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Toho Holdings Co (TSE:8129) Cyclically Adjusted Book per Share : 円3,495.73 (As of Dec. 2024)


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What is Toho Holdings 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.

Toho Holdings Co's adjusted book value per share for the three months ended in Dec. 2024 was 円4,063.567. 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3,495.73 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Toho Holdings Co's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Toho Holdings Co was 8.50% per year. The lowest was 7.90% per year. And the median was 8.20% per year.

As of today (2025-05-30), Toho Holdings Co's current stock price is 円4500.00. Toho Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was 円3,495.73. Toho Holdings Co's Cyclically Adjusted PB Ratio of today is 1.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Toho Holdings Co was 1.51. The lowest was 0.63. And the median was 1.03.


Toho Holdings Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Toho Holdings 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.

Toho Holdings Co Cyclically Adjusted Book per Share Chart

Toho Holdings Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,549.58 2,760.23 3,014.34 3,255.81 -

Toho Holdings Co 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 3,255.81 3,330.91 3,396.16 3,495.73 -

Competitive Comparison of Toho Holdings Co's Cyclically Adjusted Book per Share

For the Medical Distribution subindustry, Toho Holdings 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.


Toho Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Toho Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Toho Holdings 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, Toho Holdings Co's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=4063.567/110.7000*110.7000
=4,063.567

Current CPI (Dec. 2024) = 110.7000.

Toho Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 2,247.023 97.900 2,540.812
201506 2,218.894 98.400 2,496.256
201509 2,235.043 98.500 2,511.871
201512 2,383.657 98.100 2,689.815
201603 2,545.523 97.900 2,878.339
201606 2,591.797 98.100 2,924.688
201609 2,619.445 98.000 2,958.904
201612 2,695.510 98.400 3,032.449
201703 2,738.393 98.100 3,090.113
201706 2,769.748 98.500 3,112.803
201709 2,817.574 98.800 3,156.938
201712 2,948.786 99.400 3,284.010
201803 3,033.006 99.200 3,384.615
201806 3,106.772 99.200 3,466.932
201809 3,236.201 99.900 3,586.061
201812 3,109.665 99.700 3,452.757
201903 3,137.872 99.700 3,484.077
201906 3,085.268 99.800 3,422.236
201909 3,259.413 100.100 3,604.566
201912 3,461.042 100.500 3,812.312
202003 3,276.184 100.300 3,615.888
202006 3,364.085 99.900 3,727.770
202009 3,391.428 99.900 3,758.069
202012 3,399.058 99.300 3,789.282
202103 3,366.879 99.900 3,730.866
202106 3,364.780 99.500 3,743.529
202109 3,411.780 100.100 3,773.067
202112 3,378.012 100.100 3,735.724
202203 3,417.573 101.100 3,742.090
202206 3,452.361 101.800 3,754.188
202209 3,480.997 103.100 3,737.598
202212 3,587.611 104.100 3,815.068
202303 3,625.956 104.400 3,844.764
202306 3,729.688 105.200 3,924.681
202309 3,791.357 106.200 3,952.008
202312 3,831.152 106.800 3,971.054
202403 3,971.488 107.200 4,101.154
202406 3,986.811 108.200 4,078.928
202409 4,013.008 108.900 4,079.339
202412 4,063.567 110.700 4,063.567

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


Toho Holdings Co  (TSE:8129) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4500.00/3495.73
=1.29

* 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 Toho Holdings Co was 1.51. The lowest was 0.63. And the median was 1.03.


Be Aware

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


Toho Holdings Co Cyclically Adjusted Book per Share Related Terms

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


Toho Holdings Co Business Description

Traded in Other Exchanges
Address
5-2-1, Daizawa, Setagaya-ku, Tokyo, JPN, 155-8655
Toho Holdings Co Ltd is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. Toho also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. Toho generates additional revenue through software sales to medical institutions.

Toho Holdings Co Headlines

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