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Mitsui Fudosan Co (Mitsui Fudosan Co) Cyclically Adjusted Book per Share : $5.76 (As of Dec. 2023)


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What is Mitsui Fudosan 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.

Mitsui Fudosan Co's adjusted book value per share for the three months ended in Dec. 2023 was $7.601. 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 $5.76 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mitsui Fudosan Co's average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% 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 Fudosan Co was 10.40% per year. The lowest was 7.30% per year. And the median was 8.65% per year.

As of today (2024-04-28), Mitsui Fudosan Co's current stock price is $10.01. Mitsui Fudosan Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $5.76. Mitsui Fudosan Co's Cyclically Adjusted PB Ratio of today is 1.74.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mitsui Fudosan Co was 3.22. The lowest was 0.90. And the median was 1.56.


Mitsui Fudosan Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mitsui Fudosan 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.

Mitsui Fudosan Co Cyclically Adjusted Book per Share Chart

Mitsui Fudosan Co 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 4.76 4.19 5.93 5.95 5.87

Mitsui Fudosan Co 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 5.62 5.87 5.52 5.47 5.76

Competitive Comparison of Mitsui Fudosan Co's Cyclically Adjusted Book per Share

For the Real Estate - Diversified subindustry, Mitsui Fudosan 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.


Mitsui Fudosan Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitsui Fudosan Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mitsui Fudosan 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, Mitsui Fudosan 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)
=7.601/106.8000*106.8000
=7.601

Current CPI (Dec. 2023) = 106.8000.

Mitsui Fudosan Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.730 95.700 5.279
201406 5.333 98.000 5.812
201409 5.256 98.500 5.699
201412 4.922 97.900 5.369
201503 5.247 97.900 5.724
201506 5.116 98.400 5.553
201509 5.246 98.500 5.688
201512 5.253 98.100 5.719
201603 5.745 97.900 6.267
201606 6.063 98.100 6.601
201609 6.302 98.000 6.868
201612 5.641 98.400 6.123
201703 5.932 98.100 6.458
201706 6.155 98.500 6.674
201709 6.276 98.800 6.784
201712 6.347 99.400 6.820
201803 7.017 99.200 7.555
201806 6.864 99.200 7.390
201809 6.807 99.900 7.277
201812 6.797 99.700 7.281
201903 7.156 99.700 7.666
201906 7.444 99.800 7.966
201909 7.738 100.100 8.256
201912 7.623 100.500 8.101
202003 7.684 100.300 8.182
202006 7.762 99.900 8.298
202009 7.816 99.900 8.356
202012 8.330 99.300 8.959
202103 8.151 99.900 8.714
202106 8.072 99.500 8.664
202109 8.303 100.100 8.859
202112 8.156 100.100 8.702
202203 8.275 101.100 8.742
202206 7.237 101.800 7.592
202209 6.969 103.100 7.219
202212 7.492 104.100 7.686
202303 7.753 104.400 7.931
202306 7.676 105.200 7.793
202309 7.339 106.200 7.380
202312 7.601 106.800 7.601

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


Mitsui Fudosan Co  (OTCPK:MTSFF) 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 Fudosan Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.01/5.76
=1.74

* 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 Fudosan Co was 3.22. The lowest was 0.90. And the median was 1.56.


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 Fudosan Co Cyclically Adjusted Book per Share Related Terms

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


Mitsui Fudosan Co (Mitsui Fudosan Co) Business Description

Industry
Traded in Other Exchanges
Address
1-1, Nihonbashi-Muromachi 2-chome, Chuo-ku, Tokyo, JPN, 103-0022
Mitsui Fudosan is one of the three big Japanese real estate companies, together with Mitsubishi Estate and Sumitomo Realty. Although its traditional office district is Nihonbashi, it has developed large office projects across Tokyo, as well as London and New York City. Mitsui Fudosan derives a higher portion of its revenue and profits from retail leasing than Mitsubishi Estate and Sumitomo Realty with an extensive portfolio of urban retail buildings, shopping malls, and outlet parks. It is in the process of expanding the latter two formats across Asia. Like Sumitomo Realty, it is active in condo development and residential real estate brokerage, and its Mitsui Home unit is a second-tier builder of detached houses.

Mitsui Fudosan Co (Mitsui Fudosan Co) Headlines

From GuruFocus

Baron Funds Comments on Mitsui Fudosan

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