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TSUSF (Tsuruha Holdings) Cyclically Adjusted Book per Share : $32.50 (As of Nov. 2024)


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What is Tsuruha 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.

Tsuruha Holdings's adjusted book value per share for the three months ended in Nov. 2024 was $37.816. 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 $32.50 for the trailing ten years ended in Nov. 2024.

During the past 12 months, Tsuruha Holdings's average Cyclically Adjusted Book Growth Rate was 9.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.70% 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 Tsuruha Holdings was 12.00% per year. The lowest was 11.00% per year. And the median was 11.80% per year.

As of today (2025-05-19), Tsuruha Holdings's current stock price is $55.00. Tsuruha Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2024 was $32.50. Tsuruha Holdings's Cyclically Adjusted PB Ratio of today is 1.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tsuruha Holdings was 7.14. The lowest was 1.64. And the median was 3.71.


Tsuruha Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tsuruha 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.

Tsuruha Holdings Cyclically Adjusted Book per Share Chart

Tsuruha Holdings Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.05 29.70 27.44 33.74 38.19

Tsuruha Holdings Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 30.56 38.19 31.92 32.50 -

Competitive Comparison of Tsuruha Holdings's Cyclically Adjusted Book per Share

For the Pharmaceutical Retailers subindustry, Tsuruha 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.


Tsuruha Holdings's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Tsuruha Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Tsuruha 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, Tsuruha Holdings's adjusted Book Value per Share data for the three months ended in Nov. 2024 was:

Adj_Book= Book Value per Share /CPI of Nov. 2024 (Change)*Current CPI (Nov. 2024)
=37.816/110.0000*110.0000
=37.816

Current CPI (Nov. 2024) = 110.0000.

Tsuruha Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201502 22.175 97.600 24.992
201505 23.021 98.700 25.657
201508 23.767 98.400 26.569
201511 24.908 98.100 27.929
201602 26.866 97.800 30.217
201605 29.297 98.200 32.817
201608 31.917 97.900 35.862
201611 31.085 98.600 34.679
201702 30.536 98.100 34.240
201705 30.938 98.600 34.515
201708 32.626 98.500 36.435
201711 32.907 99.100 36.526
201802 34.973 99.500 38.664
201805 36.306 99.300 40.218
201808 36.532 99.800 40.266
201811 36.751 100.000 40.426
201902 37.557 99.700 41.437
201905 38.781 100.000 42.659
201908 41.534 100.000 45.687
201911 42.560 100.500 46.583
202002 42.370 100.300 46.468
202005 45.290 100.100 49.769
202008 47.668 100.100 52.382
202011 49.420 99.500 54.635
202102 49.187 99.800 54.214
202105 48.078 99.400 53.205
202108 48.435 99.700 53.439
202111 47.771 100.100 52.496
202202 46.804 100.700 51.127
202205 41.609 101.800 44.961
202208 40.605 102.700 43.491
202211 39.679 103.900 42.009
202302 42.535 104.000 44.989
202305 41.787 105.100 43.735
202308 39.025 105.900 40.536
202311 38.936 106.900 40.065
202402 38.948 106.900 40.077
202405 37.459 108.100 38.117
202408 39.959 109.100 40.289
202411 37.816 110.000 37.816

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


Tsuruha Holdings  (OTCPK:TSUSF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=55.00/32.50
=1.69

* 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 Tsuruha Holdings was 7.14. The lowest was 1.64. And the median was 3.71.


Be Aware

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


Tsuruha Holdings Cyclically Adjusted Book per Share Related Terms

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


Tsuruha Holdings Business Description

Traded in Other Exchanges
Address
20, Higashi 24-chome, Higashi Sapporo 1-21, Kitaku, JPN, 065-0024
Tsuruha Holdings Inc manages pharmaceutical companies in Japan, where the drugstore business is the core of their operations. The company generates revenue through selling prescription and over-the-counter drugs, medical supplies, nursing care products, discount cosmetics, health products, and a miscellaneous assortment of general merchandise. Tsuruha also provides blood testing services, disease prevention solutions, and at-home drug delivery services.

Tsuruha Holdings Headlines

From GuruFocus

Mawer Funds Comments on Tsuruha

By Holly LaFon Holly LaFon 07-11-2017