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Nissui (FRA:71N) Cyclically Adjusted PB Ratio : 1.67 (As of May. 24, 2024)


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What is Nissui Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Nissui's current share price is €5.30. Nissui's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €3.18. Nissui's Cyclically Adjusted PB Ratio for today is 1.67.

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

FRA:71N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 1.62   Max: 2.97
Current: 1.82

During the past years, Nissui's highest Cyclically Adjusted PB Ratio was 2.97. The lowest was 1.18. And the median was 1.62.

FRA:71N's Cyclically Adjusted PB Ratio is ranked worse than
61.77% of 1266 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs FRA:71N: 1.82

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.

Nissui's adjusted book value per share data for the three months ended in Dec. 2023 was €5.063. 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 €3.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nissui Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nissui'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.

Nissui Cyclically Adjusted PB Ratio Chart

Nissui 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 1.51 1.53 1.40 1.19 -

Nissui 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 1.19 1.37 1.50 1.50 -

Competitive Comparison of Nissui's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Nissui'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.


Nissui's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nissui's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Nissui 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.30/3.18
=1.67

* 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.

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

For example, Nissui'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)
=5.063/106.8000*106.8000
=5.063

Current CPI (Dec. 2023) = 106.8000.

Nissui Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.696 95.700 1.893
201406 1.808 98.000 1.970
201409 1.938 98.500 2.101
201412 2.026 97.900 2.210
201503 2.369 97.900 2.584
201506 2.284 98.400 2.479
201509 2.312 98.500 2.507
201512 2.475 98.100 2.694
201603 2.732 97.900 2.980
201606 2.592 98.100 2.822
201609 2.768 98.000 3.017
201612 2.974 98.400 3.228
201703 3.216 98.100 3.501
201706 3.215 98.500 3.486
201709 3.168 98.800 3.425
201712 3.357 99.400 3.607
201803 3.381 99.200 3.640
201806 3.501 99.200 3.769
201809 3.557 99.900 3.803
201812 3.770 99.700 4.038
201903 3.745 99.700 4.012
201906 3.915 99.800 4.190
201909 4.068 100.100 4.340
201912 4.102 100.500 4.359
202003 4.137 100.300 4.405
202006 4.064 99.900 4.345
202009 4.102 99.900 4.385
202012 4.195 99.300 4.512
202103 4.208 99.900 4.499
202106 4.273 99.500 4.586
202109 4.555 100.100 4.860
202112 4.651 100.100 4.962
202203 4.670 101.100 4.933
202206 4.505 101.800 4.726
202209 4.862 103.100 5.036
202212 4.931 104.100 5.059
202303 4.868 104.400 4.980
202306 4.705 105.200 4.777
202309 4.864 106.200 4.891
202312 5.063 106.800 5.063

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.


Nissui  (FRA:71N) 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.


Nissui Cyclically Adjusted PB Ratio Related Terms

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


Nissui (FRA:71N) Business Description

Traded in Other Exchanges
Address
1-3-1 Nishi-Shimbashi, Nishi-Shimbashi Square, Minato-ku, Tokyo, JPN, 105-8676
Nissui Corp primarily operates in the marine and food product businesses. The company divides its business activities into four segments: the marine products segment, which is engaged in the fishing, processing, and sale of marine products; the food segment, which produces and sells processed food products; the fine segment, which consists of the manufacture and sale of generic pharmaceuticals and health food; and the logistics segment, which is engaged in the cold storage of marine products and cargo transportation. The company also provides construction and repair of ships, marine transportation, and engineering services, and it operates in cosmetics business through its subsidiary.

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