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Konica Minolta (FRA:KPI1) Cyclically Adjusted Book per Share : €6.76 (As of Mar. 2024)


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What is Konica Minolta 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.

Konica Minolta's adjusted book value per share for the three months ended in Mar. 2024 was €6.704. 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 €6.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Konica Minolta's average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.30% 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 Konica Minolta was 5.50% per year. The lowest was 2.60% per year. And the median was 3.70% per year.

As of today (2024-05-31), Konica Minolta's current stock price is €2.625. Konica Minolta's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.76. Konica Minolta's Cyclically Adjusted PB Ratio of today is 0.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Konica Minolta was 1.76. The lowest was 0.26. And the median was 0.72.


Konica Minolta Cyclically Adjusted Book per Share Historical Data

The historical data trend for Konica Minolta'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.

Konica Minolta Cyclically Adjusted Book per Share Chart

Konica Minolta 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 8.73 7.74 7.69 7.52 6.76

Konica Minolta 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 7.52 6.97 7.01 7.09 6.76

Competitive Comparison of Konica Minolta's Cyclically Adjusted Book per Share

For the Business Equipment & Supplies subindustry, Konica Minolta'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.


Konica Minolta's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Konica Minolta 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, Konica Minolta'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)
=6.704/107.2000*107.2000
=6.704

Current CPI (Mar. 2024) = 107.2000.

Konica Minolta Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.537 98.000 7.151
201409 7.005 98.500 7.624
201412 6.856 97.900 7.507
201503 8.196 97.900 8.975
201506 7.709 98.400 8.398
201509 7.918 98.500 8.617
201512 8.039 98.100 8.785
201603 8.254 97.900 9.038
201606 8.234 98.100 8.998
201609 8.563 98.000 9.367
201612 8.598 98.400 9.367
201703 8.760 98.100 9.573
201706 8.509 98.500 9.261
201709 8.300 98.800 9.006
201712 7.969 99.400 8.594
201803 8.112 99.200 8.766
201806 8.388 99.200 9.064
201809 8.578 99.900 9.205
201812 8.655 99.700 9.306
201903 8.945 99.700 9.618
201906 8.831 99.800 9.486
201909 8.993 100.100 9.631
201912 8.892 100.500 9.485
202003 8.895 100.300 9.507
202006 8.359 99.900 8.970
202009 8.024 99.900 8.610
202012 7.865 99.300 8.491
202103 8.454 99.900 9.072
202106 8.190 99.500 8.824
202109 8.043 100.100 8.613
202112 7.986 100.100 8.552
202203 8.528 101.100 9.043
202206 8.153 101.800 8.585
202209 8.460 103.100 8.796
202212 8.003 104.100 8.241
202303 6.896 104.400 7.081
202306 6.699 105.200 6.826
202309 6.675 106.200 6.738
202312 6.539 106.800 6.563
202403 6.704 107.200 6.704

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


Konica Minolta  (FRA:KPI1) 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.

Konica Minolta's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.625/6.76
=0.39

* 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 Konica Minolta was 1.76. The lowest was 0.26. And the median was 0.72.


Be Aware

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


Konica Minolta Cyclically Adjusted Book per Share Related Terms

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


Konica Minolta (FRA:KPI1) Business Description

Industry
Traded in Other Exchanges
Address
JP Tower, 2-7-2 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-7015
Konica Minolta is a Japanese equipment and material manufacturer that operates globally, generating most of its revenue in Europe, North America and Japan. The company is divided into the office, professional print, healthcare, and the industrial segments. The office business (which includes office tools such as printers as well as IT solutions) is the biggest contributor to revenue, followed by the professional print business (which includes commercial and industrial print systems). The industrial business focuses on development, manufacture, and sales of performance materials and optical systems for industrial use. The healthcare segment provides X-ray diagnostics systems, ultrasound diagnostics tools, and medical IT services.

Konica Minolta (FRA:KPI1) Headlines

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