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Hulic Co (TSE:3003) Cyclically Adjusted Book per Share : 円689.09 (As of Mar. 2024)


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What is Hulic 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.

Hulic Co's adjusted book value per share for the three months ended in Mar. 2024 was 円1,014.190. 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689.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hulic Co's average Cyclically Adjusted Book Growth Rate was 13.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.90% 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 Hulic Co was 7.60% per year. The lowest was -10.60% per year. And the median was -2.75% per year.

As of today (2024-05-26), Hulic Co's current stock price is 円1454.00. Hulic Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円689.09. Hulic Co's Cyclically Adjusted PB Ratio of today is 2.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hulic Co was 2.65. The lowest was 1.38. And the median was 1.92.


Hulic Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hulic 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.

Hulic Co Cyclically Adjusted Book per Share Chart

Hulic Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 584.58 538.09 528.66 589.47 669.75

Hulic 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 606.39 627.23 649.23 669.75 689.09

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

For the Real Estate Services subindustry, Hulic 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.


Hulic Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hulic Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hulic 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, Hulic Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1014.19/107.2000*107.2000
=1,014.190

Current CPI (Mar. 2024) = 107.2000.

Hulic Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 320.860 98.000 350.982
201409 325.612 98.500 354.372
201412 341.403 97.900 373.835
201503 353.411 97.900 386.983
201506 455.976 98.400 496.754
201509 448.962 98.500 488.617
201512 474.904 98.100 518.957
201603 471.965 97.900 516.799
201606 477.779 98.100 522.099
201609 487.366 98.000 533.119
201612 511.684 98.400 557.444
201703 513.461 98.100 561.091
201706 538.623 98.500 586.197
201709 540.817 98.800 586.797
201712 570.024 99.400 614.754
201803 565.238 99.200 610.822
201806 594.066 99.200 641.975
201809 591.815 99.900 635.061
201812 608.490 99.700 654.264
201903 605.529 99.700 651.080
201906 632.642 99.800 679.551
201909 644.927 100.100 690.671
201912 687.017 100.500 732.818
202003 660.091 100.300 705.501
202006 686.945 99.900 737.142
202009 673.403 99.900 722.611
202012 728.311 99.300 786.253
202103 740.035 99.900 794.112
202106 774.634 99.500 834.581
202109 769.729 100.100 824.325
202112 836.889 100.100 896.249
202203 837.036 101.100 887.540
202206 863.452 101.800 909.254
202209 860.542 103.100 894.763
202212 901.092 104.100 927.926
202303 907.706 104.400 932.051
202306 955.960 105.200 974.134
202309 958.821 106.200 967.849
202312 1,006.195 106.800 1,009.964
202403 1,014.190 107.200 1,014.190

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


Hulic Co  (TSE:3003) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1454.00/689.09
=2.11

* 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 Hulic Co was 2.65. The lowest was 1.38. And the median was 1.92.


Be Aware

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


Hulic Co Cyclically Adjusted Book per Share Related Terms

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


Hulic Co (TSE:3003) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hulic Co Ltd (TSE:3003) » Definitions » Cyclically Adjusted Book per Share
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Address
7-3 Nihonbashi Odenmacho, Chuo-ku, Tokyo, JPN
Hulic Co Ltd engages in real estate leasing of office buildings, residential properties, retail properties, hotels, and other properties across Tokyo. Although leasing is the core business, the company also operates a reconstruction business, development business, and investment business. Hulic's office buildings consist primarily of medium-sized offices and are constructed with quake-damping technology to ensure reliability and safety. Office buildings constitute nearly half of Hulic's portfolio. Aside from leasing condominiums, residential properties include housing built exclusively for the elderly. The group traditionally has staked its real estate business on accessibility by placing properties near stations and in metropolitan areas.

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