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Fanuc (FRA:FUC) Cyclically Adjusted PB Ratio : 2.67 (As of May. 24, 2024)


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What is Fanuc Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Fanuc's current share price is €26.77. Fanuc's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €10.04. Fanuc's Cyclically Adjusted PB Ratio for today is 2.67.

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

FRA:FUC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.87   Med: 3.55   Max: 5.86
Current: 2.89

During the past years, Fanuc's highest Cyclically Adjusted PB Ratio was 5.86. The lowest was 1.87. And the median was 3.55.

FRA:FUC's Cyclically Adjusted PB Ratio is ranked worse than
68.14% of 2081 companies
in the Industrial Products industry
Industry Median: 1.85 vs FRA:FUC: 2.89

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.

Fanuc's adjusted book value per share data for the three months ended in Dec. 2023 was €11.030. 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 €10.04 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fanuc Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fanuc'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.

Fanuc Cyclically Adjusted PB Ratio Chart

Fanuc 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 2.24 3.86 3.04 3.13 -

Fanuc 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 3.13 3.26 2.48 2.61 -

Competitive Comparison of Fanuc's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Fanuc'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.


Fanuc's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fanuc's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fanuc 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.77/10.04
=2.67

* 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.

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

For example, Fanuc'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)
=11.03/106.8000*106.8000
=11.030

Current CPI (Dec. 2023) = 106.8000.

Fanuc Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.622 95.700 9.622
201406 8.985 98.000 9.792
201409 9.446 98.500 10.242
201412 9.222 97.900 10.060
201503 10.820 97.900 11.804
201506 11.902 98.400 12.918
201509 12.481 98.500 13.533
201512 12.522 98.100 13.633
201603 10.855 97.900 11.842
201606 11.164 98.100 12.154
201609 11.819 98.000 12.880
201612 11.241 98.400 12.201
201703 11.645 98.100 12.678
201706 11.326 98.500 12.280
201709 11.113 98.800 12.013
201712 11.068 99.400 11.892
201803 11.533 99.200 12.417
201806 11.615 99.200 12.505
201809 11.779 99.900 12.593
201812 11.398 99.700 12.210
201903 11.813 99.700 12.654
201906 11.412 99.800 12.212
201909 11.836 100.100 12.628
201912 11.587 100.500 12.313
202003 11.876 100.300 12.646
202006 11.609 99.900 12.411
202009 11.487 99.900 12.280
202012 11.470 99.300 12.336
202103 11.613 99.900 12.415
202106 11.262 99.500 12.088
202109 11.837 100.100 12.629
202112 11.948 100.100 12.748
202203 12.262 101.100 12.953
202206 11.538 101.800 12.105
202209 11.917 103.100 12.345
202212 11.613 104.100 11.914
202303 11.845 104.400 12.117
202306 11.165 105.200 11.335
202309 11.153 106.200 11.216
202312 11.030 106.800 11.030

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.


Fanuc  (FRA:FUC) 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.


Fanuc Cyclically Adjusted PB Ratio Related Terms

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


Fanuc (FRA:FUC) Business Description

Industry
Traded in Other Exchanges
Address
3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, JPN, 401-0597
Fanuc provides factory automation products, such as industrial robots, computerized numerical control systems, and compact machining centers (Robodrills) globally. The company had its beginnings as part of Fujitsu developing early numerical control systems and now commands the top global market share with its CNC systems and industrial robots.

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