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TKCOF (Toho Co) Cyclically Adjusted Book per Share : $13.85 (As of Feb. 2025)


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What is Toho 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.

Toho Co's adjusted book value per share for the three months ended in Feb. 2025 was $18.614. 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 $13.85 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Toho Co's average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.80% 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 Toho Co was 8.70% per year. The lowest was 4.80% per year. And the median was 7.00% per year.

As of today (2025-05-19), Toho Co's current stock price is $43.45. Toho Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 was $13.85. Toho Co's Cyclically Adjusted PB Ratio of today is 3.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Toho Co was 3.65. The lowest was 1.98. And the median was 2.70.


Toho Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Toho 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.

Toho Co Cyclically Adjusted Book per Share Chart

Toho Co Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.90 15.44 14.29 14.11 13.85

Toho Co Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 14.11 14.00 11.47 13.03 13.85

Competitive Comparison of Toho Co's Cyclically Adjusted Book per Share

For the Entertainment subindustry, Toho 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.


Toho Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toho Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Toho 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, Toho Co's adjusted Book Value per Share data for the three months ended in Feb. 2025 was:

Adj_Book= Book Value per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=18.614/110.8000*110.8000
=18.614

Current CPI (Feb. 2025) = 110.8000.

Toho Co Quarterly Data

Book Value per Share CPI Adj_Book
201505 12.527 98.700 14.063
201508 12.489 98.400 14.063
201511 12.665 98.100 14.305
201602 13.537 97.800 15.336
201605 14.437 98.200 16.289
201608 15.775 97.900 17.854
201611 15.287 98.600 17.178
201702 15.204 98.100 17.172
201705 15.501 98.600 17.419
201708 16.506 98.500 18.567
201711 16.411 99.100 18.349
201802 17.461 99.500 19.444
201805 17.329 99.300 19.336
201808 17.613 99.800 19.554
201811 17.323 100.000 19.194
201902 17.882 99.700 19.873
201905 18.129 100.000 20.087
201908 19.302 100.000 21.387
201911 19.222 100.500 21.192
202002 19.013 100.300 21.003
202005 18.913 100.100 20.935
202008 19.235 100.100 21.291
202011 19.872 99.500 22.129
202102 19.851 99.800 22.039
202105 19.531 99.400 21.771
202108 19.567 99.700 21.745
202111 18.987 100.100 21.017
202202 19.442 100.700 21.392
202205 17.574 101.800 19.128
202208 17.104 102.700 18.453
202211 16.136 103.900 17.208
202302 17.591 104.000 18.741
202305 17.553 105.100 18.505
202308 17.238 105.900 18.036
202311 16.802 106.900 17.415
202402 17.627 106.900 18.270
202405 16.755 108.100 17.173
202408 18.414 109.100 18.701
202411 17.383 110.000 17.509
202502 18.614 110.800 18.614

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


Toho Co  (OTCPK:TKCOF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=43.45/13.85
=3.14

* 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 Toho Co was 3.65. The lowest was 1.98. And the median was 2.70.


Be Aware

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


Toho Co Cyclically Adjusted Book per Share Related Terms

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


Toho Co Business Description

Traded in Other Exchanges
Address
1-2-2 Yurakucho Chiyoda-ku, Tokyo, JPN, 100-8415
Toho Co Ltd is a diversified media company, with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.

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