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Murakami (TSE:7292) Cyclically Adjusted Book per Share : 円4,910.18 (As of Dec. 2023)


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What is Murakami 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.

Murakami's adjusted book value per share for the three months ended in Dec. 2023 was 円6,996.487. 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4,910.18 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Murakami'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 Murakami was 10.00% per year. The lowest was 8.80% per year. And the median was 9.10% per year.

As of today (2024-06-07), Murakami's current stock price is 円4660.00. Murakami's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円4,910.18. Murakami's Cyclically Adjusted PB Ratio of today is 0.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Murakami was 1.13. The lowest was 0.52. And the median was 0.74.


Murakami Cyclically Adjusted Book per Share Historical Data

The historical data trend for Murakami'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.

Murakami Cyclically Adjusted Book per Share Chart

Murakami 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 3,400.52 3,672.29 4,044.14 4,529.76 -

Murakami 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 4,529.76 4,650.11 4,787.23 4,910.18 -

Competitive Comparison of Murakami's Cyclically Adjusted Book per Share

For the Auto Parts subindustry, Murakami'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.


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

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

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



Murakami 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, Murakami'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)
=6996.487/106.8000*106.8000
=6,996.487

Current CPI (Dec. 2023) = 106.8000.

Murakami Quarterly Data

Book Value per Share CPI Adj_Book
201403 2,957.373 95.700 3,300.391
201406 2,969.126 98.000 3,235.741
201409 3,049.772 98.500 3,306.758
201412 3,215.780 97.900 3,508.124
201503 3,471.397 97.900 3,786.979
201506 3,541.164 98.400 3,843.458
201509 3,601.340 98.500 3,904.803
201512 3,605.903 98.100 3,925.693
201603 3,607.733 97.900 3,935.709
201606 3,585.685 98.100 3,903.682
201609 3,565.339 98.000 3,885.492
201612 3,634.809 98.400 3,945.098
201703 3,916.665 98.100 4,264.014
201706 3,999.254 98.500 4,336.247
201709 4,105.074 98.800 4,437.469
201712 4,251.684 99.400 4,568.208
201803 4,324.717 99.200 4,656.046
201806 4,350.201 99.200 4,683.483
201809 4,437.452 99.900 4,743.943
201812 4,530.064 99.700 4,852.666
201903 4,573.872 99.700 4,899.594
201906 4,674.727 99.800 5,002.614
201909 4,733.376 100.100 5,050.195
201912 4,796.724 100.500 5,097.414
202003 4,900.201 100.300 5,217.761
202006 4,752.050 99.900 5,080.270
202009 4,812.735 99.900 5,145.146
202012 4,951.572 99.300 5,325.558
202103 5,147.543 99.900 5,503.079
202106 5,331.596 99.500 5,722.758
202109 5,446.848 100.100 5,811.422
202112 5,476.067 100.100 5,842.597
202203 5,625.232 101.100 5,942.382
202206 5,879.086 101.800 6,167.843
202209 6,165.349 103.100 6,386.608
202212 6,251.964 104.100 6,414.119
202303 6,260.189 104.400 6,404.101
202306 6,420.093 105.200 6,517.737
202309 6,816.962 106.200 6,855.476
202312 6,996.487 106.800 6,996.487

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


Murakami  (TSE:7292) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4660.00/4910.18
=0.95

* 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 Murakami was 1.13. The lowest was 0.52. And the median was 0.74.


Be Aware

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


Murakami Cyclically Adjusted Book per Share Related Terms

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


Murakami (TSE:7292) Business Description

Industry
Traded in Other Exchanges
N/A
Address
11-5 Tenma-cho, Aoi-ku, Shizuoka-city, Shizuoka, JPN, 420-8550
Murakami Corp manufactures and sells rear-view mirrors for automobiles and optical thin-film materials. The company offers rear-view mirror products, including hydrophilic clear mirrors, electro-chromic mirrors, aspheric mirrors, powerfold units, actuators, blind spot indicator mirrors, auto powerfold mirrors, exterior rear view mirrors with turn lamps and side cameras, projection lamps, and actuator units for electric vehicle inlet. It also provides opt-electronics solutions covering video equipment, such as dichronic mirrors and filters, UV cut and IR cut filters, bandpass filters, trimming filters, half mirrors for use in projectors, digital cameras. In addition, it offers various components, including projection mirror actuator units, navigation stands, and active spoiler controllers.

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