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Watahan (TSE:3199) Cyclically Adjusted Book per Share : 円840.89 (As of Sep. 2024)


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What is Watahan 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.

Watahan's adjusted book value per share for the three months ended in Sep. 2024 was 円1,171.852. 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840.89 for the trailing ten years ended in Sep. 2024.

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 (2025-05-30), Watahan's current stock price is 円1561.00. Watahan's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円840.89. Watahan's Cyclically Adjusted PB Ratio of today is 1.86.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Watahan was 2.06. The lowest was 1.78. And the median was 1.93.


Watahan Cyclically Adjusted Book per Share Historical Data

The historical data trend for Watahan'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.

Watahan Cyclically Adjusted Book per Share Chart

Watahan Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
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Watahan Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 - - - - 840.89

Competitive Comparison of Watahan's Cyclically Adjusted Book per Share

For the Home Improvement Retail subindustry, Watahan'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.


Watahan's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

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


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Watahan 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, Watahan's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1171.852/108.9000*108.9000
=1,171.852

Current CPI (Sep. 2024) = 108.9000.

Watahan Quarterly Data

Book Value per Share CPI Adj_Book
201403 455.299 95.700 518.099
201412 452.926 97.900 503.817
201503 504.815 97.900 561.536
201506 509.825 98.400 564.227
201509 528.757 98.500 584.585
201512 547.089 98.100 607.319
201603 554.441 97.900 616.738
201606 559.927 98.100 621.570
201609 565.371 98.000 628.254
201612 601.042 98.400 665.178
201703 616.368 98.100 684.225
201706 621.065 98.500 686.639
201709 638.440 98.800 703.706
201712 665.492 99.400 729.095
201803 681.355 99.200 747.979
201806 681.853 99.200 748.526
201809 698.015 99.900 760.899
201812 713.334 99.700 779.158
201903 744.200 99.700 812.872
201906 732.789 99.800 799.606
201909 754.783 100.100 821.138
201912 794.319 100.500 860.710
202003 801.253 100.300 869.955
202006 834.926 99.900 910.145
202009 865.514 99.900 943.488
202012 894.501 99.300 980.978
202103 884.796 99.900 964.507
202106 872.060 99.500 954.446
202109 905.543 100.100 985.151
202112 945.308 100.100 1,028.412
202203 974.216 101.100 1,049.378
202206 971.748 101.800 1,039.522
202209 992.812 103.100 1,048.664
202212 1,028.401 104.100 1,075.820
202303 1,068.161 104.400 1,114.202
202306 1,048.105 105.200 1,084.968
202309 1,082.284 106.200 1,109.800
202312 1,115.197 106.800 1,137.125
202403 1,143.345 107.200 1,161.476
202409 1,171.852 108.900 1,171.852

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


Watahan  (TSE:3199) 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.

Watahan's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1561.00/840.89
=1.86

* 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 Watahan was 2.06. The lowest was 1.78. And the median was 1.93.


Be Aware

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


Watahan Cyclically Adjusted Book per Share Related Terms

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


Watahan Business Description

Traded in Other Exchanges
N/A
Address
Watahan Nohara Building, 1-4 Yotsuya, Shinjuku-ku, Tokyo, JPN, 160?0004
Watahan & Co Ltd engages in the retail, construction, and trading businesses in Japan. The company operates home improvement super centers. It is also involved in the construction design, operation, maintenance, and management activities; civil engineering operations; construction of landscaping and facades; sales and rental of construction materials, nursing care; operation of parking lots; and parked vehicle management activities. In addition, it provides consultancy services related to building construction, maintenance, management, and renovation activities; and manufactures and constructs steel buildings and bridge frames, as well as earthquake resistant bridges.

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