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Seikitokyu Kogyo Co (TSE:1898) Cyclically Adjusted Book per Share : 円799.05 (As of Dec. 2023)


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What is Seikitokyu Kogyo 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.

Seikitokyu Kogyo Co's adjusted book value per share for the three months ended in Dec. 2023 was 円1,071.025. 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799.05 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Seikitokyu Kogyo Co's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Seikitokyu Kogyo Co was 14.90% per year. The lowest was 13.90% per year. And the median was 13.90% per year.

As of today (2024-06-04), Seikitokyu Kogyo Co's current stock price is 円1679.00. Seikitokyu Kogyo Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円799.05. Seikitokyu Kogyo Co's Cyclically Adjusted PB Ratio of today is 2.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Seikitokyu Kogyo Co was 2.47. The lowest was 1.10. And the median was 1.61.


Seikitokyu Kogyo Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Seikitokyu Kogyo 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.

Seikitokyu Kogyo Co Cyclically Adjusted Book per Share Chart

Seikitokyu Kogyo 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 479.31 540.25 626.06 727.28 -

Seikitokyu Kogyo 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 727.28 750.90 776.92 799.05 -

Competitive Comparison of Seikitokyu Kogyo Co's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Seikitokyu Kogyo 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.


Seikitokyu Kogyo Co's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Seikitokyu Kogyo 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, Seikitokyu Kogyo Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1071.025/106.8000*106.8000
=1,071.025

Current CPI (Dec. 2023) = 106.8000.

Seikitokyu Kogyo Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 316.841 95.700 353.591
201406 303.019 98.000 330.229
201409 321.498 98.500 348.589
201412 351.245 97.900 383.176
201503 423.187 97.900 461.659
201506 412.238 98.400 447.429
201509 435.970 98.500 472.707
201512 472.088 98.100 513.955
201603 525.949 97.900 573.763
201606 525.206 98.100 571.784
201609 545.247 98.000 594.208
201612 585.503 98.400 635.485
201703 645.905 98.100 703.187
201706 629.406 98.500 682.442
201709 593.833 98.800 641.917
201712 643.601 99.400 691.515
201803 696.079 99.200 749.408
201806 691.595 99.200 744.580
201809 718.028 99.900 767.622
201812 754.940 99.700 808.702
201903 780.738 99.700 836.337
201906 793.267 99.800 848.907
201909 821.624 100.100 876.618
201912 860.418 100.500 914.355
202003 909.132 100.300 968.049
202006 870.044 99.900 930.137
202009 913.698 99.900 976.806
202012 950.576 99.300 1,022.372
202103 1,011.010 99.900 1,080.840
202106 977.456 99.500 1,049.169
202109 1,001.992 100.100 1,069.058
202112 1,028.836 100.100 1,097.699
202203 1,082.328 101.100 1,143.349
202206 1,053.247 101.800 1,104.978
202209 1,063.622 103.100 1,101.793
202212 1,088.208 104.100 1,116.432
202303 1,088.126 104.400 1,113.140
202306 1,058.604 105.200 1,074.704
202309 1,084.038 106.200 1,090.163
202312 1,071.025 106.800 1,071.025

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


Seikitokyu Kogyo Co  (TSE:1898) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1679.00/799.05
=2.10

* 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 Seikitokyu Kogyo Co was 2.47. The lowest was 1.10. And the median was 1.61.


Be Aware

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


Seikitokyu Kogyo Co Cyclically Adjusted Book per Share Related Terms

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


Seikitokyu Kogyo Co (TSE:1898) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 9, No. 3, 2-chome, Minato-ku, Tokyo, JPN, 105-0011
Seikitokyu Kogyo Co Ltd is a general construction company belonging to Tokyu group. The firm is mainly engaged in the development of social capital, business development, such as civil engineering, irrigation and the environment, pavement material production and sales. It specializes in asphalt paving.

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