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Natoco Co (TSE:4627) Cyclically Adjusted Book per Share : 円2,578.72 (As of Jan. 2024)


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What is Natoco 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.

Natoco Co's adjusted book value per share for the three months ended in Jan. 2024 was 円3,003.377. 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2,578.72 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Natoco Co's average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.50% 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 Natoco Co was 6.80% per year. The lowest was 4.00% per year. And the median was 5.60% per year.

As of today (2024-06-11), Natoco Co's current stock price is 円1455.00. Natoco Co's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was 円2,578.72. Natoco Co's Cyclically Adjusted PB Ratio of today is 0.56.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Natoco Co was 0.81. The lowest was 0.45. And the median was 0.61.


Natoco Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Natoco 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.

Natoco Co Cyclically Adjusted Book per Share Chart

Natoco Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,032.78 2,102.69 2,200.56 2,391.37 2,561.00

Natoco Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2,438.39 2,470.84 2,506.85 2,561.00 2,578.72

Competitive Comparison of Natoco Co's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Natoco 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.


Natoco Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



Natoco 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, Natoco Co's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=3003.377/106.9000*106.9000
=3,003.377

Current CPI (Jan. 2024) = 106.9000.

Natoco Co Quarterly Data

Book Value per Share CPI Adj_Book
201404 1,886.063 97.700 2,063.666
201407 1,912.620 98.100 2,084.190
201410 2,034.458 98.200 2,214.700
201501 2,052.436 97.800 2,243.409
201504 2,077.582 98.400 2,257.048
201507 2,098.560 98.300 2,282.157
201510 2,110.421 98.500 2,290.396
201601 2,095.974 97.700 2,293.343
201604 2,090.404 98.100 2,277.922
201607 2,086.561 97.900 2,278.380
201610 2,120.821 98.600 2,299.349
201701 2,156.610 98.200 2,347.674
201704 2,184.345 98.500 2,370.624
201707 2,215.473 98.300 2,409.299
201710 2,279.740 98.800 2,466.642
201801 2,300.663 99.500 2,471.768
201804 2,331.079 99.100 2,514.554
201807 2,321.810 99.200 2,502.031
201810 2,349.375 100.200 2,506.469
201901 2,369.517 99.700 2,540.636
201904 2,402.194 100.000 2,567.945
201907 2,395.098 99.800 2,565.491
201910 2,435.111 100.400 2,592.763
202001 2,437.515 100.500 2,592.740
202004 2,446.536 100.200 2,610.127
202007 2,456.504 100.000 2,626.003
202010 2,524.979 99.800 2,704.612
202101 2,568.118 99.800 2,750.820
202104 2,636.101 99.100 2,843.584
202107 2,652.794 99.700 2,844.370
202110 2,730.290 99.900 2,921.602
202201 2,740.265 100.300 2,920.582
202204 2,827.809 101.500 2,978.254
202207 2,874.221 102.300 3,003.463
202210 2,926.626 103.700 3,016.937
202301 2,877.869 104.700 2,938.340
202304 2,906.173 105.100 2,955.946
202307 2,955.722 105.700 2,989.278
202310 3,013.944 107.100 3,008.316
202401 3,003.377 106.900 3,003.377

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


Natoco Co  (TSE:4627) 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.

Natoco Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1455.00/2578.72
=0.56

* 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 Natoco Co was 0.81. The lowest was 0.45. And the median was 0.61.


Be Aware

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


Natoco Co Cyclically Adjusted Book per Share Related Terms

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


Natoco Co (TSE:4627) Business Description

Industry
Traded in Other Exchanges
N/A
Address
18 Shogayama Uchikoshi-cho, Miyoshi-shi Aichi, Miyoshi, JPN, 470-0213
Natoco Co Ltd is engaged in the business of manufacturing and sales of paints, ink, plastics, and fine chemical products and sales of related products. It also engaged in the collection, transportation, and disposal of industrial waste products. Its other products include such as toning system, general purpose thinner, environment compatible equipment.

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