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Imura (TSE:3955) Cyclically Adjusted Book per Share : 円1,439.50 (As of Jul. 2024)


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What is Imura 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.

Imura's adjusted book value per share for the three months ended in Jul. 2024 was 円1,662.252. 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1,439.50 for the trailing ten years ended in Jul. 2024.

During the past 12 months, Imura's average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.90% 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 Imura was 5.30% per year. The lowest was 2.30% per year. And the median was 4.00% per year.

As of today (2024-12-15), Imura's current stock price is 円1011.00. Imura's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2024 was 円1,439.50. Imura's Cyclically Adjusted PB Ratio of today is 0.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Imura was 0.92. The lowest was 0.43. And the median was 0.70.


Imura Cyclically Adjusted Book per Share Historical Data

The historical data trend for Imura'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.

Imura Cyclically Adjusted Book per Share Chart

Imura Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,182.50 1,197.32 1,238.80 1,331.05 1,396.22

Imura Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 1,361.49 1,388.67 1,396.22 1,416.86 1,439.50

Competitive Comparison of Imura's Cyclically Adjusted Book per Share

For the Paper & Paper Products subindustry, Imura'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.


Imura's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

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

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



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

Adj_Book= Book Value per Share /CPI of Jul. 2024 (Change)*Current CPI (Jul. 2024)
=1662.252/108.6000*108.6000
=1,662.252

Current CPI (Jul. 2024) = 108.6000.

Imura Quarterly Data

Book Value per Share CPI Adj_Book
201410 1,106.980 98.200 1,224.216
201501 1,128.519 97.800 1,253.141
201504 1,148.652 98.400 1,267.720
201507 1,172.532 98.300 1,295.391
201510 1,153.147 98.500 1,271.388
201601 1,162.412 97.700 1,292.098
201604 1,164.566 98.100 1,289.214
201607 1,184.701 97.900 1,314.183
201610 1,177.583 98.600 1,297.013
201701 1,146.304 98.200 1,267.705
201704 1,162.037 98.500 1,281.190
201707 1,179.831 98.300 1,303.455
201710 1,182.828 98.800 1,300.153
201801 1,250.704 99.500 1,365.090
201804 1,255.849 99.100 1,376.238
201807 1,263.422 99.200 1,383.141
201810 1,257.402 100.200 1,362.813
201901 1,290.132 99.700 1,405.299
201904 1,289.376 100.000 1,400.262
201907 1,313.605 99.800 1,429.434
201910 1,315.519 100.400 1,422.962
202001 1,341.814 100.500 1,449.960
202004 1,338.376 100.200 1,450.575
202007 1,371.647 100.000 1,489.609
202010 1,372.142 99.800 1,493.132
202101 1,388.354 99.800 1,510.774
202104 1,403.158 99.100 1,537.669
202107 1,444.733 99.700 1,573.701
202110 1,467.220 99.900 1,594.996
202201 1,474.772 100.300 1,596.812
202204 1,469.420 101.500 1,572.207
202207 1,515.221 102.300 1,608.534
202210 1,519.920 103.700 1,591.739
202301 1,531.417 104.700 1,588.461
202304 1,528.718 105.100 1,579.627
202307 1,570.138 105.700 1,613.217
202310 1,579.808 107.100 1,601.934
202401 1,615.495 106.900 1,641.186
202404 1,608.218 107.700 1,621.657
202407 1,662.252 108.600 1,662.252

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


Imura  (TSE:3955) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1011.00/1439.5
=0.70

* 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 Imura was 0.92. The lowest was 0.43. And the median was 0.70.


Be Aware

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


Imura Cyclically Adjusted Book per Share Related Terms

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


Imura Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-1-13 Uchi-Honcho, Tyuuou-Ku, Osaka, JPN
Imura & Co Ltd is a Japan-based company engages in the production of paper and paper products such as bags, envelopes, and stationery. It provides envelope manufacturing and non-woven material production of print, direct mail, and information processing services.

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