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Mitsui Fudosan Co (STU:MFU) Cyclically Adjusted Book per Share : €5.30 (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 €6.970. 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 €5.30 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 €8.80. Mitsui Fudosan Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €5.30. Mitsui Fudosan Co's Cyclically Adjusted PB Ratio of today is 1.66.

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 4.91 4.91 5.14 5.30 -

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 5.30 5.03 5.14 5.30 -

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)
=6.97/106.8000*106.8000
=6.970

Current CPI (Dec. 2023) = 106.8000.

Mitsui Fudosan Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.420 95.700 3.817
201406 3.925 98.000 4.277
201409 4.079 98.500 4.423
201412 3.991 97.900 4.354
201503 4.849 97.900 5.290
201506 4.558 98.400 4.947
201509 4.674 98.500 5.068
201512 4.822 98.100 5.250
201603 5.159 97.900 5.628
201606 5.396 98.100 5.875
201609 5.615 98.000 6.119
201612 5.348 98.400 5.805
201703 5.547 98.100 6.039
201706 5.478 98.500 5.940
201709 5.265 98.800 5.691
201712 5.364 99.400 5.763
201803 5.690 99.200 6.126
201806 5.875 99.200 6.325
201809 5.834 99.900 6.237
201812 5.975 99.700 6.401
201903 6.333 99.700 6.784
201906 6.588 99.800 7.050
201909 7.026 100.100 7.496
201912 6.861 100.500 7.291
202003 6.954 100.300 7.405
202006 6.893 99.900 7.369
202009 6.635 99.900 7.093
202012 6.847 99.300 7.364
202103 6.847 99.900 7.320
202106 6.700 99.500 7.192
202109 7.058 100.100 7.530
202112 7.218 100.100 7.701
202203 7.513 101.100 7.937
202206 6.846 101.800 7.182
202209 7.039 103.100 7.292
202212 7.072 104.100 7.255
202303 7.241 104.400 7.407
202306 7.085 105.200 7.193
202309 6.877 106.200 6.916
202312 6.970 106.800 6.970

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


Mitsui Fudosan Co  (STU:MFU) 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
=8.80/5.3
=1.66

* 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 (STU:MFU) 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.

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