GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Est Tools Co Ltd (SZSE:300488) » Definitions » Cyclically Adjusted Book per Share

Est Tools Co (SZSE:300488) Cyclically Adjusted Book per Share : ¥6.03 (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Est Tools 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.

Est Tools Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥8.960. 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 ¥6.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Est Tools Co's average Cyclically Adjusted Book Growth Rate was 10.20% 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.

As of today (2024-05-28), Est Tools Co's current stock price is ¥21.31. Est Tools Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥6.03. Est Tools Co's Cyclically Adjusted PB Ratio of today is 3.53.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Est Tools Co was 4.69. The lowest was 2.93. And the median was 3.96.


Est Tools Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Est Tools 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.

Est Tools Co Cyclically Adjusted Book per Share Chart

Est Tools 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 - - - - 5.93

Est Tools 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 5.47 5.61 5.81 5.93 6.03

Competitive Comparison of Est Tools Co's Cyclically Adjusted Book per Share

For the Tools & Accessories subindustry, Est Tools 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.


Est Tools Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Est Tools Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Est Tools 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, Est Tools 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)
=8.96/115.2271*115.2271
=8.960

Current CPI (Mar. 2024) = 115.2271.

Est Tools Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 98.200 0.000
201409 2.351 98.900 2.739
201412 2.529 99.000 2.944
201503 2.047 99.900 2.361
201506 3.502 99.500 4.056
201509 3.616 100.500 4.146
201512 3.728 100.600 4.270
201603 3.807 102.200 4.292
201606 3.864 101.400 4.391
201609 3.972 102.400 4.470
201612 4.108 102.600 4.614
201703 4.868 103.200 5.435
201706 4.962 103.100 5.546
201709 5.244 104.100 5.805
201712 5.211 104.500 5.746
201803 5.371 105.300 5.877
201806 5.401 104.900 5.933
201809 5.601 106.600 6.054
201812 5.542 106.500 5.996
201903 5.679 107.700 6.076
201906 5.684 107.700 6.081
201909 5.861 109.800 6.151
201912 6.102 111.200 6.323
202003 6.178 112.300 6.339
202006 6.220 110.400 6.492
202009 6.374 111.700 6.575
202012 6.476 111.500 6.692
202103 6.603 112.662 6.753
202106 6.707 111.769 6.915
202109 6.978 112.215 7.165
202112 7.251 113.108 7.387
202203 7.427 114.335 7.485
202206 7.502 114.558 7.546
202209 7.725 115.339 7.718
202212 7.688 115.116 7.695
202303 7.804 115.116 7.812
202306 7.915 114.558 7.961
202309 8.131 115.339 8.123
202312 8.360 114.781 8.392
202403 8.960 115.227 8.960

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


Est Tools Co  (SZSE:300488) 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.

Est Tools Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.31/6.03
=3.53

* 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 Est Tools Co was 4.69. The lowest was 2.93. And the median was 3.96.


Be Aware

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


Est Tools Co Cyclically Adjusted Book per Share Related Terms

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


Est Tools Co (SZSE:300488) Business Description

Traded in Other Exchanges
N/A
Address
No. 239 Xinqiao North Road, Wuyuan Town, Zhejiang Province, Jiaxing, CHN, 314300
Est Tools Co Ltd is engaged the company is engaged in the research and development, production and sales of machine tools. The products mainly include precision complex, miscellaneous tools, spline measuring tools, precision cutting tools, and other metal cutting tools and high-precision measuring instruments. The company also offer edge measuring tools, including thread cutters, spline gages, and molding cutters.
Executives
Xu Jian Wei Supervisors
Hu Jin Qiu Securities Affairs Representative
Chen Er Rong Director
Zheng Ji Liang Executives
Zhou Yao Juan Executives
He Qin Song Executives
Yao Hai Feng Executives

Est Tools Co (SZSE:300488) Headlines

No Headlines