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TSI Holdings Co (TSE:3608) Cyclically Adjusted Book per Share : 円1,153.40 (As of Feb. 2024)


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What is TSI Holdings 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.

TSI Holdings Co's adjusted book value per share for the three months ended in Feb. 2024 was 円1,287.246. 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1,153.40 for the trailing ten years ended in Feb. 2024.

During the past 12 months, TSI Holdings Co's average Cyclically Adjusted Book Growth Rate was 3.50% 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.

As of today (2024-06-06), TSI Holdings Co's current stock price is 円951.00. TSI Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was 円1,153.40. TSI Holdings Co's Cyclically Adjusted PB Ratio of today is 0.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TSI Holdings Co was 0.79. The lowest was 0.27. And the median was 0.41.


TSI Holdings Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for TSI Holdings 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.

TSI Holdings Co Cyclically Adjusted Book per Share Chart

TSI Holdings Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1,072.61 1,114.81 1,153.40

TSI Holdings Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1,114.81 1,126.96 1,138.11 1,151.09 1,153.40

Competitive Comparison of TSI Holdings Co's Cyclically Adjusted Book per Share

For the Apparel Manufacturing subindustry, TSI Holdings 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.


TSI Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TSI Holdings 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, TSI Holdings Co's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1287.246/106.9000*106.9000
=1,287.246

Current CPI (Feb. 2024) = 106.9000.

TSI Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201405 1,080.972 98.100 1,177.940
201408 1,066.127 98.300 1,159.400
201411 1,090.705 97.900 1,190.974
201502 1,128.382 97.600 1,235.902
201505 1,153.426 98.700 1,249.253
201508 1,163.252 98.400 1,263.736
201511 1,163.345 98.100 1,267.702
201602 1,042.737 97.800 1,139.761
201605 1,028.806 98.200 1,119.953
201608 974.284 97.900 1,063.850
201611 1,017.515 98.600 1,103.168
201702 1,069.648 98.100 1,165.600
201705 1,049.937 98.600 1,138.319
201708 1,053.953 98.500 1,143.833
201711 1,093.072 99.100 1,179.106
201802 1,101.980 99.500 1,183.936
201805 1,069.791 99.300 1,151.668
201808 1,075.475 99.800 1,151.987
201811 1,100.028 100.000 1,175.930
201902 1,060.992 99.700 1,137.613
201905 1,049.754 100.000 1,122.187
201908 1,022.321 100.000 1,092.861
201911 1,063.826 100.500 1,131.572
202002 1,021.889 100.300 1,089.132
202005 883.000 100.100 942.984
202008 833.291 100.100 889.898
202011 886.476 99.500 952.405
202102 1,074.811 99.800 1,151.276
202105 1,106.753 99.400 1,190.261
202108 1,094.018 99.700 1,173.024
202111 1,131.282 100.100 1,208.132
202202 1,075.434 100.700 1,141.647
202205 1,105.384 101.800 1,160.762
202208 1,124.217 102.700 1,170.193
202211 1,173.574 103.900 1,207.460
202302 1,156.382 104.000 1,188.627
202305 1,159.012 105.100 1,178.862
202308 1,204.985 105.900 1,216.364
202311 1,241.280 106.900 1,241.280
202402 1,287.246 106.900 1,287.246

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


TSI Holdings Co  (TSE:3608) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=951.00/1153.4
=0.82

* 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 TSI Holdings Co was 0.79. The lowest was 0.27. And the median was 0.41.


Be Aware

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


TSI Holdings Co Cyclically Adjusted Book per Share Related Terms

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


TSI Holdings Co (TSE:3608) Business Description

Traded in Other Exchanges
Address
Number 7 1-chome, Chiyoda-ku, Tokyo, JPN
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. More than 90% of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.

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