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Sundrug Co (TSE:9989) Cyclically Adjusted Book per Share : 円1,561.43 (As of Dec. 2023)


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What is Sundrug 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.

Sundrug Co's adjusted book value per share for the three months ended in Dec. 2023 was 円2,109.575. 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1,561.43 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Sundrug 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 Sundrug Co was 11.00% per year. The lowest was 9.40% per year. And the median was 10.70% per year.

As of today (2024-06-10), Sundrug Co's current stock price is 円3966.00. Sundrug Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円1,561.43. Sundrug Co's Cyclically Adjusted PB Ratio of today is 2.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sundrug Co was 6.59. The lowest was 2.12. And the median was 3.05.


Sundrug Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sundrug 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.

Sundrug Co Cyclically Adjusted Book per Share Chart

Sundrug 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 1,055.63 1,158.75 1,286.28 1,442.72 -

Sundrug 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 1,442.72 1,481.81 1,524.48 1,561.43 -

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

For the Pharmaceutical Retailers subindustry, Sundrug 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.


Sundrug Co's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sundrug Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sundrug 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, Sundrug 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)
=2109.575/106.8000*106.8000
=2,109.575

Current CPI (Dec. 2023) = 106.8000.

Sundrug Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 898.117 95.700 1,002.287
201406 909.915 98.000 991.622
201409 859.148 98.500 931.543
201412 885.297 97.900 965.779
201503 959.482 97.900 1,046.708
201506 986.442 98.400 1,070.650
201509 1,031.832 98.500 1,118.778
201512 1,061.604 98.100 1,155.752
201603 1,102.577 97.900 1,202.811
201606 1,126.749 98.100 1,226.675
201609 1,048.923 98.000 1,143.112
201612 1,081.011 98.400 1,173.292
201703 1,166.403 98.100 1,269.845
201706 1,190.118 98.500 1,290.402
201709 1,241.571 98.800 1,342.103
201712 1,273.867 99.400 1,368.702
201803 1,324.630 99.200 1,426.114
201806 1,542.332 99.200 1,660.495
201809 1,597.395 99.900 1,707.726
201812 1,624.239 99.700 1,739.907
201903 1,463.334 99.700 1,567.543
201906 1,486.176 99.800 1,590.417
201909 1,545.708 100.100 1,649.167
201912 1,558.583 100.500 1,656.285
202003 1,598.127 100.300 1,701.695
202006 1,624.577 99.900 1,736.785
202009 1,679.666 99.900 1,795.679
202012 1,707.648 99.300 1,836.624
202103 1,754.962 99.900 1,876.176
202106 1,776.253 99.500 1,906.571
202109 1,824.713 100.100 1,946.847
202112 1,845.749 100.100 1,969.291
202203 1,886.627 101.100 1,992.995
202206 1,904.562 101.800 1,998.106
202209 1,959.589 103.100 2,029.914
202212 1,975.129 104.100 2,026.357
202303 2,021.202 104.400 2,067.666
202306 2,030.404 105.200 2,061.285
202309 2,092.038 106.200 2,103.857
202312 2,109.575 106.800 2,109.575

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


Sundrug Co  (TSE:9989) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3966.00/1561.43
=2.54

* 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 Sundrug Co was 6.59. The lowest was 2.12. And the median was 3.05.


Be Aware

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


Sundrug Co Cyclically Adjusted Book per Share Related Terms

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


Sundrug Co (TSE:9989) Business Description

Traded in Other Exchanges
Address
1-38-1 Wakamatsu-cho, Fuchu-shi, Tokyo, JPN, 183-0005
Sundrug Co Ltd is a Japanese based company engaged in the operations and management of drugstores. Its activities are divided into business divisions including Drugstore business, Dispensing pharmacy business, and Discount store business. The company also offers necessities such as foods, cosmetics, household appliances, clothing items, car goods, sports and leisure goods, alcoholic beverages, kerosene through its discount store Direx.

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