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Adways (TSE:2489) Cyclically Adjusted Book per Share : 円339.57 (As of Mar. 2024)


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What is Adways 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.

Adways's adjusted book value per share for the three months ended in Mar. 2024 was 円365.999. 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 円339.57 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Adways's average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.30% 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 Adways was 11.30% per year. The lowest was 8.00% per year. And the median was 9.65% per year.

As of today (2024-06-01), Adways's current stock price is 円387.00. Adways's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円339.57. Adways's Cyclically Adjusted PB Ratio of today is 1.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Adways was 3.96. The lowest was 0.85. And the median was 2.11.


Adways Cyclically Adjusted Book per Share Historical Data

The historical data trend for Adways'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.

Adways Cyclically Adjusted Book per Share Chart

Adways Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 206.25 225.84 240.29 260.01 311.27

Adways 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 318.30 326.50 334.86 337.22 339.57

Competitive Comparison of Adways's Cyclically Adjusted Book per Share

For the Internet Content & Information subindustry, Adways'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.


Adways's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Adways's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Adways 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, Adways'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)
=365.999/107.2000*107.2000
=365.999

Current CPI (Mar. 2024) = 107.2000.

Adways Quarterly Data

Book Value per Share CPI Adj_Book
201406 289.419 98.000 316.589
201409 330.359 98.500 359.538
201412 346.903 97.900 379.857
201503 311.940 97.900 341.573
201506 343.626 98.400 374.357
201509 346.996 98.500 377.644
201512 342.402 98.100 374.164
201603 303.678 97.900 332.526
201606 293.987 98.100 321.258
201609 284.905 98.000 311.651
201612 286.635 98.400 312.269
201703 282.056 98.100 308.220
201706 277.083 98.500 301.556
201709 278.447 98.800 302.121
201712 276.658 99.400 298.368
201803 281.175 99.200 303.850
201806 281.290 99.200 303.975
201809 282.339 99.900 302.970
201812 284.763 99.700 306.184
201903 293.763 99.700 315.862
201906 283.093 99.800 304.084
201909 284.785 100.100 304.985
201912 291.624 100.500 311.066
202003 295.886 100.300 316.241
202006 298.819 99.900 320.655
202009 308.714 99.900 331.273
202012 327.408 99.300 353.456
202103 287.804 99.900 308.835
202106 286.011 99.500 308.145
202109 297.252 100.100 318.336
202112 0.000 100.100 0.000
202203 344.457 101.100 365.240
202206 390.094 101.800 410.787
202209 428.324 103.100 445.357
202212 404.618 104.100 416.667
202303 387.719 104.400 398.118
202306 376.848 105.200 384.012
202309 363.396 106.200 366.818
202312 367.314 106.800 368.690
202403 365.999 107.200 365.999

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


Adways  (TSE:2489) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=387.00/339.57
=1.14

* 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 Adways was 3.96. The lowest was 0.85. And the median was 2.11.


Be Aware

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


Adways Cyclically Adjusted Book per Share Related Terms

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


Adways (TSE:2489) Business Description

Traded in Other Exchanges
Address
Sumitomo Fudousan Shinjuku OakTower 4th floor, Tokyo, JPN
Adways Inc engages in the provision of advertising services. It also deals with mobile applications and contents development for media advertising. Its operations include advertising business, applications and media business, overseas business. The advertising business covers primarily internet advertisements. The applications and media business develops and manages smartphone applications and media contents. The overseas business offers internet marketing services overseas.

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