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Roland DG (TSE:6789) Cyclically Adjusted Book per Share : 円2,122.51 (As of Mar. 2024)


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What is Roland DG 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.

Roland DG's adjusted book value per share for the three months ended in Mar. 2024 was 円3,056.007. 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2,122.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Roland DG's average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.70% 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 Roland DG was 8.00% per year. The lowest was 2.50% per year. And the median was 4.50% per year.

As of today (2024-05-26), Roland DG's current stock price is 円5340.00. Roland DG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円2,122.51. Roland DG's Cyclically Adjusted PB Ratio of today is 2.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Roland DG was 2.64. The lowest was 0.64. And the median was 1.61.


Roland DG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Roland DG'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.

Roland DG Cyclically Adjusted Book per Share Chart

Roland DG 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 1,630.27 1,656.31 1,742.95 1,921.81 2,086.56

Roland DG 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 1,954.01 1,998.61 2,045.68 2,086.56 2,122.51

Competitive Comparison of Roland DG's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Roland DG'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.


Roland DG's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Roland DG 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, Roland DG'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)
=3056.007/107.2000*107.2000
=3,056.007

Current CPI (Mar. 2024) = 107.2000.

Roland DG Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,756.637 98.000 1,921.546
201409 1,435.482 98.500 1,562.271
201412 1,449.581 97.900 1,587.284
201503 1,550.189 97.900 1,697.449
201506 1,515.921 98.400 1,651.491
201509 1,552.165 98.500 1,689.260
201512 1,608.944 98.100 1,758.194
201603 1,603.004 97.900 1,755.281
201606 1,547.819 98.100 1,691.399
201609 1,562.334 98.000 1,709.002
201612 1,647.596 98.400 1,794.942
201703 1,542.127 98.100 1,685.179
201706 1,620.230 98.500 1,763.337
201709 1,684.072 98.800 1,827.252
201712 1,798.321 99.400 1,939.437
201803 1,765.977 99.200 1,908.395
201806 1,823.667 99.200 1,970.737
201809 1,882.433 99.900 2,019.988
201812 1,926.087 99.700 2,070.978
201903 1,925.495 99.700 2,070.342
201906 1,937.100 99.800 2,080.733
201909 1,946.553 100.100 2,084.620
201912 2,005.596 100.500 2,139.302
202003 1,956.290 100.300 2,090.870
202006 1,846.398 99.900 1,981.320
202009 1,891.577 99.900 2,029.800
202012 1,990.888 99.300 2,149.277
202103 1,996.681 99.900 2,142.585
202106 2,154.594 99.500 2,321.331
202109 2,203.716 100.100 2,360.024
202112 2,311.495 100.100 2,475.447
202203 2,381.933 101.100 2,525.650
202206 2,527.617 101.800 2,661.695
202209 2,581.164 103.100 2,683.810
202212 2,622.201 104.100 2,700.288
202303 2,614.313 104.400 2,684.429
202306 2,786.383 105.200 2,839.356
202309 2,828.340 106.200 2,854.972
202312 2,953.967 106.800 2,965.031
202403 3,056.007 107.200 3,056.007

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


Roland DG  (TSE:6789) 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.

Roland DG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5340.00/2122.51
=2.52

* 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 Roland DG was 2.64. The lowest was 0.64. And the median was 1.61.


Be Aware

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


Roland DG Cyclically Adjusted Book per Share Related Terms

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


Roland DG (TSE:6789) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Roland DG Corp (TSE:6789) » Definitions » Cyclically Adjusted Book per Share
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Address
1-6-4 Shinmiyakoda, Kita-ku, Hamamatsu-shi, Shizuoka-ken, JPN, 421-2103
Roland DG Corp is a Japanese based manufacturer of computer peripherals. The company offers products and solutions for digital printing, dental, medical, and 3D digital fabrication. It offers various products including wide-format color inkjet printers, inkjet printer, cutters, vinyl cutting machines, 3D milling machines, 3D printers, engraving machines, dental milling machines, dental 3D printers, and photo impact printers.

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