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Trust Holdings (TSE:3286) Cyclically Adjusted Book per Share : 円165.10 (As of Dec. 2024)


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What is Trust 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.

Trust Holdings's adjusted book value per share for the three months ended in Dec. 2024 was 円266.567. 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165.10 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Trust Holdings's average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -71.80% 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 Trust Holdings was -71.80% per year. The lowest was -71.80% per year. And the median was -71.80% per year.

As of today (2025-05-29), Trust Holdings's current stock price is 円1116.00. Trust Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was 円165.10. Trust Holdings's Cyclically Adjusted PB Ratio of today is 6.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Trust Holdings was 7.01. The lowest was 0.04. And the median was 0.28.


Trust Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Trust 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.

Trust Holdings Cyclically Adjusted Book per Share Chart

Trust Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 7,287.70 2,085.03 1,512.81 163.11

Trust Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Dec24
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 163.11 162.33 161.85 160.11 165.10

Competitive Comparison of Trust Holdings's Cyclically Adjusted Book per Share

For the Specialty Business Services subindustry, Trust 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.


Trust Holdings's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Trust Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Trust 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, Trust 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)
=266.567/110.7000*110.7000
=266.567

Current CPI (Dec. 2024) = 110.7000.

Trust Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201409 213.110 98.500 239.505
201412 198.508 97.900 224.462
201503 209.052 97.900 236.385
201506 175.493 98.400 197.430
201509 165.531 98.500 186.033
201512 161.765 98.100 182.542
201603 125.755 97.900 142.197
201606 133.544 98.100 150.696
201609 89.153 98.000 100.707
201612 103.946 98.400 116.939
201703 182.814 98.100 206.295
201706 126.745 98.500 142.443
201709 111.446 98.800 124.869
201712 82.344 99.400 91.705
201803 128.852 99.200 143.789
201806 133.340 99.200 148.798
201809 124.471 99.900 137.927
201812 124.122 99.700 137.817
201903 94.169 99.700 104.559
201906 156.835 99.800 173.964
201909 146.809 100.100 162.355
201912 186.620 100.500 205.561
202003 211.188 100.300 233.086
202006 153.123 99.900 169.677
202009 124.816 99.900 138.310
202012 172.857 99.300 192.702
202103 166.365 99.900 184.350
202106 151.113 99.500 168.123
202109 45.047 100.100 49.817
202112 107.384 100.100 118.755
202203 128.234 101.100 140.411
202206 108.444 101.800 117.925
202209 130.017 103.100 139.601
202212 136.351 104.100 144.996
202303 164.538 104.400 174.467
202306 166.323 105.200 175.019
202309 193.942 106.200 202.160
202312 209.562 106.800 217.215
202403 206.945 107.200 213.702
202412 266.567 110.700 266.567

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


Trust Holdings  (TSE:3286) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1116.00/165.10
=6.76

* 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 Trust Holdings was 7.01. The lowest was 0.04. And the median was 0.28.


Be Aware

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


Trust Holdings Cyclically Adjusted Book per Share Related Terms

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


Trust Holdings Business Description

Industry
Traded in Other Exchanges
N/A
Address
5-15-18 Hakataekiminami, Hakata-ku, Fukuoka, JPN, 812-0016
Trust Holdings Inc provides consultation, research, operation management and education services in commercial parking businsess. The company operates in two business segments. The parking lot business segment is engaged in the operation of parking lots that were built from idle lands. The real estate business segment is engaged in the planning and development.

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