GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tohoku Electric Power Co Inc (OTCPK:TEPCY) » Definitions » Cyclically Adjusted PB Ratio

Tohoku Electric Power Co (Tohoku Electric Power Co) Cyclically Adjusted PB Ratio : 0.64 (As of May. 01, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Tohoku Electric Power Co Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Tohoku Electric Power Co's current share price is $5.83. Tohoku Electric Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $9.14. Tohoku Electric Power Co's Cyclically Adjusted PB Ratio for today is 0.64.

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

TEPCY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.71   Max: 1.09
Current: 0.81

During the past years, Tohoku Electric Power Co's highest Cyclically Adjusted PB Ratio was 1.09. The lowest was 0.41. And the median was 0.71.

TEPCY's Cyclically Adjusted PB Ratio is ranked better than
63.53% of 255 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.13 vs TEPCY: 0.81

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.

Tohoku Electric Power Co's adjusted book value per share data for the three months ended in Dec. 2023 was $10.421. 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 $9.14 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tohoku Electric Power Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tohoku Electric Power Co'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.

Tohoku Electric Power Co Cyclically Adjusted PB Ratio Chart

Tohoku Electric Power Co 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 0.74 0.76 0.51 0.46 -

Tohoku Electric Power Co 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 0.46 0.61 0.65 0.64 -

Competitive Comparison of Tohoku Electric Power Co's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, Tohoku Electric Power 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.


Tohoku Electric Power Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tohoku Electric Power Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tohoku Electric Power Co 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.

Tohoku Electric Power Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.83/9.14
=0.64

* 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.

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

For example, Tohoku Electric Power 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)
=10.421/106.8000*106.8000
=10.421

Current CPI (Dec. 2023) = 106.8000.

Tohoku Electric Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.502 95.700 11.720
201406 10.900 98.000 11.879
201409 10.904 98.500 11.823
201412 9.822 97.900 10.715
201503 10.034 97.900 10.946
201506 10.470 98.400 11.364
201509 10.929 98.500 11.850
201512 10.939 98.100 11.909
201603 11.183 97.900 12.200
201606 12.495 98.100 13.603
201609 13.260 98.000 14.451
201612 11.755 98.400 12.758
201703 12.345 98.100 13.440
201706 12.822 98.500 13.902
201709 13.182 98.800 14.249
201712 12.965 99.400 13.930
201803 13.818 99.200 14.877
201806 13.610 99.200 14.653
201809 13.613 99.900 14.553
201812 13.269 99.700 14.214
201903 13.754 99.700 14.733
201906 14.413 99.800 15.424
201909 14.868 100.100 15.863
201912 14.598 100.500 15.513
202003 14.736 100.300 15.691
202006 15.116 99.900 16.160
202009 15.953 99.900 17.055
202012 15.965 99.300 17.171
202103 15.221 99.900 16.272
202106 15.028 99.500 16.131
202109 15.430 100.100 16.463
202112 14.230 100.100 15.182
202203 11.806 101.100 12.472
202206 10.050 101.800 10.544
202209 8.049 103.100 8.338
202212 6.900 104.100 7.079
202303 8.214 104.400 8.403
202306 9.002 105.200 9.139
202309 9.682 106.200 9.737
202312 10.421 106.800 10.421

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.


Tohoku Electric Power Co  (OTCPK:TEPCY) 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.


Tohoku Electric Power Co Cyclically Adjusted PB Ratio Related Terms

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


Tohoku Electric Power Co (Tohoku Electric Power Co) Business Description

Traded in Other Exchanges
Address
1-7-1 Honcho, Aoba-ku, Miyagi, Sendai, JPN, 980-8550
Tohoku Electric Power Co Inc is an electric utility company operating in and serving the Tohoku region of the Japanese archipelago. The country separates its activities into Electric power, Construction, and Other business segments. Almost all of the company's revenue comes from its Electric power business in the form of electricity sales. Tohoku Electric produces power through its portfolio of facilities utilizing nuclear, liquefied natural gas, coal, oil, hydro, geothermal, solar, and wind fuel sources. Most of the company's energy production comes from its thermal, non-renewable sites, which it then transmits and distributes to mainly residential customers. Tohoku Electric Power produces sizable amounts of Japan's total geothermal and wind energy output, as well.

Tohoku Electric Power Co (Tohoku Electric Power Co) Headlines

No Headlines