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The Japan Steel Works (The Japan Steel Works) Cyclically Adjusted Book per Share : $7.07 (As of Dec. 2023)


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What is The Japan Steel Works 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.

The Japan Steel Works's adjusted book value per share for the three months ended in Dec. 2023 was $7.844. 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 $7.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, The Japan Steel Works's average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.20% 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 The Japan Steel Works was 3.50% per year. The lowest was 1.80% per year. And the median was 2.15% per year.

As of today (2024-04-27), The Japan Steel Works's current stock price is $11.95. The Japan Steel Works's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.07. The Japan Steel Works's Cyclically Adjusted PB Ratio of today is 1.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Japan Steel Works was 2.39. The lowest was 0.55. And the median was 1.49.


The Japan Steel Works Cyclically Adjusted Book per Share Historical Data

The historical data trend for The Japan Steel Works'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.

The Japan Steel Works Cyclically Adjusted Book per Share Chart

The Japan Steel Works Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.71 7.80 8.18 6.58 6.90

The Japan Steel Works Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.18 6.90 6.52 7.05 7.07

Competitive Comparison of The Japan Steel Works's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, The Japan Steel Works'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.


The Japan Steel Works's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Japan Steel Works's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Japan Steel Works's Cyclically Adjusted PB Ratio falls into.



The Japan Steel Works 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, The Japan Steel Works'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)
=7.844/106.8000*106.8000
=7.844

Current CPI (Dec. 2023) = 106.8000.

The Japan Steel Works Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.108 95.700 10.164
201406 9.170 98.000 9.993
201409 8.201 98.500 8.892
201412 7.591 97.900 8.281
201503 7.658 97.900 8.354
201506 7.414 98.400 8.047
201509 7.528 98.500 8.162
201512 7.671 98.100 8.351
201603 6.628 97.900 7.231
201606 7.090 98.100 7.719
201609 7.564 98.000 8.243
201612 6.829 98.400 7.412
201703 6.405 98.100 6.973
201706 6.711 98.500 7.276
201709 7.063 98.800 7.635
201712 7.265 99.400 7.806
201803 7.508 99.200 8.083
201806 7.467 99.200 8.039
201809 7.699 99.900 8.231
201812 7.615 99.700 8.157
201903 7.859 99.700 8.419
201906 8.389 99.800 8.977
201909 8.448 100.100 9.013
201912 8.348 100.500 8.871
202003 8.261 100.300 8.796
202006 8.247 99.900 8.817
202009 8.576 99.900 9.168
202012 8.936 99.300 9.611
202103 8.780 99.900 9.386
202106 8.766 99.500 9.409
202109 8.921 100.100 9.518
202112 8.604 100.100 9.180
202203 8.565 101.100 9.048
202206 7.497 101.800 7.865
202209 7.088 103.100 7.342
202212 7.548 104.100 7.744
202303 8.088 104.400 8.274
202306 7.686 105.200 7.803
202309 7.501 106.200 7.543
202312 7.844 106.800 7.844

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


The Japan Steel Works  (OTCPK:JPSWY) 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.

The Japan Steel Works's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.95/7.07
=1.69

* 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 The Japan Steel Works was 2.39. The lowest was 0.55. And the median was 1.49.


Be Aware

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


The Japan Steel Works Cyclically Adjusted Book per Share Related Terms

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


The Japan Steel Works (The Japan Steel Works) Business Description

Traded in Other Exchanges
Address
Gate City Ohsaki-West Tower, 11-1, Osaki 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0032
The Japan Steel Works Ltd is a Japan-based company that primarily operates through two segments. The steel and energy products segment provides steel components for turbine shafts, steel components for nuclear reactors, steel casting for power plant turbines, oil refining equipment, high-pressure steel tankers, wind turbine systems, and various other steel products. The industrial machinery products segment offers polyolefin pelletizers, injection molding machines, extruders, film and sheet machines, blow molding machines, defense equipment, and other industrial machinery and related services and solutions. The company generates the majority of its sales from Japan and China.

The Japan Steel Works (The Japan Steel Works) Headlines