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Allied Telesis Holdings KK (TSE:6835) Cyclically Adjusted Book per Share : 円66.48 (As of Mar. 2024)


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What is Allied Telesis Holdings KK 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.

Allied Telesis Holdings KK's adjusted book value per share for the three months ended in Mar. 2024 was 円148.306. 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66.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Allied Telesis Holdings KK's average Cyclically Adjusted Book Growth Rate was 13.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.00% 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 Allied Telesis Holdings KK was 4.80% per year. The lowest was -9.00% per year. And the median was -3.30% per year.

As of today (2024-06-04), Allied Telesis Holdings KK's current stock price is 円98.00. Allied Telesis Holdings KK's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円66.48. Allied Telesis Holdings KK's Cyclically Adjusted PB Ratio of today is 1.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Allied Telesis Holdings KK was 2.73. The lowest was 0.83. And the median was 1.70.


Allied Telesis Holdings KK Cyclically Adjusted Book per Share Historical Data

The historical data trend for Allied Telesis Holdings KK'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.

Allied Telesis Holdings KK Cyclically Adjusted Book per Share Chart

Allied Telesis Holdings KK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63.51 56.35 51.93 57.37 64.83

Allied Telesis Holdings KK Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 58.79 60.71 63.29 64.83 66.48

Competitive Comparison of Allied Telesis Holdings KK's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Allied Telesis Holdings KK'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.


Allied Telesis Holdings KK's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

* The bar in red indicates where Allied Telesis Holdings KK's Cyclically Adjusted PB Ratio falls into.



Allied Telesis Holdings KK 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, Allied Telesis Holdings KK's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=148.306/107.2000*107.2000
=148.306

Current CPI (Mar. 2024) = 107.2000.

Allied Telesis Holdings KK Quarterly Data

Book Value per Share CPI Adj_Book
201406 80.213 98.000 87.743
201409 75.391 98.500 82.050
201412 57.888 97.900 63.387
201503 42.591 97.900 46.637
201506 36.547 98.400 39.815
201509 37.071 98.500 40.345
201512 30.738 98.100 33.589
201603 26.490 97.900 29.006
201606 14.627 98.100 15.984
201609 16.309 98.000 17.840
201612 31.914 98.400 34.768
201703 28.485 98.100 31.127
201706 23.892 98.500 26.002
201709 34.417 98.800 37.343
201712 41.035 99.400 44.255
201803 36.161 99.200 39.077
201806 32.195 99.200 34.791
201809 37.192 99.900 39.910
201812 42.479 99.700 45.675
201903 36.273 99.700 39.002
201906 26.965 99.800 28.964
201909 29.781 100.100 31.893
201912 40.433 100.500 43.129
202003 34.160 100.300 36.510
202006 26.745 99.900 28.699
202009 32.636 99.900 35.021
202012 39.549 99.300 42.695
202103 52.726 99.900 56.579
202106 50.929 99.500 54.870
202109 49.614 100.100 53.133
202112 56.515 100.100 60.524
202203 123.304 101.100 130.744
202206 133.219 101.800 140.286
202209 145.918 103.100 151.721
202212 143.699 104.100 147.978
202303 153.468 104.400 157.584
202306 156.170 105.200 159.139
202309 161.705 106.200 163.228
202312 159.189 106.800 159.785
202403 148.306 107.200 148.306

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


Allied Telesis Holdings KK  (TSE:6835) 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.

Allied Telesis Holdings KK's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=98.00/66.48
=1.47

* 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 Allied Telesis Holdings KK was 2.73. The lowest was 0.83. And the median was 1.70.


Be Aware

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


Allied Telesis Holdings KK Cyclically Adjusted Book per Share Related Terms

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


Allied Telesis Holdings KK (TSE:6835) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2nd TOC Building, 7-21-11, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-0031
Allied Telesis Holdings KK is a Japan-based company engaged in the planning, development, manufacture, and sales of network devices and solutions. The company operates in three businesses namely network products, solutions, and support services. Its network products business manufactures software and hardware related products. The solutions business provides optimum ecosystem solutions. Its support services business is involved in planning and consulting, installation and structuring, operation and monitoring, and education and related support businesses.

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