GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » T Hasegawa Co Ltd (OTCPK:HASGF) » Definitions » Cyclically Adjusted Book per Share

T Hasegawa Co (T Hasegawa Co) Cyclically Adjusted Book per Share : $15.58 (As of Mar. 2024)


View and export this data going back to 2014. Start your Free Trial

What is T Hasegawa 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.

T Hasegawa Co's adjusted book value per share for the three months ended in Mar. 2024 was $19.274. 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 $15.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, T Hasegawa Co's average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.50% 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 T Hasegawa Co was 6.60% per year. The lowest was 4.20% per year. And the median was 5.40% per year.

As of today (2024-06-09), T Hasegawa Co's current stock price is $19.815. T Hasegawa Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.58. T Hasegawa Co's Cyclically Adjusted PB Ratio of today is 1.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of T Hasegawa Co was 1.60. The lowest was 0.86. And the median was 1.26.


T Hasegawa Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for T Hasegawa 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.

T Hasegawa Co Cyclically Adjusted Book per Share Chart

T Hasegawa Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.81 18.81 15.56 14.13 14.93

T Hasegawa 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 14.75 13.01 14.93 14.89 15.58

Competitive Comparison of T Hasegawa Co's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, T Hasegawa 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.


T Hasegawa Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, T Hasegawa Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where T Hasegawa Co's Cyclically Adjusted PB Ratio falls into.



T Hasegawa 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, T Hasegawa 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)
=19.274/107.2000*107.2000
=19.274

Current CPI (Mar. 2024) = 107.2000.

T Hasegawa Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.807 98.000 18.385
201409 16.354 98.500 17.798
201412 15.100 97.900 16.534
201503 15.492 97.900 16.964
201506 15.309 98.400 16.678
201509 15.583 98.500 16.959
201512 15.604 98.100 17.051
201603 16.761 97.900 18.353
201606 17.756 98.100 19.403
201609 18.511 98.000 20.249
201612 16.730 98.400 18.226
201703 17.478 98.100 19.099
201706 18.277 98.500 19.891
201709 18.623 98.800 20.206
201712 18.742 99.400 20.213
201803 20.078 99.200 21.697
201806 19.849 99.200 21.450
201809 19.881 99.900 21.334
201812 19.354 99.700 20.810
201903 20.104 99.700 21.616
201906 20.385 99.800 21.897
201909 20.267 100.100 21.705
201912 20.302 100.500 21.655
202003 20.395 100.300 21.798
202006 20.674 99.900 22.185
202009 21.057 99.900 22.596
202012 21.571 99.300 23.287
202103 21.455 99.900 23.023
202106 21.428 99.500 23.086
202109 21.711 100.100 23.251
202112 21.033 100.100 22.525
202203 21.001 101.100 22.268
202206 19.527 101.800 20.563
202209 18.830 103.100 19.579
202212 19.314 104.100 19.889
202303 19.897 104.400 20.431
202306 19.507 105.200 19.878
202309 19.121 106.200 19.301
202312 19.241 106.800 19.313
202403 19.274 107.200 19.274

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


T Hasegawa Co  (OTCPK:HASGF) 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.

T Hasegawa Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.815/15.58
=1.27

* 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 T Hasegawa Co was 1.60. The lowest was 0.86. And the median was 1.26.


Be Aware

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


T Hasegawa Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of T Hasegawa Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


T Hasegawa Co (T Hasegawa Co) Business Description

Industry
Traded in Other Exchanges
Address
4-4-14, Nihonbashi-honcho, Chuo-ku, Tokyo, JPN, 103-8431
T Hasegawa Co Ltd manufactures and sells flavors and fragrances in two segments based on product type. The flavors segment, which generates the majority of revenue, sells flavors used in beverages, desserts, confectioneries, chewing gum, dental cleaning products, and animal feed. The fragrances segment sells fragrances used in perfumes, skin-care and hair-care products, bath additives, detergents, fabric softeners, and air fresheners. The majority of revenue comes from Japan.

T Hasegawa Co (T Hasegawa Co) Headlines

From GuruFocus

Tweedy Browne Global Value Fund Trims T Hasegawa

By Kyle Ferguson Kyle Ferguson 08-18-2016