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Japan Airport Terminal Co (TSE:9706) Cyclically Adjusted Book per Share : 円1,870.71 (As of Dec. 2024)


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What is Japan Airport Terminal 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.

Japan Airport Terminal Co's adjusted book value per share for the three months ended in Dec. 2024 was 円1,920.123. 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1,870.71 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Japan Airport Terminal 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 Japan Airport Terminal Co was 4.80% per year. The lowest was 3.90% per year. And the median was 4.40% per year.

As of today (2025-05-29), Japan Airport Terminal Co's current stock price is 円4468.00. Japan Airport Terminal Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was 円1,870.71. Japan Airport Terminal Co's Cyclically Adjusted PB Ratio of today is 2.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Japan Airport Terminal Co was 4.40. The lowest was 1.97. And the median was 3.25.


Japan Airport Terminal Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Japan Airport Terminal 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.

Japan Airport Terminal Co Cyclically Adjusted Book per Share Chart

Japan Airport Terminal 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 1,554.71 1,618.55 1,700.55 1,779.58 -

Japan Airport Terminal Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 1,779.58 - 1,829.55 1,870.71 -

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

For the Airports & Air Services subindustry, Japan Airport Terminal 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.


Japan Airport Terminal Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Japan Airport Terminal Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Japan Airport Terminal 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, Japan Airport Terminal Co's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1920.123/110.7000*110.7000
=1,920.123

Current CPI (Dec. 2024) = 110.7000.

Japan Airport Terminal Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 1,349.309 97.900 1,525.725
201506 1,375.925 98.400 1,547.916
201509 1,407.613 98.500 1,581.957
201512 1,438.710 98.100 1,623.498
201603 1,427.631 97.900 1,614.288
201606 1,436.063 98.100 1,620.511
201609 1,466.594 98.000 1,656.653
201612 1,497.803 98.400 1,685.028
201703 1,511.898 98.100 1,706.087
201706 1,534.514 98.500 1,724.576
201709 1,580.704 98.800 1,771.092
201712 1,611.949 99.400 1,795.199
201803 1,641.790 99.200 1,832.118
201806 1,937.719 99.200 2,162.354
201809 1,985.424 99.900 2,200.064
201812 1,989.868 99.700 2,209.412
201903 2,011.585 99.700 2,233.525
201906 2,023.526 99.800 2,244.532
201909 2,060.582 100.100 2,278.785
201912 2,072.560 100.500 2,282.909
202003 2,001.822 100.300 2,209.389
202006 1,867.841 99.900 2,069.770
202009 1,676.589 99.900 1,857.842
202012 1,601.110 99.300 1,784.923
202103 1,910.830 99.900 2,117.406
202106 1,838.850 99.500 2,045.836
202109 1,767.203 100.100 1,954.339
202112 1,714.732 100.100 1,896.312
202203 1,655.303 101.100 1,812.483
202206 1,616.511 101.800 1,757.837
202209 1,614.171 103.100 1,733.159
202212 1,625.026 104.100 1,728.054
202303 1,613.630 104.400 1,711.004
202306 1,642.233 105.200 1,728.091
202309 1,694.060 106.200 1,765.842
202312 1,730.319 106.800 1,793.505
202403 1,805.661 107.200 1,864.614
202406 0.000 108.200 0.000
202409 1,879.802 108.900 1,910.873
202412 1,920.123 110.700 1,920.123

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


Japan Airport Terminal Co  (TSE:9706) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4468.00/1870.71
=2.39

* 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 Japan Airport Terminal Co was 4.40. The lowest was 1.97. And the median was 3.25.


Be Aware

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


Japan Airport Terminal Co Cyclically Adjusted Book per Share Related Terms

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


Japan Airport Terminal Co Business Description

Traded in Other Exchanges
Address
3-2, Haneda Airport 3-Chome, Ohta-ku, Tokyo, JPN, 144-0041
Japan Airport Terminal Co Ltd is a Japanese airport operations company. It is principally involved in the management and operation of Haneda airport terminal building. The company's business consists of three segments, Facilities Management, Merchandise Sales, and Food and Beverage. The segment of facilities management operations leases, maintains and repairs, and operates passenger terminal facilities at Haneda Airport. The segment of merchandise sales operations is engaged in retail sales of products to passengers and others and wholesales of products to companies operating airport terminals and others. The segment of food and beverage operations provides food and beverage services to parties including users of Haneda Airport and Narita International Airport.

Japan Airport Terminal Co Headlines

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