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TIS (TSE:3626) Cyclically Adjusted Book per Share : 円1,031.35 (As of Sep. 2024)


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What is TIS 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.

TIS's adjusted book value per share for the three months ended in Sep. 2024 was 円1,376.577. 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1,031.35 for the trailing ten years ended in Sep. 2024.

During the past 12 months, TIS's average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 TIS was 9.70% per year. The lowest was 7.10% per year. And the median was 8.50% per year.

As of today (2025-01-19), TIS's current stock price is 円3410.00. TIS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円1,031.35. TIS's Cyclically Adjusted PB Ratio of today is 3.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TIS was 5.07. The lowest was 2.04. And the median was 3.36.


TIS Cyclically Adjusted Book per Share Historical Data

The historical data trend for TIS'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.

TIS Cyclically Adjusted Book per Share Chart

TIS Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 705.08 748.78 817.56 900.04 988.48

TIS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 946.53 968.16 988.48 - 1,031.35

Competitive Comparison of TIS's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, TIS'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.


TIS's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, TIS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TIS 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, TIS'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)
=1376.577/108.9000*108.9000
=1,376.577

Current CPI (Sep. 2024) = 108.9000.

TIS Quarterly Data

Book Value per Share CPI Adj_Book
201412 658.464 97.900 732.449
201503 702.724 97.900 781.682
201506 700.887 98.400 775.677
201509 662.736 98.500 732.710
201512 666.833 98.100 740.246
201603 677.018 97.900 753.087
201606 673.985 98.100 748.185
201609 689.420 98.000 766.100
201612 713.686 98.400 789.842
201703 755.249 98.100 838.396
201706 763.539 98.500 844.156
201709 800.077 98.800 881.866
201712 834.996 99.400 914.799
201803 867.353 99.200 952.165
201806 879.183 99.200 965.151
201809 886.851 99.900 966.747
201812 860.081 99.700 939.447
201903 906.590 99.700 990.247
201906 917.957 99.800 1,001.658
201909 920.437 100.100 1,001.355
201912 965.236 100.500 1,045.912
202003 963.421 100.300 1,046.027
202006 973.789 99.900 1,061.518
202009 997.491 99.900 1,087.355
202012 1,021.149 99.300 1,119.870
202103 1,078.589 99.900 1,175.759
202106 1,101.595 99.500 1,205.665
202109 1,138.674 100.100 1,238.777
202112 1,208.403 100.100 1,314.636
202203 1,173.590 101.100 1,264.134
202206 1,109.813 101.800 1,187.216
202209 1,133.474 103.100 1,197.239
202212 1,161.628 104.100 1,215.190
202303 1,227.435 104.400 1,280.342
202306 1,237.148 105.200 1,280.660
202309 1,283.385 106.200 1,316.013
202312 1,313.589 106.800 1,339.418
202403 1,333.321 107.200 1,354.465
202406 0.000 108.200 0.000
202409 1,376.577 108.900 1,376.577

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


TIS  (TSE:3626) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3410.00/1031.35
=3.31

* 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 TIS was 5.07. The lowest was 2.04. And the median was 3.36.


Be Aware

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


TIS Cyclically Adjusted Book per Share Related Terms

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


TIS Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » TIS Inc (TSE:3626) » Definitions » Cyclically Adjusted Book per Share
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Address
17-1, Nishishinjuku 8-chome, Shinjuku-ku, Toyama, JPN, 160-0023
TIS Inc is a Japan-based company engaged in providing information technology (IT) related services including outsourcing services, software development, and solution services regarding investments in information technology. The company's segments include IT Infrastructure Services, Financial IT Services, Industrial IT Services. The IT Infrastructure Services segment provides computer utility, that is, operation services, under in-house control through the use of large IT facilities such as data centers. The Financial IT Services segment applies finance-specific business knowhow and IT to support the shift toward greater use of IT in business operations and the execution of business activities drawing on the power of IT.

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