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Workman Co (TSE:7564) Cyclically Adjusted Book per Share : 円931.53 (As of Dec. 2023)


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What is Workman 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.

Workman Co's adjusted book value per share for the three months ended in Dec. 2023 was 円1,481.320. 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931.53 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Workman 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 Workman Co was 13.40% per year. The lowest was 10.40% per year. And the median was 11.70% per year.

As of today (2024-05-26), Workman Co's current stock price is 円3865.00. Workman Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円931.53. Workman Co's Cyclically Adjusted PB Ratio of today is 4.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Workman Co was 18.95. The lowest was 0.59. And the median was 7.28.


Workman Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Workman 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.

Workman Co Cyclically Adjusted Book per Share Chart

Workman 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 576.85 642.11 729.13 841.49 -

Workman 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 841.49 870.87 902.52 931.53 -

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

For the Apparel Retail subindustry, Workman 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.


Workman Co's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Workman Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Workman 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, Workman 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)
=1481.32/106.8000*106.8000
=1,481.320

Current CPI (Dec. 2023) = 106.8000.

Workman Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 488.322 95.700 544.961
201406 484.564 98.000 528.076
201409 496.650 98.500 538.500
201412 521.953 97.900 569.403
201503 539.678 97.900 588.740
201506 536.797 98.400 582.621
201509 551.277 98.500 597.730
201512 575.379 98.100 626.406
201603 593.274 97.900 647.208
201606 590.530 98.100 642.901
201609 607.107 98.000 661.623
201612 638.175 98.400 692.653
201703 658.670 98.100 717.084
201706 654.997 98.500 710.190
201709 671.645 98.800 726.029
201712 704.057 99.400 756.472
201803 727.584 99.200 783.326
201806 726.362 99.200 782.011
201809 748.031 99.900 799.697
201812 789.940 99.700 846.195
201903 820.080 99.700 878.481
201906 820.984 99.800 878.568
201909 854.485 100.100 911.678
201912 917.715 100.500 975.243
202003 949.646 100.300 1,011.188
202006 950.332 99.900 1,015.971
202009 987.362 99.900 1,055.558
202012 1,058.505 99.300 1,138.453
202103 1,110.055 99.900 1,186.725
202106 1,096.490 99.500 1,176.936
202109 1,136.424 100.100 1,212.488
202112 1,213.510 100.100 1,294.734
202203 1,268.919 101.100 1,340.460
202206 1,269.876 101.800 1,332.247
202209 1,299.946 103.100 1,346.598
202212 1,353.567 104.100 1,388.674
202303 1,399.750 104.400 1,431.928
202306 1,401.343 105.200 1,422.656
202309 1,431.376 106.200 1,439.463
202312 1,481.320 106.800 1,481.320

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


Workman Co  (TSE:7564) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3865.00/931.53
=4.15

* 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 Workman Co was 18.95. The lowest was 0.59. And the median was 7.28.


Be Aware

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


Workman Co Cyclically Adjusted Book per Share Related Terms

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


Workman Co (TSE:7564) Business Description

Industry
Traded in Other Exchanges
Address
4-8-1 Higashi Ueno, Tixtower UENO, Taito-ku, Tokyo, JPN, 110 0015
Workman Co Ltd is a Japan based company engaged in operating franchise stores and directly-operated stores providing working wear, casual wear, family clothing, footwear and working-related items. The company provides family clothing, including inner wears, socks, soldier socks, hats, towels and aprons; casual wear, including polo shirts, T-shirts, high neck shirts and blouses; working wear, including working jumpers, working pants, boiler suits and tobifuku; footwear, including safety shoes, safety sneakers, rubber-soled socks, boots and cloth shoes.

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