary. The FUJI soft segment, which generates the majority of revenue, provides system construction, cloud integration, IT security, and broadband services. The cybernet systems segment provides a variety of IT services for manufacturing companies. The vinx segment sells software and provides data center services. The cyber com segment provides software development services.

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