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Acom Co (TSE:8572) Cyclically Adjusted Book per Share : 円279.34 (As of Dec. 2023)


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What is Acom 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.

Acom Co's adjusted book value per share for the three months ended in Dec. 2023 was 円391.279. 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279.34 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Acom 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 Acom Co was 6.70% per year. The lowest was -4.70% per year. And the median was 1.60% per year.

As of today (2024-06-21), Acom Co's current stock price is 円401.40. Acom Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円279.34. Acom Co's Cyclically Adjusted PB Ratio of today is 1.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Acom Co was 2.52. The lowest was 1.19. And the median was 1.85.


Acom Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Acom 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.

Acom Co Cyclically Adjusted Book per Share Chart

Acom 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 214.69 218.25 236.83 260.95 -

Acom Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 260.95 267.10 273.80 279.34 -

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

For the Credit Services subindustry, Acom 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.


Acom Co's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Acom Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Acom 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, Acom 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)
=391.279/106.8000*106.8000
=391.279

Current CPI (Dec. 2023) = 106.8000.

Acom Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 187.917 95.700 209.713
201406 196.852 98.000 214.529
201409 205.237 98.500 222.531
201412 211.083 97.900 230.272
201503 199.530 97.900 217.669
201506 210.191 98.400 228.134
201509 220.655 98.500 239.248
201512 220.232 98.100 239.763
201603 206.418 97.900 225.183
201606 216.435 98.100 235.630
201609 226.554 98.000 246.898
201612 228.665 98.400 248.185
201703 159.583 98.100 173.736
201706 169.987 98.500 184.311
201709 181.725 98.800 196.440
201712 194.890 99.400 209.399
201803 206.123 99.200 221.915
201806 216.395 99.200 232.974
201809 229.033 99.900 244.852
201812 241.026 99.700 258.190
201903 227.353 99.700 243.544
201906 245.148 99.800 262.343
201909 257.079 100.100 274.286
201912 267.977 100.500 284.776
202003 265.108 100.300 282.288
202006 273.559 99.900 292.453
202009 289.459 99.900 309.452
202012 299.213 99.300 321.812
202103 310.022 99.900 331.435
202106 327.342 99.500 351.358
202109 338.434 100.100 361.086
202112 338.258 100.100 360.899
202203 339.510 101.100 358.652
202206 349.852 101.800 367.035
202209 362.912 103.100 375.936
202212 364.515 104.100 373.969
202303 370.919 104.400 379.446
202306 376.473 105.200 382.199
202309 387.710 106.200 389.900
202312 391.279 106.800 391.279

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


Acom Co  (TSE:8572) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=401.40/279.34
=1.44

* 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 Acom Co was 2.52. The lowest was 1.19. And the median was 1.85.


Be Aware

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


Acom Co Cyclically Adjusted Book per Share Related Terms

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


Acom Co (TSE:8572) Business Description

Industry
Traded in Other Exchanges
Address
1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building, Tokyo, JPN, 100-8307
Acom Co Ltd is a Japanese consumer finance company. Its four core business categories are loan and credit, guarantee services, loan servicing, and overseas financials. Its loan and credit business offers credit cards and unsecured loans. The guarantee segment provides credit guarantee services, including loan portfolios and marketing analyses. The firm also offers loan administrative services in its loan servicing segment. Acom's overseas businesses are mostly in the retail finance sector in Thailand and Indonesia. In addition to ATMs, Acom's distribution relies on multifaceted sales channels, including a call center, Internet services, and mobile phones. The company earns its revenue from its loan and credit card business in Japan.

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