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GMO Globalsign Holdings KK (TSE:3788) Cyclically Adjusted PB Ratio : 5.08 (As of May. 21, 2024)


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What is GMO Globalsign Holdings KK Cyclically Adjusted PB Ratio?

As of today (2024-05-21), GMO Globalsign Holdings KK's current share price is 円2924.00. GMO Globalsign Holdings KK's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円575.43. GMO Globalsign Holdings KK's Cyclically Adjusted PB Ratio for today is 5.08.

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

TSE:3788' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.28   Med: 8.27   Max: 29.03
Current: 5.15

During the past years, GMO Globalsign Holdings KK's highest Cyclically Adjusted PB Ratio was 29.03. The lowest was 3.28. And the median was 8.27.

TSE:3788's Cyclically Adjusted PB Ratio is ranked worse than
74.33% of 1348 companies
in the Software industry
Industry Median: 2.605 vs TSE:3788: 5.15

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.

GMO Globalsign Holdings KK's adjusted book value per share data for the three months ended in Mar. 2024 was 円765.356. 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575.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


GMO Globalsign Holdings KK Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GMO Globalsign Holdings KK'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.

GMO Globalsign Holdings KK Cyclically Adjusted PB Ratio Chart

GMO Globalsign Holdings KK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.92 19.77 8.79 7.84 4.83

GMO Globalsign Holdings KK 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 7.63 5.76 4.94 4.83 5.42

Competitive Comparison of GMO Globalsign Holdings KK's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, GMO Globalsign Holdings KK'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.


GMO Globalsign Holdings KK's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, GMO Globalsign Holdings KK's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where GMO Globalsign Holdings KK's Cyclically Adjusted PB Ratio falls into.



GMO Globalsign Holdings KK 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.

GMO Globalsign Holdings KK's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2924.00/575.43
=5.08

* 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.

GMO Globalsign Holdings KK's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, GMO Globalsign Holdings KK'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)
=765.356/107.2000*107.2000
=765.356

Current CPI (Mar. 2024) = 107.2000.

GMO Globalsign Holdings KK Quarterly Data

Book Value per Share CPI Adj_Book
201406 439.798 98.000 481.085
201409 452.777 98.500 492.768
201412 471.998 97.900 516.835
201503 437.041 97.900 478.558
201506 463.251 98.400 504.680
201509 450.408 98.500 490.190
201512 453.613 98.100 495.691
201603 437.761 97.900 479.346
201606 426.555 98.100 466.123
201609 381.549 98.000 417.368
201612 410.169 98.400 446.851
201703 402.038 98.100 439.332
201706 419.359 98.500 456.399
201709 439.374 98.800 476.730
201712 453.104 99.400 488.659
201803 435.012 99.200 470.094
201806 461.398 99.200 498.608
201809 500.976 99.900 537.584
201812 503.896 99.700 541.802
201903 492.329 99.700 529.365
201906 511.947 99.800 549.907
201909 534.575 100.100 572.492
201912 556.304 100.500 593.391
202003 523.303 100.300 559.303
202006 556.223 99.900 596.868
202009 577.224 99.900 619.404
202012 607.309 99.300 655.625
202103 597.751 99.900 641.431
202106 606.391 99.500 653.318
202109 613.382 100.100 656.889
202112 619.251 100.100 663.174
202203 635.359 101.100 673.694
202206 687.362 101.800 723.823
202209 701.893 103.100 729.805
202212 688.806 104.100 709.318
202303 682.391 104.400 700.693
202306 724.307 105.200 738.077
202309 746.968 106.200 754.002
202312 749.904 106.800 752.713
202403 765.356 107.200 765.356

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.


GMO Globalsign Holdings KK  (TSE:3788) 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.


GMO Globalsign Holdings KK Cyclically Adjusted PB Ratio Related Terms

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GMO Globalsign Holdings KK (TSE:3788) Business Description

Traded in Other Exchanges
N/A
Address
26-1, Sakuragaoka-cho, 10th Floor Cerulean Tower, Shibuya-ku, Tokyo, JPN, 150-8512
GMO Globalsign Holdings KK is engaged in the development and operation of various internet solutions centred on cloud and hosting services and security services. It is organized into four business areas - IoT business, Cloud/Hosting business, Security/ID Management business, and Solutions business. The company offers a wide range of hosting services from rental server to cloud, direct sales and sales through distributors. In the ID management business, the company provides a cloud type ID service that realizes user ID management, access control, and single sign-on.

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