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Belluna Co (TSE:9997) Cyclically Adjusted Book per Share : 円1,086.73 (As of Dec. 2023)


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What is Belluna 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.

Belluna Co's adjusted book value per share for the three months ended in Dec. 2023 was 円1,365.077. 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1,086.73 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Belluna 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 Belluna Co was 7.70% per year. The lowest was 5.90% per year. And the median was 6.70% per year.

As of today (2024-05-24), Belluna Co's current stock price is 円712.00. Belluna Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,086.73. Belluna Co's Cyclically Adjusted PB Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Belluna Co was 2.07. The lowest was 0.49. And the median was 0.89.


Belluna Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Belluna 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.

Belluna Co Cyclically Adjusted Book per Share Chart

Belluna Co 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 816.46 865.61 934.67 1,020.69 -

Belluna 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 1,020.69 1,042.64 1,067.10 1,086.73 -

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

For the Specialty Retail subindustry, Belluna 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.


Belluna Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Belluna Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Belluna 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, Belluna Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1365.077/106.8000*106.8000
=1,365.077

Current CPI (Dec. 2023) = 106.8000.

Belluna Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 755.650 95.700 843.296
201406 759.331 98.000 827.516
201409 772.906 98.500 838.034
201412 803.614 97.900 876.670
201503 814.955 97.900 889.042
201506 826.586 98.400 897.148
201509 821.167 98.500 890.362
201512 841.159 98.100 915.757
201603 824.558 97.900 899.518
201606 795.166 98.100 865.685
201609 794.272 98.000 865.594
201612 878.272 98.400 953.246
201703 872.851 98.100 950.260
201706 898.294 98.500 973.988
201709 913.114 98.800 987.050
201712 951.340 99.400 1,022.164
201803 949.695 99.200 1,022.454
201806 974.511 99.200 1,049.171
201809 989.084 99.900 1,057.399
201812 989.074 99.700 1,059.510
201903 1,028.555 99.700 1,101.802
201906 1,027.929 99.800 1,100.028
201909 1,031.694 100.100 1,100.748
201912 1,057.404 100.500 1,123.689
202003 1,054.124 100.300 1,122.437
202006 1,067.294 99.900 1,141.011
202009 1,084.965 99.900 1,159.903
202012 1,131.231 99.300 1,216.671
202103 1,164.952 99.900 1,245.414
202106 1,181.399 99.500 1,268.075
202109 1,197.939 100.100 1,278.121
202112 1,233.699 100.100 1,316.274
202203 1,223.224 101.100 1,292.189
202206 1,228.106 101.800 1,288.426
202209 1,260.013 103.100 1,305.232
202212 1,266.839 104.100 1,299.696
202303 1,297.914 104.400 1,327.751
202306 1,340.576 105.200 1,360.965
202309 1,364.064 106.200 1,371.771
202312 1,365.077 106.800 1,365.077

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


Belluna Co  (TSE:9997) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=712.00/1086.73
=0.66

* 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 Belluna Co was 2.07. The lowest was 0.49. And the median was 0.89.


Be Aware

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


Belluna Co Cyclically Adjusted Book per Share Related Terms

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


Belluna Co (TSE:9997) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4-2 Miyamoto-cho, Ageo City, Saitama, JPN, 362-8688
Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.

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