GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Apaman Co Ltd (TSE:8889) » Definitions » Cyclically Adjusted Book per Share

Apaman Co (TSE:8889) Cyclically Adjusted Book per Share : 円307.71 (As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is Apaman 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.

Apaman Co's adjusted book value per share for the three months ended in Mar. 2024 was 円212.353. 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307.71 for the trailing ten years ended in Mar. 2024.

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.

As of today (2025-06-17), Apaman Co's current stock price is 円726.00. Apaman Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円307.71. Apaman Co's Cyclically Adjusted PB Ratio of today is 2.36.


Apaman Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Apaman 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.

Apaman Co Cyclically Adjusted Book per Share Chart

Apaman Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 450.36 424.63 383.41 369.23 334.33

Apaman 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 353.55 344.22 334.33 320.62 307.71

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

For the Real Estate Services subindustry, Apaman 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.


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

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

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


;
;

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

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=212.353/107.2000*107.2000
=212.353

Current CPI (Mar. 2024) = 107.2000.

Apaman Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 686.962 98.000 751.452
201409 709.223 98.500 771.865
201412 689.610 97.900 755.119
201503 631.498 97.900 691.487
201506 642.581 98.400 700.048
201509 143.878 98.500 156.586
201512 160.578 98.100 175.474
201603 184.371 97.900 201.885
201606 205.366 98.100 224.416
201609 260.819 98.000 285.304
201612 254.045 98.400 276.764
201703 286.838 98.100 313.446
201706 292.287 98.500 318.103
201709 332.416 98.800 360.678
201712 324.551 99.400 350.019
201803 294.944 99.200 318.730
201806 281.685 99.200 304.402
201809 249.565 99.900 267.801
201812 167.594 99.700 180.201
201903 192.202 99.700 206.661
201906 241.418 99.800 259.319
201909 258.849 100.100 277.209
201912 216.485 100.500 230.917
202003 187.605 100.300 200.511
202006 183.448 99.900 196.853
202009 236.501 99.900 253.783
202012 210.653 99.300 227.412
202103 215.935 99.900 231.714
202106 218.351 99.500 235.249
202109 247.233 100.100 264.769
202112 232.904 100.100 249.424
202203 235.274 101.100 249.470
202206 232.366 101.800 244.692
202209 230.588 103.100 239.758
202212 208.436 104.100 214.643
202303 218.033 104.400 223.881
202306 227.445 105.200 231.769
202309 242.704 106.200 244.989
202312 208.398 106.800 209.179
202403 212.353 107.200 212.353

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


Apaman Co  (TSE:8889) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=726.00/307.71
=2.36

* 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.


Be Aware

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


Apaman Co Cyclically Adjusted Book per Share Related Terms

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


Apaman Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Apaman Co Ltd (TSE:8889) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
Central Building 1-1-5 Kyobashi, Chuo-ku, Tokyo, JPN, 104-0031
Apaman Co Ltd, is a Japan-based holding company that manages the business and optimal distribution of resources for overall group companies. Under its real estate leasing business, the company manages stores and franchise. The property management business offers rental management and sub-leasing services. It is also engaged in the principal investment and fund management business. It operates as a property broker in Japan.

Apaman Co Headlines

No Headlines