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Tadano (STU:TN0) Cyclically Adjusted Book per Share : €7.26 (As of Jun. 2024)


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What is Tadano 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.

Tadano's adjusted book value per share for the three months ended in Jun. 2024 was €8.779. 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 €7.26 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Tadano's average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.20% 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 Tadano was 6.20% per year. The lowest was 5.70% per year. And the median was 5.95% per year.

As of today (2024-12-13), Tadano's current stock price is €7.10. Tadano's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €7.26. Tadano's Cyclically Adjusted PB Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tadano was 2.56. The lowest was 0.71. And the median was 1.03.


Tadano Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tadano'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.

Tadano Cyclically Adjusted Book per Share Chart

Tadano Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.16 7.06 8.03 7.51 7.75

Tadano 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 7.51 7.71 7.48 7.26 -

Competitive Comparison of Tadano's Cyclically Adjusted Book per Share

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


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

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

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



Tadano 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, Tadano's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=8.779/108.2000*108.2000
=8.779

Current CPI (Jun. 2024) = 108.2000.

Tadano Quarterly Data

Book Value per Share CPI Adj_Book
201409 6.206 98.500 6.817
201412 6.123 97.900 6.767
201503 7.354 97.900 8.128
201506 6.993 98.400 7.689
201509 7.581 98.500 8.328
201512 7.839 98.100 8.646
201603 8.428 97.900 9.315
201606 8.988 98.100 9.913
201609 9.334 98.000 10.305
201612 8.844 98.400 9.725
201703 9.289 98.100 10.245
201706 8.989 98.500 9.874
201709 8.785 98.800 9.621
201712 8.700 99.400 9.470
201803 9.026 99.200 9.845
201806 9.112 99.200 9.939
201809 9.081 99.900 9.835
201812 9.271 99.700 10.061
201903 9.682 99.700 10.507
201906 9.847 99.800 10.676
201909 10.408 100.100 11.250
201912 10.069 100.500 10.840
202003 10.434 100.300 11.256
202006 10.060 99.900 10.896
202009 9.635 99.900 10.436
202012 9.252 99.300 10.081
202103 8.786 99.900 9.516
202106 9.278 99.500 10.089
202109 9.569 100.100 10.343
202112 9.570 100.100 10.344
202203 9.611 101.100 10.286
202206 9.358 101.800 9.946
202209 9.388 103.100 9.852
202212 0.000 104.100 0.000
202303 9.279 104.400 9.617
202306 9.023 105.200 9.280
202309 8.868 106.200 9.035
202312 9.084 106.800 9.203
202403 8.891 107.200 8.974
202406 8.779 108.200 8.779

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


Tadano  (STU:TN0) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.10/7.26
=0.98

* 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 Tadano was 2.56. The lowest was 0.71. And the median was 1.03.


Be Aware

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


Tadano Cyclically Adjusted Book per Share Related Terms

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


Tadano Business Description

Traded in Other Exchanges
Address
34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has three reportable segments: Japan (majority of total revenue), Europe, and Americas. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.

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