/term/cyclically-adjusted-book/TSE:3851 Nippon Ichi Software (TSE:3851) Cyclically Adjusted Book pe
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Nippon Ichi Software (TSE:3851) Cyclically Adjusted Book per Share : 円830.16 (As of Dec. 2023)


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What is Nippon Ichi Software 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.

Nippon Ichi Software's adjusted book value per share for the three months ended in Dec. 2023 was 円1,520.185. 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830.16 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Nippon Ichi Software's average Cyclically Adjusted Book Growth Rate was 18.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.60% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Nippon Ichi Software was 17.60% per year. The lowest was 11.70% per year. And the median was 14.10% per year.

As of today (2024-06-20), Nippon Ichi Software's current stock price is 円997.00. Nippon Ichi Software's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円830.16. Nippon Ichi Software's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nippon Ichi Software was 5.09. The lowest was 1.20. And the median was 2.33.

Nippon Ichi Software Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nippon Ichi Software'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.

Nippon Ichi Software Cyclically Adjusted Book per Share Chart

Nippon Ichi Software Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 402.77 447.56 507.73 598.70 727.87

Nippon Ichi Software Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 698.06 727.87 762.81 799.07 830.16

Competitive Comparison of Nippon Ichi Software's Cyclically Adjusted Book per Share

For the Electronic Gaming & Multimedia subindustry, Nippon Ichi Software'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.

Nippon Ichi Software's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Nippon Ichi Software's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


Nippon Ichi Software 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, Nippon Ichi Software's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1520.185/106.8000*106.8000
=1,520.185

Current CPI (Dec. 2023) = 106.8000.

Nippon Ichi Software Quarterly Data

Book Value per Share CPI Adj_Book
201403 422.493 95.700 471.497
201406 417.244 98.000 454.711
201409 449.008 98.500 486.843
201412 463.425 97.900 505.555
201503 444.800 97.900 485.236
201506 432.972 98.400 469.933
201509 435.221 98.500 471.894
201512 476.904 98.100 519.198
201603 474.654 97.900 517.804
201606 460.168 98.100 500.978
201609 493.246 98.000 537.537
201612 507.481 98.400 550.803
201703 513.564 98.100 559.109
201706 540.491 98.500 586.035
201709 590.167 98.800 637.954
201712 607.332 99.400 652.546
201803 599.010 99.200 644.902
201806 616.260 99.200 663.473
201809 665.939 99.900 711.935
201812 675.696 99.700 723.815
201903 663.453 99.700 710.700
201906 677.977 99.800 725.530
201909 669.079 100.100 713.863
201912 710.562 100.500 755.105
202003 726.416 100.300 773.492
202006 741.591 99.900 792.812
202009 768.588 99.900 821.674
202012 810.543 99.300 871.762
202103 917.838 99.900 981.232
202106 1,009.992 99.500 1,084.092
202109 1,090.216 100.100 1,163.188
202112 1,136.687 100.100 1,212.769
202203 1,220.192 101.100 1,288.986
202206 1,335.670 101.800 1,401.273
202209 1,393.987 103.100 1,444.014
202212 1,344.088 104.100 1,378.949
202303 1,378.537 104.400 1,410.228
202306 1,453.587 105.200 1,475.695
202309 1,520.464 106.200 1,529.054
202312 1,520.185 106.800 1,520.185

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

Nippon Ichi Software  (TSE:3851) 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.

Nippon Ichi Software's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=997.00/830.16
=1.20

* 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 Nippon Ichi Software was 5.09. The lowest was 1.20. And the median was 2.33.

Be Aware

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

Nippon Ichi Software Cyclically Adjusted Book per Share Related Terms

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

Nippon Ichi Software (TSE:3851) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Nippon Ichi Software Inc (TSE:3851) » Definitions » Cyclically Adjusted Book per Share
Comparable Companies
TSE:3912 TSE:6552 TSE:4728 TSE:4175 TSE:3698 TSE:3758 TSE:6033 TSE:9565 TSE:4777 TSE:4334 ATVI MEX:ATVI NTES TSE:7974 EA TTWO RBLX TSE:3659 TSE:9766 TSE:9697
Traded in Other Exchanges
N/A
Address
Kanamihara shi Suahara Tsukioka 3-Chome 17, Gifu prefecture, Gifu, JPN
Website
http://www.nippon1.co.jp
Nippon Ichi Software Inc is engaged in developing, manufacturing, and selling computer software in Japan and other Asian countries, North America, and Europe. It develops software for consumer game machines, mobile game machines, mobile phones, smartphones, arcades, Web and produces content of various genres.

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