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Keyence (STU:KEE) Cyclically Adjusted Book per Share : €48.76 (As of Dec. 2024)


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What is Keyence 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.

Keyence's adjusted book value per share for the three months ended in Dec. 2024 was €77.083. 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 €48.76 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Keyence'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 Keyence was 14.50% per year. The lowest was 12.50% per year. And the median was 12.95% per year.

As of today (2025-05-28), Keyence's current stock price is €377.30. Keyence's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €48.76. Keyence's Cyclically Adjusted PB Ratio of today is 7.74.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Keyence was 15.09. The lowest was 6.79. And the median was 9.52.


Keyence Cyclically Adjusted Book per Share Historical Data

The historical data trend for Keyence'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.

Keyence Cyclically Adjusted Book per Share Chart

Keyence Annual Data
Trend Mar14 Mar15 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 37.28 39.66 43.10 44.11 -

Keyence 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 44.11 43.32 48.36 48.76 -

Competitive Comparison of Keyence's Cyclically Adjusted Book per Share

For the Scientific & Technical Instruments subindustry, Keyence'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.


Keyence's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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Keyence 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, Keyence'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)
=77.083/110.7000*110.7000
=77.083

Current CPI (Dec. 2024) = 110.7000.

Keyence Quarterly Data

Book Value per Share CPI Adj_Book
201503 29.216 97.900 33.036
201506 28.222 98.400 31.750
201509 29.931 98.500 33.638
201512 31.510 98.100 35.557
201603 34.194 97.900 38.665
201606 37.127 98.100 41.896
201609 39.591 98.000 44.722
201612 38.411 98.400 43.212
201703 40.443 98.100 45.638
201706 40.462 98.500 45.474
201709 39.893 98.800 44.698
201712 40.882 99.400 45.530
201803 43.548 99.200 48.596
201806 45.869 99.200 51.186
201809 46.925 99.900 51.998
201812 49.512 99.700 54.975
201903 52.147 99.700 57.900
201906 54.685 99.800 60.658
201909 58.093 100.100 64.245
201912 58.149 100.500 64.051
202003 60.932 100.300 67.250
202006 60.183 99.900 66.689
202009 60.284 99.900 66.801
202012 60.212 99.300 67.125
202103 60.950 99.900 67.539
202106 60.944 99.500 67.804
202109 64.686 100.100 71.536
202112 66.943 100.100 74.032
202203 68.628 101.100 75.145
202206 65.196 101.800 70.896
202209 68.222 103.100 73.251
202212 69.126 104.100 73.509
202303 71.789 104.400 76.121
202306 68.553 105.200 72.137
202309 69.174 106.200 72.105
202312 70.929 106.800 73.519
202403 71.053 107.200 73.373
202406 69.674 108.200 71.284
202409 76.628 108.900 77.895
202412 77.083 110.700 77.083

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


Keyence  (STU:KEE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=377.30/48.76
=7.74

* 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 Keyence was 15.09. The lowest was 6.79. And the median was 9.52.


Be Aware

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


Keyence Cyclically Adjusted Book per Share Related Terms

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


Keyence Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Keyence Corp (STU:KEE) » Definitions » Cyclically Adjusted Book per Share
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Address
1-3-14, Higashi-nakajima, Higashi-Yodogawa, Osaka, JPN, 533-8555
Keyence develops and sells factory automation products, including sensors, machine vision systems, barcode readers, programmable logic controllers, laser markers, measuring instruments, and digital microscopes. The company has a fabless business model where manufacturing of its products is outsourced to qualified contract manufacturing companies, while it focuses on product planning and development. It serves customers in various industries, such as automotive, metals/machining, semiconductor/electronics, food, pharmaceutical, and other industries. Keyence was founded in 1972 and is headquartered in Osaka, Japan.

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