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ASKUL (TSE:2678) Cyclically Adjusted Book per Share : 円566.60 (As of Feb. 2024)


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What is ASKUL 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.

ASKUL's adjusted book value per share for the three months ended in Feb. 2024 was 円788.442. 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566.60 for the trailing ten years ended in Feb. 2024.

During the past 12 months, ASKUL's average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.50% 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 ASKUL was 5.40% per year. The lowest was 3.30% per year. And the median was 5.00% per year.

As of today (2024-05-28), ASKUL's current stock price is 円2246.00. ASKUL's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was 円566.60. ASKUL's Cyclically Adjusted PB Ratio of today is 3.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ASKUL was 4.98. The lowest was 2.30. And the median was 3.46.


ASKUL Cyclically Adjusted Book per Share Historical Data

The historical data trend for ASKUL'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.

ASKUL Cyclically Adjusted Book per Share Chart

ASKUL Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 452.58 467.71 487.83 523.17 547.38

ASKUL Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 539.81 547.38 553.68 561.49 566.60

Competitive Comparison of ASKUL's Cyclically Adjusted Book per Share

For the Internet Retail subindustry, ASKUL'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.


ASKUL's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ASKUL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ASKUL 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, ASKUL's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=788.442/106.9000*106.9000
=788.442

Current CPI (Feb. 2024) = 106.9000.

ASKUL Quarterly Data

Book Value per Share CPI Adj_Book
201405 527.942 98.100 575.301
201408 524.168 98.300 570.026
201411 530.230 97.900 578.974
201502 535.638 97.600 586.677
201505 551.481 98.700 597.298
201508 454.228 98.400 493.465
201511 450.435 98.100 490.841
201602 455.432 97.800 497.809
201605 492.552 98.200 536.189
201608 489.729 97.900 534.750
201611 483.245 98.600 523.924
201702 406.195 98.100 442.632
201705 452.667 98.600 490.772
201708 449.838 98.500 488.200
201711 478.014 99.100 515.638
201802 481.717 99.500 517.543
201805 482.417 99.300 519.339
201808 471.254 99.800 504.780
201811 483.055 100.000 516.386
201902 481.927 99.700 516.730
201905 474.385 100.000 507.118
201908 475.952 100.000 508.793
201911 488.486 100.500 519.594
202002 498.501 100.300 531.304
202005 513.745 100.100 548.645
202008 519.711 100.100 555.016
202011 541.224 99.500 581.476
202102 560.328 99.800 600.191
202105 573.514 99.400 616.787
202108 579.437 99.700 621.282
202111 603.160 100.100 644.134
202202 586.625 100.700 622.743
202205 582.430 101.800 611.609
202208 585.878 102.700 609.838
202211 612.785 103.900 630.479
202302 629.717 104.000 647.276
202305 658.171 105.100 669.443
202308 657.904 105.900 664.117
202311 688.529 106.900 688.529
202402 788.442 106.900 788.442

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


ASKUL  (TSE:2678) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2246.00/566.6
=3.96

* 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 ASKUL was 4.98. The lowest was 2.30. And the median was 3.46.


Be Aware

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


ASKUL Cyclically Adjusted Book per Share Related Terms

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


ASKUL (TSE:2678) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3-2-3 Toyosu Koto Ward, Toyosu Cubic Garden, 11 Floor, Koto-ku, Tokyo, JPN, 135-0061
ASKUL Corp is a Japanese company mainly offering office products and accessories. The business has two main segments: the office-related products and other delivery. The office-related product segment consists of personal computer and accessories, office supplies, and furniture. The other delivery segment provides cargo transportation services for corporations.

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