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TV Tokyo Holdings (TSE:9413) Cyclically Adjusted Book per Share : 円3,191.52 (As of Sep. 2024)


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What is TV Tokyo Holdings 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.

TV Tokyo Holdings's adjusted book value per share for the three months ended in Sep. 2024 was 円3,658.132. 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3,191.52 for the trailing ten years ended in Sep. 2024.

During the past 12 months, TV Tokyo Holdings's average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.50% 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 TV Tokyo Holdings was 5.50% per year. The lowest was 5.50% per year. And the median was 5.50% per year.

As of today (2025-05-29), TV Tokyo Holdings's current stock price is 円3700.00. TV Tokyo Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was 円3,191.52. TV Tokyo Holdings's Cyclically Adjusted PB Ratio of today is 1.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TV Tokyo Holdings was 1.24. The lowest was 0.63. And the median was 0.91.


TV Tokyo Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for TV Tokyo Holdings'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.

TV Tokyo Holdings Cyclically Adjusted Book per Share Chart

TV Tokyo Holdings 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 - 2,656.68 2,768.88 2,942.50 3,115.21

TV Tokyo Holdings 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 2,987.78 3,039.18 3,076.93 3,115.21 3,191.52

Competitive Comparison of TV Tokyo Holdings's Cyclically Adjusted Book per Share

For the Broadcasting subindustry, TV Tokyo Holdings'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.


TV Tokyo Holdings's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TV Tokyo Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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TV Tokyo Holdings 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, TV Tokyo Holdings'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)
=3658.132/108.9000*108.9000
=3,658.132

Current CPI (Sep. 2024) = 108.9000.

TV Tokyo Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201409 2,359.795 98.500 2,608.951
201412 2,423.762 97.900 2,696.095
201503 2,450.652 97.900 2,726.006
201506 2,493.759 98.400 2,759.861
201509 2,508.363 98.500 2,773.205
201512 2,576.152 98.100 2,859.765
201603 2,555.925 97.900 2,843.108
201606 2,586.973 98.100 2,871.777
201609 2,592.701 98.000 2,881.073
201612 2,664.875 98.400 2,949.237
201703 2,689.759 98.100 2,985.879
201706 2,715.821 98.500 3,002.568
201709 2,761.122 98.800 3,043.382
201712 2,813.035 99.400 3,081.886
201803 2,878.138 99.200 3,159.569
201806 2,892.142 99.200 3,174.942
201809 2,911.415 99.900 3,173.705
201812 2,910.673 99.700 3,179.261
201903 2,936.771 99.700 3,207.767
201906 2,899.851 99.800 3,164.266
201909 2,903.777 100.100 3,159.054
201912 2,974.680 100.500 3,223.310
202003 2,911.451 100.300 3,161.087
202006 2,928.955 99.900 3,192.825
202009 2,969.411 99.900 3,236.926
202012 3,015.949 99.300 3,307.521
202103 3,065.781 99.900 3,341.977
202106 3,095.983 99.500 3,388.468
202109 3,160.838 100.100 3,438.714
202112 3,197.770 100.100 3,478.893
202203 3,229.486 101.100 3,478.645
202206 3,248.412 101.800 3,474.971
202209 3,281.944 103.100 3,466.573
202212 3,365.660 104.100 3,520.849
202303 3,414.080 104.400 3,561.239
202306 3,421.103 105.200 3,541.427
202309 3,461.868 106.200 3,549.882
202312 3,548.875 106.800 3,618.656
202403 3,661.407 107.200 3,719.470
202409 3,658.132 108.900 3,658.132

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


TV Tokyo Holdings  (TSE:9413) 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.

TV Tokyo Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3700.00/3191.52
=1.16

* 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 TV Tokyo Holdings was 1.24. The lowest was 0.63. And the median was 0.91.


Be Aware

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


TV Tokyo Holdings Cyclically Adjusted Book per Share Related Terms

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


TV Tokyo Holdings Business Description

Traded in Other Exchanges
N/A
Address
Roppongi Grand Tower 3-2-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8007
TV Tokyo Holdings Corporation operates in the broadcasting space in Japan. It is primarily involved in the terrestrial broadcasting business apart from its operation through other segments such as Broadcasting - Peripheral and Satellite Broadcasting. The Terrestrial Broadcasting segment is engaged in the sale of programs to other broadcasters, the provision of broadcast program and film rights, as well as the organization of events. The Broadcasting- peripheral segment is involved in the planning and production of programs, the mail-order business and the Broadcasting Satellite (BS) segment provides TV programs by BS digital broadcasting.

TV Tokyo Holdings Headlines

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