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Maruwa Co (TSE:5344) Cyclically Adjusted Book per Share : 円5,101.27 (As of Dec. 2023)


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What is Maruwa 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.

Maruwa Co's adjusted book value per share for the three months ended in Dec. 2023 was 円8,439.848. 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5,101.27 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Maruwa Co'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 Maruwa Co was 9.70% per year. The lowest was 6.20% per year. And the median was 7.50% per year.

As of today (2024-05-27), Maruwa Co's current stock price is 円35550.00. Maruwa Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円5,101.27. Maruwa Co's Cyclically Adjusted PB Ratio of today is 6.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Maruwa Co was 7.00. The lowest was 1.39. And the median was 2.90.


Maruwa Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Maruwa 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.

Maruwa Co Cyclically Adjusted Book per Share Chart

Maruwa Co 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 3,512.33 3,745.83 4,093.76 4,641.41 -

Maruwa Co 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 4,641.41 4,787.77 4,951.89 5,101.27 -

Competitive Comparison of Maruwa Co's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Maruwa 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.


Maruwa Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Maruwa 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, Maruwa Co'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)
=8439.848/106.8000*106.8000
=8,439.848

Current CPI (Dec. 2023) = 106.8000.

Maruwa Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 3,240.057 95.700 3,615.863
201406 3,255.381 98.000 3,547.701
201409 3,332.517 98.500 3,613.328
201412 3,399.993 97.900 3,709.083
201503 3,319.725 97.900 3,621.518
201506 3,346.861 98.400 3,632.569
201509 3,260.629 98.500 3,535.383
201512 3,330.129 98.100 3,625.462
201603 3,376.554 97.900 3,683.513
201606 3,322.747 98.100 3,617.425
201609 3,353.945 98.000 3,655.116
201612 3,467.650 98.400 3,763.669
201703 3,506.619 98.100 3,817.604
201706 3,591.587 98.500 3,894.228
201709 3,747.264 98.800 4,050.686
201712 3,889.648 99.400 4,179.219
201803 3,965.830 99.200 4,269.664
201806 4,060.231 99.200 4,371.297
201809 4,202.895 99.900 4,493.185
201812 4,282.887 99.700 4,587.887
201903 4,451.920 99.700 4,768.957
201906 4,515.400 99.800 4,832.111
201909 4,616.558 100.100 4,925.558
201912 4,718.372 100.500 5,014.151
202003 4,821.081 100.300 5,133.514
202006 4,915.927 99.900 5,255.466
202009 5,064.542 99.900 5,414.345
202012 5,200.919 99.300 5,593.738
202103 5,378.080 99.900 5,749.539
202106 5,522.180 99.500 5,927.325
202109 5,798.244 100.100 6,186.338
202112 6,105.352 100.100 6,514.002
202203 6,458.016 101.100 6,822.118
202206 6,809.188 101.800 7,143.627
202209 7,179.853 103.100 7,437.520
202212 7,378.216 104.100 7,569.582
202303 7,636.003 104.400 7,811.543
202306 7,860.698 105.200 7,980.252
202309 8,200.645 106.200 8,246.976
202312 8,439.848 106.800 8,439.848

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


Maruwa Co  (TSE:5344) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35550.00/5101.27
=6.97

* 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 Maruwa Co was 7.00. The lowest was 1.39. And the median was 2.90.


Be Aware

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


Maruwa Co Cyclically Adjusted Book per Share Related Terms

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


Maruwa Co (TSE:5344) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maruwa Co Ltd (TSE:5344) » Definitions » Cyclically Adjusted Book per Share
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Address
3-83, Minamihonjigahara-cho, Aichi, Owariasahi, JPN, 488-0044
Maruwa Co Ltd engages in production and sale of ceramics and electronics parts. The company operates in four business divisions namely Ceramics that produces ceramic substrates, designs, and patterns circuit on substrates, processes components mounting, Electronic Components/Devices that produce radio frequency components or devices such as EMI filters, magnetic sheets, inductors, and EMC components, Quartz Glass that produces quartz glass products, including quartz boats and tubes for semiconductor industry, multi-walled piping burner for optical fiber, and machined products, and Light-Emitting Diode that produces light-emitting diode lighting fixtures including street lighting, lighting for interior and high ceiling.

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