GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kawasaki Heavy Industries Ltd (TSE:7012) » Definitions » Cyclically Adjusted Book per Share

Kawasaki Heavy Industries (TSE:7012) Cyclically Adjusted Book per Share : 円2,963.54 (As of Mar. 2024)


View and export this data going back to 1949. Start your Free Trial

What is Kawasaki Heavy Industries 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.

Kawasaki Heavy Industries's adjusted book value per share for the three months ended in Mar. 2024 was 円3,785.567. 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2,963.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kawasaki Heavy Industries's average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.40% 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 Kawasaki Heavy Industries was 6.60% per year. The lowest was 4.00% per year. And the median was 5.25% per year.

As of today (2024-05-24), Kawasaki Heavy Industries's current stock price is 円5684.00. Kawasaki Heavy Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円2,963.54. Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio of today is 1.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kawasaki Heavy Industries was 3.12. The lowest was 0.52. And the median was 1.17.


Kawasaki Heavy Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kawasaki Heavy Industries'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.

Kawasaki Heavy Industries Cyclically Adjusted Book per Share Chart

Kawasaki Heavy Industries 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 2,369.51 2,446.36 2,556.35 2,761.69 2,963.54

Kawasaki Heavy Industries 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 2,761.69 2,817.92 2,874.23 2,918.78 2,963.54

Competitive Comparison of Kawasaki Heavy Industries's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Kawasaki Heavy Industries'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.


Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kawasaki Heavy Industries 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, Kawasaki Heavy Industries'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)
=3785.567/107.2000*107.2000
=3,785.567

Current CPI (Mar. 2024) = 107.2000.

Kawasaki Heavy Industries Quarterly Data

Book Value per Share CPI Adj_Book
201406 2,137.455 98.000 2,338.114
201409 2,202.447 98.500 2,396.978
201412 2,443.140 97.900 2,675.226
201503 2,585.846 97.900 2,831.488
201506 2,568.649 98.400 2,798.366
201509 2,668.612 98.500 2,904.317
201512 2,653.145 98.100 2,899.257
201603 2,582.145 97.900 2,827.436
201606 2,462.115 98.100 2,690.507
201609 2,328.652 98.000 2,547.260
201612 2,469.514 98.400 2,690.365
201703 2,617.378 98.100 2,860.172
201706 2,613.139 98.500 2,843.944
201709 2,644.309 98.800 2,869.129
201712 2,700.308 99.400 2,912.203
201803 2,789.977 99.200 3,014.975
201806 2,769.851 99.200 2,993.226
201809 2,735.214 99.900 2,935.084
201812 2,781.326 99.700 2,990.553
201903 2,851.831 99.700 3,066.362
201906 2,748.625 99.800 2,952.431
201909 2,738.992 100.100 2,933.266
201912 2,748.140 100.500 2,931.349
202003 2,727.570 100.300 2,915.209
202006 2,647.021 99.900 2,840.447
202009 2,547.188 99.900 2,733.319
202012 2,634.244 99.300 2,843.816
202103 2,785.702 99.900 2,989.262
202106 2,624.675 99.500 2,827.791
202109 2,584.943 100.100 2,768.291
202112 2,612.972 100.100 2,798.308
202203 3,018.301 101.100 3,200.414
202206 3,103.802 101.800 3,268.444
202209 3,226.818 103.100 3,355.140
202212 3,329.176 104.100 3,428.316
202303 3,440.376 104.400 3,532.647
202306 3,491.527 105.200 3,557.906
202309 3,354.558 106.200 3,386.145
202312 3,395.740 106.800 3,408.458
202403 3,785.567 107.200 3,785.567

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


Kawasaki Heavy Industries  (TSE:7012) 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.

Kawasaki Heavy Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5684.00/2963.54
=1.92

* 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 Kawasaki Heavy Industries was 3.12. The lowest was 0.52. And the median was 1.17.


Be Aware

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


Kawasaki Heavy Industries Cyclically Adjusted Book per Share Related Terms

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


Kawasaki Heavy Industries (TSE:7012) Business Description

Traded in Other Exchanges
Address
Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, JPN, 650-8680
Kawasaki Heavy Industries Ltd is a diversified industrial company serving land, sea, and air markets. It produces heavy machinery, including multiple land vehicles, large tankers, submarines, energy systems, and aerospace equipment. In addition, the company works to produce environmental plants, industrial plants, precision machinery, robots, and infrastructure equipment. One aspect of the company focuses on manufacturing motorcycles under its well-known Kawasaki brand. Another focus and revenue generator is the division geared towards manufacturing commercial aircraft and jet engines. Sales generated in Asia account for the majority of total revenue, but the company does have a presence in the Americas and Europe.

Kawasaki Heavy Industries (TSE:7012) Headlines

No Headlines