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Star Flyer (TSE:9206) Cyclically Adjusted Book per Share : 円1,637.91 (As of Sep. 2024)


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What is Star Flyer 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.

Star Flyer's adjusted book value per share for the three months ended in Sep. 2024 was 円817.500. 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1,637.91 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Star Flyer's average Cyclically Adjusted Book Growth Rate was 2.10% 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.

As of today (2025-05-29), Star Flyer's current stock price is 円2260.00. Star Flyer's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円1,637.91. Star Flyer's Cyclically Adjusted PB Ratio of today is 1.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Star Flyer was 1.99. The lowest was 1.29. And the median was 1.58.


Star Flyer Cyclically Adjusted Book per Share Historical Data

The historical data trend for Star Flyer'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.

Star Flyer Cyclically Adjusted Book per Share Chart

Star Flyer 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 - - 1,710.41 1,626.28 1,605.00

Star Flyer Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 1,604.96 1,596.68 1,594.85 1,605.00 1,637.91

Competitive Comparison of Star Flyer's Cyclically Adjusted Book per Share

For the Airlines subindustry, Star Flyer'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.


Star Flyer's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Star Flyer's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Star Flyer 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, Star Flyer'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)
=817.5/108.9000*108.9000
=817.500

Current CPI (Sep. 2024) = 108.9000.

Star Flyer Quarterly Data

Book Value per Share CPI Adj_Book
201409 602.426 98.500 666.032
201412 653.415 97.900 726.832
201503 736.503 97.900 819.256
201506 827.893 98.400 916.235
201509 1,002.834 98.500 1,108.717
201512 1,181.539 98.100 1,311.617
201603 1,479.452 97.900 1,645.683
201606 1,609.171 98.100 1,786.327
201609 1,903.972 98.000 2,115.740
201612 2,223.174 98.400 2,460.403
201703 2,193.301 98.100 2,434.765
201706 2,232.834 98.500 2,468.585
201709 2,627.234 98.800 2,895.808
201712 2,935.667 99.400 3,216.239
201803 2,832.810 99.200 3,109.809
201806 2,913.787 99.200 3,198.704
201809 3,179.407 99.900 3,465.840
201812 2,852.007 99.700 3,115.181
201903 2,979.407 99.700 3,254.337
201906 2,871.204 99.800 3,133.007
201909 3,101.571 100.100 3,374.237
201912 3,124.258 100.500 3,385.390
202003 2,357.417 100.300 2,559.548
202006 1,139.267 99.900 1,241.904
202009 271.902 99.900 296.398
202012 33.159 99.300 36.365
202103 2,191.972 99.900 2,389.447
202106 1,472.949 99.500 1,612.102
202109 1,058.988 100.100 1,152.086
202112 890.052 100.100 968.298
202203 451.130 101.100 485.935
202206 362.043 101.800 387.294
202209 136.545 103.100 144.226
202212 186.431 104.100 195.027
202303 501.425 104.400 523.038
202306 127.993 105.200 132.495
202309 407.925 106.200 418.296
202312 603.763 106.800 615.635
202403 917.332 107.200 931.879
202409 817.500 108.900 817.500

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


Star Flyer  (TSE:9206) 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.

Star Flyer's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2260.00/1637.91
=1.38

* 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 Star Flyer was 1.99. The lowest was 1.29. And the median was 1.58.


Be Aware

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


Star Flyer Cyclically Adjusted Book per Share Related Terms

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


Star Flyer Business Description

Industry
Traded in Other Exchanges
N/A
Address
6th Kitakyushu Airport, Kokura Minami-ku, Star Flyer Head Office Building, Fukuoka Prefecture, Kitakyushu-shi, JPN, 800-0306
Star Flyer Inc. operates as an airline carrier in the aviation industry. The company provides air transportation services for passengers, baggage, and cargo. Star Flyer also offers shuttle services between key Japanese cities.

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