GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kurita Water Industries Ltd (OTCPK:KTWIF) » Definitions » Cyclically Adjusted Book per Share

Kurita Water Industries (Kurita Water Industries) Cyclically Adjusted Book per Share : $15.99 (As of Dec. 2023)


View and export this data going back to 2004. Start your Free Trial

What is Kurita Water 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.

Kurita Water Industries's adjusted book value per share for the three months ended in Dec. 2023 was $19.497. 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 $15.99 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kurita Water Industries's average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.10% 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 Kurita Water Industries was 4.60% per year. The lowest was 3.40% per year. And the median was 3.50% per year.

As of today (2024-04-27), Kurita Water Industries's current stock price is $38.95. Kurita Water Industries's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $15.99. Kurita Water Industries's Cyclically Adjusted PB Ratio of today is 2.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kurita Water Industries was 3.06. The lowest was 1.15. And the median was 2.13.


Kurita Water Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kurita Water 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.

Kurita Water Industries Cyclically Adjusted Book per Share Chart

Kurita Water Industries 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 16.36 16.91 18.36 17.31 15.97

Kurita Water Industries 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 16.13 15.97 16.58 16.08 15.99

Competitive Comparison of Kurita Water Industries's Cyclically Adjusted Book per Share

For the Pollution & Treatment Controls subindustry, Kurita Water 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.


Kurita Water Industries's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Kurita Water 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, Kurita Water Industries'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)
=19.497/106.8000*106.8000
=19.497

Current CPI (Dec. 2023) = 106.8000.

Kurita Water Industries Quarterly Data

Book Value per Share CPI Adj_Book
201403 17.850 95.700 19.920
201406 17.818 98.000 19.418
201409 17.312 98.500 18.771
201412 15.709 97.900 17.137
201503 15.846 97.900 17.287
201506 15.225 98.400 16.525
201509 15.863 98.500 17.200
201512 15.965 98.100 17.381
201603 17.367 97.900 18.946
201606 18.468 98.100 20.106
201609 18.781 98.000 20.467
201612 16.608 98.400 18.026
201703 17.640 98.100 19.204
201706 17.978 98.500 19.493
201709 18.508 98.800 20.007
201712 18.557 99.400 19.939
201803 19.927 99.200 21.454
201806 18.818 99.200 20.260
201809 19.127 99.900 20.448
201812 18.490 99.700 19.807
201903 19.014 99.700 20.368
201906 19.607 99.800 20.982
201909 20.093 100.100 21.438
201912 20.182 100.500 21.447
202003 20.052 100.300 21.351
202006 19.467 99.900 20.812
202009 20.418 99.900 21.828
202012 21.047 99.300 22.637
202103 20.726 99.900 22.158
202106 20.386 99.500 21.882
202109 20.641 100.100 22.023
202112 20.371 100.100 21.734
202203 20.405 101.100 21.555
202206 18.961 101.800 19.892
202209 18.426 103.100 19.087
202212 19.244 104.100 19.743
202303 19.567 104.400 20.017
202306 19.244 105.200 19.537
202309 18.997 106.200 19.104
202312 19.497 106.800 19.497

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


Kurita Water Industries  (OTCPK:KTWIF) 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.

Kurita Water Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.95/15.99
=2.44

* 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 Kurita Water Industries was 3.06. The lowest was 1.15. And the median was 2.13.


Be Aware

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


Kurita Water Industries Cyclically Adjusted Book per Share Related Terms

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


Kurita Water Industries (Kurita Water Industries) Business Description

Traded in Other Exchanges
Address
Nakano Central Park East , 4-10-1, Nakano-ku, Tokyo, JPN, 164-0001
Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments, The Water Treatment Chemical segment, and The Water Treatment Equipment segment. The Water Treatment Chemical segment sells water treatment-related chemicals, for air conditioning, petroleum refining, pulp and paper processing-related applications. The Water Treatment Equipment segment manufactures and sells water production systems, drinking water treatment equipment, water and wastewater treatment equipment for various industries. Additionally, the segment is also responsible for supplying ultrapure water, the provision of maintenance service and the operation of water treatment facilities.

Kurita Water Industries (Kurita Water Industries) Headlines

From GuruFocus