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Origin Co (TSE:6513) Cyclically Adjusted Book per Share : 円3,731.80 (As of Dec. 2023)


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What is Origin 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.

Origin Co's adjusted book value per share for the three months ended in Dec. 2023 was 円4,303.740. 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3,731.80 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Origin Co's average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.90% 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 Origin Co was 5.80% per year. The lowest was 3.80% per year. And the median was 4.70% per year.

As of today (2024-06-09), Origin Co's current stock price is 円1311.00. Origin Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円3,731.80. Origin Co's Cyclically Adjusted PB Ratio of today is 0.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Origin Co was 0.90. The lowest was 0.31. And the median was 0.43.


Origin Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Origin 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.

Origin Co Cyclically Adjusted Book per Share Chart

Origin Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,849.35 2,992.61 3,091.16 3,271.57 3,540.80

Origin Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3,494.13 3,540.80 3,604.71 3,675.85 3,731.80

Competitive Comparison of Origin Co's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, Origin 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.


Origin Co's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Origin Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Origin 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, Origin 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)
=4303.74/106.8000*106.8000
=4,303.740

Current CPI (Dec. 2023) = 106.8000.

Origin Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 2,663.188 95.700 2,972.084
201406 2,907.424 98.000 3,168.499
201409 3,001.594 98.500 3,254.520
201412 3,153.945 97.900 3,440.667
201503 3,436.065 97.900 3,748.435
201506 3,496.825 98.400 3,795.334
201509 3,500.575 98.500 3,795.547
201512 3,508.394 98.100 3,819.536
201603 3,443.058 97.900 3,756.063
201606 3,298.481 98.100 3,591.007
201609 3,029.171 98.000 3,301.178
201612 3,116.040 98.400 3,382.043
201703 3,180.725 98.100 3,462.808
201706 3,229.950 98.500 3,502.118
201709 3,237.753 98.800 3,499.919
201712 3,359.898 99.400 3,610.031
201803 3,411.131 99.200 3,672.468
201806 3,343.439 99.200 3,599.590
201809 3,523.147 99.900 3,766.487
201812 3,481.537 99.700 3,729.470
201903 3,533.259 99.700 3,784.875
201906 3,541.244 99.800 3,789.628
201909 3,554.433 100.100 3,792.342
201912 3,573.207 100.500 3,797.199
202003 3,498.445 100.300 3,725.164
202006 3,345.418 99.900 3,576.483
202009 3,253.420 99.900 3,478.131
202012 3,273.462 99.300 3,520.702
202103 3,414.565 99.900 3,650.406
202106 3,464.942 99.500 3,719.154
202109 3,588.592 100.100 3,828.787
202112 3,613.257 100.100 3,855.103
202203 3,843.734 101.100 4,060.443
202206 4,032.559 101.800 4,230.622
202209 4,175.761 103.100 4,325.619
202212 4,141.825 104.100 4,249.250
202303 4,106.292 104.400 4,200.690
202306 4,188.786 105.200 4,252.494
202309 4,239.366 106.200 4,263.317
202312 4,303.740 106.800 4,303.740

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


Origin Co  (TSE:6513) 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.

Origin Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1311.00/3731.8
=0.35

* 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 Origin Co was 0.90. The lowest was 0.31. And the median was 0.43.


Be Aware

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


Origin Co Cyclically Adjusted Book per Share Related Terms

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


Origin Co (TSE:6513) Business Description

Industry
Traded in Other Exchanges
N/A
Address
11-2, Shintoshin, Chuo-ku, Saitama-ken, Land Axis Tower 13th Floor, Saitama-shi, JPN, 330-6013
Origin Co Ltd is engaged in manufacturing and sales of power equipment, semiconductor devices, precision mechanical parts, system equipment and synthetic resin paints. Its business activities are divided into four divisions including Electronic, Chemitronics, Mechatronics and Components. The Electronics division promotes technological development of power supply equipment. Chemitronics division develops environmentally-friendly paints, water-based paints, benzene, solvent-based paints without toluene and xylene. The Mechatronics division develops cap sealer for semiconductor, vacuum soldering system, among others. Components division is engaged in the development of semiconductor power device technology and the development of original custom made precision mechanical parts.

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