GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Canon Inc (WBO:CNN1) » Definitions » Cyclically Adjusted Book per Share

Canon (WBO:CNN1) Cyclically Adjusted Book per Share : €18.91 (As of Mar. 2025)


View and export this data going back to 2018. Start your Free Trial

What is Canon 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.

Canon's adjusted book value per share for the three months ended in Mar. 2025 was €21.592. 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 €18.91 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Canon's average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.60% 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 Canon was 10.20% per year. The lowest was 0.90% per year. And the median was 6.10% per year.

As of today (2025-06-27), Canon's current stock price is €24.70. Canon's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €18.91. Canon's Cyclically Adjusted PB Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Canon was 1.83. The lowest was 0.66. And the median was 1.29.


Canon Cyclically Adjusted Book per Share Historical Data

The historical data trend for Canon'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.

Canon Cyclically Adjusted Book per Share Chart

Canon Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.10 19.60 19.42 18.97 18.49

Canon 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 17.60 17.21 18.63 18.49 18.91

Competitive Comparison of Canon's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Canon'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.


Canon's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Canon's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Canon 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, Canon's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=21.592/111.1000*111.1000
=21.592

Current CPI (Mar. 2025) = 111.1000.

Canon Quarterly Data

Book Value per Share CPI Adj_Book
201506 19.818 98.400 22.376
201509 19.716 98.500 22.238
201512 20.500 98.100 23.217
201603 20.554 97.900 23.325
201606 20.913 98.100 23.684
201609 21.018 98.000 23.828
201612 20.828 98.400 23.516
201703 20.604 98.100 23.334
201706 20.623 98.500 23.261
201709 19.588 98.800 22.027
201712 19.891 99.400 22.232
201803 19.427 99.200 21.757
201806 20.367 99.200 22.810
201809 20.129 99.900 22.386
201812 20.516 99.700 22.862
201903 20.373 99.700 22.703
201906 20.830 99.800 23.189
201909 20.761 100.100 23.042
201912 20.824 100.500 23.020
202003 20.263 100.300 22.445
202006 19.931 99.900 22.166
202009 19.223 99.900 21.378
202012 19.500 99.300 21.817
202103 19.732 99.900 21.944
202106 19.789 99.500 22.096
202109 20.217 100.100 22.439
202112 21.364 100.100 23.712
202203 21.762 101.100 23.915
202206 21.479 101.800 23.441
202209 21.367 103.100 23.025
202212 21.450 104.100 22.892
202303 21.624 104.400 23.012
202306 21.575 105.200 22.785
202309 21.116 106.200 22.090
202312 21.619 106.800 22.489
202403 21.299 107.200 22.074
202406 21.627 108.200 22.207
202409 21.739 108.900 22.178
202412 22.233 110.700 22.313
202503 21.592 111.100 21.592

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


Canon  (WBO:CNN1) 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.

Canon's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.70/18.91
=1.31

* 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 Canon was 1.83. The lowest was 0.66. And the median was 1.29.


Be Aware

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


Canon Cyclically Adjusted Book per Share Related Terms

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


Canon Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Canon Inc (WBO:CNN1) » Definitions » Cyclically Adjusted Book per Share
Address
30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, JPN, 146-8501
Canon Inc designs, manufactures and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.

Canon Headlines

No Headlines