GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Musashi Co Ltd (TSE:7521) » Definitions » Cyclically Adjusted Book per Share

Musashi Co (TSE:7521) Cyclically Adjusted Book per Share : 円3,968.07 (As of Dec. 2023)


View and export this data going back to 1996. Start your Free Trial

What is Musashi 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.

Musashi Co's adjusted book value per share for the three months ended in Dec. 2023 was 円4,289.037. 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3,968.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Musashi Co's average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.90% 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 Musashi Co was 3.50% per year. The lowest was 2.30% per year. And the median was 2.50% per year.

As of today (2024-06-09), Musashi Co's current stock price is 円1786.00. Musashi Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円3,968.07. Musashi Co's Cyclically Adjusted PB Ratio of today is 0.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Musashi Co was 0.75. The lowest was 0.38. And the median was 0.56.


Musashi Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Musashi 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.

Musashi Co Cyclically Adjusted Book per Share Chart

Musashi Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,358.24 3,446.20 3,494.11 3,612.29 3,816.57

Musashi Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3,785.99 3,816.57 3,866.47 3,924.84 3,968.07

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

For the Conglomerates subindustry, Musashi 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.


Musashi Co's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Musashi Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Musashi 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, Musashi Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4289.037/106.8000*106.8000
=4,289.037

Current CPI (Dec. 2023) = 106.8000.

Musashi Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 3,281.078 95.700 3,661.642
201406 3,296.125 98.000 3,592.104
201409 3,329.442 98.500 3,609.994
201412 3,356.176 97.900 3,661.283
201503 3,481.538 97.900 3,798.041
201506 3,507.869 98.400 3,807.321
201509 3,517.139 98.500 3,813.507
201512 3,533.529 98.100 3,846.900
201603 3,487.991 97.900 3,805.081
201606 3,512.576 98.100 3,824.089
201609 3,579.077 98.000 3,900.464
201612 3,597.616 98.400 3,904.730
201703 3,608.364 98.100 3,928.372
201706 3,602.721 98.500 3,906.301
201709 3,599.228 98.800 3,890.663
201712 3,673.790 99.400 3,947.291
201803 3,686.458 99.200 3,968.888
201806 3,658.379 99.200 3,938.658
201809 3,655.289 99.900 3,907.756
201812 3,614.045 99.700 3,871.414
201903 3,647.766 99.700 3,907.537
201906 3,667.515 99.800 3,924.756
201909 3,741.271 100.100 3,991.686
201912 3,732.135 100.500 3,966.090
202003 3,684.351 100.300 3,923.118
202006 3,663.087 99.900 3,916.093
202009 3,662.952 99.900 3,915.949
202012 3,695.748 99.300 3,974.883
202103 3,763.126 99.900 4,023.042
202106 3,749.066 99.500 4,024.123
202109 3,895.540 100.100 4,156.280
202112 3,963.777 100.100 4,229.085
202203 3,965.538 101.100 4,189.114
202206 4,011.323 101.800 4,208.343
202209 4,110.230 103.100 4,257.736
202212 4,150.732 104.100 4,258.388
202303 4,211.192 104.400 4,308.001
202306 4,279.907 105.200 4,345.001
202309 4,305.882 106.200 4,330.209
202312 4,289.037 106.800 4,289.037

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


Musashi Co  (TSE:7521) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1786.00/3968.07
=0.45

* 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 Musashi Co was 0.75. The lowest was 0.38. And the median was 0.56.


Be Aware

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


Musashi Co Cyclically Adjusted Book per Share Related Terms

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


Musashi Co (TSE:7521) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8-20-36 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Musashi Co Ltd is engaged in the sale of system equipment. It offers information/industrial systems equipment, printing systems equipment, cash handling systems equipment, and election systems equipment among others. It is also engaged in Planning, development, manufacturing, sales, and software sales of election system equipment and Sales of paper and paper processed goods.

Musashi Co (TSE:7521) Headlines

No Headlines