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Iwatsuka Confectionery Co (TSE:2221) Cyclically Adjusted Book per Share : 円5,664.26 (As of Mar. 2025)


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What is Iwatsuka Confectionery 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.

Iwatsuka Confectionery Co's adjusted book value per share for the three months ended in Mar. 2025 was 円6,531.350. 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5,664.26 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Iwatsuka Confectionery Co's average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.20% 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 Iwatsuka Confectionery Co was 4.40% per year. The lowest was 2.60% per year. And the median was 4.00% per year.

As of today (2025-07-08), Iwatsuka Confectionery Co's current stock price is 円2973.00. Iwatsuka Confectionery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was 円5,664.26. Iwatsuka Confectionery Co's Cyclically Adjusted PB Ratio of today is 0.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Iwatsuka Confectionery Co was 0.60. The lowest was 0.32. And the median was 0.43.


Iwatsuka Confectionery Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Iwatsuka Confectionery 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.

Iwatsuka Confectionery Co Cyclically Adjusted Book per Share Chart

Iwatsuka Confectionery Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,989.35 5,243.28 5,453.59 5,517.69 5,664.26

Iwatsuka Confectionery Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5,517.69 - 5,581.44 5,646.41 5,664.26

Competitive Comparison of Iwatsuka Confectionery Co's Cyclically Adjusted Book per Share

For the Confectioners subindustry, Iwatsuka Confectionery 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.


Iwatsuka Confectionery Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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


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

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=6531.35/111.1000*111.1000
=6,531.350

Current CPI (Mar. 2025) = 111.1000.

Iwatsuka Confectionery Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 5,957.228 98.400 6,726.098
201509 4,817.780 98.500 5,434.065
201512 4,552.110 98.100 5,155.346
201603 4,373.626 97.900 4,963.328
201606 4,012.530 98.100 4,544.262
201609 3,602.403 98.000 4,083.949
201612 4,131.197 98.400 4,664.390
201703 4,300.609 98.100 4,870.516
201706 4,272.119 98.500 4,818.603
201709 4,406.148 98.800 4,954.687
201712 5,047.880 99.400 5,642.047
201803 4,663.096 99.200 5,222.479
201806 5,160.192 99.200 5,779.207
201809 5,151.276 99.900 5,728.796
201812 4,490.336 99.700 5,003.775
201903 5,025.687 99.700 5,600.339
201906 4,833.961 99.800 5,381.293
201909 4,903.953 100.100 5,442.849
201912 5,562.763 100.500 6,149.482
202003 4,664.189 100.300 5,166.415
202006 4,750.114 99.900 5,282.659
202009 4,588.658 99.900 5,103.102
202012 4,686.692 99.300 5,243.620
202103 5,001.741 99.900 5,562.497
202106 4,814.229 99.500 5,375.486
202109 5,100.437 100.100 5,660.925
202112 5,887.199 100.100 6,534.144
202203 6,217.833 101.100 6,832.851
202206 6,440.979 101.800 7,029.398
202209 5,805.808 103.100 6,256.307
202212 5,572.311 104.100 5,947.010
202303 5,537.277 104.400 5,892.639
202306 5,943.942 105.200 6,277.300
202309 6,129.973 106.200 6,412.806
202312 5,711.819 106.800 5,941.789
202403 6,134.646 107.200 6,357.828
202406 0.000 108.200 0.000
202409 6,659.020 108.900 6,793.546
202412 6,515.291 110.700 6,538.833
202503 6,531.350 111.100 6,531.350

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


Iwatsuka Confectionery Co  (TSE:2221) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2973.00/5664.26
=0.52

* 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 Iwatsuka Confectionery Co was 0.60. The lowest was 0.32. And the median was 0.43.


Be Aware

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


Iwatsuka Confectionery Co Cyclically Adjusted Book per Share Related Terms

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


Iwatsuka Confectionery Co Business Description

Traded in Other Exchanges
N/A
Address
9750 Ura, Niigata Prefecture, Nagaoka, JPN, 949-5492
Iwatsuka Confectionery Co Ltd manufactures and sells rice crackers. It a Japanese firm. Its products include black bean rice crackers, pinch black pepper shrimp, cake flour, wet rice crackers and rice crackers for babies.

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