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Watts Co (TSE:2735) Cyclically Adjusted Book per Share : 円868.85 (As of Feb. 2025)


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What is Watts 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.

Watts Co's adjusted book value per share for the three months ended in Feb. 2025 was 円972.222. 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868.85 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Watts Co's average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.20% 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 Watts Co was 7.70% per year. The lowest was 6.80% per year. And the median was 7.25% per year.

As of today (2025-05-29), Watts Co's current stock price is 円730.00. Watts Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 was 円868.85. Watts Co's Cyclically Adjusted PB Ratio of today is 0.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Watts Co was 2.09. The lowest was 0.67. And the median was 1.02.


Watts Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Watts 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.

Watts Co Cyclically Adjusted Book per Share Chart

Watts Co Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 635.56 678.66 739.22 793.70 843.79

Watts Co Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 813.72 829.58 843.79 856.67 868.85

Competitive Comparison of Watts Co's Cyclically Adjusted Book per Share

For the Grocery Stores subindustry, Watts 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.


Watts Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Watts Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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

Adj_Book= Book Value per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=972.222/110.8000*110.8000
=972.222

Current CPI (Feb. 2025) = 110.8000.

Watts Co Quarterly Data

Book Value per Share CPI Adj_Book
201505 657.916 98.700 738.572
201508 661.867 98.400 745.273
201511 648.301 98.100 732.230
201602 664.052 97.800 752.321
201605 673.495 98.200 759.911
201608 683.919 97.900 774.037
201611 683.690 98.600 768.285
201702 709.596 98.100 801.460
201705 726.834 98.600 816.767
201708 736.229 98.500 828.164
201711 735.493 99.100 822.327
201802 751.477 99.500 836.821
201805 770.037 99.300 859.216
201808 769.041 99.800 853.805
201811 757.141 100.000 838.912
201902 755.844 99.700 839.995
201905 761.771 100.000 844.042
201908 757.617 100.000 839.440
201911 754.819 100.500 832.179
202002 779.009 100.300 860.560
202005 780.699 100.100 864.150
202008 782.333 100.100 865.959
202011 803.889 99.500 895.185
202102 824.512 99.800 915.390
202105 841.239 99.400 937.719
202108 837.598 99.700 930.851
202111 826.257 100.100 914.578
202202 856.303 100.700 942.188
202205 856.920 101.800 932.679
202208 878.896 102.700 948.215
202211 880.415 103.900 938.883
202302 884.971 104.000 942.834
202305 887.246 105.100 935.365
202308 888.401 105.900 929.507
202311 885.453 106.900 917.757
202402 912.843 106.900 946.146
202405 939.040 108.100 962.494
202408 951.102 109.100 965.922
202411 944.601 110.000 951.471
202502 972.222 110.800 972.222

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


Watts Co  (TSE:2735) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=730.00/868.85
=0.84

* 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 Watts Co was 2.09. The lowest was 0.67. And the median was 1.02.


Be Aware

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


Watts Co Cyclically Adjusted Book per Share Related Terms

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


Watts Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
Shiromi 1-4-70, Chuo-ku, Sumitomo Life Insurance OBP Plaza Building, 5th Floor, Osaka, JPN, 540-0001
Watts Co Ltd is engaged in the wholesale of daily necessities, grocery and food products, and other goods. The company's product profile includes Sanitary goods, Cleaning sheet, Water supply equipment, Lunch supplies, and other related products.

Watts Co Headlines

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