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ITO EN (ITO EN) Cyclically Adjusted Book per Share : $8.51 (As of Jan. 2024)


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What is ITO EN 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.

ITO EN's adjusted book value per share for the three months ended in Jan. 2024 was $10.237. 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 $8.51 for the trailing ten years ended in Jan. 2024.

During the past 12 months, ITO EN's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.60% 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 ITO EN was 4.40% per year. The lowest was 2.50% per year. And the median was 2.90% per year.

As of today (2024-06-09), ITO EN's current stock price is $28.685. ITO EN's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $8.51. ITO EN's Cyclically Adjusted PB Ratio of today is 3.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ITO EN was 7.44. The lowest was 2.87. And the median was 4.96.


ITO EN Cyclically Adjusted Book per Share Historical Data

The historical data trend for ITO EN'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.

ITO EN Cyclically Adjusted Book per Share Chart

ITO EN Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.91 10.43 9.86 13.04 9.40

ITO EN Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 8.52 9.40 9.40 8.01 8.51

Competitive Comparison of ITO EN's Cyclically Adjusted Book per Share

For the Beverages - Non-Alcoholic subindustry, ITO EN'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.


ITO EN's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ITO EN 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, ITO EN's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=10.237/106.9000*106.9000
=10.237

Current CPI (Jan. 2024) = 106.9000.

ITO EN Quarterly Data

Book Value per Share CPI Adj_Book
201404 9.527 97.700 10.424
201407 9.571 98.100 10.430
201410 9.331 98.200 10.158
201501 8.399 97.800 9.181
201504 8.641 98.400 9.387
201507 8.367 98.300 9.099
201510 8.770 98.500 9.518
201601 8.787 97.700 9.614
201604 9.383 98.100 10.225
201607 9.792 97.900 10.692
201610 10.214 98.600 11.074
201701 9.486 98.200 10.326
201704 10.055 98.500 10.912
201707 9.954 98.300 10.825
201710 10.359 98.800 11.208
201801 10.345 99.500 11.114
201804 10.849 99.100 11.703
201807 10.489 99.200 11.303
201810 10.761 100.200 11.481
201901 10.965 99.700 11.757
201904 11.033 100.000 11.794
201907 11.267 99.800 12.069
201910 11.694 100.400 12.451
202001 11.546 100.500 12.281
202004 11.367 100.200 12.127
202007 11.424 100.000 12.212
202010 11.800 99.800 12.639
202101 11.882 99.800 12.727
202104 11.490 99.100 12.394
202107 11.480 99.700 12.309
202110 11.479 99.900 12.283
202201 11.311 100.300 12.055
202204 10.581 101.500 11.144
202207 9.917 102.300 10.363
202210 9.526 103.700 9.820
202301 10.586 104.700 10.808
202304 10.571 105.100 10.752
202307 10.315 105.700 10.432
202310 10.025 107.100 10.006
202401 10.237 106.900 10.237

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


ITO EN  (OTCPK:ITOEF) 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.

ITO EN's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=28.685/8.51
=3.37

* 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 ITO EN was 7.44. The lowest was 2.87. And the median was 4.96.


Be Aware

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


ITO EN Cyclically Adjusted Book per Share Related Terms

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


ITO EN (ITO EN) Business Description

Traded in Other Exchanges
Address
47-10, Honmachi 3-chome, Shibuya-ku, Tokyo, JPN, 151-8550
ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.

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