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Argo Graphics (TSE:7595) Cyclically Adjusted Book per Share : 円1,561.00 (As of Sep. 2024)


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What is Argo Graphics 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.

Argo Graphics's adjusted book value per share for the three months ended in Sep. 2024 was 円2,516.924. 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1,561.00 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Argo Graphics's average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.30% 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 Argo Graphics was 11.90% per year. The lowest was 7.50% per year. And the median was 9.55% per year.

As of today (2025-05-13), Argo Graphics's current stock price is 円5570.00. Argo Graphics's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円1,561.00. Argo Graphics's Cyclically Adjusted PB Ratio of today is 3.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Argo Graphics was 4.13. The lowest was 2.01. And the median was 2.90.


Argo Graphics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Argo Graphics'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.

Argo Graphics Cyclically Adjusted Book per Share Chart

Argo Graphics 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 980.33 1,058.96 1,170.64 1,317.87 1,483.13

Argo Graphics Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1,442.45 1,483.13 - 1,561.00 -

Competitive Comparison of Argo Graphics's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Argo Graphics'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.


Argo Graphics's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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


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Argo Graphics 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, Argo Graphics'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)
=2516.924/108.9000*108.9000
=2,516.924

Current CPI (Sep. 2024) = 108.9000.

Argo Graphics Quarterly Data

Book Value per Share CPI Adj_Book
201412 875.562 97.900 973.940
201503 935.846 97.900 1,040.997
201506 944.619 98.400 1,045.417
201509 984.885 98.500 1,088.873
201512 991.675 98.100 1,100.850
201603 988.941 97.900 1,100.058
201606 963.587 98.100 1,069.670
201609 994.788 98.000 1,105.433
201612 1,006.816 98.400 1,114.251
201703 1,056.547 98.100 1,172.864
201706 1,087.568 98.500 1,202.398
201709 1,112.310 98.800 1,226.018
201712 1,143.766 99.400 1,253.080
201803 1,157.929 99.200 1,271.154
201806 1,192.893 99.200 1,309.537
201809 1,242.490 99.900 1,354.426
201812 1,205.269 99.700 1,316.487
201903 1,289.595 99.700 1,408.595
201906 1,331.732 99.800 1,453.162
201909 1,379.226 100.100 1,500.477
201912 1,431.559 100.500 1,551.212
202003 1,432.568 100.300 1,555.400
202006 1,463.206 99.900 1,595.026
202009 1,529.369 99.900 1,667.150
202012 1,535.459 99.300 1,683.902
202103 1,624.516 99.900 1,770.869
202106 1,662.444 99.500 1,819.499
202109 1,730.741 100.100 1,882.894
202112 1,727.737 100.100 1,879.626
202203 1,769.018 101.100 1,905.500
202206 1,833.887 101.800 1,961.791
202209 1,881.332 103.100 1,987.168
202212 1,870.020 104.100 1,956.246
202303 1,961.484 104.400 2,046.031
202306 2,045.841 105.200 2,117.795
202309 2,162.892 106.200 2,217.881
202312 2,222.260 106.800 2,265.956
202403 2,353.193 107.200 2,390.510
202406 0.000 108.200 0.000
202409 2,516.924 108.900 2,516.924

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


Argo Graphics  (TSE:7595) 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.

Argo Graphics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5570.00/1561.00
=3.57

* 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 Argo Graphics was 4.13. The lowest was 2.01. And the median was 2.90.


Be Aware

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


Argo Graphics Cyclically Adjusted Book per Share Related Terms

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


Argo Graphics Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Argo Graphics Inc (TSE:7595) » Definitions » Cyclically Adjusted Book per Share
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Address
5-14 Nihombashi-hakozaki-cho, Tokyo, JPN, 103-0015
Argo Graphics Inc provides technical solutions such as HPC solutions and IT solutions including PLM solutions.

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