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Seven Bank (TSE:8410) Cyclically Adjusted Book per Share : 円190.50 (As of Dec. 2023)


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What is Seven Bank 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.

Seven Bank's adjusted book value per share for the three months ended in Dec. 2023 was 円235.871. 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190.50 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Seven Bank'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 Seven Bank was 7.40% per year. The lowest was 6.60% per year. And the median was 6.70% per year.

As of today (2024-06-10), Seven Bank's current stock price is 円261.50. Seven Bank's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円190.50. Seven Bank's Cyclically Adjusted PB Ratio of today is 1.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Seven Bank was 3.29. The lowest was 1.37. And the median was 1.63.


Seven Bank Cyclically Adjusted Book per Share Historical Data

The historical data trend for Seven Bank'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.

Seven Bank Cyclically Adjusted Book per Share Chart

Seven Bank 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 144.76 153.61 164.99 179.39 -

Seven Bank 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 179.39 182.79 187.03 190.50 -

Competitive Comparison of Seven Bank's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Seven Bank'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.


Seven Bank's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Seven Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Seven Bank 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, Seven Bank'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)
=235.871/106.8000*106.8000
=235.871

Current CPI (Dec. 2023) = 106.8000.

Seven Bank Quarterly Data

Book Value per Share CPI Adj_Book
201403 128.810 95.700 143.750
201406 129.581 98.000 141.217
201409 134.757 98.500 146.112
201412 137.479 97.900 149.977
201503 142.621 97.900 155.587
201506 143.584 98.400 155.841
201509 149.406 98.500 161.996
201512 150.599 98.100 163.955
201603 155.138 97.900 169.241
201606 154.860 98.100 168.594
201609 159.335 98.000 173.643
201612 160.423 98.400 174.118
201703 167.058 98.100 181.874
201706 167.314 98.500 181.413
201709 172.872 98.800 186.870
201712 174.154 99.400 187.119
201803 178.061 99.200 191.703
201806 177.130 99.200 190.700
201809 172.309 99.900 184.210
201812 173.924 99.700 186.310
201903 178.642 99.700 191.364
201906 178.262 99.800 190.765
201909 182.485 100.100 194.699
201912 183.550 100.500 195.056
202003 187.964 100.300 200.145
202006 187.901 99.900 200.879
202009 193.783 99.900 207.167
202012 194.281 99.300 208.955
202103 198.404 99.900 212.108
202106 198.062 99.500 212.593
202109 202.691 100.100 216.258
202112 201.701 100.100 215.201
202203 206.329 101.100 217.962
202206 206.223 101.800 216.352
202209 212.122 103.100 219.735
202212 211.933 104.100 217.430
202303 213.241 104.400 218.143
202306 212.688 105.200 215.923
202309 237.833 106.200 239.177
202312 235.871 106.800 235.871

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


Seven Bank  (TSE:8410) 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.

Seven Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=261.50/190.5
=1.37

* 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 Seven Bank was 3.29. The lowest was 1.37. And the median was 1.63.


Be Aware

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


Seven Bank Cyclically Adjusted Book per Share Related Terms

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


Seven Bank (TSE:8410) Business Description

Industry
Traded in Other Exchanges
Address
6-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Seven Bank Ltd is a Japan-based business bank. It operates a network of ATMs in partnership with financial institutions across Japan. The company's business segments include the ATM Services segment and the Financial Services segment. The ATM Services segment, provides deposits, withdrawals, and bank transfers at more than 22,000 Seven Bank ATMs nationwide using the cards of more than 590 partner institutions. The Financial Services segment provides convenient account-related services, such as ordinary deposits, time deposits, personal loans and international money transfers, which are accessible from not only Seven Bank ATMs but also personal computers and smartphones. Also, the company provides ATM services overseas and back-office support on commission through its subsidiaries.

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