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Hotman Co (TSE:3190) Cyclically Adjusted Book per Share : 円948.52 (As of Dec. 2023)


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What is Hotman 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.

Hotman Co's adjusted book value per share for the three months ended in Dec. 2023 was 円1,063.536. 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948.52 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-06-18), Hotman Co's current stock price is 円605.00. Hotman Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円948.52. Hotman Co's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Hotman Co was 0.69. The lowest was 0.62. And the median was 0.64.


Hotman Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hotman 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.

Hotman Co Cyclically Adjusted Book per Share Chart

Hotman Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
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Hotman Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - 930.33 940.26 948.52

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

For the Textile Manufacturing subindustry, Hotman 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.


Hotman Co's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hotman Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hotman 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, Hotman Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1063.536/106.8000*106.8000
=1,063.536

Current CPI (Dec. 2023) = 106.8000.

Hotman Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 784.252 95.700 875.215
201406 767.452 98.000 836.366
201409 722.654 98.500 783.548
201412 808.443 97.900 881.938
201503 794.147 97.900 866.342
201506 780.605 98.400 847.242
201509 748.961 98.500 812.071
201512 815.979 98.100 888.344
201603 808.139 97.900 881.606
201606 786.854 98.100 856.636
201609 738.555 98.000 804.874
201612 816.680 98.400 886.397
201703 823.160 98.100 896.162
201706 834.244 98.500 904.541
201709 816.897 98.800 883.043
201712 893.230 99.400 959.728
201803 860.589 99.200 926.521
201806 860.577 99.200 926.508
201809 847.481 99.900 906.016
201812 928.938 99.700 995.091
201903 899.027 99.700 963.050
201906 899.214 99.800 962.285
201909 907.428 100.100 968.165
201912 984.147 100.500 1,045.840
202003 930.092 100.300 990.367
202006 932.334 99.900 996.729
202009 923.100 99.900 986.858
202012 1,018.448 99.300 1,095.370
202103 977.179 99.900 1,044.672
202106 956.811 99.500 1,027.009
202109 925.289 100.100 987.221
202112 1,019.959 100.100 1,088.228
202203 980.478 101.100 1,035.757
202206 977.285 101.800 1,025.285
202209 943.069 103.100 976.913
202212 1,038.559 104.100 1,065.496
202303 992.147 104.400 1,014.955
202306 999.377 105.200 1,014.577
202309 965.041 106.200 970.493
202312 1,063.536 106.800 1,063.536

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


Hotman Co  (TSE:3190) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=605.00/948.52
=0.64

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Hotman Co was 0.69. The lowest was 0.62. And the median was 0.64.


Be Aware

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


Hotman Co Cyclically Adjusted Book per Share Related Terms

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


Hotman Co (TSE:3190) Business Description

Traded in Other Exchanges
N/A
Address
Ome Nagabuchi 5-251, Tokyo, JPN, 198-8522
Hotman Co Ltd is engaged in the sales and manufacturing and processing of textile products. It generally manufactures Towels such as Embroidered towel, Print towel, Jacquard Towel, Chenille weave handkerchief and others. Geographically the activities are carried out through Japan.

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