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Cybozu (TSE:4776) Cyclically Adjusted Book per Share : 円116.71 (As of Mar. 2024)


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What is Cybozu 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.

Cybozu's adjusted book value per share for the three months ended in Mar. 2024 was 円245.053. 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116.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cybozu's average Cyclically Adjusted Book Growth Rate was 17.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.90% 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 Cybozu was 9.40% per year. The lowest was 3.20% per year. And the median was 4.70% per year.

As of today (2024-06-09), Cybozu's current stock price is 円1842.00. Cybozu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円116.71. Cybozu's Cyclically Adjusted PB Ratio of today is 15.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cybozu was 41.69. The lowest was 7.61. And the median was 20.27.


Cybozu Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cybozu'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.

Cybozu Cyclically Adjusted Book per Share Chart

Cybozu Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.78 85.85 90.68 96.15 112.49

Cybozu 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 99.30 103.31 108.17 112.49 116.71

Competitive Comparison of Cybozu's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Cybozu'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.


Cybozu's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Cybozu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Cybozu 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, Cybozu's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=245.053/107.2000*107.2000
=245.053

Current CPI (Mar. 2024) = 107.2000.

Cybozu Quarterly Data

Book Value per Share CPI Adj_Book
201406 82.575 98.000 90.327
201409 87.044 98.500 94.732
201412 78.718 97.900 86.196
201503 79.860 97.900 87.446
201506 79.786 98.400 86.921
201509 79.829 98.500 86.880
201512 69.575 98.100 76.029
201603 68.692 97.900 75.217
201606 70.164 98.100 76.673
201609 72.845 98.000 79.684
201612 69.117 98.400 75.298
201703 68.398 98.100 74.743
201706 70.469 98.500 76.693
201709 73.891 98.800 80.173
201712 69.771 99.400 75.246
201803 69.052 99.200 74.621
201806 75.395 99.200 81.475
201809 81.563 99.900 87.523
201812 74.044 99.700 79.614
201903 76.376 99.700 82.121
201906 80.844 99.800 86.838
201909 88.647 100.100 94.935
201912 86.947 100.500 92.743
202003 88.495 100.300 94.583
202006 97.105 99.900 104.201
202009 161.798 99.900 173.621
202012 139.565 99.300 150.668
202103 136.840 99.900 146.839
202106 142.507 99.500 153.535
202109 152.142 100.100 162.933
202112 138.824 100.100 148.671
202203 111.207 101.100 117.917
202206 106.325 101.800 111.965
202209 113.954 103.100 118.486
202212 100.876 104.100 103.880
202303 211.276 104.400 216.942
202306 229.891 105.200 234.262
202309 243.252 106.200 245.543
202312 236.275 106.800 237.160
202403 245.053 107.200 245.053

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


Cybozu  (TSE:4776) 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.

Cybozu's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1842.00/116.71
=15.78

* 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 Cybozu was 41.69. The lowest was 7.61. And the median was 20.27.


Be Aware

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


Cybozu Cyclically Adjusted Book per Share Related Terms

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


Cybozu (TSE:4776) Business Description

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12F, Koraku Mori Building, 1-4-14 Koraku, Bunkyo-ku, Tokyo, JPN, 112-0004
Cybozu Inc is a Japanese based software company. It is engaged in the research and development of software and provides web-based groupware services. In addition to selling software licenses, it also offers a cloud service that provides operational environments such as servers and security. The firm develops and provides tools to support team collaboration. Some of its products include Kintone, Office 10, Garoon, Cybozu Live, Kunai, Didier, among others.

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