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Airport Facilities Co (TSE:8864) Cyclically Adjusted Book per Share : 円1,166.77 (As of Mar. 2025)


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What is Airport Facilities 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.

Airport Facilities Co's adjusted book value per share for the three months ended in Mar. 2025 was 円1,191.337. 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1,166.77 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Airport Facilities Co's average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.60% 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 Airport Facilities Co was 4.40% per year. The lowest was 2.10% per year. And the median was 2.90% per year.

As of today (2025-06-28), Airport Facilities Co's current stock price is 円797.00. Airport Facilities Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was 円1,166.77. Airport Facilities Co's Cyclically Adjusted PB Ratio of today is 0.68.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Airport Facilities Co was 0.72. The lowest was 0.37. And the median was 0.54.


Airport Facilities Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Airport Facilities 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.

Airport Facilities Co Cyclically Adjusted Book per Share Chart

Airport Facilities 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 999.12 1,025.37 1,074.45 1,117.86 1,166.77

Airport Facilities Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 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 1,100.24 1,109.95 1,117.86 1,140.07 1,166.77

Competitive Comparison of Airport Facilities Co's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Airport Facilities 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.


Airport Facilities Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Airport Facilities Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Airport Facilities 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, Airport Facilities Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1191.337/111.1000*111.1000
=1,191.337

Current CPI (Mar. 2025) = 111.1000.

Airport Facilities Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 940.042 97.900 1,066.789
201503 951.143 97.900 1,079.387
201506 985.426 98.400 1,112.610
201509 958.454 98.500 1,081.058
201512 964.690 98.100 1,092.529
201603 966.244 97.900 1,096.524
201606 964.001 98.100 1,091.748
201609 969.568 98.000 1,099.174
201612 982.681 98.400 1,109.511
201703 996.580 98.100 1,128.645
201706 1,007.568 98.500 1,136.455
201709 1,022.439 98.800 1,149.726
201712 1,034.518 99.400 1,156.287
201803 1,052.283 99.200 1,178.515
201806 1,054.001 99.200 1,180.439
201809 1,069.810 99.900 1,189.749
201812 1,067.771 99.700 1,189.863
201903 1,075.185 99.700 1,198.125
201906 1,078.622 99.800 1,200.751
201909 1,092.476 100.100 1,212.528
201912 1,104.554 100.500 1,221.054
202003 1,082.388 100.300 1,198.936
202006 1,086.761 99.900 1,208.600
202009 1,091.983 99.900 1,214.408
202012 1,101.495 99.300 1,232.388
202103 1,051.233 99.900 1,169.089
202106 1,060.370 99.500 1,183.991
202109 1,079.336 100.100 1,197.944
202112 1,077.397 100.100 1,195.792
202203 1,056.802 101.100 1,161.332
202206 1,072.514 101.800 1,170.494
202209 1,100.666 103.100 1,186.072
202212 1,122.402 104.100 1,197.876
202303 1,096.162 104.400 1,166.510
202306 1,133.663 105.200 1,197.243
202309 1,152.958 106.200 1,206.155
202312 1,156.686 106.800 1,203.257
202403 1,158.298 107.200 1,200.438
202409 1,193.327 108.900 1,217.435
202503 1,191.337 111.100 1,191.337

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


Airport Facilities Co  (TSE:8864) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=797.00/1166.77
=0.68

* 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 Airport Facilities Co was 0.72. The lowest was 0.37. And the median was 0.54.


Be Aware

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


Airport Facilities Co Cyclically Adjusted Book per Share Related Terms

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


Airport Facilities Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
1-6-5 fifth building Sogo Ota-ku, Tokyo, JPN, 144-0041
Airport Facilities Co Ltd is engaged in real estate leasing, heat supply business, and water supply and drain management businesses.

Airport Facilities Co Headlines

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