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Abalance (TSE:3856) Cyclically Adjusted Book per Share : 円255.87 (As of Mar. 2024)


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What is Abalance 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.

Abalance's adjusted book value per share for the three months ended in Mar. 2024 was 円1,073.216. 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255.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Abalance's average Cyclically Adjusted Book Growth Rate was 56.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 46.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 36.50% 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 Abalance was 46.20% per year. The lowest was 30.10% per year. And the median was 38.20% per year.

As of today (2024-06-15), Abalance's current stock price is 円1330.00. Abalance's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円255.87. Abalance's Cyclically Adjusted PB Ratio of today is 5.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Abalance was 71.80. The lowest was 2.76. And the median was 9.44.


Abalance Cyclically Adjusted Book per Share Historical Data

The historical data trend for Abalance'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.

Abalance Cyclically Adjusted Book per Share Chart

Abalance 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 47.29 58.89 89.01 124.79 183.98

Abalance 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 163.64 183.98 206.10 228.80 255.87

Competitive Comparison of Abalance's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Abalance'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.


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

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

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



Abalance 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, Abalance'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)
=1073.216/107.2000*107.2000
=1,073.216

Current CPI (Mar. 2024) = 107.2000.

Abalance Quarterly Data

Book Value per Share CPI Adj_Book
201406 57.277 98.000 62.654
201409 56.541 98.500 61.535
201412 58.918 97.900 64.515
201503 64.558 97.900 70.691
201506 68.762 98.400 74.911
201509 71.267 98.500 77.562
201512 75.528 98.100 82.534
201603 80.532 97.900 88.182
201606 80.649 98.100 88.130
201609 77.130 98.000 84.371
201612 86.540 98.400 94.279
201703 85.271 98.100 93.181
201706 69.231 98.500 75.346
201709 61.319 98.800 66.532
201712 103.091 99.400 111.181
201803 122.853 99.200 132.761
201806 113.652 99.200 122.817
201809 121.024 99.900 129.868
201812 126.557 99.700 136.077
201903 129.745 99.700 139.505
201906 127.475 99.800 136.927
201909 131.312 100.100 140.626
201912 127.579 100.500 136.084
202003 126.984 100.300 135.720
202006 135.177 99.900 145.055
202009 144.245 99.900 154.785
202012 238.938 99.300 257.947
202103 256.953 99.900 275.729
202106 252.329 99.500 271.856
202109 303.296 100.100 324.809
202112 341.819 100.100 366.064
202203 341.037 101.100 361.614
202206 364.989 101.800 384.350
202209 402.113 103.100 418.104
202212 492.999 104.100 507.680
202303 672.404 104.400 690.438
202306 773.368 105.200 788.071
202309 870.907 106.200 879.108
202312 926.533 106.800 930.003
202403 1,073.216 107.200 1,073.216

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


Abalance  (TSE:3856) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1330.00/255.87
=5.20

* 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 Abalance was 71.80. The lowest was 2.76. And the median was 9.44.


Be Aware

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


Abalance Cyclically Adjusted Book per Share Related Terms

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


Abalance (TSE:3856) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Abalance Corp (TSE:3856) » Definitions » Cyclically Adjusted Book per Share
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Higashi Shinagawa 2 - 4 Shinagawa - ku, Tenkouzu First, Tower 5th Floor, Tokyo, JPN, 140-0002
Abalance Corp is a Japan-based software company. It operates in three business divisions including Information technology (IT) division that provides outsourcing services and consulting, Solar power generation division is engaged in planning, manufacturing, import, export, and sale of products related to solar power generation system, smart grid system, and Construction machine sales business is engaged in the leasing and rental business of construction equipment in the Japan and overseas markets.

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