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Mitsui (FRA:MTS1) Cyclically Adjusted Book per Share : €18.07 (As of Dec. 2023)


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What is Mitsui 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.

Mitsui's adjusted book value per share for the three months ended in Dec. 2023 was €30.150. 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 €18.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mitsui's average Cyclically Adjusted Book Growth Rate was 12.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.90% 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 Mitsui was 15.70% per year. The lowest was 2.30% per year. And the median was 7.45% per year.

As of today (2024-04-27), Mitsui's current stock price is €44.95. Mitsui's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €18.07. Mitsui's Cyclically Adjusted PB Ratio of today is 2.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mitsui was 2.63. The lowest was 0.71. And the median was 1.10.


Mitsui Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mitsui'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.

Mitsui Cyclically Adjusted Book per Share Chart

Mitsui Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.83 17.37 16.28 16.85 18.00

Mitsui 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 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 18.17 18.00 16.97 17.44 18.07

Competitive Comparison of Mitsui's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Mitsui'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.


Mitsui's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

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



Mitsui 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, Mitsui'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)
=30.15/106.8000*106.8000
=30.150

Current CPI (Dec. 2023) = 106.8000.

Mitsui Quarterly Data

Book Value per Share CPI Adj_Book
201403 15.037 95.700 16.781
201406 15.890 98.000 17.317
201409 16.800 98.500 18.216
201412 15.973 97.900 17.425
201503 17.553 97.900 19.149
201506 17.004 98.400 18.456
201509 16.162 98.500 17.524
201512 16.195 98.100 17.631
201603 14.993 97.900 16.356
201606 14.787 98.100 16.098
201609 15.592 98.000 16.992
201612 16.609 98.400 18.027
201703 17.233 98.100 18.761
201706 16.986 98.500 18.417
201709 16.749 98.800 18.105
201712 17.490 99.400 18.792
201803 17.491 99.200 18.831
201806 18.737 99.200 20.172
201809 19.434 99.900 20.776
201812 19.424 99.700 20.807
201903 19.531 99.700 20.922
201906 19.949 99.800 21.348
201909 20.455 100.100 21.824
201912 20.715 100.500 22.014
202003 18.793 100.300 20.011
202006 18.987 99.900 20.298
202009 18.794 99.900 20.092
202012 19.460 99.300 20.930
202103 21.119 99.900 22.578
202106 22.089 99.500 23.710
202109 22.447 100.100 23.949
202112 23.919 100.100 25.520
202203 26.745 101.100 28.253
202206 25.650 101.800 26.910
202209 27.083 103.100 28.055
202212 27.687 104.100 28.405
202303 29.118 104.400 29.787
202306 29.310 105.200 29.756
202309 29.610 106.200 29.777
202312 30.150 106.800 30.150

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


Mitsui  (FRA:MTS1) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=44.95/18.07
=2.49

* 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 Mitsui was 2.63. The lowest was 0.71. And the median was 1.10.


Be Aware

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


Mitsui Cyclically Adjusted Book per Share Related Terms

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


Mitsui (FRA:MTS1) Business Description

Industry
Traded in Other Exchanges
Address
1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8631
Mitsui & Co Ltd is a general trading company with a wide range of business activities in the areas of iron and steel, mineral and metal resources, machinery and infrastructure, chemicals, energy, lifestyle, innovation, and corporate development. The firm also participates in the development of natural resources, and it has minority interests in several upstream resource projects, which include iron ore and coal projects in Australia; copper mining projects in Chile; and oil and gas projects in Asia, the Middle East, and the United States.

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