GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Altech Corp (TSE:4641) » Definitions » Cyclically Adjusted Book per Share

Altech (TSE:4641) Cyclically Adjusted Book per Share : 円604.88 (As of Mar. 2024)


View and export this data going back to 2000. Start your Free Trial

What is Altech 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.

Altech's adjusted book value per share for the three months ended in Mar. 2024 was 円848.536. 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604.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Altech's average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.00% 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 Altech was 9.90% per year. The lowest was 6.20% per year. And the median was 7.90% per year.

As of today (2024-06-01), Altech's current stock price is 円2553.00. Altech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円604.88. Altech's Cyclically Adjusted PB Ratio of today is 4.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Altech was 5.84. The lowest was 3.00. And the median was 4.33.


Altech Cyclically Adjusted Book per Share Historical Data

The historical data trend for Altech'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.

Altech Cyclically Adjusted Book per Share Chart

Altech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 426.41 445.49 480.36 535.92 591.65

Altech 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 547.48 561.78 577.40 591.65 604.88

Competitive Comparison of Altech's Cyclically Adjusted Book per Share

For the Staffing & Employment Services subindustry, Altech'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.


Altech's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Altech's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Altech 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, Altech'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)
=848.536/107.2000*107.2000
=848.536

Current CPI (Mar. 2024) = 107.2000.

Altech Quarterly Data

Book Value per Share CPI Adj_Book
201406 373.566 98.000 408.635
201409 381.423 98.500 415.112
201412 400.902 97.900 438.986
201503 390.453 97.900 427.544
201506 406.484 98.400 442.836
201509 401.708 98.500 437.189
201512 427.822 98.100 467.508
201603 427.638 97.900 468.261
201606 439.160 98.100 479.898
201609 451.419 98.000 493.797
201612 481.553 98.400 524.619
201703 482.529 98.100 527.290
201706 500.948 98.500 545.194
201709 502.917 98.800 545.675
201712 546.029 99.400 588.876
201803 540.690 99.200 584.294
201806 464.559 99.200 502.023
201809 460.386 99.900 494.028
201812 506.534 99.700 544.638
201903 501.191 99.700 538.893
201906 577.968 99.800 620.823
201909 525.383 100.100 562.648
201912 579.623 100.500 618.265
202003 529.299 100.300 565.711
202006 572.855 99.900 614.715
202009 579.009 99.900 621.319
202012 622.213 99.300 671.714
202103 627.448 99.900 673.298
202106 665.572 99.500 717.079
202109 668.717 100.100 716.148
202112 711.481 100.100 761.946
202203 683.641 101.100 724.889
202206 727.197 101.800 765.771
202209 731.159 103.100 760.235
202212 778.676 104.100 801.864
202303 791.025 104.400 812.240
202306 802.187 105.200 817.438
202309 788.128 106.200 795.549
202312 846.620 106.800 849.791
202403 848.536 107.200 848.536

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


Altech  (TSE:4641) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2553.00/604.88
=4.22

* 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 Altech was 5.84. The lowest was 3.00. And the median was 4.33.


Be Aware

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


Altech Cyclically Adjusted Book per Share Related Terms

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


Altech (TSE:4641) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2-3-5 Minato Mirai, Queen's Tower C, 18th Floor, Nishi-ku, Yokohama-shi, Kanagawa, JPN, 220-6218
Altech Corp provides companies with professional outsourced staff to accomplish their specified technical tasks. The company offers temporary employment dispatching engineer, superior technical services in customer product development and design field, and others.

Altech (TSE:4641) Headlines

No Headlines