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Anritsu (TSE:6754) Cyclically Adjusted Book per Share : 円784.34 (As of Mar. 2025)


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What is Anritsu 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.

Anritsu's adjusted book value per share for the three months ended in Mar. 2025 was 円963.378. 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784.34 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Anritsu's average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.80% 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 Anritsu was 8.90% per year. The lowest was 6.70% per year. And the median was 8.50% per year.

As of today (2025-05-13), Anritsu's current stock price is 円1537.50. Anritsu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was 円784.34. Anritsu's Cyclically Adjusted PB Ratio of today is 1.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Anritsu was 5.02. The lowest was 1.40. And the median was 2.87.


Anritsu Cyclically Adjusted Book per Share Historical Data

The historical data trend for Anritsu'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.

Anritsu Cyclically Adjusted Book per Share Chart

Anritsu 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 559.35 614.17 667.05 722.77 784.34

Anritsu 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 722.77 739.21 752.23 773.69 784.34

Competitive Comparison of Anritsu's Cyclically Adjusted Book per Share

For the Scientific & Technical Instruments subindustry, Anritsu'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.


Anritsu's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Anritsu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Anritsu 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, Anritsu'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)
=963.378/111.1000*111.1000
=963.378

Current CPI (Mar. 2025) = 111.1000.

Anritsu Quarterly Data

Book Value per Share CPI Adj_Book
201506 578.435 98.400 653.091
201509 576.834 98.500 650.622
201512 577.467 98.100 653.992
201603 552.248 97.900 626.708
201606 519.883 98.100 588.777
201609 516.846 98.000 585.935
201612 538.954 98.400 608.514
201703 556.395 98.100 630.127
201706 550.707 98.500 621.153
201709 557.738 98.800 627.173
201712 563.316 99.400 629.622
201803 569.538 99.200 637.860
201806 578.647 99.200 648.061
201809 595.510 99.900 662.274
201812 601.345 99.700 670.105
201903 622.862 99.700 694.082
201906 615.034 99.800 684.672
201909 633.652 100.100 703.284
201912 655.760 100.500 724.925
202003 685.251 100.300 759.037
202006 692.450 99.900 770.082
202009 716.996 99.900 797.380
202012 726.082 99.300 812.364
202103 794.881 99.900 883.997
202106 787.210 99.500 878.985
202109 795.028 100.100 882.394
202112 796.649 100.100 884.193
202203 846.153 101.100 929.848
202206 866.580 101.800 945.747
202209 886.117 103.100 954.875
202212 857.770 104.100 915.449
202303 890.771 104.400 947.937
202306 896.826 105.200 947.123
202309 924.927 106.200 967.603
202312 904.172 106.800 940.576
202403 952.656 107.200 987.314
202406 958.993 108.200 984.696
202409 935.379 108.900 954.276
202412 961.778 110.700 965.253
202503 963.378 111.100 963.378

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


Anritsu  (TSE:6754) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1537.50/784.34
=1.96

* 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 Anritsu was 5.02. The lowest was 1.40. And the median was 2.87.


Be Aware

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


Anritsu Cyclically Adjusted Book per Share Related Terms

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


Anritsu Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anritsu Corp (TSE:6754) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555
Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.

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