GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mori-Gumi Co Ltd (TSE:1853) » Definitions » Cyclically Adjusted Book per Share

Mori-Gumi Co (TSE:1853) Cyclically Adjusted Book per Share : 円350.55 (As of Sep. 2024)


View and export this data going back to 1963. Start your Free Trial

What is Mori-Gumi 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.

Mori-Gumi Co's adjusted book value per share for the three months ended in Sep. 2024 was 円431.084. 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350.55 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Mori-Gumi Co's average Cyclically Adjusted Book Growth Rate was 13.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.80% 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 Mori-Gumi Co was 16.40% per year. The lowest was 14.30% per year. And the median was 15.05% per year.

As of today (2025-05-13), Mori-Gumi Co's current stock price is 円299.00. Mori-Gumi Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円350.55. Mori-Gumi Co's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mori-Gumi Co was 4.50. The lowest was 0.84. And the median was 1.25.


Mori-Gumi Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mori-Gumi 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.

Mori-Gumi Co Cyclically Adjusted Book per Share Chart

Mori-Gumi Co 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 197.35 226.15 259.75 299.10 337.99

Mori-Gumi Co 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 308.91 319.63 329.22 337.99 350.55

Competitive Comparison of Mori-Gumi Co's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Mori-Gumi 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.


Mori-Gumi Co's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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


;
;

Mori-Gumi 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, Mori-Gumi Co'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)
=431.084/108.9000*108.9000
=431.084

Current CPI (Sep. 2024) = 108.9000.

Mori-Gumi Co Quarterly Data

Book Value per Share CPI Adj_Book
201409 134.758 98.500 148.986
201412 147.275 97.900 163.823
201503 172.259 97.900 191.614
201506 178.304 98.400 197.330
201509 194.272 98.500 214.784
201512 208.042 98.100 230.946
201603 210.100 97.900 233.707
201606 210.864 98.100 234.078
201609 220.329 98.000 244.835
201612 232.817 98.400 257.660
201703 244.122 98.100 270.998
201706 250.198 98.500 276.615
201709 274.992 98.800 303.104
201712 290.412 99.400 318.168
201803 304.702 99.200 334.496
201806 303.267 99.200 332.921
201809 328.000 99.900 357.550
201812 348.611 99.700 380.780
201903 363.725 99.700 397.288
201906 349.313 99.800 381.164
201909 352.550 100.100 383.543
201912 359.817 100.500 389.891
202003 373.313 100.300 405.322
202006 360.458 99.900 392.932
202009 365.985 99.900 398.957
202012 379.847 99.300 416.569
202103 401.374 99.900 437.534
202106 393.221 99.500 430.370
202109 402.656 100.100 438.054
202112 412.489 100.100 448.752
202203 426.443 101.100 459.344
202206 409.527 101.800 438.089
202209 413.282 103.100 436.532
202212 420.153 104.100 439.526
202303 429.282 104.400 447.786
202306 415.756 105.200 430.379
202309 427.023 106.200 437.880
202312 434.473 106.800 443.016
202403 438.473 107.200 445.426
202409 431.084 108.900 431.084

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


Mori-Gumi Co  (TSE:1853) 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.

Mori-Gumi Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=299.00/350.55
=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 Mori-Gumi Co was 4.50. The lowest was 0.84. And the median was 1.25.


Be Aware

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


Mori-Gumi Co Cyclically Adjusted Book per Share Related Terms

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


Mori-Gumi Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
4-5-17 Dosho-machi, Osaka, JPN
Mori-Gumi Co Ltd operates in four divisions - Civil engineering, is engaged in the construction of bridges, roads, and other civil structures; Crushed stone division, involves trading crushed stones, granulated crushed stone, chestnut stone, crushed sand, single grain crushed stone, regenerated crushed stone, and bunker sand; Pollution prevention business, engaged in the manufacture and sale of pollution prevention facilities and equipment; and Real estate division which involves trading and leasing of real estate.

Mori-Gumi Co Headlines

No Headlines