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Shiseido Co (Shiseido Co) Cyclically Adjusted Book per Share : $8.77 (As of Dec. 2023)


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What is Shiseido 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.

Shiseido Co's adjusted book value per share for the three months ended in Dec. 2023 was $10.753. 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 $8.77 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Shiseido Co's average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.30% 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 Shiseido Co was 8.60% per year. The lowest was 3.00% per year. And the median was 4.10% per year.

As of today (2024-04-27), Shiseido Co's current stock price is $26.771. Shiseido Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.77. Shiseido Co's Cyclically Adjusted PB Ratio of today is 3.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shiseido Co was 10.28. The lowest was 2.75. And the median was 5.91.


Shiseido Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Shiseido 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.

Shiseido Co Cyclically Adjusted Book per Share Chart

Shiseido Co Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.68 9.42 8.95 8.61 8.77

Shiseido 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 8.61 8.78 8.33 8.16 8.77

Competitive Comparison of Shiseido Co's Cyclically Adjusted Book per Share

For the Household & Personal Products subindustry, Shiseido 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.


Shiseido Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shiseido Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Shiseido 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, Shiseido 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)
=10.753/106.8000*106.8000
=10.753

Current CPI (Dec. 2023) = 106.8000.

Shiseido Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.323 95.700 9.288
201406 7.759 98.000 8.456
201409 7.913 98.500 8.580
201412 7.582 97.900 8.271
201503 8.079 97.900 8.813
201506 7.814 98.400 8.481
201509 8.180 98.500 8.869
201512 0.000 98.100 0.000
201603 8.785 97.900 9.584
201606 8.644 98.100 9.411
201609 9.075 98.000 9.890
201612 8.502 98.400 9.228
201703 8.764 98.100 9.541
201706 9.200 98.500 9.975
201709 8.449 98.800 9.133
201712 9.403 99.400 10.103
201803 10.239 99.200 11.023
201806 10.342 99.200 11.134
201809 10.513 99.900 11.239
201812 10.032 99.700 10.746
201903 10.734 99.700 11.498
201906 11.287 99.800 12.079
201909 11.447 100.100 12.213
201912 11.421 100.500 12.137
202003 11.250 100.300 11.979
202006 10.748 99.900 11.490
202009 10.960 99.900 11.717
202012 11.345 99.300 12.202
202103 11.416 99.900 12.204
202106 10.947 99.500 11.750
202109 12.041 100.100 12.847
202112 11.890 100.100 12.686
202203 11.656 101.100 12.313
202206 11.293 101.800 11.848
202209 10.847 103.100 11.236
202212 11.210 104.100 11.501
202303 11.010 104.400 11.263
202306 10.997 105.200 11.164
202309 10.640 106.200 10.700
202312 10.753 106.800 10.753

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


Shiseido Co  (OTCPK:SSDOY) 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.

Shiseido Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=26.771/8.77
=3.05

* 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 Shiseido Co was 10.28. The lowest was 2.75. And the median was 5.91.


Be Aware

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


Shiseido Co Cyclically Adjusted Book per Share Related Terms

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


Shiseido Co (Shiseido Co) Business Description

Traded in Other Exchanges
Address
5-5 Ginza 7-chome, Chuo-ku, Tokyo, JPN, 104-0061
Shiseido is a leading Japanese cosmetics manufacturer. Founded in 1872, the first Western-style pharmacy in Ginza, Tokyo, it is one of the oldest cosmetics companies globally. Shiseido's suite of 31 brands, including its namesake brand and luxury Clé de Peau Beauté, has an 9.3% share of Japan's beauty and personal care market and 18.3% share of Japan's premium segment according to Euromonitor. It is also ranked No. 3 after Estée Lauder and L'Oréal, with 7.6% market share in the global premium skincare space, thanks to a strong presence in China. China, Japan, and western markets each account for about 25% of sales, followed by 15% of travel retail, and 6% in Asia. Its distribution channels include department stores, drugstores, specialty retailers, travel retailers, and e-commerce.

Shiseido Co (Shiseido Co) Headlines

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