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Maxell (FRA:0H2) Cyclically Adjusted PB Ratio : 0.68 (As of May. 24, 2024)


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What is Maxell Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Maxell's current share price is €9.15. Maxell's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €13.42. Maxell's Cyclically Adjusted PB Ratio for today is 0.68.

The historical rank and industry rank for Maxell's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:0H2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.68   Max: 0.78
Current: 0.72

During the past years, Maxell's highest Cyclically Adjusted PB Ratio was 0.78. The lowest was 0.54. And the median was 0.68.

FRA:0H2's Cyclically Adjusted PB Ratio is ranked better than
79.71% of 1868 companies
in the Hardware industry
Industry Median: 1.66 vs FRA:0H2: 0.72

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.

Maxell's adjusted book value per share data for the three months ended in Dec. 2023 was €12.301. 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 €13.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxell Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Maxell's Cyclically Adjusted PB Ratio 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.

Maxell Cyclically Adjusted PB Ratio Chart

Maxell Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.68 0.58 0.72 -

Maxell Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.72 0.74 0.77 0.72 -

Competitive Comparison of Maxell's Cyclically Adjusted PB Ratio

For the Consumer Electronics subindustry, Maxell'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.


Maxell's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Maxell Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Maxell's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.15/13.42
=0.68

* 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.

Maxell's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Maxell'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)
=12.301/106.8000*106.8000
=12.301

Current CPI (Dec. 2023) = 106.8000.

Maxell Quarterly Data

Book Value per Share CPI Adj_Book
201403 14.816 95.700 16.534
201406 14.734 98.000 16.057
201409 15.209 98.500 16.491
201412 14.114 97.900 15.397
201503 16.971 97.900 18.514
201506 15.990 98.400 17.355
201509 16.473 98.500 17.861
201512 16.728 98.100 18.212
201603 16.869 97.900 18.403
201606 17.262 98.100 18.793
201609 18.061 98.000 19.683
201612 17.578 98.400 19.079
201703 18.243 98.100 19.861
201706 17.819 98.500 19.320
201709 17.366 98.800 18.772
201712 17.473 99.400 18.774
201803 17.515 99.200 18.857
201806 17.770 99.200 19.131
201809 17.672 99.900 18.893
201812 17.853 99.700 19.124
201903 18.540 99.700 19.860
201906 18.752 99.800 20.067
201909 17.286 100.100 18.443
201912 17.385 100.500 18.475
202003 15.371 100.300 16.367
202006 15.124 99.900 16.169
202009 13.911 99.900 14.872
202012 13.799 99.300 14.841
202103 12.681 99.900 13.557
202106 12.777 99.500 13.714
202109 13.361 100.100 14.255
202112 13.675 100.100 14.590
202203 12.618 101.100 13.329
202206 12.318 101.800 12.923
202209 12.751 103.100 13.209
202212 12.532 104.100 12.857
202303 12.628 104.400 12.918
202306 12.295 105.200 12.482
202309 12.487 106.200 12.558
202312 12.301 106.800 12.301

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


Maxell  (FRA:0H2) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Maxell Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Maxell's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Maxell (FRA:0H2) Business Description

Industry
Traded in Other Exchanges
Address
2-16-2, Konan, Minato-ku, Taiyo-Life Shinagawa Building 21sr Floor, Tokyo, JPN, 108-8248
Maxell Ltd is a Japan-based company that is engaged in manufacturing and selling energy products, industrial materials products, and electronic appliance and consumer products. The company focuses on several business areas, including automotive, home life and infrastructure, health and beauty care, and business and consumer. The company provides a broad range of products, including primary batteries, rechargeable batteries, electroforming, data storage, adhesive tapes, inks, functional films, display equipment, lens units, optical components, and wellness and beauty care.

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