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GREE (GREZF) Cyclically Adjusted Book per Share : $6.69 (As of Mar. 2024)


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What is GREE 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.

GREE's adjusted book value per share for the three months ended in Mar. 2024 was $3.668. 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 $6.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GREE's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.40% 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 GREE was 9.50% per year. The lowest was 7.10% per year. And the median was 9.10% per year.

As of today (2024-06-08), GREE's current stock price is $6.20. GREE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.69. GREE's Cyclically Adjusted PB Ratio of today is 0.93.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GREE was 2.62. The lowest was 0.87. And the median was 1.35.


GREE Cyclically Adjusted Book per Share Historical Data

The historical data trend for GREE'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.

GREE Cyclically Adjusted Book per Share Chart

GREE Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.07 3.63 3.27 4.79 4.96

GREE 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 4.54 4.96 5.39 5.66 6.69

Competitive Comparison of GREE's Cyclically Adjusted Book per Share

For the Electronic Gaming & Multimedia subindustry, GREE'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.


GREE's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, GREE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



GREE 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, GREE'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)
=3.668/107.2000*107.2000
=3.668

Current CPI (Mar. 2024) = 107.2000.

GREE Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.739 98.000 5.184
201409 4.514 98.500 4.913
201412 3.867 97.900 4.234
201503 3.771 97.900 4.129
201506 3.288 98.400 3.582
201509 3.379 98.500 3.677
201512 3.425 98.100 3.743
201603 3.782 97.900 4.141
201606 4.154 98.100 4.539
201609 4.579 98.000 5.009
201612 4.081 98.400 4.446
201703 4.229 98.100 4.621
201706 4.214 98.500 4.586
201709 4.188 98.800 4.544
201712 4.195 99.400 4.524
201803 4.558 99.200 4.926
201806 4.357 99.200 4.708
201809 4.239 99.900 4.549
201812 4.244 99.700 4.563
201903 4.328 99.700 4.654
201906 4.446 99.800 4.776
201909 4.512 100.100 4.832
201912 4.560 100.500 4.864
202003 4.692 100.300 5.015
202006 4.632 99.900 4.970
202009 4.711 99.900 5.055
202012 4.975 99.300 5.371
202103 5.055 99.900 5.424
202106 5.175 99.500 5.575
202109 5.207 100.100 5.576
202112 4.421 100.100 4.735
202203 4.331 101.100 4.592
202206 3.916 101.800 4.124
202209 3.607 103.100 3.750
202212 3.655 104.100 3.764
202303 3.759 104.400 3.860
202306 3.834 105.200 3.907
202309 3.661 106.200 3.695
202312 3.736 106.800 3.750
202403 3.668 107.200 3.668

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


GREE  (OTCPK:GREZF) 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.

GREE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.20/6.69
=0.93

* 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 GREE was 2.62. The lowest was 0.87. And the median was 1.35.


Be Aware

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


GREE Cyclically Adjusted Book per Share Related Terms

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


GREE (GREZF) Business Description

Traded in Other Exchanges
Address
10-1, Roppongi 6-Chome, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN
Gree is a Japanese internet media company headquartered in Tokyo. Its business is divided into games, media, advertising, and investment. The games division provides games internationally via the App Store and Google Play from the company's studios in Japan and North America. The media segment is engaged in a variety of IT businesses, including services and media. The advertising segment targets mainly the smartphone advertising market. The company has investments in Internet technology services companies in Japan, North America, and Southeast Asia.

GREE (GREZF) Headlines

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