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TBK Co (TSE:7277) Cyclically Adjusted Book per Share : 円1,074.70 (As of Sep. 2024)


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What is TBK 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.

TBK Co's adjusted book value per share for the three months ended in Sep. 2024 was 円990.313. 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1,074.70 for the trailing ten years ended in Sep. 2024.

During the past 12 months, TBK Co's average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.20% 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 TBK Co was 3.50% per year. The lowest was 3.00% per year. And the median was 3.30% per year.

As of today (2025-05-31), TBK Co's current stock price is 円286.00. TBK Co's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円1,074.70. TBK Co's Cyclically Adjusted PB Ratio of today is 0.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TBK Co was 0.65. The lowest was 0.22. And the median was 0.42.


TBK Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for TBK 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.

TBK Co Cyclically Adjusted Book per Share Chart

TBK Co 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 942.50 959.56 991.80 1,035.11 1,059.29

TBK Co 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 1,043.02 1,051.26 1,056.31 1,059.29 1,074.70

Competitive Comparison of TBK Co's Cyclically Adjusted Book per Share

For the Auto Parts subindustry, TBK 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.


TBK Co's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TBK Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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TBK 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, TBK Co'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)
=990.313/108.9000*108.9000
=990.313

Current CPI (Sep. 2024) = 108.9000.

TBK Co Quarterly Data

Book Value per Share CPI Adj_Book
201409 980.841 98.500 1,084.402
201412 1,009.409 97.900 1,122.826
201503 1,050.563 97.900 1,168.604
201506 1,050.051 98.400 1,162.099
201509 1,021.787 98.500 1,129.671
201512 1,028.981 98.100 1,142.263
201603 995.329 97.900 1,107.164
201606 972.246 98.100 1,079.282
201609 978.758 98.000 1,087.620
201612 1,027.686 98.400 1,137.348
201703 1,000.239 98.100 1,110.357
201706 998.466 98.500 1,103.888
201709 1,030.074 98.800 1,135.375
201712 1,065.910 99.400 1,167.783
201803 1,036.455 99.200 1,137.802
201806 1,019.779 99.200 1,119.495
201809 1,048.970 99.900 1,143.472
201812 1,032.669 99.700 1,127.960
201903 1,041.293 99.700 1,137.380
201906 1,027.586 99.800 1,121.284
201909 1,023.494 100.100 1,113.471
201912 1,021.823 100.500 1,107.229
202003 884.329 100.300 960.154
202006 882.884 99.900 962.423
202009 880.663 99.900 960.002
202012 910.700 99.300 998.744
202103 913.732 99.900 996.050
202106 947.083 99.500 1,036.556
202109 947.188 100.100 1,030.457
202112 948.317 100.100 1,031.686
202203 986.396 101.100 1,062.498
202206 1,002.326 101.800 1,072.233
202209 1,005.146 103.100 1,061.692
202212 998.731 104.100 1,044.782
202303 947.526 104.400 988.368
202306 970.629 105.200 1,004.767
202309 986.090 106.200 1,011.160
202312 989.006 106.800 1,008.453
202403 1,004.848 107.200 1,020.783
202409 990.313 108.900 990.313

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


TBK Co  (TSE:7277) 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.

TBK Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=286.00/1074.70
=0.27

* 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 TBK Co was 0.65. The lowest was 0.22. And the median was 0.42.


Be Aware

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


TBK Co Cyclically Adjusted Book per Share Related Terms

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


TBK Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
4-21-1 Minami-Naruse, Machida-shi, Tokyo, JPN, 194-0045
TBK Co Ltd is a Japan-based company engages in the development, production, and sales of components for heavy-duty, medium-duty, and light-duty vehicles. Its products portfolio includes brakes including drum brakes consisting of air and hydraulic brakes, as well as auxiliary products for drum brakes, water pumps for engine cooling and oil pumps for engine lubrication.

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