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Lawson (STU:LAW) Cyclically Adjusted PB Ratio : 3.49 (As of Jun. 13, 2024)


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What is Lawson Cyclically Adjusted PB Ratio?

As of today (2024-06-13), Lawson's current share price is €60.50. Lawson's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was €17.36. Lawson's Cyclically Adjusted PB Ratio for today is 3.49.

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

STU:LAW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.59   Med: 2.19   Max: 3.61
Current: 3.6

During the past years, Lawson's highest Cyclically Adjusted PB Ratio was 3.61. The lowest was 1.59. And the median was 2.19.

STU:LAW's Cyclically Adjusted PB Ratio is ranked worse than
74.67% of 229 companies
in the Retail - Defensive industry
Industry Median: 1.62 vs STU:LAW: 3.60

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.

Lawson's adjusted book value per share data for the three months ended in Feb. 2024 was €17.629. 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 €17.36 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lawson Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lawson'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.

Lawson Cyclically Adjusted PB Ratio Chart

Lawson Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.25 1.92 1.80 1.93 3.57

Lawson Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.93 2.16 2.45 2.55 3.57

Competitive Comparison of Lawson's Cyclically Adjusted PB Ratio

For the Discount Stores subindustry, Lawson'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.


Lawson's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Lawson's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Lawson 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.50/17.36
=3.49

* 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.

Lawson's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Lawson's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=17.629/106.9000*106.9000
=17.629

Current CPI (Feb. 2024) = 106.9000.

Lawson Quarterly Data

Book Value per Share CPI Adj_Book
201405 17.398 98.100 18.959
201408 18.656 98.300 20.288
201411 17.657 97.900 19.280
201502 19.017 97.600 20.829
201505 18.730 98.700 20.286
201508 19.410 98.400 21.087
201511 20.119 98.100 21.924
201602 20.831 97.800 22.769
201605 21.060 98.200 22.926
201608 23.952 97.900 26.154
201611 23.191 98.600 25.143
201702 22.882 98.100 24.935
201705 21.710 98.600 23.538
201708 21.900 98.500 23.768
201711 21.228 99.100 22.899
201802 20.683 99.500 22.221
201805 20.766 99.300 22.355
201808 22.020 99.800 23.587
201811 21.569 100.000 23.057
201902 22.062 99.700 23.655
201905 21.736 100.000 23.236
201908 23.672 100.000 25.305
201911 23.054 100.500 24.522
202002 22.582 100.300 24.068
202005 22.372 100.100 23.892
202008 21.536 100.100 22.999
202011 21.993 99.500 23.629
202102 21.015 99.800 22.510
202105 20.281 99.400 21.811
202108 21.595 99.700 23.155
202111 21.428 100.100 22.884
202202 17.707 100.700 18.797
202205 20.150 101.800 21.159
202208 20.648 102.700 21.492
202211 19.518 103.900 20.082
202302 17.532 104.000 18.021
202305 17.393 105.100 17.691
202308 17.522 105.900 17.687
202311 17.234 106.900 17.234
202402 17.629 106.900 17.629

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.


Lawson  (STU:LAW) 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.


Lawson Cyclically Adjusted PB Ratio Related Terms

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


Lawson (STU:LAW) Business Description

Traded in Other Exchanges
Address
East Tower, Gate City Osaki, 11-2, Osaki 1-chome, Shinagawa-ku, Tokyo, JPN, 141-8643
Lawson is the third-largest convenience-store operator in Japan with more than 14,500 stores domestically, and more than 3,400 stores overseas with more than 90% of stores located in China. Convenience-store operations inclusive of franchise fees represent about 55% of group operating revenue and 75% of operating profits. Other activities include Seijo Ishii (an upscale food-store chain with 163 stores in Japan as of November 2020) and entertainment businesses comprising cinema operations with 43 theaters, the HMV music store chain, and Lawson HMV ticketing services.

Lawson (STU:LAW) Headlines

From GuruFocus