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Tecnos Japan (TSE:3666) Cyclically Adjusted Book per Share : 円246.09 (As of Sep. 2024)


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What is Tecnos Japan 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.

Tecnos Japan's adjusted book value per share for the three months ended in Sep. 2024 was 円387.264. 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246.09 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Tecnos Japan's average Cyclically Adjusted Book Growth Rate was 12.60% 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.

As of today (2024-12-14), Tecnos Japan's current stock price is 円780.00. Tecnos Japan's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円246.09. Tecnos Japan's Cyclically Adjusted PB Ratio of today is 3.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tecnos Japan was 3.60. The lowest was 2.16. And the median was 2.71.


Tecnos Japan Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tecnos Japan'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.

Tecnos Japan Cyclically Adjusted Book per Share Chart

Tecnos Japan 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 - - 194.05 212.56 236.95

Tecnos Japan 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 218.56 225.14 231.18 236.95 246.09

Competitive Comparison of Tecnos Japan's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, Tecnos Japan'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.


Tecnos Japan's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Tecnos Japan 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, Tecnos Japan'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)
=387.264/108.9000*108.9000
=387.264

Current CPI (Sep. 2024) = 108.9000.

Tecnos Japan Quarterly Data

Book Value per Share CPI Adj_Book
201409 157.642 98.500 174.286
201412 162.206 97.900 180.431
201503 167.720 97.900 186.565
201506 159.374 98.400 176.380
201509 164.200 98.500 181.537
201512 155.973 98.100 173.144
201603 164.319 97.900 182.782
201606 153.579 98.100 170.487
201609 162.543 98.000 180.622
201612 166.953 98.400 184.768
201703 175.472 98.100 194.790
201706 145.584 98.500 160.955
201709 147.408 98.800 162.477
201712 155.681 99.400 170.560
201803 163.597 99.200 179.594
201806 148.953 99.200 163.518
201809 160.349 99.900 174.795
201812 203.587 99.700 222.373
201903 270.637 99.700 295.611
201906 236.192 99.800 257.729
201909 223.817 100.100 243.493
201912 240.547 100.500 260.652
202003 220.866 100.300 239.804
202006 239.174 99.900 260.721
202009 251.593 99.900 274.259
202012 246.475 99.300 270.303
202103 251.318 99.900 273.959
202106 251.120 99.500 274.844
202109 258.376 100.100 281.090
202112 260.794 100.100 283.721
202203 267.413 101.100 288.044
202206 263.138 101.800 281.490
202209 281.484 103.100 297.319
202212 312.113 104.100 326.504
202303 339.313 104.400 353.939
202306 341.648 105.200 353.664
202309 352.031 106.200 360.981
202312 368.177 106.800 375.416
202403 376.592 107.200 382.564
202409 387.264 108.900 387.264

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


Tecnos Japan  (TSE:3666) 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.

Tecnos Japan's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=780.00/246.09
=3.17

* 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 Tecnos Japan was 3.60. The lowest was 2.16. And the median was 2.71.


Be Aware

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


Tecnos Japan Cyclically Adjusted Book per Share Related Terms

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


Tecnos Japan Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Tecnos Japan Inc (TSE:3666) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
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Address
Opera City Tower 32 floors, 3-20-2 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-1432
Tecnos Japan Inc is engaged in the business of providing information and communication technology services and big data analysis.

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