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Dai Nippon Printing Co (FRA:DNP) Cyclically Adjusted Book per Share : €24.03 (As of Dec. 2023)


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What is Dai Nippon Printing 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.

Dai Nippon Printing Co's adjusted book value per share for the three months ended in Dec. 2023 was €28.902. 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 €24.03 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Dai Nippon Printing 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 Dai Nippon Printing Co was 4.10% per year. The lowest was 1.60% per year. And the median was 2.10% per year.

As of today (2024-06-06), Dai Nippon Printing Co's current stock price is €28.60. Dai Nippon Printing Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €24.03. Dai Nippon Printing Co's Cyclically Adjusted PB Ratio of today is 1.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dai Nippon Printing Co was 1.29. The lowest was 0.56. And the median was 0.81.


Dai Nippon Printing Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Dai Nippon Printing 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.

Dai Nippon Printing Co Cyclically Adjusted Book per Share Chart

Dai Nippon Printing 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 26.40 24.55 25.27 24.45 -

Dai Nippon Printing 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 24.45 22.92 23.49 24.03 -

Competitive Comparison of Dai Nippon Printing Co's Cyclically Adjusted Book per Share

For the Specialty Business Services subindustry, Dai Nippon Printing 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.


Dai Nippon Printing Co's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Dai Nippon Printing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Dai Nippon Printing 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, Dai Nippon Printing 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)
=28.902/106.8000*106.8000
=28.902

Current CPI (Dec. 2023) = 106.8000.

Dai Nippon Printing Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 20.459 95.700 22.832
201406 20.909 98.000 22.787
201409 21.213 98.500 23.000
201412 21.754 97.900 23.732
201503 25.721 97.900 28.059
201506 24.696 98.400 26.804
201509 24.947 98.500 27.049
201512 25.480 98.100 27.740
201603 25.743 97.900 28.083
201606 27.613 98.100 30.062
201609 28.158 98.000 30.686
201612 26.891 98.400 29.187
201703 27.831 98.100 30.299
201706 27.204 98.500 29.496
201709 25.652 98.800 27.729
201712 26.179 99.400 28.128
201803 26.719 99.200 28.766
201806 27.640 99.200 29.758
201809 28.254 99.900 30.205
201812 27.206 99.700 29.143
201903 26.281 99.700 28.153
201906 27.558 99.800 29.491
201909 28.514 100.100 30.423
201912 28.901 100.500 30.713
202003 27.405 100.300 29.181
202006 27.667 99.900 29.578
202009 27.584 99.900 29.489
202012 27.574 99.300 29.657
202103 28.723 99.900 30.707
202106 28.415 99.500 30.500
202109 30.921 100.100 32.991
202112 31.784 100.100 33.911
202203 31.074 101.100 32.826
202206 27.970 101.800 29.344
202209 28.494 103.100 29.517
202212 28.989 104.100 29.741
202303 29.058 104.400 29.726
202306 27.837 105.200 28.260
202309 27.774 106.200 27.931
202312 28.902 106.800 28.902

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


Dai Nippon Printing Co  (FRA:DNP) 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.

Dai Nippon Printing Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=28.60/24.03
=1.19

* 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 Dai Nippon Printing Co was 1.29. The lowest was 0.56. And the median was 0.81.


Be Aware

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


Dai Nippon Printing Co Cyclically Adjusted Book per Share Related Terms

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


Dai Nippon Printing Co (FRA:DNP) Business Description

Traded in Other Exchanges
Address
1-1, Ichigaya-Kagacho, 1-chome, Shinjuku-ku, Tokyo, JPN, 162-8001
Dai Nippon Printing is a provider of printing services. The company offers publishing and printing solutions used for printing magazines, newspapers, textbooks, catalogs, calendars, flyers, pamphlets, and posters, as well as personalized mail, smart cards, SIM cards, merchandise vouchers, bank books, and business forms. Dai Nippon Printing also produces packaging for processed foods, toiletries and pharmaceuticals, barrier film for packages, biomass plastic film, PET plastic bottles, and aseptic filling systems, as well as display components such as LCDs, optical films, semiconductor photomasks, hard-disk suspensions, camera modules, near-field communication modules, and electronic paper display systems. The company operates primarily in Japan.

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