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Screen Holdings Co (FRA:DAO) Cyclically Adjusted Book per Share : €12.70 (As of Mar. 2024)


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What is Screen Holdings 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.

Screen Holdings Co's adjusted book value per share for the three months ended in Mar. 2024 was €23.526. 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 €12.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Screen Holdings Co's average Cyclically Adjusted Book Growth Rate was 16.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.60% 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 Screen Holdings Co was 14.90% per year. The lowest was 9.00% per year. And the median was 11.35% per year.

As of today (2024-06-11), Screen Holdings Co's current stock price is €87.58. Screen Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.70. Screen Holdings Co's Cyclically Adjusted PB Ratio of today is 6.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Screen Holdings Co was 9.73. The lowest was 1.29. And the median was 3.20.


Screen Holdings Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Screen Holdings 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.

Screen Holdings Co Cyclically Adjusted Book per Share Chart

Screen Holdings 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 10.51 10.78 11.65 12.55 12.70

Screen Holdings 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 12.55 11.91 12.41 12.94 12.70

Competitive Comparison of Screen Holdings Co's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Screen Holdings 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.


Screen Holdings Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Screen Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Screen Holdings 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, Screen Holdings Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=23.526/107.2000*107.2000
=23.526

Current CPI (Mar. 2024) = 107.2000.

Screen Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.744 98.000 7.377
201409 7.258 98.500 7.899
201412 7.353 97.900 8.051
201503 8.963 97.900 9.814
201506 8.740 98.400 9.522
201509 9.039 98.500 9.837
201512 9.510 98.100 10.392
201603 10.072 97.900 11.029
201606 10.401 98.100 11.366
201609 11.438 98.000 12.512
201612 11.821 98.400 12.878
201703 12.589 98.100 13.757
201706 12.521 98.500 13.627
201709 12.389 98.800 13.442
201712 12.715 99.400 13.713
201803 14.002 99.200 15.131
201806 14.022 99.200 15.153
201809 14.380 99.900 15.431
201812 14.189 99.700 15.256
201903 15.283 99.700 16.433
201906 14.917 99.800 16.023
201909 15.792 100.100 16.912
201912 16.018 100.500 17.086
202003 15.664 100.300 16.742
202006 15.789 99.900 16.943
202009 15.916 99.900 17.079
202012 16.571 99.300 17.889
202103 17.291 99.900 18.555
202106 16.944 99.500 18.255
202109 18.444 100.100 19.752
202112 19.798 100.100 21.202
202203 20.362 101.100 21.591
202206 19.773 101.800 20.822
202209 20.774 103.100 21.600
202212 21.305 104.100 21.939
202303 22.100 104.400 22.693
202306 20.525 105.200 20.915
202309 21.072 106.200 21.270
202312 21.805 106.800 21.887
202403 23.526 107.200 23.526

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


Screen Holdings Co  (FRA:DAO) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=87.58/12.7
=6.90

* 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 Screen Holdings Co was 9.73. The lowest was 1.29. And the median was 3.20.


Be Aware

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


Screen Holdings Co Cyclically Adjusted Book per Share Related Terms

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


Screen Holdings Co (FRA:DAO) Business Description

Industry
Traded in Other Exchanges
Address
Tenjinkita-machi 1-1, Teranouchi-agaru, 4-chome, Horikawa-dori, Kamigyo-ku, Kyoto, JPN, 602-8585
Screen Holdings Co Ltd operates in the Japanese semiconductor industry. The majority of its revenue is derived from the sale of semiconductor manufacturing equipment, which is part of its Semiconductor Equipment segment. Its other segments include Graphics and Precision Solutions, Fine Tech Solutions and Others. The Graphics segment is concerned with the sale of printing and printed circuit board related machinery. The Fine Tech Solutions (FT) segment provides flat panel display (FPD) manufacturing equipment and the Others segment is involved in the development and sale of software products. The company caters to the global market, with emphasis on the Asia and Oceania region.