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Dentsu Soken (TSE:4812) Cyclically Adjusted Book per Share : 円910.30 (As of Mar. 2024)


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What is Dentsu Soken 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.

Dentsu Soken's adjusted book value per share for the three months ended in Mar. 2024 was 円1,284.642. 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910.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Dentsu Soken's average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.70% 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 Dentsu Soken was 9.50% per year. The lowest was 4.80% per year. And the median was 6.80% per year.

As of today (2024-06-11), Dentsu Soken's current stock price is 円5250.00. Dentsu Soken's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円910.30. Dentsu Soken's Cyclically Adjusted PB Ratio of today is 5.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dentsu Soken was 6.90. The lowest was 1.96. And the median was 4.95.


Dentsu Soken Cyclically Adjusted Book per Share Historical Data

The historical data trend for Dentsu Soken'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.

Dentsu Soken Cyclically Adjusted Book per Share Chart

Dentsu Soken Annual Data
Trend Mar14 Mar15 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 647.44 678.28 728.08 810.76 891.14

Dentsu Soken 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 826.08 847.25 870.05 891.14 910.30

Competitive Comparison of Dentsu Soken's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, Dentsu Soken'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.


Dentsu Soken's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Dentsu Soken 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, Dentsu Soken'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)
=1284.642/107.2000*107.2000
=1,284.642

Current CPI (Mar. 2024) = 107.2000.

Dentsu Soken Quarterly Data

Book Value per Share CPI Adj_Book
201406 577.106 98.000 631.283
201409 602.580 98.500 655.803
201412 601.597 97.900 658.746
201503 621.025 97.900 680.019
201506 606.308 98.400 660.531
201509 645.470 98.500 702.481
201512 0.000 98.100 0.000
201603 656.718 97.900 719.103
201606 664.943 98.100 726.625
201609 664.038 98.000 726.376
201612 690.493 98.400 752.244
201703 695.879 98.100 760.430
201706 718.283 98.500 781.725
201709 706.590 98.800 766.664
201712 733.030 99.400 790.551
201803 741.470 99.200 801.266
201806 757.997 99.200 819.126
201809 761.680 99.900 817.338
201812 781.583 99.700 840.378
201903 791.327 99.700 850.855
201906 815.204 99.800 875.650
201909 823.644 100.100 882.064
201912 841.782 100.500 897.901
202003 851.281 100.300 909.844
202006 889.276 99.900 954.258
202009 894.739 99.900 960.120
202012 914.013 99.300 986.729
202103 930.954 99.900 998.982
202106 959.573 99.500 1,033.831
202109 965.220 100.100 1,033.682
202112 1,004.350 100.100 1,075.588
202203 1,041.195 101.100 1,104.017
202206 1,084.055 101.800 1,141.559
202209 1,090.516 103.100 1,133.883
202212 1,134.758 104.100 1,168.550
202303 1,150.295 104.400 1,181.146
202306 1,207.005 105.200 1,229.952
202309 1,216.472 106.200 1,227.927
202312 1,275.084 106.800 1,279.860
202403 1,284.642 107.200 1,284.642

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


Dentsu Soken  (TSE:4812) 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.

Dentsu Soken's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5250.00/910.3
=5.77

* 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 Dentsu Soken was 6.90. The lowest was 1.96. And the median was 4.95.


Be Aware

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


Dentsu Soken Cyclically Adjusted Book per Share Related Terms

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


Dentsu Soken (TSE:4812) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Dentsu Soken Inc (TSE:4812) » Definitions » Cyclically Adjusted Book per Share
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Address
2-17-1, Konan, Minato-ku, Tokyo, JPN, 108-0075
Dentsu Soken Inc provides a range of information technology, or IT, and consulting services. The company organizes itself into four segments based on service type. The financial solutions segment, which generates more revenue than any other segment, builds algorithmic trading systems and provides cash management, banking, and corporate finance services. The manufacturing solutions segment provides IT solutions for the entire product lifecycle, from product development and production, to sales and maintenance in the manufacturing industry. The communication IT solutions segment provides e-commerce and customer relationship management services. The business solutions segment provides consulting and IT services.

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