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Interspace Co (TSE:2122) Cyclically Adjusted PB Ratio : 1.30 (As of Jun. 04, 2024)


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What is Interspace Co Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Interspace Co's current share price is 円933.00. Interspace Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円718.93. Interspace Co's Cyclically Adjusted PB Ratio for today is 1.30.

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

TSE:2122' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.26   Med: 1.93   Max: 5.14
Current: 1.29

During the past years, Interspace Co's highest Cyclically Adjusted PB Ratio was 5.14. The lowest was 1.26. And the median was 1.93.

TSE:2122's Cyclically Adjusted PB Ratio is ranked worse than
55.67% of 679 companies
in the Media - Diversified industry
Industry Median: 1.13 vs TSE:2122: 1.29

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.

Interspace Co's adjusted book value per share data for the three months ended in Mar. 2024 was 円934.078. 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718.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Interspace Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Interspace 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.

Interspace Co Cyclically Adjusted PB Ratio Chart

Interspace Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.91 2.37 1.86 1.44 1.38

Interspace 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 1.94 1.57 1.38 1.31 1.28

Competitive Comparison of Interspace Co's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, Interspace 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.


Interspace Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Interspace Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Interspace 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.

Interspace Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=933.00/718.93
=1.30

* 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.

Interspace Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=934.078/107.2000*107.2000
=934.078

Current CPI (Mar. 2024) = 107.2000.

Interspace Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 400.620 98.000 438.229
201409 406.203 98.500 442.081
201412 397.508 97.900 435.269
201503 400.616 97.900 438.672
201506 403.178 98.400 439.235
201509 445.513 98.500 484.863
201512 455.783 98.100 498.063
201603 470.244 97.900 514.915
201606 488.730 98.100 534.066
201609 513.733 98.000 561.961
201612 525.639 98.400 572.647
201703 544.717 98.100 595.246
201706 579.260 98.500 630.423
201709 623.529 98.800 676.542
201712 624.935 99.400 673.974
201803 653.130 99.200 705.802
201806 676.315 99.200 730.857
201809 683.818 99.900 733.787
201812 688.578 99.700 740.377
201903 729.968 99.700 784.880
201906 748.010 99.800 803.474
201909 734.687 100.100 786.798
201912 726.241 100.500 774.657
202003 741.409 100.300 792.413
202006 752.652 99.900 807.651
202009 755.490 99.900 810.696
202012 734.062 99.300 792.462
202103 755.966 99.900 811.207
202106 775.872 99.500 835.914
202109 804.328 100.100 861.378
202112 813.137 100.100 870.812
202203 843.728 101.100 894.635
202206 858.294 101.800 903.822
202209 853.161 103.100 887.089
202212 861.541 104.100 887.197
202303 890.374 104.400 914.254
202306 903.078 105.200 920.247
202309 920.930 106.200 929.602
202312 903.393 106.800 906.776
202403 934.078 107.200 934.078

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.


Interspace Co  (TSE:2122) 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.


Interspace Co Cyclically Adjusted PB Ratio Related Terms

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


Interspace Co (TSE:2122) Business Description

Traded in Other Exchanges
N/A
Address
2-4-1 Nishishinjuku, 8th Floor Shinjuku NS Building, Shinjuku-ku, Tokyo, JPN, 163-0808
Interspace Co Ltd is engaged in Internet-based business. The company offers Internet marketing solutions through affiliate program services. The company operates online media contents in fortune-telling, professional baseball player's fun site, and child caring site for young mothers; and offers search engine optimization services. The company also operates a price comparison website. The company also provides consulting services for Merchant and partners.

Interspace Co (TSE:2122) Headlines

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