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Komatsu (Komatsu) Cyclically Adjusted Book per Share : $14.20 (As of Mar. 2024)


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What is Komatsu 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.

Komatsu's adjusted book value per share for the three months ended in Mar. 2024 was $21.405. 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 $14.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Komatsu's average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.80% 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 Komatsu was 10.10% per year. The lowest was 7.30% per year. And the median was 8.55% per year.

As of today (2024-06-10), Komatsu's current stock price is $29.17. Komatsu's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $14.20. Komatsu's Cyclically Adjusted PB Ratio of today is 2.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Komatsu was 3.48. The lowest was 1.02. And the median was 1.87.


Komatsu Cyclically Adjusted Book per Share Historical Data

The historical data trend for Komatsu'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.

Komatsu Cyclically Adjusted Book per Share Chart

Komatsu 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 13.89 14.59 14.13 14.62 14.20

Komatsu 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 14.62 13.81 13.58 14.66 14.20

Competitive Comparison of Komatsu's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, Komatsu'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.


Komatsu's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Komatsu's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Komatsu 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, Komatsu'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)
=21.405/107.2000*107.2000
=21.405

Current CPI (Mar. 2024) = 107.2000.

Komatsu Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.123 98.000 15.449
201409 14.268 98.500 15.528
201412 13.512 97.900 14.796
201503 13.476 97.900 14.756
201506 13.373 98.400 14.569
201509 13.629 98.500 14.833
201512 13.501 98.100 14.753
201603 14.254 97.900 15.608
201606 14.243 98.100 15.564
201609 14.874 98.000 16.270
201612 14.191 98.400 15.460
201703 14.807 98.100 16.181
201706 15.293 98.500 16.644
201709 15.876 98.800 17.226
201712 15.817 99.400 17.058
201803 16.640 99.200 17.982
201806 16.341 99.200 17.659
201809 16.810 99.900 18.038
201812 16.221 99.700 17.441
201903 17.306 99.700 18.608
201906 17.413 99.800 18.704
201909 17.608 100.100 18.857
201912 17.508 100.500 18.675
202003 17.419 100.300 18.617
202006 17.353 99.900 18.621
202009 17.814 99.900 19.116
202012 18.344 99.300 19.803
202103 18.614 99.900 19.974
202106 18.567 99.500 20.004
202109 19.185 100.100 20.546
202112 19.179 100.100 20.539
202203 19.917 101.100 21.119
202206 19.309 101.800 20.333
202209 19.022 103.100 19.778
202212 18.873 104.100 19.435
202303 20.093 104.400 20.632
202306 20.341 105.200 20.728
202309 20.487 106.200 20.680
202312 20.824 106.800 20.902
202403 21.405 107.200 21.405

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


Komatsu  (OTCPK:KMTUY) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.17/14.2
=2.05

* 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 Komatsu was 3.48. The lowest was 1.02. And the median was 1.87.


Be Aware

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


Komatsu Cyclically Adjusted Book per Share Related Terms

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


Komatsu (Komatsu) Business Description

Address
3-6 Akasaka 2-chome, Minato-ku, Tokyo, JPN, 107-8414
Komatsu manufactures and sells construction, mining, utility, forestry, and industrial machinery. It also provides related services such as supplying parts, financing, and maintenance. Its major products are hydraulic excavators, bulldozers, wheel loaders, dump trucks, and motor graders, which focus on surface mining and construction. Through its subsidiary, Komatsu Mining (previously Joy Global before being acquired), the company manufactures and sells surface mining equipment like draglines as well as underground mining machinery such as continuous miners and blasthole drills. The company is headquartered in Tokyo.

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