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Nippon Paper Industries Co (TSE:3863) Cyclically Adjusted Book per Share : 円3,875.95 (As of Dec. 2023)


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What is Nippon Paper Industries Co 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 Paper Industries Co's adjusted book value per share for the three months ended in Dec. 2023 was 円3,587.987. 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3,875.95 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Nippon Paper Industries Co's average Cyclically Adjusted Book Growth Rate was -100.00% 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.

As of today (2024-05-22), Nippon Paper Industries Co's current stock price is 円1017.00. Nippon Paper Industries Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円3,875.95. Nippon Paper Industries Co's Cyclically Adjusted PB Ratio of today is 0.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nippon Paper Industries Co was 0.40. The lowest was 0.23. And the median was 0.31.


Nippon Paper Industries Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nippon Paper Industries Co'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 Paper Industries Co Cyclically Adjusted Book per Share Chart

Nippon Paper Industries Co 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 - 3,585.58 3,614.82 3,819.10 -

Nippon Paper Industries Co 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 3,819.10 3,837.21 3,864.69 3,875.95 -

Competitive Comparison of Nippon Paper Industries Co's Cyclically Adjusted Book per Share

For the Paper & Paper Products subindustry, Nippon Paper Industries Co'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 Paper Industries Co's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nippon Paper Industries Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Paper Industries Co's Cyclically Adjusted PB Ratio falls into.



Nippon Paper Industries Co 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 Paper Industries Co'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)
=3587.987/106.8000*106.8000
=3,587.987

Current CPI (Dec. 2023) = 106.8000.

Nippon Paper Industries Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 3,652.728 95.700 4,076.399
201406 3,669.123 98.000 3,998.595
201409 3,834.725 98.500 4,157.854
201412 4,021.309 97.900 4,386.883
201503 4,198.084 97.900 4,579.728
201506 4,070.552 98.400 4,418.038
201509 4,044.981 98.500 4,385.827
201512 3,955.459 98.100 4,306.249
201603 3,645.843 97.900 3,977.283
201606 3,522.324 98.100 3,834.701
201609 3,429.398 98.000 3,737.344
201612 3,435.385 98.400 3,728.650
201703 3,714.620 98.100 4,044.051
201706 3,748.343 98.500 4,064.193
201709 3,777.591 98.800 4,083.469
201712 3,829.234 99.400 4,114.308
201803 3,776.229 99.200 4,065.537
201806 3,670.336 99.200 3,951.531
201809 3,710.974 99.900 3,967.288
201812 3,344.828 99.700 3,583.025
201903 3,328.275 99.700 3,565.294
201906 3,337.772 99.800 3,571.884
201909 3,357.163 100.100 3,581.868
201912 3,381.722 100.500 3,593.711
202003 3,248.537 100.300 3,459.060
202006 3,078.289 99.900 3,290.904
202009 3,181.641 99.900 3,401.394
202012 3,279.106 99.300 3,526.773
202103 3,570.123 99.900 3,816.708
202106 3,650.162 99.500 3,917.963
202109 3,691.364 100.100 3,938.438
202112 3,628.700 100.100 3,871.580
202203 3,695.276 101.100 3,903.615
202206 3,882.130 101.800 4,072.804
202209 3,881.022 103.100 4,020.302
202212 3,761.637 104.100 3,859.201
202303 3,415.747 104.400 3,494.270
202306 3,449.779 105.200 3,502.247
202309 3,580.817 106.200 3,601.048
202312 3,587.987 106.800 3,587.987

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


Nippon Paper Industries Co  (TSE:3863) 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 Paper Industries Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1017.00/3875.95
=0.26

* 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 Paper Industries Co was 0.40. The lowest was 0.23. And the median was 0.31.


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 Paper Industries Co Cyclically Adjusted Book per Share Related Terms

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


Nippon Paper Industries Co (TSE:3863) Business Description

Traded in Other Exchanges
Address
4-6, Kanda-Surugadai, Chiyoda-ku, Tokyo, JPN, 101-0062
Nippon Paper Industries Co Ltd produces and sells a variety of paper products. The company's paper products include newsprint, printing, sanitary, and packaging paper, as well as container board and boxes. The firm also sells construction materials, and generates electric power. Nippon Paper organizes itself into four segments based on product type: pulp and paper; paper related; wood products and construction related; and other. The pulp and paper segment generates the majority of revenue. The majority of sales are made in Japan.

Nippon Paper Industries Co (TSE:3863) Headlines

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