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Fujitec Co (TSE:6406) Cyclically Adjusted Book per Share : 円1,381.95 (As of Dec. 2023)


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What is Fujitec 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.

Fujitec Co's adjusted book value per share for the three months ended in Dec. 2023 was 円1,894.152. 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 円1,381.95 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Fujitec Co's average Cyclically Adjusted Book Growth Rate was 9.30% 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 7.60% 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 Fujitec Co was 8.60% per year. The lowest was 6.50% per year. And the median was 7.30% per year.

As of today (2024-04-29), Fujitec Co's current stock price is 円3800.00. Fujitec Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,381.95. Fujitec Co's Cyclically Adjusted PB Ratio of today is 2.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fujitec Co was 2.91. The lowest was 1.20. And the median was 2.20.


Fujitec Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fujitec 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.

Fujitec Co Cyclically Adjusted Book per Share Chart

Fujitec 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 942.23 1,004.80 1,069.38 1,162.39 1,287.40

Fujitec 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 1,264.04 1,287.40 1,316.69 1,350.88 1,381.95

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

For the Specialty Industrial Machinery subindustry, Fujitec 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.


Fujitec Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fujitec Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fujitec 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, Fujitec 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)
=1894.152/106.8000*106.8000
=1,894.152

Current CPI (Dec. 2023) = 106.8000.

Fujitec Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 912.771 95.700 1,018.641
201406 923.430 98.000 1,006.350
201409 940.573 98.500 1,019.829
201412 1,025.404 97.900 1,118.623
201503 1,075.435 97.900 1,173.202
201506 1,001.770 98.400 1,087.287
201509 1,035.631 98.500 1,122.897
201512 1,024.977 98.100 1,115.877
201603 1,103.403 97.900 1,203.712
201606 1,045.212 98.100 1,137.907
201609 1,036.847 98.000 1,129.952
201612 1,124.258 98.400 1,220.231
201703 1,149.106 98.100 1,251.014
201706 1,138.945 98.500 1,234.917
201709 1,181.709 98.800 1,277.394
201712 1,223.853 99.400 1,314.965
201803 1,244.191 99.200 1,339.512
201806 1,262.264 99.200 1,358.970
201809 1,305.022 99.900 1,395.159
201812 1,314.099 99.700 1,407.681
201903 1,271.761 99.700 1,362.328
201906 1,271.390 99.800 1,360.566
201909 1,282.247 100.100 1,368.072
201912 1,293.339 100.500 1,374.414
202003 1,319.072 100.300 1,404.555
202006 1,293.616 99.900 1,382.965
202009 1,321.465 99.900 1,412.737
202012 1,432.735 99.300 1,540.948
202103 1,385.872 99.900 1,481.593
202106 1,444.005 99.500 1,549.947
202109 1,500.524 100.100 1,600.959
202112 1,519.392 100.100 1,621.090
202203 1,550.231 101.100 1,637.633
202206 1,626.052 101.800 1,705.917
202209 1,694.829 103.100 1,755.652
202212 1,667.918 104.100 1,711.178
202303 1,640.709 104.400 1,678.426
202306 1,670.489 105.200 1,695.896
202309 1,794.673 106.200 1,804.812
202312 1,894.152 106.800 1,894.152

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


Fujitec Co  (TSE:6406) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3800.00/1381.95
=2.75

* 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 Fujitec Co was 2.91. The lowest was 1.20. And the median was 2.20.


Be Aware

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


Fujitec Co Cyclically Adjusted Book per Share Related Terms

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


Fujitec Co (TSE:6406) Business Description

Industry
Traded in Other Exchanges
Address
591-1 Miyatacho, Shiga Prefecture, Hikone, JPN, 522-8588
Fujitec Co Ltd is a Japan-based company that designs, develops, manufactures, sells, and installs elevators and escalators. The company has a global presence, with Japan, North America, South Asia, and East Asia being its largest markets. On the other hand, its manufacturing bases are spread worldwide, in locations including Japan, China, the United States, South Korea, Taiwan, and India. The company also provides aftersale maintenance services such as real-time parts support, remote monitoring, and product modernization.

Fujitec Co (TSE:6406) Headlines

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