GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hitachi Construction Machinery Co Ltd (TSE:6305) » Definitions » Cyclically Adjusted Book per Share

Hitachi Construction Machinery Co (TSE:6305) Cyclically Adjusted Book per Share : 円2,734.51 (As of Mar. 2025)


View and export this data going back to 1981. Start your Free Trial

What is Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co's adjusted book value per share for the three months ended in Mar. 2025 was 円3,804.992. 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2,734.51 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Hitachi Construction Machinery Co's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.90% 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 Hitachi Construction Machinery Co was 9.20% per year. The lowest was 4.10% per year. And the median was 6.70% per year.

As of today (2025-05-29), Hitachi Construction Machinery Co's current stock price is 円4318.00. Hitachi Construction Machinery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was 円2,734.51. Hitachi Construction Machinery Co's Cyclically Adjusted PB Ratio of today is 1.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hitachi Construction Machinery Co was 2.76. The lowest was 1.01. And the median was 1.59.


Hitachi Construction Machinery Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hitachi Construction Machinery 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.

Hitachi Construction Machinery Co Cyclically Adjusted Book per Share Chart

Hitachi Construction Machinery Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,964.21 2,097.39 2,300.29 2,510.55 2,734.51

Hitachi Construction Machinery Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2,510.55 - 2,602.63 2,686.27 2,734.51

Competitive Comparison of Hitachi Construction Machinery Co's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, Hitachi Construction Machinery 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.


Hitachi Construction Machinery Co's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hitachi Construction Machinery Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Hitachi Construction Machinery 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, Hitachi Construction Machinery Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3804.992/111.1000*111.1000
=3,804.992

Current CPI (Mar. 2025) = 111.1000.

Hitachi Construction Machinery Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 2,029.072 98.400 2,290.954
201509 1,982.162 98.500 2,235.718
201512 1,909.708 98.100 2,162.778
201603 1,861.927 97.900 2,112.973
201606 1,742.762 98.100 1,973.709
201609 1,740.839 98.000 1,973.543
201612 1,847.406 98.400 2,085.842
201703 1,879.136 98.100 2,128.155
201706 1,929.653 98.500 2,176.492
201709 2,038.681 98.800 2,292.484
201712 2,106.917 99.400 2,354.914
201803 2,109.039 99.200 2,362.039
201806 2,117.918 99.200 2,371.983
201809 2,194.731 99.900 2,440.787
201812 2,200.896 99.700 2,452.553
201903 2,287.306 99.700 2,548.843
201906 2,234.511 99.800 2,487.517
201909 2,245.379 100.100 2,492.124
201912 2,304.103 100.500 2,547.123
202003 2,226.806 100.300 2,466.582
202006 2,239.672 99.900 2,490.766
202009 2,250.140 99.900 2,502.408
202012 2,280.739 99.300 2,551.763
202103 2,415.223 99.900 2,685.999
202106 2,453.657 99.500 2,739.711
202109 2,554.620 100.100 2,835.347
202112 2,619.453 100.100 2,907.305
202203 2,876.112 101.100 3,160.594
202206 3,014.404 101.800 3,289.787
202209 3,115.551 103.100 3,357.301
202212 2,977.522 104.100 3,177.740
202303 3,103.668 104.400 3,302.850
202306 3,309.331 105.200 3,494.930
202309 3,458.932 106.200 3,618.525
202312 3,398.546 106.800 3,535.379
202403 3,589.454 107.200 3,720.040
202406 0.000 108.200 0.000
202409 3,618.884 108.900 3,691.993
202412 3,807.568 110.700 3,821.326
202503 3,804.992 111.100 3,804.992

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


Hitachi Construction Machinery Co  (TSE:6305) 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.

Hitachi Construction Machinery Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4318.00/2734.51
=1.58

* 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 Hitachi Construction Machinery Co was 2.76. The lowest was 1.01. And the median was 1.59.


Be Aware

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


Hitachi Construction Machinery Co Cyclically Adjusted Book per Share Related Terms

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


Hitachi Construction Machinery Co Business Description

Traded in Other Exchanges
Address
16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015
Hitachi Construction Machinery, or HCM, manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining/construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.4% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo, Japan.

Hitachi Construction Machinery Co Headlines

No Headlines