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SIOS (TSE:3744) Cyclically Adjusted Book per Share : 円179.46 (As of Mar. 2024)


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What is SIOS 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.

SIOS's adjusted book value per share for the three months ended in Mar. 2024 was 円138.819. 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179.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SIOS's average Cyclically Adjusted Book Growth Rate was -2.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.00% 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 SIOS was 1.00% per year. The lowest was -2.80% per year. And the median was -0.90% per year.

As of today (2024-06-10), SIOS's current stock price is 円571.00. SIOS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円179.46. SIOS's Cyclically Adjusted PB Ratio of today is 3.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SIOS was 5.32. The lowest was 1.60. And the median was 2.55.


SIOS Cyclically Adjusted Book per Share Historical Data

The historical data trend for SIOS'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.

SIOS Cyclically Adjusted Book per Share Chart

SIOS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 184.97 175.43 178.54 184.74 180.86

SIOS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 183.55 182.51 181.96 180.86 179.46

Competitive Comparison of SIOS's Cyclically Adjusted Book per Share

For the Software - Application subindustry, SIOS'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.


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

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

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



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

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=138.819/107.2000*107.2000
=138.819

Current CPI (Mar. 2024) = 107.2000.

SIOS Quarterly Data

Book Value per Share CPI Adj_Book
201406 192.244 98.000 210.291
201409 197.031 98.500 214.434
201412 201.768 97.900 220.935
201503 193.532 97.900 211.917
201506 192.361 98.400 209.564
201509 182.014 98.500 198.090
201512 162.611 98.100 177.695
201603 171.415 97.900 187.699
201606 161.922 98.100 176.942
201609 169.418 98.000 185.323
201612 191.261 98.400 208.366
201703 195.049 98.100 213.142
201706 199.594 98.500 217.223
201709 198.875 98.800 215.783
201712 124.806 99.400 134.600
201803 136.574 99.200 147.588
201806 132.947 99.200 143.669
201809 131.582 99.900 141.197
201812 157.177 99.700 169.001
201903 162.242 99.700 174.447
201906 154.109 99.800 165.536
201909 147.831 100.100 158.317
201912 150.980 100.500 161.045
202003 153.817 100.300 164.399
202006 147.394 99.900 158.165
202009 157.356 99.900 168.854
202012 178.610 99.300 192.820
202103 191.763 99.900 205.776
202106 200.689 99.500 216.220
202109 200.313 100.100 214.521
202112 218.916 100.100 234.444
202203 209.147 101.100 221.766
202206 178.974 101.800 188.468
202209 157.104 103.100 163.352
202212 143.453 104.100 147.725
202303 135.274 104.400 138.902
202306 119.230 105.200 121.497
202309 121.103 106.200 122.243
202312 137.043 106.800 137.556
202403 138.819 107.200 138.819

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


SIOS  (TSE:3744) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=571.00/179.46
=3.18

* 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 SIOS was 5.32. The lowest was 1.60. And the median was 2.55.


Be Aware

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


SIOS Cyclically Adjusted Book per Share Related Terms

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


SIOS (TSE:3744) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » SIOS Corp (TSE:3744) » Definitions » Cyclically Adjusted Book per Share
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2-12-3 Minami Azabu Minato-ku, SIOS Building, Tokyo, JPN, 106-0047
SIOS Corp is a Japan-based company engages in the development and sale of software, system integration, and support services. It operates through the following segments. The Open System Infrastructure segment offers LifeKeeper, a software that helps avoid system shutdown when IT systems fail, operational support systems, and consulting services. The Application segment provides multi-function product software, cloud solution, big data solution, and contract development of company information systems and related consulting services.

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