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Komatsu (STU:KOM1) Cyclically Adjusted Book per Share : €13.10 (As of Mar. 2024)


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What is Komatsu 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.

Komatsu's adjusted book value per share for the three months ended in Mar. 2024 was €19.692. 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 €13.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Komatsu's average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.80% 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 Komatsu was 10.10% per year. The lowest was 7.30% per year. And the median was 8.55% per year.

As of today (2024-05-25), Komatsu's current stock price is €26.82. Komatsu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €13.10. Komatsu's Cyclically Adjusted PB Ratio of today is 2.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Komatsu was 3.48. The lowest was 1.02. And the median was 1.87.


Komatsu Cyclically Adjusted Book per Share Historical Data

The historical data trend for Komatsu'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.

Komatsu Cyclically Adjusted Book per Share Chart

Komatsu 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 12.45 12.35 12.60 13.35 13.10

Komatsu 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 13.35 12.52 12.98 13.24 13.10

Competitive Comparison of Komatsu's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, Komatsu'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.


Komatsu's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Komatsu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Komatsu 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, Komatsu'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)
=19.692/107.2000*107.2000
=19.692

Current CPI (Mar. 2024) = 107.2000.

Komatsu Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.394 98.000 11.370
201409 11.072 98.500 12.050
201412 10.958 97.900 11.999
201503 12.452 97.900 13.635
201506 11.915 98.400 12.981
201509 12.143 98.500 13.216
201512 12.394 98.100 13.544
201603 12.800 97.900 14.016
201606 12.677 98.100 13.853
201609 13.252 98.000 14.496
201612 13.453 98.400 14.656
201703 13.845 98.100 15.129
201706 13.611 98.500 14.813
201709 13.320 98.800 14.452
201712 13.365 99.400 14.414
201803 13.495 99.200 14.583
201806 13.988 99.200 15.116
201809 14.406 99.900 15.459
201812 14.258 99.700 15.331
201903 15.316 99.700 16.468
201906 15.411 99.800 16.554
201909 15.988 100.100 17.122
201912 15.758 100.500 16.809
202003 15.764 100.300 16.848
202006 15.410 99.900 16.536
202009 15.124 99.900 16.229
202012 15.079 99.300 16.279
202103 15.636 99.900 16.779
202106 15.410 99.500 16.603
202109 16.307 100.100 17.464
202112 16.974 100.100 18.178
202203 18.084 101.100 19.175
202206 18.267 101.800 19.236
202209 19.212 103.100 19.976
202212 17.816 104.100 18.347
202303 18.767 104.400 19.270
202306 18.775 105.200 19.132
202309 19.197 106.200 19.378
202312 19.096 106.800 19.168
202403 19.692 107.200 19.692

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


Komatsu  (STU:KOM1) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=26.82/13.1
=2.05

* 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 Komatsu was 3.48. The lowest was 1.02. And the median was 1.87.


Be Aware

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


Komatsu Cyclically Adjusted Book per Share Related Terms

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


Komatsu (STU:KOM1) Business Description

Address
3-6 Akasaka 2-chome, Minato-ku, Tokyo, JPN, 107-8414
Komatsu manufactures and sells construction, mining, utility, forestry, and industrial machinery. It also provides related services such as supplying parts, financing, and maintenance. Its major products are hydraulic excavators, bulldozers, wheel loaders, dump trucks, and motor graders, which focus on surface mining and construction. Through its subsidiary, Komatsu Mining (previously Joy Global before being acquired), the company manufactures and sells surface mining equipment like draglines as well as underground mining machinery such as continuous miners and blasthole drills. The company is headquartered in Tokyo.

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