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Tayca (TSE:4027) Cyclically Adjusted Book per Share : 円2,079.10 (As of Sep. 2024)


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What is Tayca Cyclically Adjusted Book per Share?


Tayca Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tayca'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.

Tayca Cyclically Adjusted Book per Share Chart

Tayca 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 1,454.07 1,558.58 1,691.24 1,856.61 2,017.34

Tayca Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 1,898.05 1,943.73 1,981.53 2,017.34 2,079.10

Competitive Comparison of Tayca's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Tayca'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.


Tayca's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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


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

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2565.967/108.9000*108.9000
=2,565.967

Current CPI (Sep. 2024) = 108.9000.

Tayca Quarterly Data

Book Value per Share CPI Adj_Book
201409 1,256.519 98.500 1,389.187
201412 1,262.927 97.900 1,404.829
201503 1,383.071 97.900 1,538.472
201506 1,401.596 98.400 1,551.157
201509 1,391.892 98.500 1,538.853
201512 1,429.910 98.100 1,587.331
201603 1,446.016 97.900 1,608.490
201606 1,488.737 98.100 1,652.635
201609 1,539.927 98.000 1,711.205
201612 1,578.542 98.400 1,746.984
201703 1,659.097 98.100 1,841.750
201706 1,713.617 98.500 1,894.547
201709 1,796.036 98.800 1,979.639
201712 1,858.024 99.400 2,035.602
201803 1,819.106 99.200 1,996.982
201806 1,835.481 99.200 2,014.958
201809 1,873.123 99.900 2,041.873
201812 1,879.035 99.700 2,052.426
201903 1,916.117 99.700 2,092.930
201906 1,956.570 99.800 2,134.975
201909 2,007.827 100.100 2,184.339
201912 2,053.806 100.500 2,225.467
202003 2,010.614 100.300 2,183.010
202006 2,048.326 99.900 2,232.860
202009 2,081.032 99.900 2,268.512
202012 2,125.388 99.300 2,330.864
202103 2,152.485 99.900 2,346.403
202106 2,172.204 99.500 2,377.417
202109 2,206.722 100.100 2,400.720
202112 2,193.010 100.100 2,385.802
202203 2,195.987 101.100 2,365.410
202206 2,212.470 101.800 2,366.778
202209 2,293.635 103.100 2,422.666
202212 2,276.073 104.100 2,381.022
202303 2,296.268 104.400 2,395.245
202306 2,365.394 105.200 2,448.588
202309 2,410.140 106.200 2,471.415
202312 2,420.812 106.800 2,468.412
202403 2,488.942 107.200 2,528.412
202409 2,565.967 108.900 2,565.967

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


Tayca  (TSE:4027) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1398.00/2079.10
=0.67

* 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 Tayca was 2.53. The lowest was 0.56. And the median was 0.82.


Be Aware

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


Tayca Cyclically Adjusted Book per Share Related Terms

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


Tayca Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tayca Corp (TSE:4027) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
3-6-13 Kitahama, Chuo-Ku, Osaka, JPN, 541-0059
Tayca Corp is engaged in manufacture and sale of chemical products and electro ceramics. It operates in below segments: Titanium Dioxide and Others Business.

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