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Mitsui Fudosan Co (Mitsui Fudosan Co) Cyclically Adjusted Book per Share : $17.77 (As of Dec. 2023)


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What is Mitsui Fudosan 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.

Mitsui Fudosan Co's adjusted book value per share for the three months ended in Dec. 2023 was $22.802. 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 $17.77 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mitsui Fudosan Co's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Mitsui Fudosan Co was 10.40% per year. The lowest was 7.30% per year. And the median was 8.65% per year.

As of today (2024-06-09), Mitsui Fudosan Co's current stock price is $28.84. Mitsui Fudosan Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $17.77. Mitsui Fudosan Co's Cyclically Adjusted PB Ratio of today is 1.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mitsui Fudosan Co was 3.22. The lowest was 0.90. And the median was 1.56.


Mitsui Fudosan Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mitsui Fudosan 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.

Mitsui Fudosan Co Cyclically Adjusted Book per Share Chart

Mitsui Fudosan Co 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 14.98 18.30 17.25 17.69 -

Mitsui Fudosan 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 17.69 16.74 16.56 17.77 -

Competitive Comparison of Mitsui Fudosan Co's Cyclically Adjusted Book per Share

For the Real Estate - Diversified subindustry, Mitsui Fudosan 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.


Mitsui Fudosan Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitsui Fudosan Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mitsui Fudosan 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, Mitsui Fudosan Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=22.802/106.8000*106.8000
=22.802

Current CPI (Dec. 2023) = 106.8000.

Mitsui Fudosan Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 14.189 95.700 15.835
201406 15.999 98.000 17.436
201409 15.769 98.500 17.098
201412 14.765 97.900 16.107
201503 15.742 97.900 17.173
201506 15.347 98.400 16.657
201509 15.738 98.500 17.064
201512 15.758 98.100 17.155
201603 17.236 97.900 18.803
201606 18.189 98.100 19.802
201609 18.906 98.000 20.604
201612 16.924 98.400 18.369
201703 17.797 98.100 19.375
201706 18.465 98.500 20.021
201709 18.827 98.800 20.351
201712 19.042 99.400 20.460
201803 21.050 99.200 22.663
201806 20.591 99.200 22.169
201809 20.422 99.900 21.833
201812 20.391 99.700 21.843
201903 21.469 99.700 22.998
201906 22.333 99.800 23.899
201909 23.215 100.100 24.769
201912 22.868 100.500 24.302
202003 23.051 100.300 24.545
202006 23.286 99.900 24.894
202009 23.447 99.900 25.066
202012 24.989 99.300 26.876
202103 24.452 99.900 26.141
202106 24.217 99.500 25.994
202109 24.909 100.100 26.576
202112 24.468 100.100 26.106
202203 24.824 101.100 26.224
202206 21.710 101.800 22.776
202209 20.906 103.100 21.656
202212 22.475 104.100 23.058
202303 23.258 104.400 23.793
202306 23.027 105.200 23.377
202309 22.018 106.200 22.142
202312 22.802 106.800 22.802

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


Mitsui Fudosan Co  (OTCPK:MTSFY) 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.

Mitsui Fudosan Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=28.84/17.77
=1.62

* 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 Mitsui Fudosan Co was 3.22. The lowest was 0.90. And the median was 1.56.


Be Aware

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


Mitsui Fudosan Co Cyclically Adjusted Book per Share Related Terms

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


Mitsui Fudosan Co (Mitsui Fudosan Co) Business Description

Industry
Traded in Other Exchanges
Address
1-1, Nihonbashi-Muromachi 2-chome, Chuo-ku, Tokyo, JPN, 103-0022
Mitsui Fudosan is one of the three big Japanese real estate companies, together with Mitsubishi Estate and Sumitomo Realty. Although its traditional office district is Nihonbashi, it has developed large office projects across Tokyo, as well as London and New York City. Mitsui Fudosan derives a higher portion of its revenue and profits from retail leasing than Mitsubishi Estate and Sumitomo Realty with an extensive portfolio of urban retail buildings, shopping malls, and outlet parks. It is in the process of expanding the latter two formats across Asia. Like Sumitomo Realty, it is active in condo development and residential real estate brokerage, and its Mitsui Home unit is a second-tier builder of detached houses.

Mitsui Fudosan Co (Mitsui Fudosan Co) Headlines

From GuruFocus

Baron Funds Comments on Mitsui Fudosan

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