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Rakuten Group (TSE:4755) Cyclically Adjusted Book per Share : 円561.89 (As of Mar. 2025)


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What is Rakuten Group 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.

Rakuten Group's adjusted book value per share for the three months ended in Mar. 2025 was 円379.460. 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 円561.89 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Rakuten Group's average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -15.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -11.20% 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 Rakuten Group was 5.20% per year. The lowest was -16.20% per year. And the median was -15.00% per year.

As of today (2025-07-01), Rakuten Group's current stock price is 円785.00. Rakuten Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was 円561.89. Rakuten Group's Cyclically Adjusted PB Ratio of today is 1.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Rakuten Group was 1.90. The lowest was 0.65. And the median was 1.26.


Rakuten Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Rakuten Group'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.

Rakuten Group Cyclically Adjusted Book per Share Chart

Rakuten Group 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 864.51 923.08 496.57 530.72 559.70

Rakuten Group 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 536.11 544.54 548.87 559.70 561.89

Competitive Comparison of Rakuten Group's Cyclically Adjusted Book per Share

For the Internet Retail subindustry, Rakuten Group'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.


Rakuten Group's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Rakuten Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Rakuten Group 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, Rakuten Group'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)
=379.46/111.1000*111.1000
=379.460

Current CPI (Mar. 2025) = 111.1000.

Rakuten Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 460.792 98.400 520.264
201509 460.164 98.500 519.028
201512 464.799 98.100 526.393
201603 446.989 97.900 507.257
201606 428.312 98.100 485.071
201609 435.489 98.000 493.702
201612 478.396 98.400 540.140
201703 460.608 98.100 521.647
201706 470.292 98.500 530.451
201709 480.324 98.800 540.121
201712 507.315 99.400 567.029
201803 464.181 99.200 519.864
201806 517.846 99.200 579.967
201809 572.561 99.900 636.752
201812 572.827 99.700 638.326
201903 646.793 99.700 720.749
201906 640.241 99.800 712.733
201909 558.382 100.100 619.743
201912 542.429 100.500 599.640
202003 502.895 100.300 557.045
202006 517.734 99.900 575.778
202009 485.538 99.900 539.973
202012 446.780 99.300 499.872
202103 572.687 99.900 636.892
202106 759.900 99.500 848.491
202109 742.090 100.100 823.638
202112 691.468 100.100 767.453
202203 650.810 101.100 715.183
202206 642.439 101.800 701.129
202209 619.369 103.100 667.429
202212 497.560 104.100 531.017
202303 453.210 104.400 482.295
202306 476.115 105.200 502.817
202309 455.919 106.200 476.955
202312 390.531 106.800 406.255
202403 397.606 107.200 412.071
202406 400.199 108.200 410.925
202409 323.480 108.900 330.015
202412 430.669 110.700 432.225
202503 379.460 111.100 379.460

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


Rakuten Group  (TSE:4755) 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.

Rakuten Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=785.00/561.89
=1.40

* 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 Rakuten Group was 1.90. The lowest was 0.65. And the median was 1.26.


Be Aware

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


Rakuten Group Cyclically Adjusted Book per Share Related Terms

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


Rakuten Group Business Description

Traded in Other Exchanges
Address
4-12-3 Higashishinagawa, Shinagawa Seaside Rakuten Tower, Shinagawa-ku, Tokyo, JPN, 140-0002
Rakuten is a leading e-commerce and fintech service provider in Japan. It has built up a comprehensive Rakuten ecosystem in Japan, including Rakuten Ichiba for e-commerce, Rakuten Travel, Rakuten Card, Rakuten Bank, Rakuten Securities, and became the fourth mobile network operator in Japan in April 2020. The loyalty program, Rakuten Super Points, has encouraged cross-use of services in its ecosystem. About 80% of its revenue is generated from the Japanese market.

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