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Medipal Holdings (TSE:7459) Cyclically Adjusted Book per Share : 円2,341.92 (As of Dec. 2023)


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What is Medipal Holdings 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.

Medipal Holdings's adjusted book value per share for the three months ended in Dec. 2023 was 円2,761.438. 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2,341.92 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Medipal Holdings's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Medipal Holdings was 7.50% per year. The lowest was 6.00% per year. And the median was 6.50% per year.

As of today (2024-05-16), Medipal Holdings's current stock price is 円2248.50. Medipal Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円2,341.92. Medipal Holdings's Cyclically Adjusted PB Ratio of today is 0.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Medipal Holdings was 1.62. The lowest was 0.77. And the median was 1.13.


Medipal Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Medipal Holdings'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.

Medipal Holdings Cyclically Adjusted Book per Share Chart

Medipal Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,778.99 1,885.42 2,025.49 2,208.90 -

Medipal Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2,208.90 2,253.34 2,302.26 2,341.92 -

Competitive Comparison of Medipal Holdings's Cyclically Adjusted Book per Share

For the Medical Distribution subindustry, Medipal Holdings'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.


Medipal Holdings's Cyclically Adjusted PB Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Medipal Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Medipal Holdings 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, Medipal Holdings'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)
=2761.438/106.8000*106.8000
=2,761.438

Current CPI (Dec. 2023) = 106.8000.

Medipal Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 1,529.615 95.700 1,707.031
201406 1,549.151 98.000 1,688.258
201409 1,594.299 98.500 1,728.641
201412 1,624.989 97.900 1,772.715
201503 1,722.551 97.900 1,879.147
201506 1,739.002 98.400 1,887.453
201509 1,755.946 98.500 1,903.909
201512 1,828.627 98.100 1,990.799
201603 1,832.445 97.900 1,999.031
201606 1,865.399 98.100 2,030.832
201609 1,879.129 98.000 2,047.867
201612 1,930.476 98.400 2,095.273
201703 1,950.247 98.100 2,123.205
201706 1,975.565 98.500 2,142.034
201709 2,027.886 98.800 2,192.087
201712 2,096.509 99.400 2,252.587
201803 2,154.928 99.200 2,320.023
201806 2,177.474 99.200 2,344.297
201809 2,266.486 99.900 2,423.030
201812 2,203.622 99.700 2,360.550
201903 2,233.515 99.700 2,392.572
201906 2,222.066 99.800 2,377.922
201909 2,280.210 100.100 2,432.831
201912 2,375.040 100.500 2,523.923
202003 2,382.870 100.300 2,537.293
202006 2,440.161 99.900 2,608.701
202009 2,480.220 99.900 2,651.526
202012 2,453.768 99.300 2,639.098
202103 2,490.977 99.900 2,663.026
202106 2,517.501 99.500 2,702.202
202109 2,560.303 100.100 2,731.672
202112 2,535.852 100.100 2,705.584
202203 2,525.709 101.100 2,668.108
202206 2,566.726 101.800 2,692.793
202209 2,628.861 103.100 2,723.204
202212 2,636.244 104.100 2,704.619
202303 2,673.612 104.400 2,735.074
202306 2,725.676 105.200 2,767.131
202309 2,753.688 106.200 2,769.246
202312 2,761.438 106.800 2,761.438

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


Medipal Holdings  (TSE:7459) 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.

Medipal Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2248.50/2341.92
=0.96

* 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 Medipal Holdings was 1.62. The lowest was 0.77. And the median was 1.13.


Be Aware

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


Medipal Holdings Cyclically Adjusted Book per Share Related Terms

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


Medipal Holdings (TSE:7459) Business Description

Traded in Other Exchanges
Address
2-7-15, Yaesu, Chuo-ku, Tokyo, JPN, 104-8461
Medipal Holdings Corp distributes pharmaceuticals and health and beauty products to medical institutions and retailers. The firm operates in three segments: prescription pharmaceutical wholesale; cosmetics, daily necessities, and OTC pharmaceutical wholesale; and animal health products wholesale. The prescription pharmaceutical business generates the majority of revenue and distributes products to hospitals, clinics, and pharmacies. The cosmetics, daily necessities, and OTC pharmaceutical businesses distribute products to drugstores, convenience stores, and supermarkets. The animal health segment conducts wholesale business for animal hospitals, farms, and agricultural cooperatives. Medipal Holdings generates the vast majority of its revenue in Japan.

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