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Ibiden Co (TSE:4062) Cyclically Adjusted Book per Share : 円2,513.58 (As of Dec. 2023)


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What is Ibiden 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.

Ibiden Co's adjusted book value per share for the three months ended in Dec. 2023 was 円3,304.814. 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2,513.58 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Ibiden Co's average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.20% 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 Ibiden Co was 3.80% per year. The lowest was 0.50% per year. And the median was 1.60% per year.

As of today (2024-04-27), Ibiden Co's current stock price is 円6052.00. Ibiden Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円2,513.58. Ibiden Co's Cyclically Adjusted PB Ratio of today is 2.41.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ibiden Co was 3.59. The lowest was 0.62. And the median was 1.91.


Ibiden Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ibiden 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.

Ibiden Co Cyclically Adjusted Book per Share Chart

Ibiden 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 2,135.84 2,145.69 2,157.56 2,240.36 2,398.05

Ibiden 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 2,372.96 2,398.05 2,436.70 2,482.28 2,513.58

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

For the Electronic Components subindustry, Ibiden 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.


Ibiden Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Ibiden 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, Ibiden 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)
=3304.814/106.8000*106.8000
=3,304.814

Current CPI (Dec. 2023) = 106.8000.

Ibiden Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 2,308.487 95.700 2,576.243
201406 2,302.729 98.000 2,509.505
201409 2,409.445 98.500 2,612.474
201412 2,595.900 97.900 2,831.891
201503 2,578.832 97.900 2,813.271
201506 2,626.947 98.400 2,851.199
201509 2,601.217 98.500 2,820.406
201512 2,669.625 98.100 2,906.381
201603 2,459.619 97.900 2,683.221
201606 2,237.455 98.100 2,435.884
201609 1,924.272 98.000 2,097.064
201612 1,981.463 98.400 2,150.612
201703 1,927.517 98.100 2,098.459
201706 2,048.693 98.500 2,221.324
201709 2,122.160 98.800 2,293.995
201712 2,165.968 99.400 2,327.217
201803 2,012.604 99.200 2,166.795
201806 2,006.434 99.200 2,160.153
201809 2,064.358 99.900 2,206.941
201812 1,931.805 99.700 2,069.376
201903 1,938.571 99.700 2,076.624
201906 1,922.017 99.800 2,056.828
201909 1,914.960 100.100 2,043.134
201912 1,970.363 100.500 2,093.878
202003 1,920.178 100.300 2,044.616
202006 1,957.133 99.900 2,092.310
202009 2,024.711 99.900 2,164.556
202012 2,132.743 99.300 2,293.826
202103 2,262.980 99.900 2,419.282
202106 2,322.299 99.500 2,492.679
202109 2,416.347 100.100 2,578.081
202112 2,542.815 100.100 2,713.013
202203 2,611.419 101.100 2,758.650
202206 2,788.852 101.800 2,925.829
202209 2,932.661 103.100 3,037.907
202212 2,906.417 104.100 2,981.800
202303 3,002.084 104.400 3,071.097
202306 3,175.232 105.200 3,223.525
202309 3,319.494 106.200 3,338.248
202312 3,304.814 106.800 3,304.814

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


Ibiden Co  (TSE:4062) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6052.00/2513.58
=2.41

* 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 Ibiden Co was 3.59. The lowest was 0.62. And the median was 1.91.


Be Aware

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


Ibiden Co Cyclically Adjusted Book per Share Related Terms

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


Ibiden Co (TSE:4062) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ibiden Co Ltd (TSE:4062) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
2-1 Kanda-cho, Ogaki, Gifu, JPN, 503-8604
Ibiden Company Limited is a provider of electronic and ceramic products. The company operates through three segments: ceramic, electron and other. The ceramic segment, which contributes the largest portion of revenue, provides environment-related ceramics products, graphite and specialty products, ceramic fibre, and fine ceramics products. Electron, the next- largest segment, offers package substrates in computers, information technology infrastructure, mobile device wiring boards, mobile devices and home appliances. The other segment includes the processing of agriculture, livestock and fisheries, the sale of oil products and synthetic resin production. The company is headquartered in Japan and generates the majority of revenue in Asia.

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