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Hakuhodo DY Holdings (TSE:2433) Cyclically Adjusted Book per Share : 円940.38 (As of Dec. 2024)


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What is Hakuhodo DY Holdings 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.

Hakuhodo DY Holdings's adjusted book value per share for the three months ended in Dec. 2024 was 円1,027.287. 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940.38 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Hakuhodo DY Holdings'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 Hakuhodo DY Holdings was 7.10% per year. The lowest was 3.70% per year. And the median was 5.35% per year.

As of today (2025-05-27), Hakuhodo DY Holdings's current stock price is 円1143.00. Hakuhodo DY Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was 円940.38. Hakuhodo DY Holdings's Cyclically Adjusted PB Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hakuhodo DY Holdings was 3.04. The lowest was 1.09. And the median was 2.08.


Hakuhodo DY Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hakuhodo DY Holdings'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.

Hakuhodo DY Holdings Cyclically Adjusted Book per Share Chart

Hakuhodo DY Holdings 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 721.40 769.65 831.53 886.48 -

Hakuhodo DY Holdings 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 886.48 - 917.36 940.38 -

Competitive Comparison of Hakuhodo DY Holdings's Cyclically Adjusted Book per Share

For the Advertising Agencies subindustry, Hakuhodo DY Holdings'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.


Hakuhodo DY Holdings's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hakuhodo DY Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Hakuhodo DY Holdings 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, Hakuhodo DY Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1027.287/110.7000*110.7000
=1,027.287

Current CPI (Dec. 2024) = 110.7000.

Hakuhodo DY Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201503 707.821 97.900 800.366
201506 703.090 98.400 790.976
201509 714.543 98.500 803.045
201512 731.084 98.100 824.985
201603 733.603 97.900 829.518
201606 722.815 98.100 815.654
201609 743.693 98.000 840.070
201612 764.776 98.400 860.373
201703 818.424 98.100 923.543
201706 821.121 98.500 922.823
201709 859.241 98.800 962.733
201712 902.103 99.400 1,004.656
201803 921.475 99.200 1,028.299
201806 964.624 99.200 1,076.450
201809 782.335 99.900 866.912
201812 698.365 99.700 775.416
201903 757.214 99.700 840.758
201906 754.818 99.800 837.258
201909 752.415 100.100 832.091
201912 795.342 100.500 876.063
202003 775.421 100.300 855.824
202006 776.739 99.900 860.711
202009 798.344 99.900 884.651
202012 811.777 99.300 904.972
202103 885.352 99.900 981.066
202106 908.306 99.500 1,010.547
202109 963.009 100.100 1,064.986
202112 956.002 100.100 1,057.237
202203 958.317 101.100 1,049.314
202206 945.832 101.800 1,028.523
202209 989.405 103.100 1,062.339
202212 994.911 104.100 1,057.989
202303 986.647 104.400 1,046.186
202306 985.313 105.200 1,036.827
202309 991.222 106.200 1,033.223
202312 1,006.756 106.800 1,043.520
202403 1,049.179 107.200 1,083.434
202406 0.000 108.200 0.000
202409 1,056.632 108.900 1,074.097
202412 1,027.287 110.700 1,027.287

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


Hakuhodo DY Holdings  (TSE:2433) 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.

Hakuhodo DY Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1143.00/940.38
=1.22

* 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 Hakuhodo DY Holdings was 3.04. The lowest was 1.09. And the median was 2.08.


Be Aware

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


Hakuhodo DY Holdings Cyclically Adjusted Book per Share Related Terms

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


Hakuhodo DY Holdings Business Description

Traded in Other Exchanges
Address
5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6320
Hakuhodo DY Holdings Inc is a Japanese holding company that owns advertising companies, integrated media companies, and creative solutions companies. The company earns most of its revenue from its two largest segments, mass media services and marketing promotion. The mass media segments focus on television, newspaper, and magazine advertising. The company's marketing promotion segment focuses on Internet, creative, and promotional services. While the vast majority of the historical company's revenue was derived from Japan, Hakuhodo is expanding internationally through its over 250 subsidiaries around the world.

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