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Sonec (TSE:1768) Cyclically Adjusted Book per Share : 円968.65 (As of Sep. 2024)


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What is Sonec 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.

Sonec's adjusted book value per share for the three months ended in Sep. 2024 was 円1,173.999. 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 円968.65 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Sonec's average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 Sonec was 9.60% per year. The lowest was 6.00% per year. And the median was 7.75% per year.

As of today (2024-12-15), Sonec's current stock price is 円823.00. Sonec's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円968.65. Sonec's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sonec was 1.60. The lowest was 0.79. And the median was 1.21.


Sonec Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sonec'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.

Sonec Cyclically Adjusted Book per Share Chart

Sonec 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 672.79 714.44 775.57 859.74 940.27

Sonec Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 880.74 903.85 923.05 940.27 968.65

Competitive Comparison of Sonec's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Sonec'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.


Sonec's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sonec's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sonec 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, Sonec'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)
=1173.999/108.9000*108.9000
=1,173.999

Current CPI (Sep. 2024) = 108.9000.

Sonec Quarterly Data

Book Value per Share CPI Adj_Book
201409 583.961 98.500 645.618
201412 600.875 97.900 668.389
201503 622.774 97.900 692.749
201506 627.734 98.400 694.718
201509 636.471 98.500 703.672
201512 662.122 98.100 735.016
201603 668.764 97.900 743.906
201606 664.376 98.100 737.518
201609 688.362 98.000 764.925
201612 715.557 98.400 791.912
201703 739.500 98.100 820.913
201706 744.737 98.500 823.369
201709 763.642 98.800 841.707
201712 787.325 99.400 862.572
201803 812.109 99.200 891.519
201806 806.787 99.200 885.676
201809 838.056 99.900 913.557
201812 861.197 99.700 940.666
201903 876.625 99.700 957.517
201906 872.215 99.800 951.746
201909 891.790 100.100 970.189
201912 905.741 100.500 981.445
202003 922.040 100.300 1,001.098
202006 923.359 99.900 1,006.544
202009 943.595 99.900 1,028.604
202012 984.607 99.300 1,079.796
202103 1,035.626 99.900 1,128.926
202106 1,018.073 99.500 1,114.253
202109 1,050.059 100.100 1,142.372
202112 1,072.670 100.100 1,166.971
202203 1,110.618 101.100 1,196.304
202206 1,107.744 101.800 1,185.003
202209 1,135.623 103.100 1,199.509
202212 1,173.203 104.100 1,227.299
202303 1,183.976 104.400 1,235.009
202306 1,169.500 105.200 1,210.633
202309 1,188.853 106.200 1,219.078
202312 1,176.922 106.800 1,200.064
202403 1,192.221 107.200 1,211.127
202409 1,173.999 108.900 1,173.999

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


Sonec  (TSE:1768) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=823.00/968.65
=0.85

* 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 Sonec was 1.60. The lowest was 0.79. And the median was 1.21.


Be Aware

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


Sonec Cyclically Adjusted Book per Share Related Terms

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


Sonec Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sonec Corp (TSE:1768) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
2257-1, Sone-cho, Hyogo, Takasago-shi, JPN, 676-0082
Sonec Corp is engaged in the comprehensive construction industry. It constructs residential, institutional, and commercial buildings. In addition, the company also performs civil engineering works for water, sewage, and road projects.

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