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Lasertec (TSE:6920) Cyclically Adjusted Book per Share : 円692.58 (As of Mar. 2025)


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What is Lasertec 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.

Lasertec's adjusted book value per share for the three months ended in Mar. 2025 was 円1,966.205. 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692.58 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Lasertec's average Cyclically Adjusted Book Growth Rate was 34.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 26.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 21.20% 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 Lasertec was 26.60% per year. The lowest was 12.30% per year. And the median was 18.65% per year.

As of today (2025-05-29), Lasertec's current stock price is 円15000.00. Lasertec's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was 円692.58. Lasertec's Cyclically Adjusted PB Ratio of today is 21.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lasertec was 123.61. The lowest was 6.61. And the median was 47.93.


Lasertec Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lasertec'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.

Lasertec Cyclically Adjusted Book per Share Chart

Lasertec Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 236.61 273.40 331.63 420.37 554.83

Lasertec 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 513.44 554.83 593.12 647.07 692.58

Competitive Comparison of Lasertec's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Lasertec'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.


Lasertec's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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


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Lasertec 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, Lasertec'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)
=1966.205/111.1000*111.1000
=1,966.205

Current CPI (Mar. 2025) = 111.1000.

Lasertec Quarterly Data

Book Value per Share CPI Adj_Book
201506 221.924 98.400 250.567
201509 205.300 98.500 231.562
201512 219.202 98.100 248.250
201603 225.991 97.900 256.462
201606 241.833 98.100 273.880
201609 229.494 98.000 260.171
201612 253.165 98.400 285.840
201703 262.187 98.100 296.931
201706 271.456 98.500 306.180
201709 260.121 98.800 292.504
201712 286.175 99.400 319.860
201803 289.461 99.200 324.185
201806 300.002 99.200 335.990
201809 298.694 99.900 332.181
201812 330.642 99.700 368.449
201903 327.682 99.700 365.150
201906 344.957 99.800 384.015
201909 340.189 100.100 377.572
201912 392.747 100.500 434.171
202003 383.422 100.300 424.708
202006 434.425 99.900 483.129
202009 442.963 99.900 492.625
202012 501.395 99.300 560.977
202103 537.391 99.900 597.639
202106 611.993 99.500 683.341
202109 569.035 100.100 631.566
202112 658.566 100.100 730.936
202203 671.112 101.100 737.493
202206 806.656 101.800 880.349
202209 816.325 103.100 879.667
202212 891.296 104.100 951.229
202303 919.440 104.400 978.446
202306 1,210.215 105.200 1,278.088
202309 1,168.079 106.200 1,221.973
202312 1,327.187 106.800 1,380.622
202403 1,474.847 107.200 1,528.503
202406 1,677.792 108.200 1,722.761
202409 1,596.128 108.900 1,628.373
202412 1,993.558 110.700 2,000.761
202503 1,966.205 111.100 1,966.205

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


Lasertec  (TSE:6920) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15000.00/692.58
=21.66

* 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 Lasertec was 123.61. The lowest was 6.61. And the median was 47.93.


Be Aware

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


Lasertec Cyclically Adjusted Book per Share Related Terms

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


Lasertec Business Description

Industry
Traded in Other Exchanges
Address
2-10-1 Shin-Yokohama, 10-1222-8552 Kohoku-ku, Yokohama-shi, Yokohama Prefecture, Yokohama, JPN
Lasertec Corp is a Japan based company engaged in developing, manufacturing, selling and servicing the semiconductor related equipment, energy and environment related equipment, FPD related equipment and laser microscopes.

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