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FUJIFILM Holdings (FRA:FJI) Cyclically Adjusted Book per Share

: €35.57 (As of Dec. 2023)
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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.

FUJIFILM Holdings's adjusted book value per share for the three months ended in Dec. 2023 was €47.152. 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 €35.57 for the trailing ten years ended in Dec. 2023.

During the past 12 months, FUJIFILM Holdings's average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.40% 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 FUJIFILM Holdings was 6.30% per year. The lowest was 0.40% per year. And the median was 3.60% per year.

As of today (2024-02-26), FUJIFILM Holdings's current stock price is €58.12. FUJIFILM Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €35.57. FUJIFILM Holdings's Cyclically Adjusted PB Ratio of today is 1.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of FUJIFILM Holdings was 2.13. The lowest was 0.50. And the median was 1.13.


FUJIFILM Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for FUJIFILM 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.

FUJIFILM Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.18 37.42 35.12 36.11 36.31

FUJIFILM Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 Premium Member Only Premium Member Only Premium Member Only 36.63 36.31 34.13 34.76 35.57

Competitive Comparison

For the Conglomerates subindustry, FUJIFILM 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.


FUJIFILM Holdings Cyclically Adjusted PB Ratio Distribution

For the Conglomerates industry and Industrials sector, FUJIFILM Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



FUJIFILM 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, FUJIFILM Holdings'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)
=47.152/106.8000*106.8000
=47.152

Current CPI (Dec. 2023) = 106.8000.

FUJIFILM Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 29.618 95.700 33.053
201406 30.371 98.000 33.098
201409 31.424 98.500 34.072
201412 31.503 97.900 34.367
201503 35.534 97.900 38.764
201506 33.677 98.400 36.552
201509 34.378 98.500 37.275
201512 35.721 98.100 38.889
201603 35.564 97.900 38.797
201606 36.849 98.100 40.117
201609 38.201 98.000 41.631
201612 38.596 98.400 41.891
201703 38.655 98.100 42.083
201706 38.590 98.500 41.842
201709 36.944 98.800 39.935
201712 37.427 99.400 40.213
201803 36.958 99.200 39.789
201806 38.286 99.200 41.219
201809 37.421 99.900 40.006
201812 38.575 99.700 41.322
201903 39.629 99.700 42.451
201906 40.460 99.800 43.298
201909 41.990 100.100 44.801
201912 41.427 100.500 44.024
202003 41.075 100.300 43.737
202006 41.050 99.900 43.885
202009 40.519 99.900 43.318
202012 41.224 99.300 44.338
202103 42.612 99.900 45.555
202106 42.779 99.500 45.918
202109 44.090 100.100 47.041
202112 46.215 100.100 49.308
202203 47.815 101.100 50.511
202206 46.806 101.800 49.105
202209 47.874 103.100 49.592
202212 47.011 104.100 48.230
202303 48.138 104.400 49.245
202306 47.291 105.200 48.010
202309 47.005 106.200 47.271
202312 47.152 106.800 47.152

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


FUJIFILM Holdings  (FRA:FJI) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=58.12/35.57
=1.63

* 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 FUJIFILM Holdings was 2.13. The lowest was 0.50. And the median was 1.13.


Be Aware

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


FUJIFILM Holdings Cyclically Adjusted Book per Share Related Terms

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


FUJIFILM Holdings (FRA:FJI) Business Description

Industry
Traded in Other Exchanges
Address
7-3, Akasaka 9-chome, Minato-ku, Tokyo, JPN, 107-0052
FUJIFILM Holdings Corp offers products and services used in photo development and film and photo taking processes. The company produces color films and single use cameras, color paper and chemicals, photofinishing equipment, film and photo processing services, electronic imaging such as digital cameras, optical devices such as camera modules for mobile phones, TV camera lenses and cine lenses, x-ray imaging systems and films, inkjet printers, flat panel materials, recording storage mediums such as data cartridges and videotape products, and office products such as office printers. The document solutions segment including office printers and the information solutions segment consisting of its x-ray imaging and data storage systems form most of the group's yearly revenue stream.

FUJIFILM Holdings (FRA:FJI) Headlines

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