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Mitsubishi Motors (TSE:7211) Cyclically Adjusted Book per Share : 円556.29 (As of Dec. 2023)


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What is Mitsubishi Motors 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.

Mitsubishi Motors's adjusted book value per share for the three months ended in Dec. 2023 was 円616.187. 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556.29 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mitsubishi Motors's average Cyclically Adjusted Book Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.20% 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 Mitsubishi Motors was 1.60% per year. The lowest was -5.60% per year. And the median was 0.90% per year.

As of today (2024-04-29), Mitsubishi Motors's current stock price is 円472.70. Mitsubishi Motors's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円556.29. Mitsubishi Motors's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mitsubishi Motors was 1.79. The lowest was 0.35. And the median was 0.90.


Mitsubishi Motors Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mitsubishi Motors'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.

Mitsubishi Motors Cyclically Adjusted Book per Share Chart

Mitsubishi Motors 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 524.05 545.49 539.47 537.56 551.52

Mitsubishi Motors 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 551.98 551.52 554.21 557.28 556.29

Competitive Comparison of Mitsubishi Motors's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Mitsubishi Motors'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.


Mitsubishi Motors's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsubishi Motors's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mitsubishi Motors 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, Mitsubishi Motors'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)
=616.187/106.8000*106.8000
=616.187

Current CPI (Dec. 2023) = 106.8000.

Mitsubishi Motors Quarterly Data

Book Value per Share CPI Adj_Book
201403 549.633 95.700 613.384
201406 554.735 98.000 604.548
201409 604.643 98.500 655.593
201412 659.131 97.900 719.052
201503 669.742 97.900 730.628
201506 682.298 98.400 740.543
201509 686.742 98.500 744.610
201512 704.834 98.100 767.342
201603 682.448 97.900 744.489
201606 517.351 98.100 563.232
201609 417.870 98.000 455.393
201612 454.078 98.400 492.841
201703 463.374 98.100 504.468
201706 472.544 98.500 512.362
201709 493.075 98.800 533.000
201712 504.612 99.400 542.179
201803 524.190 99.200 564.350
201806 525.962 99.200 566.257
201809 547.379 99.900 585.186
201812 542.631 99.700 581.274
201903 585.994 99.700 627.725
201906 575.416 99.800 615.776
201909 568.581 100.100 606.638
201912 555.771 100.500 590.610
202003 519.386 100.300 553.045
202006 406.157 99.900 434.210
202009 379.661 99.900 405.884
202012 361.044 99.300 388.313
202103 341.678 99.900 365.277
202106 341.706 99.500 366.776
202109 347.999 100.100 371.292
202112 371.733 100.100 396.614
202203 407.949 101.100 430.949
202206 455.363 101.800 477.729
202209 491.181 103.100 508.808
202212 513.674 104.100 526.997
202303 538.300 104.400 550.675
202306 583.018 105.200 591.885
202309 602.119 106.200 605.521
202312 616.187 106.800 616.187

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


Mitsubishi Motors  (TSE:7211) 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.

Mitsubishi Motors's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=472.70/556.29
=0.85

* 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 Mitsubishi Motors was 1.79. The lowest was 0.35. And the median was 0.90.


Be Aware

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


Mitsubishi Motors Cyclically Adjusted Book per Share Related Terms

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


Mitsubishi Motors (TSE:7211) Business Description

Traded in Other Exchanges
Address
5-33-8, Shiba, Minato - ku, Tokyo, JPN, 108-8410
Mitsubishi Motors is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: automobile business and automobile financing business. The company derives the vast majority of company revenue from the automotive business. Geographically, the company is separated into five regions: Japan, North America, Europe, Asia (excluding Japan), and other. With more than half of its products manufactures in Japan where it also generates the majority of its consolidated revenue, followed by Asia, and North America.

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