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Kobe Steel (STU:KST) Cyclically Adjusted Book per Share : €14.07 (As of Sep. 2024)


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What is Kobe Steel 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.

Kobe Steel's adjusted book value per share for the three months ended in Sep. 2024 was €17.686. 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 €14.07 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Kobe Steel's average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.50% 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 Kobe Steel was 4.10% per year. The lowest was 0.70% per year. And the median was 2.20% per year.

As of today (2024-12-14), Kobe Steel's current stock price is €9.399. Kobe Steel's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €14.07. Kobe Steel's Cyclically Adjusted PB Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kobe Steel was 0.99. The lowest was 0.15. And the median was 0.45.


Kobe Steel Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kobe Steel'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.

Kobe Steel Cyclically Adjusted Book per Share Chart

Kobe Steel 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 16.78 14.84 14.53 14.32 13.17

Kobe Steel Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 13.58 13.95 13.17 - 14.07

Competitive Comparison of Kobe Steel's Cyclically Adjusted Book per Share

For the Steel subindustry, Kobe Steel'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.


Kobe Steel's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kobe Steel's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kobe Steel 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, Kobe Steel's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=17.686/108.9000*108.9000
=17.686

Current CPI (Sep. 2024) = 108.9000.

Kobe Steel Quarterly Data

Book Value per Share CPI Adj_Book
201412 13.695 97.900 15.234
201503 16.401 97.900 18.244
201506 15.530 98.400 17.187
201509 15.642 98.500 17.294
201512 15.213 98.100 16.888
201603 15.138 97.900 16.839
201606 15.624 98.100 17.344
201609 16.565 98.000 18.407
201612 14.930 98.400 16.523
201703 15.405 98.100 17.101
201706 15.419 98.500 17.047
201709 14.962 98.800 16.492
201712 15.335 99.400 16.801
201803 15.677 99.200 17.210
201806 15.806 99.200 17.352
201809 16.035 99.900 17.480
201812 16.353 99.700 17.862
201903 16.254 99.700 17.754
201906 16.592 99.800 18.105
201909 16.906 100.100 18.392
201912 16.749 100.500 18.149
202003 15.223 100.300 16.528
202006 14.566 99.900 15.878
202009 14.190 99.900 15.468
202012 14.701 99.300 16.122
202103 15.135 99.900 16.499
202106 15.322 99.500 16.770
202109 16.092 100.100 17.507
202112 15.546 100.100 16.913
202203 15.824 101.100 17.045
202206 14.937 101.800 15.979
202209 15.372 103.100 16.237
202212 15.867 104.100 16.599
202303 16.172 104.400 16.869
202306 15.443 105.200 15.986
202309 16.420 106.200 16.837
202312 16.757 106.800 17.086
202403 16.427 107.200 16.688
202406 0.000 108.200 0.000
202409 17.686 108.900 17.686

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


Kobe Steel  (STU:KST) 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.

Kobe Steel's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.399/14.07
=0.67

* 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 Kobe Steel was 0.99. The lowest was 0.15. And the median was 0.45.


Be Aware

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


Kobe Steel Cyclically Adjusted Book per Share Related Terms

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


Kobe Steel Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kobe Steel Ltd (STU:KST) » Definitions » Cyclically Adjusted Book per Share
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Address
2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, JPN, 651-8585
Kobe Steel Ltd is a Japan-based company that is primarily engaged in iron and steel, aluminum and copper, construction machinery, nonconstruction machinery, and engineering businesses. Its iron and steel business involves production of steel products, steel casting and forging, and manufacturing of titanium and steel powder. Its aluminum and copper segment manufactures aluminum and copper products. Its construction machinery segment develops and manufactures construction equipment. The nonconstruction machinery segment offers industrial machinery, compressors and equipment for the nuclear and other energy industries. The engineering segment provides solutions to plants, power stations, and water treatment companies. Japan and China account for the majority of the company's revenue.

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