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Mitsubishi Motors (STU:MMO) Cyclically Adjusted Book per Share : €3.52 (As of Dec. 2023)


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What is Mitsubishi Motors 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.

Mitsubishi Motors's adjusted book value per share for the three months ended in Dec. 2023 was €3.924. 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 €3.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mitsubishi Motors'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 Mitsubishi Motors was 1.60% per year. The lowest was -5.60% per year. And the median was 0.90% per year.

As of today (2024-06-08), Mitsubishi Motors's current stock price is €2.514. Mitsubishi Motors's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €3.52. Mitsubishi Motors's Cyclically Adjusted PB Ratio of today is 0.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mitsubishi Motors was 1.79. The lowest was 0.35. And the median was 0.90.


Mitsubishi Motors Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mitsubishi Motors'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.

Mitsubishi Motors Cyclically Adjusted Book per Share Chart

Mitsubishi Motors 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 4.53 4.12 3.83 3.77 -

Mitsubishi Motors 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 3.77 3.48 3.51 3.52 -

Competitive Comparison of Mitsubishi Motors's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Mitsubishi Motors'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.


Mitsubishi Motors's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsubishi Motors's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Mitsubishi Motors 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, Mitsubishi Motors'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)
=3.924/106.8000*106.8000
=3.924

Current CPI (Dec. 2023) = 106.8000.

Mitsubishi Motors Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.883 95.700 4.333
201406 4.000 98.000 4.359
201409 4.368 98.500 4.736
201412 4.480 97.900 4.887
201503 5.140 97.900 5.607
201506 4.914 98.400 5.333
201509 5.093 98.500 5.522
201512 5.320 98.100 5.792
201603 5.427 97.900 5.920
201606 4.371 98.100 4.759
201609 3.658 98.000 3.986
201612 3.711 98.400 4.028
201703 3.837 98.100 4.177
201706 3.792 98.500 4.112
201709 3.734 98.800 4.036
201712 3.775 99.400 4.056
201803 4.009 99.200 4.316
201806 4.091 99.200 4.404
201809 4.185 99.900 4.474
201812 4.251 99.700 4.554
201903 4.666 99.700 4.998
201906 4.712 99.800 5.043
201909 4.801 100.100 5.122
201912 4.585 100.500 4.872
202003 4.366 100.300 4.649
202006 3.353 99.900 3.585
202009 3.053 99.900 3.264
202012 2.859 99.300 3.075
202103 2.640 99.900 2.822
202106 2.576 99.500 2.765
202109 2.685 100.100 2.865
202112 2.890 100.100 3.083
202203 3.124 101.100 3.300
202206 3.216 101.800 3.374
202209 3.462 103.100 3.586
202212 3.594 104.100 3.687
202303 3.761 104.400 3.847
202306 3.807 105.200 3.865
202309 3.816 106.200 3.838
202312 3.924 106.800 3.924

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


Mitsubishi Motors  (STU:MMO) 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.

Mitsubishi Motors's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.514/3.52
=0.71

* 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 Mitsubishi Motors was 1.79. The lowest was 0.35. And the median was 0.90.


Be Aware

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


Mitsubishi Motors Cyclically Adjusted Book per Share Related Terms

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


Mitsubishi Motors (STU:MMO) Business Description

Traded in Other Exchanges
Address
5-33-8, Shiba, Minato - ku, Tokyo, JPN, 108-8410
Mitsubishi Motors is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: automobile business and automobile financing business. The company derives the vast majority of company revenue from the automotive business. Geographically, the company is separated into five regions: Japan, North America, Europe, Asia (excluding Japan), and other. With more than half of its products manufactures in Japan where it also generates the majority of its consolidated revenue, followed by Asia, and North America.

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