GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Leader Electronics Corp (TSE:6867) » Definitions » Cyclically Adjusted Book per Share

Leader Electronics (TSE:6867) Cyclically Adjusted Book per Share : 円968.59 (As of Sep. 2024)


View and export this data going back to 1991. Start your Free Trial

What is Leader Electronics 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.

Leader Electronics's adjusted book value per share for the three months ended in Sep. 2024 was 円928.019. 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968.59 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Leader Electronics's average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.40% 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 Leader Electronics was 2.10% per year. The lowest was -4.60% per year. And the median was -1.80% per year.

As of today (2025-01-18), Leader Electronics's current stock price is 円463.00. Leader Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円968.59. Leader Electronics's Cyclically Adjusted PB Ratio of today is 0.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Leader Electronics was 1.64. The lowest was 0.45. And the median was 0.68.


Leader Electronics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Leader Electronics'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.

Leader Electronics Cyclically Adjusted Book per Share Chart

Leader Electronics 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 933.36 892.03 885.59 911.18 949.53

Leader Electronics 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 919.93 932.89 940.85 949.53 968.59

Competitive Comparison of Leader Electronics's Cyclically Adjusted Book per Share

For the Scientific & Technical Instruments subindustry, Leader Electronics'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.


Leader Electronics's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Leader Electronics 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, Leader Electronics'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)
=928.019/108.9000*108.9000
=928.019

Current CPI (Sep. 2024) = 108.9000.

Leader Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201409 672.556 98.500 743.567
201412 671.198 97.900 746.614
201503 824.419 97.900 917.050
201506 793.873 98.400 878.585
201509 799.613 98.500 884.039
201512 791.644 98.100 878.797
201603 806.140 97.900 896.718
201606 790.254 98.100 877.254
201609 774.118 98.000 860.219
201612 790.389 98.400 874.729
201703 825.336 98.100 916.199
201706 777.257 98.500 859.323
201709 773.243 98.800 852.289
201712 824.043 99.400 902.800
201803 855.756 99.200 939.434
201806 817.772 99.200 897.736
201809 854.215 99.900 931.171
201812 898.003 99.700 980.868
201903 931.601 99.700 1,017.566
201906 926.012 99.800 1,010.448
201909 932.761 100.100 1,014.762
201912 957.363 100.500 1,037.381
202003 1,022.817 100.300 1,110.516
202006 970.847 99.900 1,058.311
202009 999.346 99.900 1,089.377
202012 973.466 99.300 1,067.578
202103 1,029.149 99.900 1,121.865
202106 1,015.452 99.500 1,111.384
202109 1,040.981 100.100 1,132.496
202112 1,034.223 100.100 1,125.144
202203 1,052.330 101.100 1,133.519
202206 1,025.222 101.800 1,096.726
202209 986.689 103.100 1,042.196
202212 976.140 104.100 1,021.149
202303 909.153 104.400 948.341
202306 909.940 105.200 941.944
202309 927.076 106.200 950.646
202312 916.839 106.800 934.867
202403 996.080 107.200 1,011.876
202409 928.019 108.900 928.019

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


Leader Electronics  (TSE:6867) 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.

Leader Electronics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=463.00/968.59
=0.48

* 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 Leader Electronics was 1.64. The lowest was 0.45. And the median was 0.68.


Be Aware

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


Leader Electronics Cyclically Adjusted Book per Share Related Terms

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


Leader Electronics Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-6-33 Tsunashima-Higashi, Kohoku-ku, Yokohama, JPN, 223-8505
Leader Electronics Corp is engaged in research, development, manufacturing and sales of electronic measuring instruments. The products of the company include waveform monitor, rasterizer, and signal level meter.

Leader Electronics Headlines

No Headlines