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Morozoff (TSE:2217) Cyclically Adjusted Book per Share : 円2,412.92 (As of Jul. 2024)


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What is Morozoff 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.

Morozoff's adjusted book value per share for the three months ended in Jul. 2024 was 円2,855.027. 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2,412.92 for the trailing ten years ended in Jul. 2024.

During the past 12 months, Morozoff's average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.50% 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 Morozoff was 6.60% per year. The lowest was 4.30% per year. And the median was 5.60% per year.

As of today (2024-09-21), Morozoff's current stock price is 円4565.00. Morozoff's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2024 was 円2,412.92. Morozoff's Cyclically Adjusted PB Ratio of today is 1.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Morozoff was 2.08. The lowest was 1.21. And the median was 1.51.


Morozoff Cyclically Adjusted Book per Share Historical Data

The historical data trend for Morozoff'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.

Morozoff Cyclically Adjusted Book per Share Chart

Morozoff Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,858.60 1,922.03 2,015.35 2,188.67 2,326.38

Morozoff Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 2,253.47 2,305.94 2,326.38 2,368.36 2,412.92

Competitive Comparison of Morozoff's Cyclically Adjusted Book per Share

For the Confectioners subindustry, Morozoff'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.


Morozoff's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morozoff's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Morozoff 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, Morozoff's adjusted Book Value per Share data for the three months ended in Jul. 2024 was:

Adj_Book= Book Value per Share /CPI of Jul. 2024 (Change)*Current CPI (Jul. 2024)
=2855.027/108.6000*108.6000
=2,855.027

Current CPI (Jul. 2024) = 108.6000.

Morozoff Quarterly Data

Book Value per Share CPI Adj_Book
201410 1,615.098 98.200 1,786.147
201501 1,718.329 97.800 1,908.083
201504 1,768.993 98.400 1,952.364
201507 1,771.207 98.300 1,956.796
201510 1,699.583 98.500 1,873.855
201601 1,807.696 97.700 2,009.373
201604 1,856.109 98.100 2,054.775
201607 1,863.872 97.900 2,067.584
201610 1,822.096 98.600 2,006.893
201701 1,995.538 98.200 2,206.878
201704 2,037.003 98.500 2,245.873
201707 2,061.350 98.300 2,277.341
201710 2,017.274 98.800 2,217.368
201801 2,195.575 99.500 2,396.376
201804 2,224.670 99.100 2,437.933
201807 2,226.370 99.200 2,437.337
201810 2,126.063 100.200 2,304.296
201901 2,257.757 99.700 2,459.302
201904 2,317.190 100.000 2,516.468
201907 2,293.556 99.800 2,495.793
201910 2,199.407 100.400 2,379.040
202001 2,359.258 100.500 2,549.407
202004 2,324.657 100.200 2,519.538
202007 2,288.335 100.000 2,485.132
202010 2,233.575 99.800 2,430.523
202101 2,386.205 99.800 2,596.612
202104 2,384.859 99.100 2,613.478
202107 2,376.652 99.700 2,588.811
202110 2,302.268 99.900 2,502.766
202201 2,499.304 100.300 2,706.126
202204 2,487.114 101.500 2,661.089
202207 2,515.477 102.300 2,670.389
202210 2,475.219 103.700 2,592.177
202301 2,640.416 104.700 2,738.770
202304 2,681.101 105.100 2,770.386
202307 2,705.212 105.700 2,779.433
202310 2,671.003 107.100 2,708.412
202401 2,850.787 106.900 2,896.122
202404 2,838.992 107.700 2,862.716
202407 2,855.027 108.600 2,855.027

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


Morozoff  (TSE:2217) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4565.00/2412.92
=1.89

* 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 Morozoff was 2.08. The lowest was 1.21. And the median was 1.51.


Be Aware

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


Morozoff Cyclically Adjusted Book per Share Related Terms

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


Morozoff Business Description

Traded in Other Exchanges
N/A
Address
Kobe Higashinada Koyochonishi Chome, Kobe City, JPN, 658-0033
Morozoff Ltd is a Japan-based confectionery maker. The company is mainly engaged in the production and sale of chocolates, candies, and cakes. Products offered by the company include pudding, jelly, cake, summer dessert, cookie, baked sweets, frozen sweets. It sells its products through its retail stores, coffee shops, department stores, and restaurants under the brand name Cafe Morozoff, Feuillage Chocolat, Pudding, Alpenglow, and Morozoff Grand. Morozoff has overseas stores located in Dubai, Singapore, Hong Kong, Macau, Taipei, and Shanghai.

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