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Caissa Tosun Development Co (SZSE:000796) Cyclically Adjusted Book per Share : ¥1.80 (As of Mar. 2024)


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What is Caissa Tosun Development Co 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.

Caissa Tosun Development Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥0.623. 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 ¥1.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Caissa Tosun Development Co's average Cyclically Adjusted Book Growth Rate was -12.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -9.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -4.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.70% 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 Caissa Tosun Development Co was 7.20% per year. The lowest was -9.50% per year. And the median was -1.80% per year.

As of today (2024-05-25), Caissa Tosun Development Co's current stock price is ¥3.44. Caissa Tosun Development Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥1.80. Caissa Tosun Development Co's Cyclically Adjusted PB Ratio of today is 1.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Caissa Tosun Development Co was 19.71. The lowest was 1.56. And the median was 3.58.


Caissa Tosun Development Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Caissa Tosun Development Co'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.

Caissa Tosun Development Co Cyclically Adjusted Book per Share Chart

Caissa Tosun Development Co 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 2.45 2.47 2.36 2.14 1.84

Caissa Tosun Development Co 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 2.05 1.95 1.89 1.84 1.80

Competitive Comparison of Caissa Tosun Development Co's Cyclically Adjusted Book per Share

For the Travel Services subindustry, Caissa Tosun Development Co'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.


Caissa Tosun Development Co's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Caissa Tosun Development Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Caissa Tosun Development Co's Cyclically Adjusted PB Ratio falls into.



Caissa Tosun Development Co 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, Caissa Tosun Development Co'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)
=0.623/115.2271*115.2271
=0.623

Current CPI (Mar. 2024) = 115.2271.

Caissa Tosun Development Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.101 98.200 2.465
201409 2.106 98.900 2.454
201412 2.411 99.000 2.806
201503 2.241 99.900 2.585
201506 2.261 99.500 2.618
201509 1.026 100.500 1.176
201512 2.050 100.600 2.348
201603 2.064 102.200 2.327
201606 2.143 101.400 2.435
201609 2.370 102.400 2.667
201612 2.333 102.600 2.620
201703 2.363 103.200 2.638
201706 2.397 103.100 2.679
201709 2.646 104.100 2.929
201712 2.509 104.500 2.767
201803 2.561 105.300 2.802
201806 2.609 104.900 2.866
201809 2.912 106.600 3.148
201812 2.885 106.500 3.121
201903 2.776 107.700 2.970
201906 2.808 107.700 3.004
201909 3.029 109.800 3.179
201912 3.078 111.200 3.189
202003 2.903 112.300 2.979
202006 2.843 110.400 2.967
202009 2.754 111.700 2.841
202012 1.174 111.500 1.213
202103 1.056 112.662 1.080
202106 0.960 111.769 0.990
202109 0.847 112.215 0.870
202112 0.168 113.108 0.171
202203 0.057 114.335 0.057
202206 0.125 114.558 0.126
202209 0.028 115.339 0.028
202212 -1.177 115.116 -1.178
202303 -1.230 115.116 -1.231
202306 -1.306 114.558 -1.314
202309 -0.724 115.339 -0.723
202312 0.641 114.781 0.643
202403 0.623 115.227 0.623

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


Caissa Tosun Development Co  (SZSE:000796) 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.

Caissa Tosun Development Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.44/1.8
=1.91

* 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 Caissa Tosun Development Co was 19.71. The lowest was 1.56. And the median was 3.58.


Be Aware

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


Caissa Tosun Development Co Cyclically Adjusted Book per Share Related Terms

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Caissa Tosun Development Co (SZSE:000796) Business Description

Traded in Other Exchanges
N/A
Address
No.155 Jinger Road, Weibin District, Shaanxi, Baoji, CHN, 721000
Caissa Tosun Development Co Ltd is engaged in tourism industry. The company's services include group tours, domestic and peripheral tours, cruise, visa, air tickets, hotel bookings, theme tours, among others.
Executives
Nang Qi Directors, executives
Ma Yi Wen Director
Zheng Dan Supervisors
Zhang Ling Directors, executives
Gao Zhi Ping Supervisors
Zhang Wei Supervisors
Liu Jiang Tao Directors, executives
Li Wei Dong Supervisors
Liu Zhi Qiang Director
Wei Cun Gong Director
Ma Zhang Zhao Supervisors
Li Zhang Ming Supervisors

Caissa Tosun Development Co (SZSE:000796) Headlines

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