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Ensuiko Sugar Refining Co (TSE:2112) Cyclically Adjusted PB Ratio : 0.83 (As of May. 21, 2024)


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What is Ensuiko Sugar Refining Co Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Ensuiko Sugar Refining Co's current share price is 円288.00. Ensuiko Sugar Refining Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円346.15. Ensuiko Sugar Refining Co's Cyclically Adjusted PB Ratio for today is 0.83.

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

TSE:2112' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.8   Max: 1.14
Current: 0.82

During the past years, Ensuiko Sugar Refining Co's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.60. And the median was 0.80.

TSE:2112's Cyclically Adjusted PB Ratio is ranked better than
70.7% of 1263 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs TSE:2112: 0.82

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.

Ensuiko Sugar Refining Co's adjusted book value per share data for the three months ended in Dec. 2023 was 円466.317. 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 円346.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ensuiko Sugar Refining Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ensuiko Sugar Refining 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.

Ensuiko Sugar Refining Co Cyclically Adjusted PB Ratio Chart

Ensuiko Sugar Refining Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.73 0.93 0.70 0.61

Ensuiko Sugar Refining Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.61 0.61 0.62 0.77 0.68

Competitive Comparison of Ensuiko Sugar Refining Co's Cyclically Adjusted PB Ratio

For the Confectioners subindustry, Ensuiko Sugar Refining 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.


Ensuiko Sugar Refining Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Ensuiko Sugar Refining Co's Cyclically Adjusted PB Ratio falls into.



Ensuiko Sugar Refining 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.

Ensuiko Sugar Refining Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=288.00/346.15
=0.83

* 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.

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

For example, Ensuiko Sugar Refining 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)
=466.317/106.8000*106.8000
=466.317

Current CPI (Dec. 2023) = 106.8000.

Ensuiko Sugar Refining Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 243.411 95.700 271.644
201406 241.438 98.000 263.118
201409 241.326 98.500 261.661
201412 251.341 97.900 274.190
201503 253.971 97.900 277.059
201506 273.706 98.400 297.071
201509 262.824 98.500 284.971
201512 279.866 98.100 304.686
201603 251.426 97.900 274.283
201606 250.836 98.100 273.081
201609 263.931 98.000 287.631
201612 284.588 98.400 308.882
201703 281.083 98.100 306.011
201706 287.723 98.500 311.968
201709 293.330 98.800 317.081
201712 311.552 99.400 334.746
201803 306.425 99.200 329.901
201806 315.979 99.200 340.187
201809 321.328 99.900 343.522
201812 320.848 99.700 343.697
201903 324.980 99.700 348.123
201906 325.238 99.800 348.050
201909 330.218 100.100 352.321
201912 344.382 100.500 365.970
202003 328.411 100.300 349.694
202006 337.855 99.900 361.190
202009 337.301 99.900 360.598
202012 346.265 99.300 372.418
202103 365.393 99.900 390.630
202106 370.218 99.500 397.380
202109 369.776 100.100 394.526
202112 371.948 100.100 396.844
202203 381.176 101.100 402.667
202206 383.526 101.800 402.363
202209 381.286 103.100 394.969
202212 399.687 104.100 410.054
202303 403.944 104.400 413.230
202306 445.331 105.200 452.104
202309 458.406 106.200 460.996
202312 466.317 106.800 466.317

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.


Ensuiko Sugar Refining Co  (TSE:2112) 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.


Ensuiko Sugar Refining Co Cyclically Adjusted PB Ratio Related Terms

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Ensuiko Sugar Refining Co (TSE:2112) Business Description

Traded in Other Exchanges
N/A
Address
New ESR Building, 2 - 9 - 6 Nihonbashi Tori Town, Chuo-ku, Tokyo, JPN, 103-0012
Ensuiko Sugar Refining Co Ltd operates in the confectionery industry. The company is engaged in the manufacturing and distribution of sugar. It offers a wide range of products ranging from home use to business use, including white sugar, stick sugar for coffee and tea, and gum syrup.

Ensuiko Sugar Refining Co (TSE:2112) Headlines

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